December 18, 2024
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Lebanon: 12 Martyrs Including 3 Children in Airstrike on Al-Matn

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Category : Economy & Business

Economy & Business

Swedish Central Bank Cuts Interest Rates for the First Time in 8 Years – Decrease in Loan Interest Rates

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by admin10147
FALCON POWERS – The Swedish central bank has announced a decision to reduce the key interest rate by 0.25%, marking the first rate cut in eight years. The new benchmark interest rate is set at 3.75%. Over the past eight years, interest rates in Sweden have gradually risen from low......
Economy & Business

Strong Dollar Gains and Japanese Warning as Yen Weakens

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by admin1095
FALCON POWERS – The dollar recorded a strong performance on Wednesday, recovering some of the losses caused by renewed bets on the Federal Reserve’s interest rate cuts this year, while the yen declined for the third consecutive day, raising concerns among investors about the possibility of intervention by Tokyo. In......
Economy & Business

“Saudi Finance Minister: Budget Deficit is Intentional”

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by admin1074
Falcon powers – Saudi Finance Minister, Mohammed Al-Jadaan, downplayed concerns over the Saudi budget deficit and its potential impact on the economy. In an interview with “Al-Eqtisadiah,” the Saudi minister stated that managing the budget deficit is one of the government’s top priorities, and it is implementing strategies and policies......
Economy & Business

“United States Cancels Some Chip Supply Licenses to Huawei”

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by admin1096
Falcon powers – The U.S. Department of Commerce announced that it has revoked some licenses that allow companies to ship goods such as chips to Chinese company Huawei, which manufactures mobile phones and personal computers. The decision comes after Huawei launched its first artificial intelligence-compatible personal computer, the “MateBook X......
Economy & Business

Australian airline Qantas agrees payouts over ‘ghost flights’

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by admin1094
FALCON POWERS – Australia’s biggest airline Qantas agrees million-dollar settlement after being accused of selling thousands of tickets for flights it had already cancelled. The A$100m (€61m) penalty deal comes after the Australian Competition and Consumer Commission (ACCC) sued the Sydney-based airline in the Federal Court last year. The commission......
Economy & BusinessEuropean

EU Policy. China dominating soaring global clean tech industry

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by admin1084
FALCON POWERS – EU’s goal to increase domestic manufacturing capacity for net-zero technologies faces stiff competition from China. Investment in clean technologies such as solar photovoltaics (PV), batteries, wind power, electrolysers and heat pumps soared by 70% last year with China accounting for three-quarters of global investments, according to a......
Economy & Business

Watch How Starbucks Stock Plummeted Amid Gaza Support Boycott (Chart)

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by admin10111
Falcon powers – Supporters of Israel face significant losses, including American coffee chain Starbucks, due to the boycott stemming from the Israeli war on Gaza. Starbucks has experienced a decline in sales, leading to a drop in its stock price amid a selling wave. The company’s stock finished Friday’s trading......
Economy & BusinessEuropean

Swedish Company Biltema Donates 2.5 Million SEK to Support Gaza Doctors

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by admin1073
Falcon powers – Swedish company Biltema has announced a donation of 2.5 million Swedish krona to support medical care, emergency services, and healthcare work in Gaza through the organization Médecins Sans Frontières (Doctors Without Borders) in Gaza. Biltema stated that the humanitarian situation in Gaza is extremely dire, and the......