German business confidence stable despite global slowdown fearsApril 25, 2016 - 16:27 AMT PanARMENIAN.Net - A closely watched measure of German business optimism was stable in April despite worries about a possible global economic slowdown, the Associated Press reports. The Ifo index barely slipped to 106.6 points from 106.7 points in March. Market analysts had expected a small rise to 107.0 points. The head of the Ifo institute in Munich, Clemens Fuest, said Monday, April 25 that "the mood in the German economy remains positive." Germany's economy depends heavily on trade and would suffer from a serious slowdown in China and other emerging economies. The Ifo index fell in the first two months of the year amid financial market turmoil and fears about world growth. ING-Diba economist Carsten Brzeski wrote in a research note that "today's Ifo adds to latest hopes that the widely-feared sharp global slowdown is not happening." Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |