WB chief: U.S. won’t sink into another recessionSeptember 6, 2011 - 10:59 AMT PanARMENIAN.Net - World Bank chief Robert Zoellick voiced confidence Tuesday, September 6, that the United States will not sink into another recession, amid widespread worries over the state of the world's biggest economy, AFP reported. "I don't believe (the) United States and the world will go into a double dip," Zoellick told a news conference in Singapore, in response to a question on the subject. Zoellick's comments came as global financial markets have tumbled in recent days, pulled down by renewed fears that the U.S. economy could slip back into recession, a so-called 'double-dip'. Most Asian markets were lower Tuesday, still reeling from the latest batch of U.S. jobs data for August released last Friday, which was the worst since September 2010 and renewed fears over sovereign debt in Europe. The closely monitored U.S. non-farm payrolls report revealed that the economy created no jobs in August, leaving the unemployment rate at a stubbornly high 9.1 percent. 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 | About 32,000 rally in Yerevan to deman Pashinyan’s resignation About 31,700 people attended an opposition rally on Thursday, May 9 in Yerevan demanding the resignation of Prime Minister Nikol Pashinyan. Armenian, Azerbaijani Foreign Minister to meet in Almaty Armenian Foreign Minister Ararat Mirzoyan and his Azerbaijani counterpart Jeyhun Bayramov will meet in Almaty. Viva-MTS: Tech solutions to modernize infrastructure of border village The border village has been the focus of Viva-MTS and the Foundation for the Preservation of Wildlife and Cultural Values since 2015. Ucom's fixed network launched in Artashat To mark this occasion, the company has introduced a special offer exclusively for Artashat residents. |