Category : Economy & Business

Economy & Business

Russia: Seizing Our Assets Will Be the “Final Nail” in the Coffin of the Western Economy!!

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Falcon powers – The Kremlin spokesperson, Dmitry Peskov, affirmed that the potential seizure of Russian assets would be the “final nail” in the coffin of the Western economic system. Peskov mentioned in an interview with the program “Moscow Kremlin Putin” published by journalist Pavel Zarubin on Telegram today, Sunday: “In......
Economy & Business

Major Swedish Real Estate Company Declares Bankruptcy After Failing to Repay Debts of Up to One Billion Krona

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FALCON POWERS – Warnings of bankruptcy for Swedish companies due to the recession and inflation hitting Sweden are starting to emerge, affecting hundreds of small and medium-sized companies as well as large corporations. Today, the Stockholm court announced that it has received a bankruptcy application from one of the largest......
Economy & Business

Snap’s Revenues Exceed Expectations in Q1, but Advertiser Attraction Remains Challenging

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FALCON POWERS – Snap Inc., the company behind the Snapchat application, reported higher-than-expected revenues in the first quarter of the year, reaching around $1.2 billion, a 21% increase year-over-year. However, the social media network for teenagers is facing difficulties in attracting advertisers. In a statement released on Thursday regarding its......
Economy & BusinessEuropean

Swedish Government: Defense Budget Increase by 1,000 Billion Kronor… Disagreement on Funding Source?

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FALCON POWERS – The Swedish government has embarked on a significant increase in the defense budget, raising it to 2.5% of the gross domestic product until the year 2030. This amounts to approximately $100 billion or around 1.1 trillion Swedish kronor. The total amount of the budget is 1,000 billion......
Economy & BusinessEuropean

Ministers of Germany, Brazil, South Africa and Spain: why we need a global tax on billionaires

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FALCON POWERS – hen the governors of the World Bank and the International Monetary Fund convened for the spring meetings last week, it was all about the really big questions. What can the international community do to accelerate decarbonisation and fight climate change? How can highly indebted countries retain fiscal......
Economy & Business

Oil prices rose after US crude inventory data.

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Falcon powers – Oil prices rose in Thursday’s trading following US data indicating a larger-than-expected decline in crude inventories. By 09:20 Moscow time, futures for US crude oil, West Texas Intermediate (WTI), were trading at $82.96 per barrel, up 0.18% from the previous closing price. Meanwhile, futures for the global......