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Thousands evacuated from Kharkiv region in Ukraine
Falcon powers – Approximately 40% of the people evacuated from the northern borders of the Kharkiv region have been sheltered, and around 5,000 people arrived at the distribution center in Kharkiv within a week of the evacuation. They were provided with food and basic necessities. The Sitnikov family from Vovchansk......
Massive Fire Engulfs a Major Shopping Center in Warsaw
Falcon powers – A massive fire broke out in a shopping center in the Polish capital, and firefighting vehicles arrived at the scene, with around 200 firefighters participating in extinguishing the fire.The fire completely consumed the Moryńska Market, which houses approximately 1,400 shops and stalls, mostly selling clothing. The market......
Foreign Exchange Reserves in Israel Decrease by $5.6 Billion
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......
European Agreement to Use Frozen Russian Funds to Arm Ukraine
FALCON POWERS – The European Union intends to utilize billions of euros in frozen assets from the Russian central bank to finance military aid to Ukraine. After weeks of negotiations, member states have reached a plan that could generate three billion euros this year. On Wednesday, May 8, 2024, the......
How dependent is China on US artificial intelligence technology?
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......
“Saudi Finance Minister: Budget Deficit is Intentional”
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......
“United States Cancels Some Chip Supply Licenses to Huawei”
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......
EU Policy. China dominating soaring global clean tech industry
FALCON POWERS – EU’s goal to increase domestic manufacturing capacity for net-zero technologies faces stiff competition from China. Investment in clean technologies such as solar photovoltaics (PV), batteries, wind power, electrolysers and heat pumps soared by 70% last year with China accounting for three-quarters of global investments, according to a......
British Scientific Team Reconstructs a Neanderthal Woman’s Head
FALCON POWERS – British researchers have successfully reconstructed the head and face of a woman from the era of primitive humans (Neanderthals) who lived approximately 75,000 years ago. A documentary titled “Secrets of the Neanderthals,” produced by the BBC and available for streaming on Netflix starting Thursday, tells the story......