Economy
In-depth coverage of economic shifts, trade agreements, industrial developments, local markets, and financial trends in Armenia and globally.
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Singapore’s Category A COE Supply Dips for Third Consecutive Quarter
The Land Transport Authority announced a 4% drop in Category A COE supply from August to October, marking three consecutive quarters of decline.
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Sergey Brin reclaims third-richest spot after Alphabet stock volatility
Google co-founder Sergey Brin has climbed back to the third-richest position globally following a rebound in Alphabet shares, ending a brief period of volatility.
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Trump Administration Imposes New Tariffs on 60 Trading Partners Over Forced Labor Concerns
The Trump administration has imposed tariffs of up to 12.5% on 60 trading partners, citing failures to address forced labor in their supply chains.
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Bitcoin ETF Inflow Streak Ends as Institutional Flows Diverge
U.S. spot Bitcoin ETFs saw $225M in outflows, ending a seven-day streak, while Ethereum funds gained $26M as institutional capital shifts between assets.
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US Imposes New Tariffs on 60 Trading Partners Following Expiration of Temporary Levy
The Trump administration has enacted new 10% to 12.5% tariffs on 60 nations, citing forced labor concerns after a previous temporary levy expired.
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Allianz to Acquire HSBC’s Singapore Life Insurance Business in SG$2.7 Billion Deal
Allianz will acquire HSBC Life (Singapore) for SG$2.7 billion, securing a 15-year distribution partnership to expand its footprint in the Asia-Pacific market.
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KPMG Australia Expels Senior Partner Over Confidential Document Scandal
KPMG Australia has expelled senior partner Eileen Hoggett after an investigation confirmed she hid sensitive Lendlease board documents in a work locker.
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Geelong Baker Paul Field Faces New Allegations of Unpaid Superannuation
More than a dozen former employees have accused Geelong baker Paul Field of systemic failure regarding unpaid superannuation across his business network.
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U.S. Mortgage Rates Climb Amid Inflation Fears and Geopolitical Volatility
U.S. mortgage rates hit 6.772% as inflation fears and geopolitical tensions drive Treasury yields up, forcing homebuyers to navigate tighter monthly budgets.
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WestJet Braces for Potential Cabin Crew Strike as CUPE Local 8125 Threatens Peak Summer Disruption
WestJet is offering fee-free flight changes as 4,400 cabin crew members represented by CUPE Local 8125 prepare for a potential strike starting August 2.
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Tesla Stock Tumbles 14% After Q2 Earnings Miss; $25B Capex Plan Confirmed
Tesla shares hit a one-year low after missing Q2 earnings estimates, as investors weigh high capital spending against slowing automotive margins.
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Alphabet Shares Slide as Massive AI Infrastructure Spending Rattles Investors
Alphabet shares fell 8% after Q2 earnings revealed a $205 billion capital expenditure plan and negative free cash flow, fueling concerns over AI investment returns.
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Amazon Stock Declines Amid Strategic AI Unit Job Cuts
Amazon shares slipped as the company reduced staff in its AGI unit, even as it plans to boost total AI infrastructure spending to $200 billion this year.
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S&P 500 Slides as Market Enters ‘Negative Gamma’ Regime
The S&P 500 dropped 1.1% as a shift to a negative gamma regime exacerbates volatility, fueled by surging oil prices and rising Treasury yields hitting 4.7%.
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Oil Tops $100 as Middle East Conflict Widens After Red Sea Attacks
Brent crude climbed above $100 a barrel as Houthi attacks on Saudi tankers and fresh Iranian strikes on Kuwait escalate the regional conflict.