Yerevan, 22.February.2019,
--
:
--
,

Business

Apple loses trademark fight over iPhone name in China
Apple has lost a trademark fight in China, meaning a firm which sells handbags and other leather goods can continue use the name "iPhone". The Beijing Municipal High People's Court ruled in favour of Xintong Tiandi Technology, said the official Legal Daily newspaper. Xintong Tiandi trademarked "IPHONE" for leather products in China in 2010. Apple filed a trademark bid for the name for electronic goods in 2002, but it was not approved until 2013. The Legal Daily (in Chinese) is wide...
HSBC profit falls amid volatile markets
Banking giant HSBC has reported a 14% drop in profits for the first quarter following "extreme levels of volatility" in financial markets at the start of the year. Profit before tax came in at $6.1bn (£4.17bn) for the three months to March, down from $7.1bn a year ago. However, analysts had expected a far steeper fall in profits. HSBC chief executive Stuart Gulliver said the bank had been "resilient in tough market conditions". Adjusted pre-tax profits, including currency eff...
Mobile phone roaming charges cut within EU
UK consumers using their mobile phones in Europe will see reductions in their bills from Saturday. Further caps are coming into effect on roaming - or connection - charges within all 28 countries of the European Union (EU). From June next year, roaming charges in the EU will be abolished completely. The government said that those making calls, downloading data or texting would save millions of pounds in charges following the latest changes. "Roughly a million Brits stay the night i...
Billionaire investor dumps Apple shares
Billionaire investor Carl Icahn has sold his holding in Apple, over concerns about the tech firm's prospects in China. "We no longer have a position with Apple," he said in a TV interview. Reports say Mr Icahn made $2bn (£1.37bn) from selling his stake in Apple. At one point last year, he owned 53 million shares, valued at $6.5bn. Mr Icahn usually pushes for changes at companies he invests in, which earns him the title "activist investor". He started buying Apple shares in th...
Volkswagen bosses to be paid £49m despite record losses
Volkswagen is to pay a dozen current and former senior managers a total of about €63m (£49m, $71m) for 2015, despite reporting record annual losses following its emissions scandal. The carmaker said it would withhold a portion of bonus payments for now, but could award them at a later date. Last year VW admitted to cheating on diesel emissions tests, with net losses for 2015 reaching €5.5bn. Chief executive Matthias Mueller apologised for the firm's actions. At a press confer...
Facebook triples quarterly profits
Facebook shares have jumped after reporting a tripling of first quarter profits from a year earlier to $1.51bn. Advertising revenues rose to $5.2bn, with more than 80% coming from mobile. Facebook's focus on live video attracted new advertisers, while sales on existing services also grew. Mark Zuckerberg also requested that a new class of stock should be issued, so he can donate money from his shares to charity while maintaining control of the firm he founded. The company said the move would...
Apple revenue falls for first time since 2003
Apple reported a 13% drop in its second quarter revenue on Tuesday as sales of iPhones slipped. The technology giant reported quarterly sales of $50.56bn (£34.39bn) down from $58bn last year - the first fall in sales for the company since 2003. Apple sold 51.2 million iPhones during the quarter, down from 61.2 million in the same quarter of 2015. China was a particular weak spot - sales there fell 26%. Results were also hit by the impact of a stronger dollar. Apple shares fell 8% ...
Apple should pay more tax, says co-founder Wozniak
All companies, including Apple, should pay a 50% tax rate, Apple co-founder Steve Wozniak has told the BBC. He said he doesn't like the idea that Apple does not pay tax at the same rate he does personally. Apple, Google and Amazon have been criticised for not paying enough in tax and the firm is currently the subject of a European Commission tax inquiry. Mr Wozniak, who left Apple in 1985, was also ambivalent at the prospect of the UK leaving the European Union. Mr Wozniak - widely known as ...
Adele named as UK's richest female musician ever as fortune hits £85m
Adele has been named as Britain's richest ever female musician, according to the Sunday Times Rich List. A list of the top 50 music millionaires in the UK and Ireland puts the singer's £85m fortune in 30th place - an increase of £35m compared to last year. The only female singer with a bigger fortune on the list - which also covers Ireland - is Irishwoman Enya on £91m. For the fifth year running Adele is also ranked top of the Young Music Rich List, covering those aged 30 an...
VW 'to offer diesel buy back deal in US'
Volkswagen and US officials have reached a deal under which the car maker could offer to buy back up to 500,000 diesel cars in the US, according to reports. The German car giant has also agreed a compensation fund for owners. VW is expected to reveal the deal to a Federal judge in San Francisco on Thursday. A VW spokeswoman, the Environmental Protection Agency and the Justice Department declined to comment. Volkswagen could also offer to repair diesel vehicles if US regulators approve a fix ...
Mitsubishi Motors admits falsifying fuel economy tests
Mitsubishi Motors has admitted falsifying fuel economy test data for more than 600,000 vehicles. Shares in the Japanese car maker closed down more than 15% after it made the announcement. Mitsubishi, Japan's sixth-largest car maker, sold more than one million vehicles last year but has less than 1% of the UK market. The company said it has stopped making and selling the vehicles and had set up an independent panel to investigate. Company bosses, including Mitsubishi Motors president Tetsuro ...
UK economy 'could be 6% smaller' after EU exit, warns Treasury
Britain's national income could be 6% smaller by 2030 if the UK leaves the European Union, a major report by the Treasury will say. The 200-page report says the size of the cut in gross domestic product would be the equivalent of about £4,300 a year for every household. Trade barriers will be higher - hitting exports - and investment will be lower both within the UK and from abroad after an EU exit, the report argues. Vote Leave dismissed it as "erroneous". Many believe that businesses...
Samsung sees 10% jump in first quarter operating profit
South Korea's Samsung Electronics is forecasting a 10% jump in operating profit for the first quarter. The world's largest smartphone producer has said its operating profit in the January to March period is expected to reach 6.6 trillion Korean won ($5.6bn; £3.9bn). For the same quarter in 2015, Samsung's operating profit was at 6tn won. The improved outlook comes amid reports of strong sales of its latest flagship smartphone models, the Galaxy S7. Samsung is also estimating a jump in ...
Huawei profits up more than 30% in 2015
China's tech giant Huawei said profits for the full year to December rose by 33% from a year earlier, boosted by demand for its smartphones, among other devices. Net profit came in at 36.9bn ($5.7bn; £3.96bn), the firm said. Strong sales in China and Western Europe have seen Huawei's smartphone business grow quickly. Popular for its low-cost devices, Huawei is one of the biggest smartphone vendors behind Samsung and Apple. The company is also one of the world's largest telecommunicatio...
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
Today For week For Month
website by Sargssyan