Tag : china

European

After the stock market collapse: Forecasts for the Swedish economy in a new phase of recession and unemployment

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FALCON POWERS – The global stock markets have experienced a sharp decline at the start of this week’s trading, and the Swedish stock exchange on Monday, August 5th, saw a sharp decline that economists considered an “collapse in stock values”. Although there were external reasons that led to collapses in......
European

UN Calls for “Urgent” Action in the Middle East

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FALCON POWERS – The UN High Commissioner for Human Rights, Volker Türk, called for urgent action to stop the escalation in the Middle East, amid concerns of an expansion of the Gaza war. Türk said in a statement: “I am deeply concerned about the growing risk of a larger-scale conflict......
Economy & Business

Unemployment Rate in the Euro Area Rises Slightly in June

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FALCON POWERS – The unemployment rate in the euro area rose slightly during the month of June, according to data from the European statistics office Eurostat. The unemployment rate reached 6.5% in June, compared to 6.4% in May, and has remained unchanged since June 2023. Economists had expected the unemployment......
International

China Condemns “False American Accusations”

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FALCON POWERS – Chinese Foreign Minister Wang Yi, on Saturday, during his meeting with his American counterpart Anthony Blinken, condemned the American “false accusations” against Beijing of supporting Moscow in its war on Ukraine. Wang told Blinken during their meeting in Vientiane, the capital of Laos, that China will take......
International

Chinese Foreign Minister Warns Philippines Against Deployment of U.S. Missiles

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FALCON POWERS – Chinese Foreign Minister Wang Yi warned the Philippines against deploying U.S. intermediate-range missiles, saying such a move could fuel regional tensions and trigger an arms race. The United States had earlier this year sent the Typhoon missile system to the Philippines as part of joint military exercises.......
European

The European Court of Justice Rejects TikTok’s Appeal Against the Legality of the New European Digital Rules

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FALCON POWERS – The European Union, through the issuance of this law, aimed to prevent these companies from taking actions that could be anti-competitive. It imposes strict rules on institutions whose practices in the past have led to fines estimated at billions of dollars and tax decisions taken by the......