Tag : china

International

What do we know about the Vietnamese billionaire sentenced to death for a $44 billion fraud?

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FALCON POWERS – The trial of a Vietnamese billionaire is considered one of the most sensational ever, fitting for one of the largest banking fraud schemes the world has ever seen. Behind the grand yellow facade of the colonial-era courthouse in Ho Chi Minh City, the 67-year-old Vietnamese property developer......
InternationalNews Variety

126 Artists Withdraw from “Great Escape” Music Festival in the UK in Protest Against Sponsor’s Links to Israel

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Falcon powers – Over 100 artists have withdrawn from the “Great Escape” music festival in the United Kingdom, protesting against the alleged ties of the event’s sponsor, Barclays Bank, to Israel and its investment in companies that supply weapons to Israel. Multiple sources have indicated that 126 artists have withdrawn......
European

In pictures: Northern Lights dazzle around the world

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Falcon powers – Large parts of the world got a rare glimpse of the Northern Lights on Friday night, after one of the strongest geomagnetic storms to hit Earth for years. These events increase chances of the lights being visible, and the last time there was such a strong storm......
Economy & Business

Egypt Working to Convince Apple to Manufacture Its Phones in Egypt

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Falcon powers – Egyptian Prime Minister Mostafa Madbouly has revealed that his government is working to convince the American company Apple to manufacture its phones in Egypt. Madbouly added that efforts are underway to persuade Apple to open a factory in Egypt, and that out of the top 5 mobile......
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......