Tag : business

Economy & Business

IMF Maintains Global Growth Forecasts for 2024

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FALCON POWERS – The International Monetary Fund (IMF) kept its global growth forecast for 2024 unchanged at 3.2% on Tuesday, while expecting improvements in growth in China and India, and maintaining its previous estimates for advanced economies. In the third and final update to its annual report on the global......
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

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......
Economy & Business

The Dollar Declines Ahead of Powell’s Testimony, Euro Holds Firm After the French Elections

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FALCON POWERS – The dollar hovered on Tuesday near its lowest level in around a month against a basket of major currencies, as the fallout from Friday’s jobs report continued and investors awaited testimony from Federal Reserve Chair Jerome Powell on the path of monetary policy. The euro held its......
News Variety

Upcoming Hyundai Car May Feature Gear Shift Indicator Lights Mounted on the Steering Wheel, Similar to Ferrari Cars

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FALCON POWERS – The patent filing reveals the company’s idea to simplify the car control process. Race cars can serve as test beds for technologies that ultimately end up in the vehicles we purchase, such as gear shift indicator lights mounted on the steering wheel. This is not a new......
News Variety

Replacing iPhone batteries will become easier thanks to Apple’s new technology

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FALCON POWERS – Apple is working on developing a new technology that will make it easier to remove and replace iPhone batteries than before, according to a technical report from “The Informist”. This new technology is expected to be implemented with the release of the new “iPhone 16” models. The......