Tag : Markets

International

Thousands evacuated from Kharkiv region in Ukraine

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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......
European

SD Party: We Won’t Stop Fake Accounts and Websites, and Will Ease Criticism of Opponents and Respect Allies

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FALCON POWERS – In a statement to the Swedish news agency TT, Mathias Bäckström Johansson, the secretary of the SD party, stated that his party will not shut down the fake accounts on social media platforms or the misleading websites they operate. However, he pledged to refrain from harshly attacking......
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

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......
Economy & Business

Australian airline Qantas agrees payouts over ‘ghost flights’

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FALCON POWERS – Australia’s biggest airline Qantas agrees million-dollar settlement after being accused of selling thousands of tickets for flights it had already cancelled. The A$100m (€61m) penalty deal comes after the Australian Competition and Consumer Commission (ACCC) sued the Sydney-based airline in the Federal Court last year. The commission......
Economy & BusinessEuropean

EU Policy. China dominating soaring global clean tech industry

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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......
European

‘Tank of the future’: German and French defence ministers sign billion euro arms project

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FALCON POWERS – France’s defence minister received his German counterpart on Friday to ink a deal between the two countries to build a next-generation battle tank. Defence ministers of France and Germany met in Paris this Friday to ratify an agreement on a new joint tank project called the Main Ground......
Economy & Business

Snap’s Revenues Exceed Expectations in Q1, but Advertiser Attraction Remains Challenging

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FALCON POWERS – Snap Inc., the company behind the Snapchat application, reported higher-than-expected revenues in the first quarter of the year, reaching around $1.2 billion, a 21% increase year-over-year. However, the social media network for teenagers is facing difficulties in attracting advertisers. In a statement released on Thursday regarding its......