Category : Economy & Business

Economy & Business

China Approves Construction of 11 New Nuclear Reactors

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FALCON POWERS – China has approved the construction of 11 new nuclear reactors at five locations, according to state media, as the country continues its efforts to curb emissions from fossil fuels. Chinese Premier Li Qiang chaired an executive meeting of the State Council on Monday that gave the green......
Economy & Business

Swedish Statistics Agency: Economic Indicators in Sweden Are Very Weak, Pointing to a Deep Recession!

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FALCON POWERS – The Swedish Statistics Agency has issued a new report indicating that the Swedish economy has very weak indicators, according to the report’s description. The agency also noted that the state of the Swedish economy is extremely poor and still suffering from a deep recessionary crisis. In a......
Economy & Business

Unemployment Rate in the Euro Area Rises Slightly in June

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FALCON POWERS – The unemployment rate in the euro area rose slightly during the month of June, according to data from the European statistics office Eurostat. The unemployment rate reached 6.5% in June, compared to 6.4% in May, and has remained unchanged since June 2023. Economists had expected the unemployment......
Economy & BusinessInternational

U.S. and European Stocks Decline After Global Technical Outage

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FALCON POWERS – U.S. stocks continued their decline today, Saturday, as the chaos associated with a global technical glitch due to a software failure increased the uncertainty in the already turbulent market, while European stocks also declined. This widespread global technical disruption led to the disruption of operations in many......
Economy & BusinessEuropean

Germany Moves Towards New Taxes, Rise in Airfare Prices

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FALCON POWERS – The German government is moving towards imposing new taxes on domestic flights in hopes of reducing demand and increasing the fight against air pollution from emissions. Like other countries, Germany finds itself unable to fulfill the ambitious commitments it made under the 2016 Paris Climate Agreement. Now,......
Economy & Business

IMF Maintains Global Growth Forecasts for 2024

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FALCON POWERS – The International Monetary Fund (IMF) kept its global growth forecast for 2024 unchanged at 3.2% on Tuesday, while expecting improvements in growth in China and India, and maintaining its previous estimates for advanced economies. In the third and final update to its annual report on the global......
Economy & BusinessNews Variety

Climate Risks Increasingly Impact Oil Prices

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FALCON POWERS – Climate risks such as wildfires, hurricanes, and natural disasters are becoming increasingly important factors in determining prices in oil markets, as the world continues to grapple with the difficulty of moving away from fossil fuels. The recent Hurricane Bree, one of the latest extreme weather events, raised......
Economy & BusinessLebanon and Gaza War

The “Israeli” Port of Eilat Officially Declares Bankruptcy and Ceases Operations Due to Houthi “Yemen” Attacks

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Falcon powers – The Israeli port of Eilat, one of Israel’s largest ports, located in the southernmost city of Eilat, has officially declared bankruptcy after more than eight months of complete paralysis in its commercial activity due to attacks by the Yemeni Houthi group in the Red Sea. Although the......