Yerevan, 23.October.2017,
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Business

Philip Morris could stop making conventional cigarettes
Philip Morris has launched a new, potentially less harmful cigarette in the UK which it says could mean halting sales of its conventional products. The so called IQOS product heats tobacco rather than burning it. The tobacco giant claims this means smokers get the same nicotine hit, but 90% less of the nasty toxins that come with cigarette smoke. It says trials - not yet externally verified - found the new cigarette had the same impact as quitting smoking. The firm is not pushing that findin...
Samsung Electronics considers splitting firm in two
Samsung Electronics has confirmed it is considering dividing the company into two separate firms. The company has been under pressure from some investors to break itself into a holding unit and an operating company to boost shareholder value. The South Korean technology giant also announced plans to increase dividends and said it would continue to buy back more shares. Restructuring pressure had been mounting after the Note 7 fiasco. In October, the company was forced to stop production...
Black Friday and Cyber Monday: Five tips for spotting a bargain
Black Friday is now one of the UK's busiest shopping days. Retailers offer up a dizzying array of special offers and big discounts, with more deals added online on Cyber Monday. But how can you spot a genuine bargain? 1 Check the size of the discount Before you buy, it is always worth checking if the same product is cheaper somewhere else, experts say. Some specialist sites can tell you if the product has been discounted more heavily before. For example, Camelcamelcamel.com shows...
Singles Day: Alibaba closes in on record sales
E-commerce giant Alibaba looks set to smash the sales record for its annual Singles Day event. About 12 hours into the event, sales had reached 82.4bn yuan ($12.1bn; £10bn), the firm said. Last year's record was $14.3bn. But some have questioned the accuracy of the numbers, amid claims of inflated sales data at online retailers across China. Merchants passing off counterfeit goods as genuine is also an industry problem. Alibaba reported 85% of purchases had been made on mobile phones d...
Shock as India scraps 500 and 1,000 rupee bank notes
The surprise announcement by Indian Prime Minister Narendra Modi that all 500- and 1,000-rupee notes will be scrapped has been met with shock. Indian media described the move variously as a "surgical strike" on tax evaders in the country's overwhelmingly cash economy and a "big bang note". On Tuesday there were serpentine queues at ATMs as people tried to withdraw 100 rupee notes, which are still legal. Banks and ATM machines were shut on Wednesday. The surprise move, announced on Tuesday ev...
US Election 2016: Asia markets jolted by Trump win
Asian stocks have fallen sharply as Donald Trump beat Hillary Clinton in the race for the White House. All regional markets closed lower, with money flowing into safe haven stocks, gold and currencies including the yen. Japan's Nikkei 225 dropped by 5.4% while European and US markets are expected to slide when trading resumes on Wednesday. Traders had expected a comfortable Hillary Clinton win.
Tesco Bank: 20,000 customers lose money
Alan Baxter from Berwick-upon-Tweed said he had lost £600, leaving him with just £21.88 in the bank. He said: "Tesco said they couldn't offer me emergency funds but would offer £25 as a goodwill gesture. "I've got food and petrol to pay for. I have a delivery of coal coming tomorrow for our coal-fired heater and I won't be able to pay." Kevin Smith, from Blackpool, said he had lost £500 from one account and £20 from another. He said: "I was just about to go to b...
Jamie Oliver to buy back Australia restaurant business
British celebrity chef Jamie Oliver is set to buy back his Jamie's Italian restaurants business in Australia. He has swooped after Keystone Group, which ran the operation, went into receivership and put the franchise up for sale. Mr Oliver said he was "excited" about bringing the six restaurants back in-house. The TV-chef has 42 restaurants in the UK and more than 25 abroad run under his name. Financial advisors Ferrier Hodgson, which is handling the sale, said Mr Oliver was the preferred bi...
Egypt will allow its currency to float freely
Egypt will float its currency in a move that is expected to see it fall by almost 50% against the dollar. The price is expected to be around 13 to the US dollar, up from just under nine. The country's central bank said the move was one of a list of reforms designed to strengthen confidence in the economy. Egypt's main stock index jumped by more than 8% at the start of Thursday trading. The central bank has also increased interest rates by 3 percentage points to 14.75%. Banks will be allowed...
Facebook warns advertising revenue growth will slow
Facebook has warned growth in advertising revenues will slow "meaningfully" in the next few months as it tries to avoid alienating users. The social media giant's chief financial officer David Wehner said there was a limit on the number of ads it could put on people's timelines. Shares fell 7% in after-hours trading. The comments came as Facebook reported profits of $2.4bn (£1.9bn) between July and September, up 166% from the same period in 2015. Most of Facebook's revenues came from a...
Oil giant BP sees profits nearly halve
Oil giant BP has reported a near 50% fall in third-quarter profits from last year as the sector continues to struggle with low prices. The company made $933m (£763m) on an underlying replacement cost basis, compared with $1.8bn a year earlier. BP blamed falling oil prices for its fall, saying it was affected by a "weaker price and margin environment". Rival oil company Royal Dutch Shell reported third-quarter profits of $2.8bn, up 18% from last year. BP's chief financial officer Brian ...
Zhuhai air show: China J-20 fighter jet in public debut
China has showcased its long-awaited J-20 stealth fighter in public for the first time. Two of the radar-evading jets did a 60-second flypast at the Zhuhai air show in Guangdong province - the country's biggest meeting of plane makers and buyers. Previously the jets had only been seen by bloggers. The fighters are being seen as symbol of Beijing's desire to modernise and upgrade its military capabilities. President Xi Jinping wants to toughen China's armed forces as it takes a more assertive...
Mark Carney under pressure to say how long he'll stay
Pressure is building on the governor of the Bank of England to clarify how long he intends to stay in the job. Newspaper reports over the weekend suggested Mark Carney was considering leaving in 2018. However, BBC economics editor Kamal Ahmed believes Mr Carney is leaning towards extending his tenure to 2021. "All the people I've spoken to, close to Mark Carney, suggest he is more towards staying than leaving," Kamal said. When Mr Carney became governor in June 2013 he committed to serving f...
Samsung operating profit plunges 30% in wake of Note 7 fiasco
South Korean technology giant Samsung has seen profits plunge after the recall of its Galaxy Note 7 smartphone. Operating profit between July and September fell 30% from a year earlier to 5.2tn won ($4.6bn, £3.8bn) - the lowest level in two years. The world's largest smartphone manufacturer stopped making the Note 7 after reports of them catching fire. Meanwhile the firm's shareholders have backed Samsung heir apparent Lee Jae-yong joining the board. He is grandson of the firm's f...
Four men took own lives after webcam blackmail Katy Perry gets charity award for her work with children from Hillary Clinton Philip Morris could stop making conventional cigarettes Trump eyes ex-Goldman banker Steve Mnuchin for Treasury CIA chief warns Trump: Scrapping Iran deal 'height of folly' Thousands 'miss out on stroke treatment' Samsung Electronics considers splitting firm in two South Korea's President Park 'willing to resign' Brazil Chapecoense football team in Colombia plane crash Bird flu: Netherlands culls 190,000 ducks Trump dismisses Wisconsin recount drive as 'scam' Fidel Castro death: Cubans mourn ex-leader Women in science pledge to combat hate Black Friday and Cyber Monday: Five tips for spotting a bargain Lung cancer cells spread like unanchored tents, study says Abducted California woman Sherri Papini found after three weeks Brazil president Michel Temer accused of corruption Predatory bacteria can wipe out superbugs, says study Catherine Zeta-Jones takes aim at paparazzi with 'better' bikini photos Colombia signs new peace deal with Farc Israel fires: Tens of thousands flee as fires hit Haifa Shia pilgrims among more than 80 killed in IS attack in Iraq Climate changing 'too fast' for species
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