Yerevan, 22.January.2018,
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Business

Apple sees iPhone sales drop again but beats forecasts
Apple has reported a second consecutive quarter of falling iPhone sales, but the 15% drop was not as bad as analysts had feared. The US tech giant sold 40.4 million iPhones in its third quarter, slightly above forecasts of 40.02 million. Apple chief executive Tim Cook said the results reflected "stronger customer demand... than we anticipated". The firm said it expected sales to fall again in the fourth quarter to between $45.5bn (£34bn; €41.4bn) and $47.5bn. Demand for ...
Huawei sees revenues surge in the first half of 2016
Chinese technology and smartphone giant Huawei has reported a 40% surge in revenue for the first half of 2016. The firm reported 245.5bn yuan ($37bn, £28bn) in revenues, up from 175.6bn yuan for the same period last year. It did not disclose its net profit but said the operating margin was 12%, down from 18% in the first half of 2015. Huawei is the third-biggest smartphone vendor in the world behind Samsung and Apple and one of the world's largest telecommunications firms. Originally k...
Netflix price rises prompt subscribers to turn off
Netflix shares fell sharply after the video streaming firm added fewer subscribers than expected ahead of US prices rises. The company added 1.68 million users in the three months to June - well below its forecasts of 2.5 million. Subscriber cancellations rose "slightly and unexpectedly" ahead of higher charges for existing users. The numbers sent Netflix shares down 13% to $85.90 in after-hours trading in New York. If that loss extends when Wall Street opens on Tuesday, the stock will have ...
ARM Holdings in £24bn Japanese takeover deal
ARM Holdings, one of the UK's biggest technology companies, is set to announce it is being bought by Japan's Softbank for £24bn ($32bn). The board of ARM is expected to recommend shareholders accept the offer - close to a 50% premium on its closing market value of £16.8bn on Friday. The Cambridge-based firm is arguably the most precious jewel in the crown of British technology. Its microchip designs are in an array of devices including Apple's iPhone. Sources close to the deal sa...
Nintendo shares up more than 50% since Pokemon Go release
Shares in the Japanese company Nintendo have seen a stellar rise since the release of their augmented reality game Pokemon Go, gaining more than 50%. Shares shot up 16% on Thursday, making an overall increase of 56% since trading closed on Friday - the day the game became available. Pokemon Go players search locations in the real world to find virtual Pokemon creatures on their smartphone screens. The game has become a global phenomenon since its release. It topped the app sto...
Italy economy: IMF says country has 'two lost decades' of growth
Italy's economy will not return to the levels seen before the 2008 financial crisis until the mid-2020s, the IMF has said, implying "two lost decades". By the mid-2020s, it says the economies of other eurozone members will be 20-25% larger than levels seen in 2008. The Fund's comments came as it cut its growth forecasts for the eurozone's third largest economy. It now expects Italy's economy to grow by less than 1% this year, compared with an earlier estimate of 1.1%. The IMF also cut i...
Nintendo shares soar on Pokemon Go success
Shares in Japanese gaming company Nintendo jumped by nearly a quarter on Monday following the success of its new Pokemon Go smartphone game. It debuted at the top of gaming charts in the US last week and is set to be released in Japan soon, although it is not available yet in the UK. Pokemon Go requires users to try to catch on-screen characters like Pikachu using their real-world locations. Millions of users have already downloaded the game. The game was downloaded onto more US Android smar...
Messaging app Line set to raise up to $1.3bn in IPO
Japanese messaging app Line is set to raise up to $1.3bn (£1bn) when it lists its shares later this week. The company set its flotation price at 3,300 yen ($33; £25) per share, at the top end of the expected range. Line will list its shares in a dual offering in New York and Tokyo on 14 and 15 July. Line is the most popular messaging app in Japan, Thailand and Taiwan, and its flotation is set to be the world's biggest tech listing so far this year.
Asian trade sees pound hovers around 31-year low
The pound continues to hover around 31-year lows in Asian trading as more UK property funds suspend withdrawals in the wake of Brexit. However, the Japanese yen is rising for a third day against the dollar as investors buy into the currency, seen as a safe haven for their money. It has strengthened by nearly 5% since the UK vote to exit the European Union. The renewed jitters over the fallout from the Brexit vote have also extended a rally in gold prices. The precious metal is trad...
Fifa World Cup tickets breach $1,000 for first time
Some tickets for the World Cup final in Moscow in 2018 will cost more than $1,000 (£775) for the first time, governing body Fifa has revealed. The most expensive ticket for the 2018 final will be $1,100, up from $990 for the 2014 final in Rio de Janeiro. The other tickets will cost $455 and $710. However, Russian residents get significantly discounted tickets. Ticket sales do not begin until next summer and passes for first round matches start at $105. That is an increase of about 16% ...
Sterling falls to new low against the dollar in Asia trade
The pound has hit a new low in Asian trading as concerns about the UK's vote to leave the European Union continue to weigh on investor confidence. It touched 1.2798 against the dollar on Wednesday, a 31-year low, before recovering slightly to $1.2929. The pound has now fallen about 14% against the dollar since hitting $1.50 ahead of the referendum result. US government bond yields also fell to record lows as investors rushed to put money in perceived havens. The falls follow decisi...
Toyota recalls 1.4 million cars over faulty airbags
Japanese carmaker Toyota says it will recall 1.43 million vehicles worldwide over faulty airbags. The cars affected are Prius and Lexus models from 2008 to 2012. Toyota and other carmakers have over the past years been rocked by millions of recalls over problems with airbags from Japanese supplier company Takata. The latest recall does not involve Takata products and the problem has not been linked to any fatalities or injuries. The recall includes some 495,000 cars sold in North America, 74...
VW US emissions settlement reported to cost $15bn
German carmaker Volkswagen has reportedly reached a $15bn (£11.3bn) settlement with US car owners after admitting it cheated emission tests. The deal would offer to repair or buy back the affected diesel vehicles and pay owners compensation, according to sources close to the talks. Last year, US regulators discovered that VW cars were fitted with software that could distort emissions tests. The German giant subsequently said 11 million cars were affected worldwide. The US settlement is...
UK shares and pound continue to fall
The UK's benchmark share index has opened down 0.8%, while the pound has fallen further against the dollar after Friday's record one-day loss. The FTSE 100 index opened down 0.8% at 6,092.19 points. The index had plunged more than 8% at one point on Friday before recovering some ground to close 3.2% lower. Sterling was trading at $1.3463, down more than 2% from Friday's close. Against the euro it was trading at €1.2170, down 1.2%. On Friday the pound had its biggest one-day fall against...
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