Tag : china

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......
News Variety

How dependent is China on US artificial intelligence technology?

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FALCON POWERS – The Biden administration plans to put guardrails on U.S.-developed artificial intelligence (AI) models that power popular chatbots like ChatGPT to safeguard the technology from countries such as China and Russia, Reuters has reported. But China in the past year has built its own domestic generative AI industry and......
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......
European

Russia Warns It Will Target French Forces if Deployed to Ukraine

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FALCON POWERS – Russia issued a warning to France on Wednesday, stating that if French President Emmanuel Macron were to send forces to Ukraine, the Russian military would consider them legitimate targets. Macron sparked controversy in February when he stated that he did not rule out sending ground troops to......
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

Chinese President Vows to “Never Forget” NATO Bombing of Embassy in Belgrade 25 Years Ago

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Falcon powers – Chinese President Xi Jinping has stated that the NATO attacks on the Chinese embassy in Belgrade 25 years ago should not be forgotten, just hours before his visit to Serbia as part of his European tour. In an article published by the Serbian newspaper “Politika” on Tuesday,......
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

Watch How Starbucks Stock Plummeted Amid Gaza Support Boycott (Chart)

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Falcon powers – Supporters of Israel face significant losses, including American coffee chain Starbucks, due to the boycott stemming from the Israeli war on Gaza. Starbucks has experienced a decline in sales, leading to a drop in its stock price amid a selling wave. The company’s stock finished Friday’s trading......
International

Pro-Palestinian protesters at USC comply with school order to leave their encampment

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Falcon powers – Protesters began leaving a Pro-Palestinian encampment at the University of Southern California early Sunday after they were surrounded by police and told they could face arrest if they didn’t go. The move, days before commencement events are set to begin on the Los Angeles campus, came after......
News Variety

British Scientific Team Reconstructs a Neanderthal Woman’s Head

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FALCON POWERS – British researchers have successfully reconstructed the head and face of a woman from the era of primitive humans (Neanderthals) who lived approximately 75,000 years ago. A documentary titled “Secrets of the Neanderthals,” produced by the BBC and available for streaming on Netflix starting Thursday, tells the story......