Economy
16:46 13/10/2015
VW to cut investment in core brand to cope with scandal
Volkswagen will cut investment plans at its biggest division by 1 billion euros ($1.1 billion) a year and step up development of electric vehicles, it said on Tuesday, as it battles to cope with the fallout from its cheating of diesel emissions tests, Reuters reported.
The German company also said it would speed up cost cutting at the VW division, its largest by revenues, and put only the latest and "best environmental technology" in diesel vehicles.
Europe's largest carmaker is battling the biggest business crisis in its 78-year history after admitting last month it installed software in diesel vehicles to deceive U.S. regulators about the true level of their toxic emissions.
The scandal has wiped about a quarter off its market value, forced out its long-time chief executive and rocked both the global car industry and the German economy.
Տեքստում սխալ կամ վրիպակ նկատելու դեպքում, ուղարկեք խմբագրին հաղորդագրություն` նշելով տվյալ սխալը, այնուհետև սեղմելով Ctrl-Enter:
Newsfeed
17:00
Artur Vanetsyan to be a guest on Imnemnimi podcast on December 25
Artur Vanetsyan, the leader of the Homeland Party and the former director of Armenia’s National Security Service (NSS), will be a guest on...
Source Panorama.am
16:46
Dry weather expected on Monday
Dry weather is expected in Armenia's regions on Monday and later this week.
Light snow is forecast for some parts of the country...
Source Panorama.am
16:24
Hayakve condemns government's indifference towards Syrian Armenians
The Hayakve initiative has expressed concern about the fate of Syrian Armenians following the change of government in Syria.
“We...
Source Panorama.am
15:34
Politician slams Pashinyan's Artsakh claims as 'a blatant lie'
Opposition politician Eduard Sharmazanov, a senior member of the former ruling Republican Party of Armenia (RPA), has lambasted Armenian Prime...
Source Panorama.am
14:33
Bashar al-Assad's wife reportedly files for divorce
The British wife of Syria’s deposed president Bashar al-Assad, Asma al-Assad, has filed for divorce after expressing dissatisfaction with...
Source Panorama.am
14:07
Opposition MP: Armenian leaders focused on justifying themselves amid Azerbaijan's military buildup
The intensive mutual visits of Azerbaijani and Turkish military officials are largely part of a plan to reform Azerbaijan’s armed forces,...
Source Panorama.am
13:30
Trump pledges to stop 'transgender lunacy'
President-elect Donald Trump on Sunday pledged to "stop the transgender lunacy" on day one of his presidency, AFP reported....
Source Panorama.am
13:08
Yerevan mayor addresses criticism over expensive US trip
Yerevan Mayor Tigran Avinyan has addressed criticism over his expensive flight tickets for a trip to the U.S. in November.
The...
Source Panorama.am
12:34
Famous ophthalmologist Alexander Malayan dies at 76
Renowned ophthalmologist Alexander Malayan has passed away at the age of 76, YSMU Rector Armen Muradyan broke the news on Facebook on...
Source Panorama.am
12:15
Boy injured as drones fall from sky at Florida holiday show
A holiday drone show in Florida was forced to cancel its second performance due to an injury this weekend.
Andrea Otero, the City of Orlando...
Source Panorama.am
12:06
Armenia ballet artists perform 'The Nutcracker' in Italy
Ballet artists from the Yerevan Opera Theater have started a concert tour to Italy to perform their adaptation of Pyotr Tchaikovsky's...
Source Panorama.am
11:35
Pashinyan admits 'a big mistake' over Karabakh negotiation process
Armenian Prime Minister Nikol Pashinyan claims the Nagorno-Karabakh negotiation process completely focused on its return to Azerbaijan since the...
Source Panorama.am
11:15
Drivers warned about icy roads in Armenia's Syunik
The Rescue Service has warned drivers about road closure in Armenia on Monday morning.
In particular, the road linking the Amberd high...
Source Panorama.am
11:00
Putin meets Slovak PM in Moscow
Russian President Vladimir Putin held surprise talks with Slovak Prime Minister Robert Fico at the Kremlin on Sunday to discuss the future of...
Source Panorama.am
17:30
Expert blasts My Step Foundation's 'unacceptable' response to Panorama.am
Shushan Doydoyan, President of the Freedom of Information Center of Armenia (FOICA), has denounced the My Step Charitable Foundation’s...
Source Panorama.am
16:30
US avoids government shutdown with last-minute funding bill
The US Senate has voted to pass a budget deal to avert what would be the first federal government shutdown since 2019, only hours after the...
Source Panorama.am
16:01
Barack Obama's top 10 movies of 2024 includes ‘Anora' starring Armenian actors
Barack Obama has shared his favorite movies of the year, continuing what has become an annual list-making tradition from the former...
Source Panorama.am
15:36
None of Baku's demands meets strong opposition from Pashinyan's government, MP says
Prime Minister Nikol Pashinyan’s government does not strongly oppose any of the demands listed by Azerbaijani President Ilham Aliyev for a...
Source Panorama.am
15:00
WhatsApp wins legal case against Pegasus spyware maker
WhatsApp has prevailed against Israeli spyware maker NSO Group in a US lawsuit over NSO’s abuse of the messaging app to enable the...
Source Panorama.am
14:34
Armenian woman named Female Business Leader of the Year
Amalya Yeghoyan, Executive Director of the Gyumri Information Technologies Center (GITC), has been named the Female Business Leader of the...
Source Panorama.am
14:01
Saturday is the winter solstice and 2024's shortest day
The 2024 winter solstice, the shortest day of the year, happens on Saturday, Dec. 21, in the Northern Hemisphere. The celestial event signifies...
Source Panorama.am
13:36
Light snow expected in parts of Armenia
Dry weather is expected in Armenia’s regions on Saturday, Monday and later next week.
Light snow is forecast for some parts of the...
Source Panorama.am
13:06
'A new level of cynicism': UJA slams My Step Foundation's response to Panorama.am
The Union of Journalists of Armenia (UJA) on Friday issued a statement denouncing the My Step Foundation’s inappropriate response to...
Source Panorama.am
12:30
Turkish FM calls for fair approach in promoting Armenia-Azerbaijan peace process
Foreign Minister Hakan Fidan held a meeting with German Foreign Minister Annalena Baerbock in Ankara on Friday.
They discussed, among other...
Source Panorama.am
12:05
Ruben Vardanyan held in 'complete isolation' in Baku prison, his son says
David Vardanyan, the son of former Artsakh State Minister Ruben Vardanyan, has revealed that his father is being held in “complete...
Source Panorama.am
11:31
Pashinyan extends birthday greetings to Macron
Armenian Prime Minister Nikol Pashinyan sent a congratulatory message to French President Emmanuel Macron on his birthday. Below...
Source Panorama.am
11:17
Armenian church commemorates St Abgar
The Armenian Apostolic Church on Saturday commemorates St Apkar (Abgar), a martyr of the church and our first Christian King....
Source Panorama.am
11:05
Magnitude 4.5 earthquake hits Artsakh, felt in Armenia
A magnitude 4.5 earthquake struck Artsakh (Nagorno-Karabakh) last night.
The quake occurred 30 km south of the town of Karvachar (Kelbajar)...
Source Panorama.am
17:06
Armenia-Azerbaijan peace efforts remain 'an area of vital importance' to Biden administration – State Dept.
The Biden administration will continue working on the normalization of Armenian-Azerbaijani relations until the last day in office, State...
Source Panorama.am
16:39
Artur Vanetsyan issues message on National Security Officer's Day
Major-General Artur Vanetsyan, the former director of Armenia's National Security Service, issued a congratulatory message on the National...
Source Panorama.am
Videos
17:32 20/02/2023
Artur Vanetsyan: I think you'll see me more often at various events in future
17:35 20/02/2023
Armenian expert: U.S. stance on Karabakh remains unchanged
13:59 09/02/2023
Premature births increase in Artsakh due to stress
12:43 09/01/2023
Snow-covered Yerevan
15:41 15/12/2022
Gegham Stepanyan calls for sanctions against criminal Azerbaijan
11:45 29/11/2022
Memorial plaque honoring Yeghishe Charents inaugurated in Yerevan
