Tag : business

News Variety

Elon Musk Threatens Bill Gates Over Tesla… “I’ll Wipe You Out if You Repeat It”

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FALCON POWERS – Elon Musk, the founder of Tesla, warned Microsoft co-founder Bill Gates that he will destroy his fortune if he attempts to short Tesla’s stock, according to a report by Fortune magazine on Tuesday. Musk believes that he will turn Tesla into a $30 trillion artificial intelligence giant,......
European

Spanish police dismantle Malaga crime group forcing women into prostitution

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FALCON POWERS – The gang abused at least 500 women across four brothels in Costa del Sol, authorities said. The Spanish National Police have dismantled a major criminal organisation in Malaga that has forced hundreds of women into prostitution, authorities said Wednesday. Law enforcement arrested 25 people and freed at......
European

Shoplifting in Swedish Stores Rises to 10.5 Billion Kronor Annually “Clothing, Food, and Electronics”

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FALCON POWERS – According to a report published by Swedish media, shoplifting in Sweden is accelerating at a rapid pace, and sometimes the security measures taken by Swedish stores are unable to stop the bleeding of theft. Some affected stores have indicated that they can barely continue operating and may......
Economy & Business

Tunisia Repays $3.7 Billion in Loans in the First Half of 2024

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FALCON POWERS – On Tuesday, Tunisian Finance Minister Sihem Boughdiri Nemsia announced that Tunisia had repaid 11.6 billion dinars ($3.7 billion) in outstanding foreign loans during the first half of the current year. This came in statements by the Finance Minister during a session of the Tunisian Parliament to approve......
Economy & Business

Chinese government bonds are on fire. That’s ringing alarm bells in Beijing

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FALCON POWERS – Money is rushing into Chinese government bonds, sending their prices soaring and yields plunging to record lows as investors hunt for a safer alternative to the country’s ravaged real estate market and volatile stocks. The yield on China’s onshore 10-year government bond, which is a benchmark for a wide......
Economy & BusinessLebanon and Gaza War

Israel Extends Cooperation Between Israeli and Palestinian Banks

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FALCON POWERS – According to a spokesperson for the Israeli Finance Minister, the Minister has extended a grace period that allows cooperation between the Israeli banking system and Palestinian banks in the West Bank. The grace period, which was originally set to expire at the end of June, enables Israeli......
Economy & Business

Two New German Power Lines to Transport Cheap Offshore Wind Electricity

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FALCON POWERS – The German government is planning to accelerate the expansion of the electricity grid to achieve “secure and affordable” electricity supplies and to eliminate “bottlenecks in electricity supplies within the German grid”. This will be done through two major new power lines to transport offshore wind power. The......
Economy & Business

Swedish Central Bank’s Forecast: Two or Three Rate Cuts This Year

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Falcon powers – The Swedish Central Bank (Riksbanken) announced in a press release that the interest rate will remain unchanged at 3.75%, which was as expected. The statement read: “New information suggests that inflationary pressures are largely in line with forecasts. The interest rate will remain unchanged at 3.75%, in......
News Variety

Before 2030… Artificial Intelligence will eliminate these jobs

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FALCON POWERS – Generative Artificial Intelligence technology has seen remarkable development since the end of 2022 until today. This rapid progress is part of the modern technological revolution and an important turning point in the history of technologies that work to make automated systems mimic human intelligence. The continued progress......