Tag : china

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

Moscow: Russian Forces Control 4 Towns in Kharkiv

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FALCON POWERS – The Russian Ministry of Defense announced on Sunday that Russian army forces have gained control over four new towns in the Kharkiv region of Ukraine, which borders Russia. In a statement, the ministry said, “Units from the Northern Group of Russian forces advanced towards the enemy’s defense......
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......
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,......