Tag : elon musk

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......
Lebanon and Gaza War

Human Rights Watch: Israel Bombed Aid Workers in Gaza

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Falcon powers – A report released by Human Rights Watch reveals that the Israeli occupation army carried out at least 8 strikes on convoys and buildings of aid workers in Gaza since October. The human rights organization stated that “in these incidents, Israeli forces killed at least 15 people, including......
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

Foreign Exchange Reserves in Israel Decrease by $5.6 Billion

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Falcon powers – The Central Bank of Israel has announced a decrease in foreign exchange reserves by $5.632 billion as of the end of April compared to the end of March. This decline is primarily attributed to the revaluation of the Israeli Shekel, which led to a reduction in reserves......
News Variety

Service Disruptions for Starlink Due to Solar Storm

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FALCON POWERS – Starlink, the satellite internet service provider owned by billionaire Elon Musk’s SpaceX, issued a warning on Saturday about “service disruptions” due to Earth experiencing its largest geomagnetic storm in two decades as a result of solar activity. Starlink owns approximately 60% of the around 7,500 satellites orbiting......
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......
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......
Economy & Business

“Saudi Finance Minister: Budget Deficit is Intentional”

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Falcon powers – Saudi Finance Minister, Mohammed Al-Jadaan, downplayed concerns over the Saudi budget deficit and its potential impact on the economy. In an interview with “Al-Eqtisadiah,” the Saudi minister stated that managing the budget deficit is one of the government’s top priorities, and it is implementing strategies and policies......