Economy & Business Archives - Page 12 of 13

“The European Central Bank (ECB) keeps interest rates unchanged at a record high.”

admin1April 11, 2024April 11, 2024

by admin1April 11, 2024April 11, 2024081

Falconpowers – The European Central Bank (ECB) kept interest rates unchanged at a record high level on Thursday but sent a clearer signal that it may be preparing to cut them as inflation continues to decline in the Eurozone. The ECB, which oversees the currency of the twenty nations that......

Economy & Business European

Sweden : The deteriorating security situation is impacting the budget of the municipality of Malmö for the Eurovision Song Contest.

admin1April 10, 2024April 10, 2024

by admin1April 10, 2024April 10, 2024060

Falconpowers – The municipality of Malmö in Sweden has faced significant financial pressures due to increasing security needs for hosting the Eurovision Song Contest. This has resulted in exceeding the allocated budget for the event. The municipality of Malmö made a promise to the Swedish Television (SVT) to cover the......

Economy & Business

A whistleblower claims that Boeing’s 787 Dreamliner is flawed. The FAA is investigating

admin1April 10, 2024April 10, 2024

by admin1April 10, 2024April 10, 2024059

Falconpowers – Federal authorities say they’re investigating Boeing after a whistleblower repeatedly raised concerns with two widebody jet models, and claimed the company retaliated against him. Whistleblower Sam Salehpour, a Boeing engineer, alleges that Boeing took shortcuts when manufacturing its 777 and 787 Dreamliner jets, and that the risks could......

Economy & Business

Delta Air Lines posts a narrow Q1 profit and says travel demand remains strong despite flight scares

admin1April 10, 2024April 10, 2024

by admin1April 10, 2024April 10, 2024090

Falconpowers – Delta Air Lines eked out a narrow first-quarter profit and said Wednesday that demand for travel is strong heading into the summer-vacation season, with travelers seemingly unfazed by recent incidents in the industry that ranged from a panel blowing off a jetliner midflight flight to a tire falling......

Economy & Business

What to know about Biden’s latest attempt at student loan cancellation

admin1April 10, 2024April 10, 2024

by admin1April 10, 2024April 10, 2024070

Falconpowers – WASHINGTON – President Joe Biden is taking another shot at student loan cancellation, hoping to deliver on a key campaign promise that he has so far failed to fulfill. In a visit to Wisconsin on Monday, Biden detailed a proposal that would cancel at least some debt for......

Economy & Business

Oil prices recorded a 5% weekly gain, with Brent crude surpassing $91 per barrel.

admin1April 6, 2024April 6, 2024

by admin1April 6, 2024April 6, 2024065

Falconpowers- Oil prices rose 5% in trading for the week ending on Friday, April 5th, amid anticipation in the markets of any signs of a direct conflict between Israel and Iran that could further deepen the supply shortage. Brent crude increased by 52 cents or 0.57% to $91.17 per barrel......

Economy & Business

Former senior BlackBerry employee accuses company’s CEO of sexual harassment in lawsuit

admin1April 5, 2024April 5, 2024

by admin1April 5, 2024April 5, 2024077

Lawsuit filed in U.S. district court Wednesday, allegations have not been proven A former BlackBerry Ltd. employee has filed a lawsuit against the company and its new chief executive John Giamatteo, who she claims sexually harassed her and then retaliated against her after she reported the behaviour. The complainant, a......

Economy & Business

All billionaires under the age of 30 inherited their fortunes

admin1April 4, 2024April 4, 2024

by admin1April 4, 2024April 4, 20240100

A new study conducted by Forbes magazine found that all billionaires worldwide who are under the age of 30 have inherited their wealth from their parents or grandparents and did not create it themselves. According to the research, the number of billionaires now is higher than ever, with a total......

Economy & Business European

Commercial sexual exploitation: How Europe is profiting from forced labour

admin1April 4, 2024April 4, 2024

by admin1April 4, 2024April 4, 2024091

New research shows countries from the continent racked up an estimated $84.2 million (€78.1) from illegal forced labour per annum – despite there being more than 10 million individuals involved in the practice in Asia. Countries in Europe and Central Asia are estimated to make $84.2 million (€78.1) in illegal......

Economy & Business European

France works to find further ways to scale back on unemployment benefits

admin1April 4, 2024April 4, 2024

by admin1April 4, 2024April 4, 2024080

Support for unemployed individuals should be reformed to reduce the government deficit, according to France’s new PM. The French government wants to boost workforce numbers by changing the way it financially supports unemployed individuals. This initiative, spearheaded by Prime Minister Gabriel Attal, comes after France gave a downbeat economic update......

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