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Junta chief frontrunner as Gabon holds first election since 2023 coup

Gabonese voters began casting ballots on Saturday in a presidential election with eight candidates that is widely expected to make junta chief Brice Oligui Nguema the oil-rich central African country's first elected leader since his 2023 coup.

German refinery's plight prompts calls for return of Russian oil

No Russian oil has been delivered via the Druzhba pipeline to the PCK refinery in Germany in more than two years because of sanctions levied against Moscow following its full-scale invasion of Ukraine.

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Chinese manufacturers in fighting spirits despite scrapped US orders

On a sweltering spring day, workers at a Christmas tree factory in eastern China rhythmically assembled piles of branches, wiping away sweat as they daubed white-paint snow onto plastic pine needles.

Man executed by firing squad in South Carolina

A man facing the death penalty for committing two murders was executed by firing squad on Friday, the second such execution in the US state of South Carolina this year.

Asset flight challenges US safe haven status

The US has long been considered a financial safe haven. The sell-off of the dollar, stocks and Treasury bonds in a spree sparked by panic at President Donald Trump's trade war is starting to raise questions about if that's still true.

Fed official says 'absolutely' ready to intervene in financial markets

The US Federal Reserve is "absolutely" prepared to intervene to help calm nervous financial markets, a senior central bank official said Friday, after President Donald Trump's tariff plans roiled Wall Street.

Abuse scandal returns to haunt the flying 'butterflies' of Italian gymnastics

For more than two years, Nina Corradini was left feeling her hard-hitting accounts of abuse within Italian rhythmic gymnastics had all been for nothing.

Canada, US to start trade talks in May: Carney

Canada and the United States will start talks on a new trade deal in early May, Prime Minister Mark Carney said Friday, warning President Donald Trump's trade war was already hitting Canada's labor market.

Pig kidney removed from US transplant patient, but she set record

Doctors have had to remove the pig kidney implanted in an American woman after her body rejected it, but her four months living with the animal's organ set a record, the hospital that performed the operation said Friday.

UN shipping body approves global carbon pricing system

Member states of the International Maritime Organization have voted in favour of a global pricing system to help curb maritime carbon emissions, the UN shipping body announced Friday.

Spain marine park defends facilities after France orca transfer blocked

A Spanish aquatic park which authorities prevented from taking in two orcas from a shuttered French attraction that was criticised by animal rights groups denied on Friday it was unfit to shelter them.

Dollar plunges, stocks wobble over trade war turmoil

Investors dumped US government bonds, the dollar tumbled and stocks seesawed Friday, capping a volatile week as President Donald Trump's unpredictable tariff policy rattled market confidence.

Trump says tariff policy 'doing really well' despite China retaliation

President Donald Trump pledged Friday that his tariff policy is working and will benefit the United States and the world, despite China hiking tariffs on US goods to 125 percent in a deepening trade war.

Jolted by Trump, EU woos new partners from Asia to Latin America

Shaken by Donald Trump's tariff blitz, the EU has embarked on a charm offensive to diversify its alliances in Asia and beyond, with summits lined up back-to-back and trade talks launched in all directions.

Dollar slides, stocks diverge as US-China trade war escalates

The dollar tumbled, gold hit a fresh record high and stock markets seesawed Friday as China again retaliated against US tariffs, deepening a trade war between the world's two biggest economies.

UK parliament to be recalled Saturday to discuss British Steel's future

UK lawmakers will be recalled from their Easter break to discuss the future of British Steel in parliament on Saturday, the House of Commons said, with reports the struggling company could be nationalised.

JPMorgan Chase sees 'considerable turbulence' facing economy as profits rise

JPMorgan Chase CEO Jamie Dimon said Friday that US Treasury bonds remained a safe place in an unpredictable world as he warned of "considerable turbulence" facing the economy.

Trump's trade whiplash sends dollar into tailspin

The mighty dollar is sliding sharply as President Donald Trump's turbulent trade agenda has battered US credibility in global markets and fanned fears of a self-inflicted economic downturn.

Dollar slides, stocks diverge as China hits back at US tariffs

The dollar tumbled and gold hit a fresh record high on Friday, while stocks diverged as hiked Chinese tariffs on the United States deepened a trade between the world's two largest economies.

Dollar, stocks hit and gold hits record as trade war panic returns

The dollar tumbled with most stocks while gold hit a fresh record high as panic gripped markets again on Friday, while China retaliated against Donald Trump's latest tariff blitz against the world's number two economy.

Xi calls for EU, China to resist Trump trade war 'bullying'

China's President Xi Jinping urged the European Union on Friday to join hands with Beijing in resisting "unilateral bullying", after US President Donald Trump's tariff onslaught sparked mayhem on world markets.

Apple’s iPhone 16 hits Indonesia stores after monthslong ban

Smartphone buyers were cheered by shopkeepers in Jakarta on Friday after Apple's latest smartphone went on sale following a monthslong ban in Indonesia.

Sweden drowns in discarded fast fashion items

Sweden's recycling centres are overflowing with clothes after an EU-wide ban this year on throwing away textiles, leaving overwhelmed municipalities eager to have fast fashion giants take responsibility.

Despite US tariffs pause, southern African economies under threat

Washington's 90-day pause on higher tariffs is of little comfort to southern African economies facing the collapse of a preferential trade deal and a 25-percent hike on car imports, analysts say.

Stocks, dollar hit as Trump admits costs of 'beautiful' trade blitz

Jitters about US tariffs hammered stocks and the dollar again Friday as President Donald Trump acknowledged the costs from his rollercoaster trade offensive but predicted a "beautiful" ending.

Despite Trump pause, overall US tariff rate at highest in a century

US President Donald Trump's delay of steeper tariffs may have won brief respite on Wall Street, but analysts say his actions -- which hit China especially hard -- already bring the average US effective tariff rate to its highest in over a century.

'A pain that doesn't subside' at funerals for Dominican nightclub disaster victims

A basketball court in the Dominican town of Haina became a makeshift chapel Thursday, hosting funeral ceremonies for two dozen residents whose lives were abruptly cut short when a nightclub's roof collapsed with hundreds of people inside.

US auto union praises some Trump tariffs

The head of the US auto workers union endorsed car tariffs Thursday as a way to address the "free trade disaster" while rejecting use of the levies for "political games."

Tesla opens first showroom in oil-rich Saudi

The Tesla electric vehicle company owned by billionaire Elon Musk on Thursday opened its first showrooms in oil-rich Saudi Arabia -- where hybrid cars remain a rare sight.

Argentina braves 24-hour strike as it awaits word on IMF loan

Trains and planes were grounded in Argentina Thursday as a 24-hour general strike against President Javier Milei's austerity measures paralyzed some services, even as the country awaits news on a fresh IMF loan.

US-China trade war surges, overshadowing Trump climbdown

The US-China trade war intensified Thursday, sending the global economy into unknown territory and dampening relief after President Donald Trump's earlier climbdown from a wider tariff onslaught against the rest of the world.

Global plastic recycling rates 'stagnant' at under 10%: study

The amount of plastic being recycled around the world is stagnant at less than 10 percent with most new plastic still made from fossil fuels, a new study said Thursday.

Miuccia Prada's path from activist to top designer

As a student in the volatile May of 1968, Miuccia Prada took to the streets of Milan to demonstrate for women's rights wearing an Yves Saint Laurent suit.

Wall Street rally fizzles as tariff worries resurface

Wall Street shares fell Thursday as a rally faded over lingering concerns about the economic fallout from President Donald Trump's trade war despite his U-turn on steep new tariffs.

The Prague Post - Economy (English)