December 18, 2024
Trending now

Lebanon: 12 Martyrs Including 3 Children in Airstrike on Al-Matn

Al-Qassam: We Eliminated 15 Soldiers and Targeted Two Personnel Carriers and a…

Israeli Army: Soldiers Burning Lebanese Flag Violates Military Rules and Values

Renewed Airstrikes on Gaza; Death Toll from Jabalia Massacre Rises to 36

Hamas’s First Response to Closure of Its Office in Qatar and Departure…

UN Rapporteur: The Goal of Establishing a “Greater Israel” Threatens to Erase…

Israeli General: We Are Far from Victory in Gaza; Netanyahu Is a…

Hezbollah: We Bombed Kiryat North of Haifa with a Heavy Rocket Barrage;…

Israeli Army: 1,300 Drones Launched at Israel; We Destroyed Hezbollah’s Drone Stockpile

Have Israel’s Relations with the UN Reached a Declaration of War?

Category : Economy & Business

Economy & Business

OpenAI’s Sam Altman vows to give away most of his wealth through the Giving Pledge

admin1
by admin10169
  FALCON POWERS – OpenAI CEO Sam Altman and his husband have become the newest billionaires to sign the Giving Pledge, a charity that encourages the ultra-rich to donate their wealth to philanthropic causes. In their letter, released Tuesday, Altman and husband Oliver Mulherin credited “the hard work, brilliance, generosity, and dedication......
Economy & Business

Why did Western companies backtrack on their plans to leave Russia?

admin1
by admin10169
FALCON POWERS – The article discusses why many Western companies have decided to remain in Russia despite their earlier statements about withdrawing from the country following the Ukraine crisis. Companies like Avon Products, Air Liquide, and Reckitt have stayed in Russia due to increasing bureaucratic hurdles and a resurgence in......
Economy & Business

The Nigeria-Morocco Gas Pipeline Project, a Catalyst for Regional Economic Development and a Bridge Between the African and European Continents

admin1
by admin1091
FALCON POWERS – Minister of Energy Transition and Sustainable Development, Leila Benali, affirmed in the House of Representatives on Monday that the Morocco-Nigeria gas pipeline project is a catalyst for regional economic development and for creating economic integration between the countries involved, as well as a link between the African......
Economy & Business

Experts warn of a housing gap as construction slows in Germany

admin1
by admin10222
FALCON POWERS – The number of new apartments completed annually has hardly changed since 2021, dramatically missing government targets. Germany’s Federal Statistical Office announced on Thursday that 294,400 new apartments were built in Germany last year, a yearly decline of 0.3%. This total was far below the state’s target of......
Economy & Business

Nvidia’s earnings beat market forecasts as AI demand soars

admin1
by admin10157
FALCON POWERS – Nvidia has reported April-quarter earnings that topped market forecasts. The chipmaker announced a 10-for-1 stock split as the share price surpassed $1,000 (€923). Nvidia, the leading chipmaker, reported robust earnings for the first quarter of fiscal year 2025, driven by surging demand for artificial intelligence (AI) chips.......
Economy & BusinessInternational

Blinken: U.S.-Saudi Agreements May Be Completed “Within Weeks”

admin1
by admin1080
FALCON POWERS – On Wednesday, U.S. Secretary of State Antony Blinken said that the United States and Saudi Arabia are very close to finalizing a set of agreements in the areas of nuclear energy, security, and defense cooperation as part of a broader deal for normalization between Riyadh and Israel.......
Economy & Business

European Stocks Drop Under Pressure from Automakers and Inflation Concerns

admin1
by admin10183
FALCON POWERS – European stocks declined on Wednesday, affected by a wave of selling in automotive stocks after news of potential Chinese tariffs on imported cars, as well as stronger-than-expected UK inflation data that weighed on investor sentiment. The European automotive stocks index fell 1.9% to its lowest level in......
Economy & Business

Belgian Consumer Protection Organization Warns Against Shein Clothing

admin1
by admin10126
FALCON POWERS – The results of tests conducted by the Belgian consumer protection organization “Testachats” on children’s clothing and shoes sold on the Shein e-commerce platform have raised serious concerns due to the presence of hazardous substances exceeding limits for children. During the testing, 25 items of children’s clothing and......
Economy & Business

Dollar rises amid anticipation of Federal Reserve interest rate signals

admin1
by admin1066
FALCON POWERS – The dollar rose against the euro on Monday as investors awaited further signs on the path of U.S. interest rates following cautious comments from Federal Reserve officials, even as there were signs of slowing inflation. Fed officials are not yet ready to say that inflation is heading......
Economy & Business

China’s Fuel Oil Imports Hit Highest Level Since 2020

admin1
by admin10103
FALCON POWERS – Data from China’s General Administration of Customs showed on Monday that China’s fuel oil imports rose 10% in April compared to a year earlier to 2.93 million metric tons, the highest level since at least 2020 according to Reuters records. According to trade sources familiar with the......