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25 October 2012 • 07:41 AMT
Paper says Gyumri mayor making big job cuts

The shifts have already targeted eight department heads, with both Prosperous Armenia and RPA members among them.

25 October 2012 • 07:40 AMT
Bank of America sued for $1bn for alleged mortgage fraud

The civil lawsuit has been brought by the U.S. Attorney Preet Bharara, the top federal prosecutor in Manhattan, New York.

25 October 2012 • 07:25 AMT
Vanes Martirosyan getting ready to face Erislandy Lara

Vanes Martirosyan spars for his 12-round WBC Super Welterweight title elimination bout against Erislandy Lara.

25 October 2012 • 07:18 AMT
Australia’s largest NSW state recognizes Nagorno Karabakh

“The NSW Parliament has always been, and continues to be, a beacon of hope in upholding human rights,” Kahramanian said.

25 October 2012 • 07:09 AMT
Russia’s Soyuz TMA-06M spacecraft preparing to dock with ISS

The crew comprises Russian cosmonauts Oleg Novitsky and Yevgeny Tarelkin, as well as NASA astronaut Kevin Ford.

25 October 2012 • 07:05 AMT
U.S. loan guarantees to Israel to be extended to 2016

The guarantees come on top of more than $3bn in military assistance and joint U.S.-Israel missile defense projects.

25 October 2012 • 07:00 AMT
U.S. military hypersonic aircraft trial scheduled for 2013

The third test flight of the craft, known as the Waverider or X-51A, broke apart over the Pacific seconds into a test flight in August.

25 October 2012 • 06:45 AMT
Samsung loses first round of U.S. trade case brought by Apple

“Samsung will continue to fight. In the long run, this cult of Apple may not be a good thing to have,” Will Stofega said.

25 October 2012 • 06:41 AMT
Italian PM, six ministers due in Israel for talks

This will be Monti’s first visit to Israel since taking over as prime minister from Silvio Berlusconi last November.

25 October 2012 • 06:35 AMT
S&P places Russia’s TNK-BP on CreditWatch with positive outlook

Meanwhile, Moody’s Investors Service has placed the ratings of oil giant Rosneft and TNK-BP on review for downgrade.

25 October 2012 • 06:28 AMT
Features of Armenian Free Economic Zone

Currently there are approximately 1200 free economic zones (FEZ) operating worldwide, the most successful ones being the Special economic zones in China, about ten in number. These are quite efficient since the Chinese market is huge, and the labour force is cheap there; this attracts big brands to these zones.

24 October 2012 • 18:41 AMT
Major sites report 700% iPad resales surge

Some 140,000 devices were put up for sale on Gazelle.com – a 700% spike from the day before, says Anthony Scarsella.

24 October 2012 • 18:27 AMT
Ecuador ‘very concerned’ about Assange health

Julian Assange, 41, walked into the London embassy on June 19 claiming asylum in a bid to avoid extradition to Sweden.

24 October 2012 • 18:12 AMT
Halloween mask sales predict Obama victory in presidential race

The retailer has correctly predicted the outcome of every presidential election since 1996, based on the mask sales.

24 October 2012 • 18:09 AMT
Berlusconi says he will not run for PM again

“I still have good muscles and a head on my shoulders, but my role will be to give advice”, the former Prime Minister said.

24 October 2012 • 18:05 AMT
Greece to cut 13.9 billion euros spending

Greece has agreed new austerity measures with international lenders, but also secured another two years to implement them, Greek Finance Minister Yannis Stournaras said on Wednesday, October 24.

24 October 2012 • 18:03 AMT
China, U.S., Russia wto launch new credit rating company

The group will be invested by private institutions without conflicts of interests with its credit ratings and won’t represent any country.

24 October 2012 • 17:57 AMT
Greece given two more years of concessions

While market skeptics are still plentiful and optimists few, the intention is to bring the country’s budget deficit down to 3% of GDP.

24 October 2012 • 17:55 AMT
Henrikh Mkhitaryan: Shakhtar is on the rise, we must keep it up

Armenia and Shakhtar Donetsk FC midfielder Henrikh Mkhitaryan commented on Shakhtar’s victory against Chelsea FC.

24 October 2012 • 17:41 AMT
Catholicos of All Armenians hails cooperation with UN

Karekin II met with the outgoing UN Resident Coordinator and UNDP Resident Representative Dafina Gercheva.

24 October 2012 • 17:26 AMT
Expert: Armenian, Russian stance on Syria similar

Political analyst Harutyun Mesropyan stressed Turkey’s aspiration to become a superpower in the region.

24 October 2012 • 17:16 AMT
Expert says Turkey can’t rival Russia

Sergey Shakaryants dubbed the territory a kind of concentration camp due to Syria’s and Turkey’s authority circles.

24 October 2012 • 16:43 AMT
Armenia listed among countries with greatest risk of web infection

Total of 165,000 unique modifications of malicious and potentially unwanted software were registered.

24 October 2012 • 16:33 AMT
Expert says killings of Armenians in Syria not accidental

Sergey Shakaryants noted mercenaries from pro-U.S. Arab countries behind the killings of Armenians in Syria.

24 October 2012 • 16:25 AMT
RPA rep: Prosperous Armenia presidential candidate can’t rival current leader

Sukias Avetisyan noted current leader Serzh Sargsyan to be the sole favorite for the upcoming presidential elections.

24 October 2012 • 16:18 AMT
Sudan accuses Israel over Khartoum military factory blast

In April 2011, Khartoum held Israel responsible for an air strike that killed two people in a car near the city of Port Sudan.

24 October 2012 • 16:01 AMT
Polish Minister offers to resign over World Cup qualifier glitch

Joanna Mucha: I feel political responsibility in connection with the cancellation of the match, even though I couldn’t have done anything.

24 October 2012 • 15:55 AMT
MP: the sooner Armenian opposition decides on presidency, the better

The Republican Party of Armenia (RPA) parliamentary group member Sukias Avetisyan has shared the political experts’ concerns over the non-formation of opposition in Armenia.

24 October 2012 • 15:40 AMT
Russian police kill 2 Islamist militants in Tatarstan

The move came as the radical Islamist insurgency shows signs of spreading from the North Caucasus to central Russia.

24 October 2012 • 15:36 AMT
Armenian Vice PM meets outgoing UN Resident Coordinator

Dafina Gercheva, in turn, hailed the cooperation with RA Ministry of Territorial Administration and communities.