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World's billionaire population at all-time high

World's billionaire population at all-time high

September 18, 2014 - 16:17 AMT  12:17 GMT
Sixty-five percent of female billionaires are married, 10 percent divorced, 4 percent single and 21 percent widowed.
Hyundai offers over $10bn for land in Seoul’s tony district

Hyundai offers over $10bn for land in Seoul’s tony district

September 18, 2014 - 14:06 AMT  10:06 GMT
Hyundai Motor has 18,000 employees in Seoul but its current headquarters in southern Gangnam can accommodate just 5,000 people.
Air France cancels over 70% of flights to Russia over strike

Air France cancels over 70% of flights to Russia over strike

September 18, 2014 - 13:39 AMT  09:39 GMT
To passengers stuck at airports, the company is providing hotel accommodation, meals and, in some cases, compensation payments.
Armenia's economy to be affected by Russia slowdown: Moody’s

Armenia's economy to be affected by Russia slowdown: Moody’s

September 17, 2014 - 13:41 AMT  09:41 GMT
The revised figures are based on the forecast for the Russian economy to contract by 1.0% in 2014, followed by stagnation in 2015.
Sony expects annual loss to swell to more than $2 billion

Sony expects annual loss to swell to more than $2 billion

September 17, 2014 - 12:03 AMT  08:03 GMT
The company is recording a "goodwill impairment charge" of 180 billion yen ($1.7 billion) in the July-September quarter.
Ex-finance minister says Russia not investing enough in economy

Ex-finance minister says Russia not investing enough in economy

September 16, 2014 - 16:57 AMT  12:57 GMT
Several state and private companies suggested they would need to turn to the government for funds to weather the sanctions.
Investors pull $27B out of Britain amid Scottish secession fears: report

Investors pull $27B out of Britain amid Scottish secession fears: report

September 15, 2014 - 15:30 AMT  11:30 GMT
The financial outflow of $27 billion in August was the biggest since the white heat of the 2008 financial crisis.
Russia halts air navigation services to Air Armenia

Russia halts air navigation services to Air Armenia

September 11, 2014 - 18:25 AMT  14:25 GMT
Air navigation services to Air Armenia were suspended over the airline’s outstanding and current debts of $1.1
EU decides to slap new economic sanctions on Russia: diplomats

EU decides to slap new economic sanctions on Russia: diplomats

September 11, 2014 - 16:31 AMT  12:31 GMT
The ban on credits and loans to Russian entities with a maturity of more than 90 days will be reduced to 30 days, two diplomats said.
China fines Audi, Chrysler over anti-monopoly law violation charges

China fines Audi, Chrysler over anti-monopoly law violation charges

September 11, 2014 - 14:01 AMT  10:01 GMT
Regulators have launched a series of investigations of global automakers, technology suppliers and other companies under the law.
Mastercard loses appeal against EU veto

Mastercard loses appeal against EU veto

September 11, 2014 - 13:21 AMT  09:21 GMT
The debit and credit card company Mastercard has lost an appeal against an EU veto at the European Court of Justice.
Armenia to receive Euro 170 million in EU reforms funding

Armenia to receive Euro 170 million in EU reforms funding

September 9, 2014 - 16:46 AMT  12:46 GMT
The funding will be allocated for development of private sector and implementation of reforms in the sectors of public administration and justice
Greek PM expects economy growth for first time in 8 years

Greek PM expects economy growth for first time in 8 years

September 6, 2014 - 13:46 AMT  09:46 GMT
Antonis Samaras also promised a 30 percent reduction in the taxation of heating oil, reversing a measure imposed in 2012.
Armenian GDP growth to slow in 2015, report says

Armenian GDP growth to slow in 2015, report says

September 5, 2014 - 13:43 AMT  09:43 GMT
“The key powers in the region are unlikely to favor an outbreak of conflict on their southern and eastern flanks,” the report says.
U.S. judge rules BP 'grossly negligent' in 2010 Gulf oil spill

U.S. judge rules BP 'grossly negligent' in 2010 Gulf oil spill

September 4, 2014 - 22:08 AMT  18:08 GMT
"The law is clear that proving gross negligence is a very high bar that was not met in this case," said the firm.
Armenia drops 6 points to rank 85th in Global Competitiveness Report

Armenia drops 6 points to rank 85th in Global Competitiveness Report

September 3, 2014 - 18:57 AMT  14:57 GMT
Switzerland, Singapore, USA, Finland, Germany, Japan, Honk Kong, Netherlands, Great Britain and Sweden are in the top ten.
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