Tag : elon musk
Yen Holds Gains Ahead of BOJ, Fed Policy Decisions
FALCON POWERS – The Japanese yen held onto its gains on Monday, but sentiment remained fragile after the currency had its best weekly performance since late April on shifting interest rate expectations and a sell-off in equities. Investors are now looking to the policy decisions by the Bank of Japan......
China Condemns “False American Accusations”
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......
Is the Russian Economy Facing the Specter of a “Severe Recession”?
FALCON POWERS – The Russian economy, as one of the largest economies in the world, plays a vital role in the global economy thanks to its vast natural resources, especially oil and gas. Russia is one of the largest producers and exporters of energy, which gives it a competitive economic......
U.S. and European Stocks Decline After Global Technical Outage
FALCON POWERS – U.S. stocks continued their decline today, Saturday, as the chaos associated with a global technical glitch due to a software failure increased the uncertainty in the already turbulent market, while European stocks also declined. This widespread global technical disruption led to the disruption of operations in many......
The European Court of Justice Rejects TikTok’s Appeal Against the Legality of the New European Digital Rules
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......
Russia Tries to Attract Asian Tourists to Offset the Loss of European Visitors
FALCON POWERS – Two and a half years after the Russian invasion of Ukraine, which suddenly halted the influx of Western tourists, Russia is now trying to attract Asian visitors, whether from China or the Middle East. This shift is clearly visible in St. Petersburg, the former imperial capital famous......
IMF Maintains Global Growth Forecasts for 2024
FALCON POWERS – The International Monetary Fund (IMF) kept its global growth forecast for 2024 unchanged at 3.2% on Tuesday, while expecting improvements in growth in China and India, and maintaining its previous estimates for advanced economies. In the third and final update to its annual report on the global......
Climate Risks Increasingly Impact Oil Prices
FALCON POWERS – Climate risks such as wildfires, hurricanes, and natural disasters are becoming increasingly important factors in determining prices in oil markets, as the world continues to grapple with the difficulty of moving away from fossil fuels. The recent Hurricane Bree, one of the latest extreme weather events, raised......
PayPal fined $27.3 mln by Polish watchdog for ambiguous clauses
FALCON POWERS – Poland’s antitrust and consumer protection watchdog imposed a fine of 106.6 million zlotys ($27.3 million) on PayPal Europe for failing to spell out to consumers in its contractual clauses activities for which they may be fined, UOKiK said on Monday. UOKiK said that prohibited activities which could......