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The Prague Post - Economy (English)
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Supreme Court rejects Trump bid to freeze $2 bn in foreign aid
A divided US Supreme Court handed a legal defeat to President Donald Trump on Wednesday, rejecting his bid to freeze some $2 billion in foreign aid payments.
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Elderly Chinese farmers carrying enormous baskets of vegetables squeezed into a subway station as its doors opened before dawn on Wednesday, on the outskirts of megacity Chongqing.
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Stock markets rallied Wednesday, buoyed by Germany's plan to massively boost spending on defence, signals that US President Donald Trump could ease huge tariffs and China's economic targets.
Stocks rally on hopes of China stimulus and tariff relief
Markets rallied Wednesday as investors welcomed China's economic targets and a US official signalled that President Donald Trump could dial down tariffs on Canada and Mexico.
Trump tariffs leave Mexican tequila producers with sour taste
Mexico's booming tequila industry was left reeling Wednesday after US President Donald Trump slapped sweeping tariffs on the Central American nation that producers say threaten the popularity of its most famous liquor.
Asian stocks rally on hopes of China stimulus
Asian markets rallied on Wednesday as investors welcomed China's economic targets which they hope will offset the impact of a global trade war.
China eyes five percent growth despite US trade war
China set an ambitious annual growth target of around five percent on Wednesday, vowing to make domestic demand its main economic driver as an escalating trade war with the United States hit Beijing's exports.
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Taiwanese chip-making giant TSMC plans to invest a whopping $100 billion in the United States, after US President Donald Trump threatened to slap tariffs on overseas-made chips.
Trump says tariffs will bring 'a little disturbance' to US economy
The US economy is set to experience some "disturbance" from tariffs, President Donald Trump said Tuesday, as trade tensions flare after he imposed sweeping levies on Mexico, Canada and China.
Asian stocks rebound on China stimulus package
Asian markets were mostly up Wednesday as investors weighed bullish growth targets announced by China despite its sluggish economy and the looming prospect of a global trade war.
Japan powerboat racing revs up bid to shed shadowy reputation
Racers shut away for a week incommunicado and airport-style metal detectors -- powerboating in Japan deploys strict measures as one of only four sports in the country that can be legally bet on.
Musk fails in bid to block OpenAI becoming for-profit business
A US judge on Tuesday denied Elon Musk's request to prevent OpenAI from becoming a for-profit business in a loss for the Tesla tycoon amid his feud with Sam Altman.
Japan women's football pioneer Nagasato retires
Women's World Cup winner Yuki Nagasato, who made history with a brief spell playing for a men's team, said she had given "every last drop" as the Japanese striker announced her retirement from football.
China eyes 5 percent growth despite trade war
China on Wednesday set an annual growth target of around five percent, vowing to make domestic demand its main economic driver as an escalating trade war with the United States hit Beijing's exports.
Europe's Ariane 6 rocket launch rescheduled to March 6
The first commercial mission of Europe's new heavy-lift rocket Ariane 6 has been rescheduled for Thursday, French company Arianespace announced, after an "anomaly" forced a last-minute postponement.
China sets annual growth target of around 5 percent
China on Wednesday set an annual growth target of around five percent, vowing to make domestic demand its main economic driver as an escalating trade war with the United States hit Beijing's exports.
Tech giants object as YouTube set to dodge Australian social media ban
Australia's plan to exempt YouTube from a world-leading teen social media ban is "illogical" and a "mockery", rival tech giants Meta and TikTok said Wednesday.
China aiming for growth of 'around 5 percent' in 2025: official document
China is pushing for economic growth of "around five percent" in 2025, an official document seen by AFP on Wednesday showed, an ambitious goal as Beijing faces down an intensifying trade war with the United States and deepening economic doldrums at home.
Canada, Mexico could see relief from tariffs, Trump official hints
The US commerce secretary on Tuesday said President Donald Trump could dial down huge tariffs on Canada and Mexico this week while maintaining pressure on China, hours after Canada's premier attacked the United States' "dumb" trade war.
Ports sale offers Panama way out of Trump row: experts
The decision by Hong Kong firm CK Hutchison to sell its Panama ports to a US-led consortium provides the Central American country with a convenient way out of its standoff with President Donald Trump, experts said Tuesday.
Global stocks tumble as Trump proceeds with more US tariffs
Stock markets were in gloomy mode Tuesday as China, Mexico and Canada hit back at US tariffs and fears grew that Europe could be President Donald Trump's next target in the growing global trade war.
Competition drives down Nigeria petrol prices
The retail price of petrol in Nigeria has dropped to 860 naira ($0.57) per litre, as a major local refinery drives down prices in a country long forced to import its gasoline.
Tesla shares fall on weak China auto sales
Shares of Tesla tumbled Tuesday following data showing a big drop in auto sales in China, adding to recent losses amid backlash to CEO Elon Musk's alliance with US President Donald Trump.
China, Canada retaliate against Trump's 'dumb' tariff war
Canadian Prime Minister Justin Trudeau launched a stunning attack on Donald Trump's "dumb" trade war as huge US tariffs kicked in against Canada, Mexico and China on Tuesday, sparking angry and immediate retaliation from all three.
EU chief unveils 800-billion-euro plan to 'rearm' Europe
EU chief Ursula von der Leyen Tuesday presented a plan to mobilise some 800 billion euros ($843 billion) for Europe's defence -- and help provide "immediate" military support for Ukraine after Washington suspended aid.
Seize or freeze? Friction in Europe over Russian assets for Ukraine
As Europe scrambles to boost military aid to Ukraine, calls are intensifying to fund it by seizing tens of billions of euros in frozen Russian assets, in an issue causing tension between European allies.
Stock markets, oil slide on trade war fears as US tariffs bite
Stock markets were in gloomy mode Tuesday as China, Mexico and Canada hit back at US tariffs and fears grew that Europe could be President Donald Trump's next target in the growing global trade war.
Eurovision chiefs promise 2025 show 'all about surprises'
Eurovision organisers promised Tuesday that the 2025 edition of the song contest will be all about surprises, with two months to go before showtime.
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As the world's biggest wireless technology fair, the Mobile World Congress in Barcelona is packed with manufacturers showing off their latest gadgets and inventions.
Writing on the wall as Chinese businesses fret over US trade war
At a bustling Shanghai trade fair, exporters of goods ranging from plush toys to chainmail bikinis expressed growing unease at the escalating US-China trade war as new US tariffs took hold on Tuesday.
'Stab in the back': Ukrainians in shock after US aid halt
Ukrainians in Kyiv and soldiers on the front lines were in shock on Tuesday and grappling with a sense of betrayal after US President Donald Trump's decision to suspend military aid.