"Genius is one percent inspiration and 99 percent perspiration," the inventor used to say.

Egypt's political crisis, which is entering its 18th day, hasn't disrupted oil supplies, but traders are concerned the upheaval could spread to other countries in the oil-rich region.

OPEC, which published its own monthly report, said crude’s surge past $100 a barrel in London doesn’t reflect any deficit in supply.

Football: Armenia dropped 2 places in FIFA world ranking, appearing 62nd in the list with 512 points. Armenia’s rivals in European Championship Group stage are listed as follows: Russia climbed to 12th position, Slovakia retained 20th position; Ireland came 35th; Andorra - 202nd. Top three are Spain, Netherlands and Germany with 1887, 1723 and 1485 points respectively.

Armenian IT field registered 15% growth in 2010. The turnover in the field totaled $150mln against $129.9mln last year. The field employs 5 thousand specialists, with 197 companies operating. At that, government financing of the IT field totaled AMD 80mln (as in 2010), what is 60% less than in 2009, when AMD 200mln was assigned.

Consumption of vodka grows when political problems emerge, according to chairman of the Union of Armenian Winemakers Avag Harutyunyan. It’s not a secret that political situation gets more tensed, with the false start to the 2012 parliamentary election given.To prove his viewpoint, he presented the statistical data on alcoholic drinks in Armenia.

Over the past week, cultural life in Armenia and abroad featured a number spectacular events.