British economy ends 2015 at steady paceJanuary 28, 2016 - 17:12 AMT PanARMENIAN.Net - Britain's economy ended 2015 at a steady pace amid global economic uncertainty, with quarterly growth picking up slightly to 0.5 percent in the last three months of the year compared with 0.4 percent in the previous three months. The Office of National Statistics said Thursday, Jan 28, that preliminary estimates showed full-year growth slowed to 2.2 percent from 2.9 percent the year before. Treasury chief George Osborne, who has warned of a "dangerous cocktail of new threats" to the economy, nonetheless said data showed the UK was "pushing ahead." Chris Williamson, chief economist at Markit, says uncertainty about whether Britain will leave the European Union and financial market volatility "are all creating an unsettling business environment and point to downside risks to the economy in 2016." Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan. Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |