The Prague Post

Featured

Roche says will invest $50 bn in US, as tariff war uncertainty swells

Swiss pharmaceutical giant Roche on Tuesday announced plans to invest $50 billion in the United States over the next five years, following in the footsteps of rival Novartis, with US President Donald Trump's tariff war fuelling uncertainty in the sector.

US official asserts Trump's agenda in tariff-hit Southeast Asia

The first US official to visit Southeast Asia since Washington announced punitive tariffs on the region's countries on Tuesday issued a robust defence of President Donald Trump's foreign policy approach.

Last news

Heineken shares pop on bubbly beer sales

Shares in Dutch brewer Heineken fizzed at the market open on Wednesday, as traders cheered better-than-expected beer sales despite a slight dip in overall turnover.

Flattery and pragmatism: UK plan to stay on Trump's good side

With its flattering rhetoric, leniency in responding to US trade threats and alignment with Washington this week at a summit on artificial intelligence, the United Kingdom has signalled a willingness to take President Donald Trump's side over Europe.

'What would you have us do?': the plastic credits problem

Twice a day, sirens sound at Cambodia's Chip Mong Insee cement kiln, warning limestone will soon be blasted from the karst mountain that overlooks the sprawling industrial site.

Asian stocks rise as Powell rate warning taken in stride

Equities rose in Asia on Wednesday as traders took in their stride a warning from Federal Reserve boss Jerome Powell that the US central bank "did not need to be in a hurry" to cut interest rates again.

What are reciprocal tariffs and who might be affected?

US President Donald Trump has threatened to open new fronts in his tariffs war by announcing reciprocal levies on other countries as soon as Tuesday, branding this "the only fair way" to trade.

US inflation fight to take time in 'highly uncertain' environment: Fed official

The US Federal Reserve is in a strong position to weather the "highly uncertain" economic outlook, but its inflation fight will take time to win, a senior US central bank official said Tuesday.

Ford CEO says Trump policy uncertainty creating chaos

The Trump administration's tariff threats and animosity towards electronic vehicles are producing a "lot of cost and a lot of chaos" for Ford, the automaker's chief executive said Tuesday.

Altman says OpenAI 'not for sale' after Musk's $97 bn bid

Artificial intelligence developer OpenAI is "not for sale", chief executive Sam Altman said in Paris Tuesday in response to a reported $97.4 billion bid from competitor Elon Musk.

Trump says US disaster relief agency should be 'terminated'

President Donald Trump launched a fresh attack Tuesday on the US federal disaster agency FEMA, calling for it to be shut down and its duties instead handed to individual states.

'Ridiculous and lame': South Africans mock Trump proposals

On the streets of Johannesburg's student district, US President Donald Trump's offer to accept white Afrikaners as refugees landed as both "ridiculous" and "lame", among South Africans of all races.

Global stocks mixed as tariff uncertainty looms

European and Asian markets struggled for direction and gold hit a fresh high Tuesday as traders kept a nervous eye on Donald Trump's next tariff moves.

BP pledges strategic 'reset' as profit tumbles

Britain's BP on Tuesday said its annual net profit slumped 97 percent last year, as the struggling oil and gas giant pledged to "fundamentally reset" its strategy.

Gucci owner Kering's annual profit plunges

Gucci owner Kering reported a sharp drop in 2024 earnings on Tuesday, days after parting with its flagship brand's creative director in a bid to revive the struggling fashion house.

Trump signs orders for steel, aluminum tariffs to start March 12

US President Donald Trump signed executive orders to impose 25 percent tariffs on steel and aluminum imports from March 12, ramping up a long-promised trade war despite warnings from Europe and China.

EU leaders vow 'firm' response to US tariffs

EU chief Ursula von der Leyen vowed on Tuesday to retaliate firmly against US President Donald Trump's decision to impose tariffs on steel and aluminium imports.

YouTube, the online video powerhouse, turns 20

YouTube has evolved from a dinner party lark 20 years ago into a modern lifestyle staple poised to overtake US cable television in paid viewership.

Playgrounds come alive again with Brazil school phone ban

In Rio de Janeiro, children are playing again "like in the old days," and their focus in class has improved after a school cellphone ban pioneered in the city that has now gone national.

Could a climate megaproject cloud Chile's unparalleled views of universe?

As night falls on the Atacama desert in northern Chile four giant telescopes turn their gaze towards the star-strewn heavens.

Trump signs executive orders on steel, aluminum tariffs

US President Donald Trump on Monday made good on a promise to slap 25 percent tariffs on steel and aluminum imports, stepping up a long-promised trade war despite warnings from Europe and China.

US judges challenge Trump cuts as legal battles mount

The Trump administration was on a collision course with the US courts Monday, with federal judges questioning the legality of the White House’s cost-cutting onslaught of government and Vice President J.D Vance warning the judiciary to back off.

Global stock markets brush off latest Trump tariffs

Global stock markets rose on Monday, as traders largely shrugged off US President Donald Trump's latest tariffs announcement on steel and aluminum.

US federal workers weigh Trump buyout as court to step in

US federal workers face another deadline Monday to accept a mass buyout from their government jobs as a judge holds a key hearing on whether the offer is legal.

McDonald's profits dented by food poisoning outbreak

McDonald's reported a dip in profits Monday as it contended with lingering effects from a US food poisoning outbreak that depressed sales in its home market.

Trump to impose new 25% tariffs on steel, aluminum

US President Donald Trump plans to slap 25 percent tariffs on steel and aluminum imports Monday, prompting threats of retaliation from Europe and a warning from China that there are no winners in a trade war.

Global stocks markets push higher despite more Trump tariffs

Global stock markets rose Monday, as traders appeared to shrug off US President Donald Trump's latest tariffs announcement surrounding levies on steel and aluminium.

Nestle share slump adds pressure on new boss

Nestle's slumping share price is rattling shareholders and pension funds that have invested in the food giant, piling pressure on its new boss ahead of Thursday's annual results.

Spain boss Tome denies 'punishing' Hermoso after forced kiss

Spain manager Montse Tome on Monday denied "punishing" Jenni Hermoso by dropping her after ex-football federation chief Luis Rubiales forcibly kissed her at the 2023 Women's World Cup final.

Global stocks rise despite more Trump tariffs

European and Asian stock markets rose Monday, as traders appeared to shrug off US President Donald Trump's latest tariffs announcement surrounding levies on steel and aluminium.

Nokia names Intel's AI head to replace CEO

Finnish telecommunications equipment giant Nokia announced on Monday it would replace chief executive Pekka Lundmark with Justin Hotard, an American executive overseeing artificial intelligence at US chip-maker Intel.

Trump to impose new 25% tariff on US steel, aluminum imports

US President Donald Trump plans to impose 25-percent tariffs on steel and aluminum imports from Monday, prompting the threat of retaliation from Europe and a warning from China that there were no winners in a trade war.

Nokia CEO Lundmark to be replaced by Intel AI chief Hotard

Finnish telecommunications equipment giant Nokia announced on Monday that chief executive Pekka Lundmark would step down and be replaced by Justin Hotard, the head of AI and data centres at US chip-maker Intel.

Most Asian markets drop as traders weigh Trump's latest tariff salvo

Equities were mostly down in Asia on Monday after Donald Trump ramped up his trade war by announcing huge tariffs on steel and aluminium imports and warned every country would face "reciprocal" levies.

The Prague Post - Economy (English)