Tag : business

Economy & Business

Final manufacturing figures show Eurozone inching towards recovery in May

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FALCON POWERS – The index remains in negative territory but shows the smallest fall in more than a year. Spain’s economic health is looking up while Germany and France continue to show weakness. The final eurozone manufacturing PMI from Hamburg Commercial Bank (HCOB) grew to 47.3 in May, announced S&P......
Economy & Business

Egypt Approves the Largest Salary and Pension Increase in its History

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Falcon powers – The Speaker of the Egyptian House of Representatives, Hanafi Jabali, has given his final approval to the draft general budget for the new fiscal year 2024-2025, which includes the largest increase in salaries and pensions in the country’s history. Jabali stated during the general session of the......
Economy & Business

Bank of Israel Governor: Gaza War to Cost Economy around $70 Billion

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FALCON POWERS – Bank of Israel Governor, Amir Yaron, said on Thursday that the war on the Palestinian Gaza Strip will cost the Israeli budget for 2025 around 253 billion shekels ($67.4 billion) in defense spending. Yaron added that the costs of the security and civilian war are “significant” and......
Economy & Business

Brazil’s finance minister: ‘Taxing the super-rich is both an emergency and a necessity’

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Falcon powers – At the helm of this year’s G20, Brazilian Finance Minister Fernando Haddad speaks to Le Monde about taxing the wealthy and creating new international alliances. “The successor”: In Brazil, that’s how many people refer to Fernando Haddad. At 61, the former mayor of Sao Paulo and left-wing......
Economy & Business

OpenAI’s Sam Altman vows to give away most of his wealth through the Giving Pledge

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  FALCON POWERS – OpenAI CEO Sam Altman and his husband have become the newest billionaires to sign the Giving Pledge, a charity that encourages the ultra-rich to donate their wealth to philanthropic causes. In their letter, released Tuesday, Altman and husband Oliver Mulherin credited “the hard work, brilliance, generosity, and dedication......
Economy & Business

Why did Western companies backtrack on their plans to leave Russia?

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FALCON POWERS – The article discusses why many Western companies have decided to remain in Russia despite their earlier statements about withdrawing from the country following the Ukraine crisis. Companies like Avon Products, Air Liquide, and Reckitt have stayed in Russia due to increasing bureaucratic hurdles and a resurgence in......
Economy & Business

The Nigeria-Morocco Gas Pipeline Project, a Catalyst for Regional Economic Development and a Bridge Between the African and European Continents

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FALCON POWERS – Minister of Energy Transition and Sustainable Development, Leila Benali, affirmed in the House of Representatives on Monday that the Morocco-Nigeria gas pipeline project is a catalyst for regional economic development and for creating economic integration between the countries involved, as well as a link between the African......
News Variety

Microsoft Launches New AI-Powered Features for Edge Browser

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FALCON POWERS – American tech giant Microsoft has announced the launch of several new AI-powered features for its Edge internet browser, which enhance the user experience and provide unique capabilities never seen before. AI technologies enhance Edge browser capabilities: Instant translation and customized versions for enterprises According to tech reports,......
Economy & Business

Experts warn of a housing gap as construction slows in Germany

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FALCON POWERS – The number of new apartments completed annually has hardly changed since 2021, dramatically missing government targets. Germany’s Federal Statistical Office announced on Thursday that 294,400 new apartments were built in Germany last year, a yearly decline of 0.3%. This total was far below the state’s target of......