Tag : Billionaires

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......
Economy & Business

PayPal fined $27.3 mln by Polish watchdog for ambiguous clauses

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FALCON POWERS –  Poland’s antitrust and consumer protection watchdog imposed a fine of 106.6 million zlotys ($27.3 million) on PayPal Europe for failing to spell out to consumers in its contractual clauses activities for which they may be fined, UOKiK said on Monday. UOKiK said that prohibited activities which could......
Economy & Business

Swatch Group Suffers Significant Profit Decline in First Half Due to Chinese Market

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FALCON POWERS – The Swiss watch group Swatch recorded a decline in its profits during the first half of the year due to the crisis in the luxury goods market in China, and the company warned on Monday that the difficulties in its main market will continue for the rest......
International

US post-war Gaza plans collide with President Biden’s faltering campaign

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FALCON POWERS – Arab Gulf states are hedging their bets on Donald Trump’s return to the White House, telling the former president’s surrogates they are waiting in the wings for his new administration, in an unexpected hitch to the Biden administration’s Middle East diplomacy. The Gulf States’ calm response to......
InternationalNews Variety

The Earth is Burning… Last Month was the Hottest in Human History

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FALCON POWERS – The climate change crisis plaguing the world is intensifying, worsening day by day at an accelerating rate, as heat continues to scorch the globe, increasing the likelihood of unprecedented natural and environmental disasters that pose a grave threat to humanity. Official figures released by European monitoring centers......
Economy & Business

UK economy bounces back faster than expected, boosted by the construction sector

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FALCON POWERS – The British economy recovered significantly in May, providing an early boost for the new Labour government as it strives to revive the country’s growth prospects. Data from the UK’s Office for National Statistics released on Thursday showed that Britain’s gross domestic product (GDP) grew by 0.4% month-on-month......
Economy & Business

Eurozone Investor Confidence Plunges

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FALCON POWERS – Investor confidence in the Eurozone has plummeted sharply this month, with their confidence in both the current state of the economy and their future expectations declining amid geopolitical concerns. The confidence index issued by the Sentix research institute fell to -7.3 points this month, compared to 0.3......