Economy
In-depth coverage of economic shifts, trade agreements, industrial developments, local markets, and financial trends in Armenia and globally.
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US-China Trade Tensions Rise as CCP Membership Growth Stagnates
Senator Rick Scott warns of security risks from Chinese ownership as the Chinese Communist Party reports its slowest membership growth in five years.
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JPMorgan Chase Stock Faces Valuation Debate Amid Regulatory Scrutiny
JPMorgan Chase shares see mixed valuation signals as investors weigh regulatory pressures against strong institutional performance and market sentiment.
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Pump.fun’s $400M Token Buyback Fails to Trigger Price Rally
Pump.fun has burned over $400 million in PUMP tokens, but the price remains stagnant, highlighting the limits of buyback strategies in current market conditions.
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Solana-Based ‘Black Bull’ Token Surges Following Creator Airdrop Announcement
The Black Bull (ASNEM) token surged nearly 20,000% over seven days after influencer Ansem announced a weekly creator fee airdrop program for token holders.
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Singapore HDB Households Face Utility Bill Hike Amid July Rebate Disbursement
Over 1 million Singaporean households receive U-Save rebates in July as electricity tariffs surge by 17% due to rising global natural gas costs.
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EY fires two employees after alleged breach of PM’s banking data
Two Ernst and Young employees were terminated after allegedly accessing Prime Minister Anthony Albanese’s private banking information at the Commonwealth Bank.
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Global Oil Markets Face Volatility as Hormuz Tensions Persist
Global oil markets remain volatile as Strait of Hormuz tensions impact supply chains, forcing a shift in energy procurement and stockpiling strategies.
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JPMorgan backs crypto regulation but warns of systemic risks
JPMorgan has voiced support for U.S. digital asset legislation while cautioning that innovation must not bypass essential financial safeguards.
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Katie Miller Criticizes MacKenzie Scott’s Philanthropy
Former DOGE adviser Katie Miller has criticized philanthropist MacKenzie Scott for donating $26 billion to organizations she claims promote progressive agendas.
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Two Hospitalized After Ammonia Leak at Jurong Cold Storage Facility
Two people were hospitalized following an ammonia leak at Jurong Marine Cold Storage in Singapore, prompting evacuations of three nearby buildings.
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Comcast to Spin Off NBCUniversal and Sky into Independent Media Entity
Comcast will spin off its media assets, including NBCUniversal and Sky, into a separate public company to focus on core broadband and wireless infrastructure.
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Southwest Airlines to Discontinue Seven Routes from St. Louis Hub
Southwest Airlines will end seven routes from St. Louis this summer as the carrier shifts its strategy toward hub-based operations and Nashville capacity.
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ASIC Warns Superannuation Trustees Over Systemic Failure to Protect Retirement Savings
ASIC reports systemic failures among superannuation trustees to monitor high-risk advice fees, threatening the retirement security of over $300 billion in funds.
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Global Markets Navigate Late-Cycle Risks as Semiconductor Giants Pivot to AI Infrastructure
Investors are hedging against systemic downturns while South Korea launches a $518 billion semiconductor initiative to secure AI leadership.
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Global Crude Markets Face Persistent Volatility Amid Middle East Escalation
Global crude markets face renewed volatility after U.S. strikes near the Strait of Hormuz, highlighting supply risks and a fragmented, shifting energy landscape.