Category : Economy & Business

Economy & Business

Two New German Power Lines to Transport Cheap Offshore Wind Electricity

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FALCON POWERS – The German government is planning to accelerate the expansion of the electricity grid to achieve “secure and affordable” electricity supplies and to eliminate “bottlenecks in electricity supplies within the German grid”. This will be done through two major new power lines to transport offshore wind power. The......
Economy & Business

Swedish Central Bank’s Forecast: Two or Three Rate Cuts This Year

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Falcon powers – The Swedish Central Bank (Riksbanken) announced in a press release that the interest rate will remain unchanged at 3.75%, which was as expected. The statement read: “New information suggests that inflationary pressures are largely in line with forecasts. The interest rate will remain unchanged at 3.75%, in......
Economy & BusinessThe Middle East

Produced a drink with Israeli knowledge: A campaign in Lebanon against PepsiCo in solidarity with Palestine

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FALCON POWERS – Lebanese media reported the launch of a campaign to prevent PepsiCo vehicles from entering and distributing their products in several towns, in solidarity with Gaza and in support of the boycott campaign against companies supporting Israel. The website “Lebanon 24” reported that the first PepsiCo pickup truck......
Economy & BusinessThe Middle East

Shipping groups call for urgent action in the Red Sea after second ship sinks

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FALCON POWERS – Major shipping groups said on Wednesday that urgent action must be taken in the Red Sea to stop attacks by Yemen’s Houthi group on commercial vessels, after a second ship sank. In November, the Iran-aligned Houthi group began targeting ships in the Red Sea with drones and......
Economy & Business

Massive Gap – China Surpasses the US by 15 Years in Nuclear Power

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FALCON POWERS – A recent report stated that the United States is lagging behind China by up to 15 years in the development of advanced nuclear power, as Beijing is outpacing the US thanks to its state-backed technical approach and extensive financing. A study conducted by the Information Technology and......
Economy & BusinessEuropean

The Cost of Underutilizing Migrant Skills: EU Loses Billions to “Brain Waste

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Migrants with Skills, Yet Jobless: What’s the Impact? FALCON POWERS – Imagine possessing a university degree and vast professional experience but still struggling to find a job that matches your qualifications. This scenario, common among migrants in Europe, refers to a phenomenon known as “brain waste.” At its core, “brain......
Economy & BusinessInternational

U.S. Vice President Announces $1.5 Billion in Assistance for Ukraine

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FALCON POWERS – U.S. Vice President Kamala Harris announced over $1.5 billion in assistance, with a portion dedicated to Ukraine’s energy sector and improving the humanitarian situation in the country amid the ongoing Russian invasion of over 27 months. The announcement came during Harris’ attendance at the Ukraine Peace Summit......
Economy & Business

Oil Prices Strengthen Gains Amid Optimism Over Demand Increase

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FALCON POWERS – Oil prices rose on Wednesday, supported by optimistic forecasts from the U.S. Energy Information Administration (EIA) and the Organization of the Petroleum Exporting Countries (OPEC) regarding an increase in demand. By 11:01 GMT, Brent crude futures rose 81 cents, or 0.99%, to $82.73 per barrel. U.S. West......