Tag : business

Economy & Business

US set to raise tariffs on Chinese electric vehicles next week

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FALCON POWERS – US President Joe Biden is set to announce new China tariffs next week, including an increase in levies on electric vehicle imports, according to media reports. The levy on Chinese EVs is set to quadruple, the Wall Street Journal reported. US trade officials are expected to raise the tariff rate to roughly 100 per cent,......
International

Thousands Protest in Georgia Against Foreign Agents Law, US Expresses Concern

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FALCON POWERS – Approximately 50,000 people took part in a peaceful march through the rain-soaked streets of the Georgian capital on Saturday to voice their opposition to the proposed “Foreign Agents” law, after the United States stated that the country must choose between a law “modeled on the Kremlin” or......
Economy & Business

Swedish Central Bank Cuts Interest Rates for the First Time in 8 Years – Decrease in Loan Interest Rates

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FALCON POWERS – The Swedish central bank has announced a decision to reduce the key interest rate by 0.25%, marking the first rate cut in eight years. The new benchmark interest rate is set at 3.75%. Over the past eight years, interest rates in Sweden have gradually risen from low......
Economy & Business

Strong Dollar Gains and Japanese Warning as Yen Weakens

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FALCON POWERS – The dollar recorded a strong performance on Wednesday, recovering some of the losses caused by renewed bets on the Federal Reserve’s interest rate cuts this year, while the yen declined for the third consecutive day, raising concerns among investors about the possibility of intervention by Tokyo. In......
InternationalNews Variety

Porn Actress Claims to Have Lost Consciousness Prior to Having Sex with Trump

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FALCON POWERS – Adult film star Stormy Daniels testified in the criminal trial of former US President Donald Trump on Tuesday, stating that he had engaged in sexual intercourse with her in his hotel suite in 2006. Daniels (45 years old) said she met Trump at a golf tournament near......
Economy & Business

“Saudi Finance Minister: Budget Deficit is Intentional”

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Falcon powers – Saudi Finance Minister, Mohammed Al-Jadaan, downplayed concerns over the Saudi budget deficit and its potential impact on the economy. In an interview with “Al-Eqtisadiah,” the Saudi minister stated that managing the budget deficit is one of the government’s top priorities, and it is implementing strategies and policies......
Economy & Business

“United States Cancels Some Chip Supply Licenses to Huawei”

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Falcon powers – The U.S. Department of Commerce announced that it has revoked some licenses that allow companies to ship goods such as chips to Chinese company Huawei, which manufactures mobile phones and personal computers. The decision comes after Huawei launched its first artificial intelligence-compatible personal computer, the “MateBook X......
International

Why is the US bill on anti-Semitism so controversial?

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Expanding the definition to include anti-Zionism could have a chilling effect on free speech, civil liberties groups warn FALCON POWERS – As Washington seeks to crack down on campus anti-Gaza war protests, the US House of Representatives overwhelmingly passed a bill that expands the definition of anti-Semitism. Senators were on......
Economy & Business

Australian airline Qantas agrees payouts over ‘ghost flights’

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FALCON POWERS – Australia’s biggest airline Qantas agrees million-dollar settlement after being accused of selling thousands of tickets for flights it had already cancelled. The A$100m (€61m) penalty deal comes after the Australian Competition and Consumer Commission (ACCC) sued the Sydney-based airline in the Federal Court last year. The commission......