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05 July 2012 • 07:18 AMT
Volkswagen on track to finalize Porsche takeover

The Wolfsburg-based group, Europe’s biggest carmaker, includes brands such as Audi, Volkswagen, Seat, etc.

05 July 2012 • 07:05 AMT
VTB net profits falls 11% to $723.4mln in Q1 2012

The bank initiated a buyback of shares, sold in a “people’s IPO” in 2007, in the first quarter of 2012 and completed it in April.

05 July 2012 • 06:56 AMT
Mozilla confirms details of upcoming Firefox mobile OS

Formally called project “boot to gecko,” Firefox OS for smartphones has gained global support for its launch, according to Mozilla.

05 July 2012 • 06:48 AMT
Samsung most valued brand by Asia consumers

Noteworthy climbers in the luxury category include Louis Vuitton, Burberry, and Prada, which moved up between 84-271 spots.

05 July 2012 • 06:39 AMT
Japan nuke crisis “profoundly man-made disaster” – panel

Japan’s parliament established the panel in May 2011 to examine the handling of the crisis and make recommendations.

05 July 2012 • 06:34 AMT
GM says China sales reached record high in 2012 first half

General Motors’ sales in the country jumped 11.3 percent in the first six months from a year earlier, it said in a statement.

05 July 2012 • 06:18 AMT
Foxconn set to name Calvin Chih its new CEO

Terry Cheng, 59, is quitting less than a third of the way into a three-year term as CEO that began January 1.

05 July 2012 • 06:06 AMT
Oil nears $87 as investors expect ECB meetings

In London, Brent crude for August delivery was down 2 cents at $99.79 per barrel on the ICE Futures exchange.

04 July 2012 • 18:02 AMT
Former Bayern defender Breno jailed for arson

Prosecutors had wanted a sentence of five-and-a-half years, while the Brazilian’s lawyers asked for a two-year suspended sentence.

04 July 2012 • 17:47 AMT
Manchester United applies to list on U.S. stock market

The Glazers borrowed large sums of money to buy the club and the interest payments on this debt are onerous.

04 July 2012 • 17:37 AMT
Obama addresses immigrants on Independence Day

Romney has advocated a program of self-deportation for illegal immigrants, a proposal that has not gone over well with Hispanics.

04 July 2012 • 17:15 AMT
Scientists claim discovery of particle characteristic of Higgs boson

“It’s hard not to get excited by these results,” said Sergio Bertolucci, the research director at CERN.

04 July 2012 • 16:21 AMT
Forest fire in Syria spreads into Turkey

A fire broke out near the Turkish-Syrian border due to an unknown reason, quickly spreading to Yayladağı in Hatay province.

04 July 2012 • 16:12 AMT
U.S. reviews UN agency’s IT dealings with sanctioned countries

The Geneva-based WIPO, a 185-member body that includes Iran, sent IT equipment to Iranian authorities.

04 July 2012 • 15:58 AMT
Gunman kills 4 hostages, shoots himself in Germany

About 200 police officers were sent to the scene including about 40 members of elite police units, and the area was sealed off.

04 July 2012 • 15:46 AMT
Kenya cancels Iranian oil import deal

“There is an embargo on Iranian oil and on that note it has been decided that the M.O.U. will be terminated,” Nyoike said.

04 July 2012 • 15:09 AMT
Chief UN observer in Syria accuses intl. community of inaction

“The urgency of stopping the violence is maybe the most important issue for everyone involved in the conflict,” Mood said.

04 July 2012 • 14:55 AMT
Djokovic beats Mayer, reaches Wimbledon semifinal

Novak Djokovic was down a break in the first set but broke right back and held serve the rest of the way.

04 July 2012 • 14:43 AMT
Another Syrian general defects, flees to Turkey

Tension has risen between Turkey and Syria since Syrian forces shot down a Turkish reconnaissance jet over the Mediterranean.

04 July 2012 • 14:36 AMT
WB helps improve business climate, competitiveness in Armenia

The proposed project will increase voluntary tax compliance of tax payers, reduce tax evasion and compliance costs.

04 July 2012 • 14:26 AMT
Artsakh state ensemble gives concerts in France

The event also included presentation of the book titled “Artsakh: the Garden of the Armenian Traditions and Art.”

04 July 2012 • 14:01 AMT
Jena Malone poised to play tribute in “Hunger Games” sequel

Tribute Johanna Mason in Catching Fire, is a key role that will be reprised in the trilogy’s third installment, Mockingjay.

04 July 2012 • 13:58 AMT
“Regime overthrow” program failing in Syria – expert

Turkish Studies expert Ruben Melkonyan cited wide support Syria regime enjoys beyond the country behind the program failure.

04 July 2012 • 13:56 AMT
UK judge rejects Apple bid to ban HTC smartphone sales

The ruling means that HTC phones won’t be stopped from entering the UK, which happened in the U.S. earlier this year.

04 July 2012 • 13:55 AMT
USD market average rate totals AMD 418,66 July 4

The market average rate of USD totaled AMD 418,66 on July 4, increasing by 0.22 point compared to July 3.

04 July 2012 • 13:54 AMT
France slaps Euro 7.2 bn tax hike on rich, companies

France needs 6-10 billion euros of deficit cuts in 2012 and a hefty 33 billion euros in 2013 to achieve its deficit goals.

04 July 2012 • 13:48 AMT
Project to enhance legal aid to torture victims launched in Armenia

The Projects envisages establishment of a “Travelling Advocate” scheme in partnership with Human Rights House NGO.

04 July 2012 • 13:42 AMT
Bodies of Turkish pilots from downed jet found in Mediterranean

The General Staff said the bodies were found deep in the sea bed and efforts are still underway to retrieve the two men’s remains.

04 July 2012 • 13:11 AMT
Sharon Stone joins star-studded “Mother’s Day” indie drama

Previously announced cast members include Susan Sarandon and her real-life daughter Evan Amurri Martino as well as Christina Ricci.

04 July 2012 • 12:56 AMT
European Council chief urges peaceful settlement of Karabakh conflict

“We welcome EU readiness to help boost trust and establish peace in the region,” Armenian President Serzh Sargsyan.