The Prague Post

Featured

Latin America fondly farewells its first pontiff

The passing of Latin America's first pope sparked an upwelling of sorrow but also gratitude Monday, with everyone from Lionel Messi to disparaged migrants marking the life of a pontiff who spoke to and for the region's faithful.

US assets slump again as Trump sharpens attack on Fed chief

Gold prices hit a fresh record on Monday while the dollar tumbled further along with Wall Street equities as President Donald Trump again slammed Federal Reserve Chair Jerome Powell.

Last news

Stock markets fall as traders assess latest tariffs volley

European and Asian markets mostly fell Wednesday after US President Donald Trump broadened his tariff threats stoking wider trade war fears.

BAE profits boosted by defence spending amid Ukraine war

British military equipment maker BAE Systems on Wednesday announced a five percent rise in annual net profit, boosted by government defence spending amid the war in Ukraine.

Asset writedowns push Glencore into $1.6 bn loss for 2024

Swiss mining and commodity trading giant Glencore said Wednesday that falling coal prices and writedowns to the value of its assets pushed it into a net loss for 2024.

Google pays 326 mn euros to settle Italy tax dispute: prosecutor

Tech giant Google has paid 326 million euros to Italy following an investigation into alleged unpaid taxes, Milan prosecutors said Wednesday, as they recommended criminal proceedings be dropped.

Trump says US auto tariffs to be around 25%

US President Donald Trump expanded his offensive against trading partners on Tuesday, threatening 25 percent tariffs on imported cars, and similar or higher duties on pharmaceuticals and semiconductors.

UK annual inflation jumps more than expected

Britain's annual inflation rate rose more than expected last month, official data showed Wednesday, adding pressure to the Labour government which is also facing sluggish economic growth.

Islanders keen to return to Santorini even as quakes continue

Ilias Roussos will never forget the day he was driven from his native island of Santorini with thousands of others by a quake barrage that shows little sign of slowing down after three weeks.

Niger turns to satellites to bridge digital divide

Less than a third of Niger's vast territory has internet access, so the west African country is betting on satellite broadband to bridge the digital divide in remote rural areas.

Blinded Ukrainian soldiers face new challenges at home

At a medical centre in Kyiv, former soldier Dmytro Gorodynsky shuffled around to the funky notes of the 1970s hit "Le Freak", his eyes obscured by sunglasses.

Philips losses worse than expected in 2024

Philips on Wednesday posted worse-than-expected losses in 2024, as the Dutch medical device maker bids to turn the page on a damaging recall of faulty sleep machines.

EU eyes stricter food import rules in agriculture policy review

The EU plans to crackdown on food imports that do not meet its standards as part of an agricultural policy review to be published Wednesday that looks to appease disgruntled farmers amid global trade tensions.

HSBC targets $1.5 bn in annual cost savings after revamp

Banking giant HSBC said Wednesday that CEO Georges Elhedery's plan since October to simplify the company's structure and geographic setup will yield $1.5 billion in annual cost savings by the end of 2026.

Asian markets swing as traders assess latest tariffs volley

Asian markets were mixed Wednesday after President Donald Trump broadened his tariff threats, while traders were also assessing the geopolitical outlook after the first high-level official US-Russia talks since the invasion of Ukraine.

US judge declines to block Musk from accessing data, firing workers

A US judge on Tuesday declined a request to temporarily block Elon Musk and his Department of Government Efficiency (DOGE) from firing federal employees and accessing agency data, a victory for President Donald Trump in his bid to shrink the government workforce.

US lawmakers confirm Howard Lutnick as commerce secretary

The US Senate voted Tuesday to confirm Wall Street billionaire Howard Lutnick as commerce secretary, a key step towards the rollout of President Donald Trump's "America First" trade policy, which uses tariffs as a broad negotiation tool.

China condemns US 'tariff shocks' at WTO

The sweeping tariffs threatened or already imposed by US President Donald Trump risk triggering inflation, market distortions, and even a global recession, China said Tuesday at the World Trade Organization.

Shakira medical record leak sparks Peru investigation

Peruvian authorities threatened sanctions and hefty fines Tuesday as they investigated how popstar Shakira's medical records were leaked following her treatment at a Lima clinic.

Global stocks unfazed as US and Russia hold talks

Global stock markets held largely steady on Tuesday as top US and Russian diplomats held their first high-level discussions since Russia invaded Ukraine.

Global stocks steady as US and Russia hold talks

Global stock markets held largely steady on Tuesday as top US and Russian diplomats held their first since Russia's invasion of Ukraine.

German auto supplier Continental to cut 3,000 more jobs

German auto supplier Continental said Tuesday it will cut a further 3,000 jobs by the end of 2026, the latest sign of weakness for the country's auto sector.

Global stocks mixed as US and Russia hold talks

Global stock markets traded mixed Tuesday as investors awaited the outcome of the first meeting between top US and Russian diplomats since Russia's invasion of Ukraine.

UK court backs £3 bn loan for indebted Thames Water

A court on Tuesday approved a £3 billion ($3.8 billion) emergency loan for Britain's largest water supplier Thames Water, offering it a lifeline as it buckles under a mountain of debt.

Asian markets mixed as traders pare Hong Kong tech rally

Asian markets were mixed Tuesday with Hong Kong resuming its tech-led rally after a meeting between President Xi Jinping and China's top business leaders fanned hopes that a long-running crackdown on the private sector is coming to an end.

Iran mulls moving capital to 'lost paradise' on southern coast

Faced with myriad problems including gridlocked traffic and a sinking earth surface in its current capital, Iran is considering a drastic solution -- moving it to an altogether different location on the Gulf of Oman.

Tesla begins hiring in India after Musk and Modi meet

Electric vehicle maker Tesla has begun hiring in India, with the company of tycoon Elon Musk issuing advertisements days after US President Donald Trump's right-hand man met with India's premier.

German 'bureaucracy monster' on everyone's election hit list

German politicians make a lot of laws and regulations but on the campaign trail many rage against the country's notorious bureaucracy, labelling it a monster that needs to be slayed.

Why Brazil's Lula is bleeding support

Brazilian President Luiz Inacio Lula da Silva, 79, has been on a whirlwind campaign of interviews and public appearances in recent weeks to shore up dwindling support, but the numbers keep getting worse.

'They knew': Victims of paedophile French surgeon blame systemic failure

A French surgeon to stand trial over raping or sexually assaulting almost 300 patients, mostly children, practised for decades right up until his retirement despite a conviction for owning abusive images of children and colleagues sounding the alarm, an AFP investigation shows.

Tech rally helps Hong Kong lead Asian markets higher

Hong Kong resumed its tech-led rally on a healthy day for Asian markets Tuesday as a meeting between President Xi Jinping and China's top business leaders fanned hopes that a years-long crackdown on the private sector is coming to an end.

UN nuclear chief to view soil removed from Fukushima

The UN nuclear watchdog chief arrives in Japan on Tuesday for a trip that will include his first visit to storage facilities for soil contaminated in the 2011 Fukushima disaster.

Delta plane flips upside down in Toronto crash, 15 wounded

A Delta Air Lines jet with 80 people onboard crash landed Monday at the Toronto airport, officials said, flipping upside down and leaving at least 15 people injured but causing no fatalities.

Shakira resumes world tour after Lima hospital stay

Colombian pop star Shakira said her concert in Peru Monday will go ahead a day after she called off another performance because of a sudden hospitalization.

The Prague Post - Economy (English)