The Prague Post

Stock markets close out turbulent week with gains

European and Asian stock markets mostly rose Friday, the end of a week beset by volatility after China's DeepSeek unveiled an artificial intelligence model to rival those of US tech giants.

Kenya's Ice Lions skate to win on East Africa's only rink

Screeching off East Africa's only ice rink, the skates of Kenya's Ice Lions scatter frozen chips of ice as they celebrate their first title win in the capital Nairobi.

World awaits Trump tariff deadline on Canada, Mexico and China

With less than 24 hours before President Donald Trump's deadline to impose sweeping tariffs on the three biggest US trading partners -- Canada, Mexico and China -- the global economy is bracing for impact.

Samsung operating profit hit by R&D spending, fight to meet chip demand

The operating profit of South Korean tech giant Samsung Electronics sank almost a third in the fourth quarter owing to spending on research, the company said Friday, as analysts said it was struggling to meet demand for chips used in AI servers.

Japan records biggest jump in foreign workers

Japan saw its biggest year-on-year jump in foreign workers since records began, government data showed Friday, as the country seeks to address labour shortages exacerbated by its ageing population.

Asian markets mostly rise but worries over tariffs, AI linger,

Most Asian markets edged up Friday at the end of a week beset by volatility after China's DeepSeek unveiled a groundbreaking chatbot, while sentiment was dampened after Donald Trump confirmed he hit Canada and Mexico with hefty tariffs.

Investigators recover plane black boxes from Washington air collision

Investigators on Thursday recovered the black boxes from a passenger plane whose mid-air collision with a military helicopter over Washington's Potomac river killed 67 people, as rescuers pulled victims' bodies from the freezing water.

Chipmaker Intel beats revenue expectations amidst Q4 loss

Intel reported a fourth-quarter loss on Tuesday, but better than expected revenue as the US chip giant continues to struggle to stake its place in the artificial intelligence revolution.

Key nominees for the Grammy Awards

Here is a list of nominees in the major categories for the 67th annual Grammy Awards, which will be handed out on Sunday in Los Angeles.

Samsung Electronics posts 129.85% jump in Q4 operating profit

Samsung Electronics said Friday its operating profits surged 129.85 percent year-on-year in the fourth quarter of 2024, but fell from the previous quarter as it struggled to meet demand for chips used in artificial intelligence servers.

French luxury billionaire sparks tax debate with threat to leave

Bernard Arnault, the billionaire boss of the world's biggest luxury conglomerate LVMH, has picked a fight with the French government by suggesting that companies could flee France for the United States to escape a planned tax hike.

Washington midair crash: What we know so far

A US commercial airliner with 64 people aboard and a military helicopter collided over Washington on Wednesday before crashing into the Potomac River.

Trump blames 'diversity' for deadly Washington airliner collision

US President Donald Trump -- speaking as the bodies of 67 people were being pulled from Washington's Potomac River -- launched an extraordinary political attack Thursday, blaming diversity hires for the midair collision between an airliner and a military helicopter.

Merkel slams successor over far-right support on immigration bill

Germany's ex-chancellor Angela Merkel weighed in Thursday on a controversy flaring ahead of February elections, slamming her party successor for relying on far-right support on the flashpoint issue of immigration.

Stock markets firm on ECB rate cut, corporate results

European stock markets rose Thursday as the European Central Bank cut interest rates again while US shares were steady after a mixed bag of company earnings reports.

Mexican economy shrinks for first time in three years

Mexico's economy suffered its first contraction in three years in the fourth quarter of 2024, official figures showed Thursday, as the country braces for US President Donald Trump's threatened tariffs.

Nostalgia and escapism: highlights from Paris Couture Week

Nostalgia-tinged evening wear, fantasy-fuelled escapism and messages about world peace featured during a packed Paris Couture Week that also saw new changes on fashion's artistic director merry-go-round.

Dubai airport clocks record 92.3m passengers, extending hot streak

A record 92.3 million passengers travelled through Dubai's international airport last year, its operator said on Thursday, extending a post-pandemic tear that exemplifies the city's economic boom.

US economic growth steady in 2024 as Trump takes office

The US economy expanded at a solid clip in 2024, helped by consumer and government spending, official data showed Thursday, signaling its resilience as President Donald Trump takes over the reins.

ECB cuts rate again as eurozone falters, with eye on Trump

The European Central Bank made a fresh interest rate cut Thursday as inflation eases and the eurozone economy flatlines, with a nervous eye on US President Donald Trump's protectionist agenda.

No survivors from plane, helicopter collision in Washington

US officials said Thursday there were likely no survivors after a passenger jet carrying 64 people collided in midair with a military helicopter and crashed into the icy waters of Washington's Potomac river.

France, Germany stall eurozone growth in fourth quarter

Eurozone growth slowed to a halt in the fourth quarter last year, dragged by contractions in major powers Germany and France which were held back by economic headwinds and political instability.

DR Congo leader vows 'vigorous' response as Rwanda-backed fighters advance

DR Congo's president has vowed a "vigorous" military response against Rwandan-backed fighters who have advanced further in the mineral-rich east of the country after seizing most of the region's main city.

European stock markets rise before ECB rate call

European stock markets rose and the euro dipped Thursday, with the European Central Bank expected to cut interest rates as inflation eases and the eurozone economy stalls.

Bodies pulled from Washington river after plane collides with helicopter

A passenger jet carrying 64 people crashed into Washington's Potomac River Wednesday after colliding midair with a military helicopter, with US media reporting multiple bodies pulled from the dark, near-freezing water.

Dubai airport sees record 92.3 million passengers in 2024

A record 92.3 million passengers travelled through Dubai's international airport last year, its operator said on Thursday, underlining the Gulf city's economic boom.

Shell annual profit drops to $16 bn as oil prices fall

British energy giant Shell on Thursday announced a 17-percent drop in annual net profit owing to weaker oil and gas prices as well as asset write-offs.

UK car sector fears for Trump tariffs as output falls

Britain's vehicle production slid below one million units last year as the sector transitions to electric cars, an industry body said Thursday as it warned over US President Donald Trump's tariff threats.

French economy shrinks as political crisis eclipses Olympic boost

The French economy grew 1.1 percent in 2024 but shrank in the fourth quarter as a political crisis gripped the country after a boost from the Paris Olympic Games, official data showed Thursday.

Plane carrying 64 collides with helicopter, crashes in Washington

A US passenger jet carrying 64 people crashed into Washington's Potomac River after colliding midair with a military helicopter on a nighttime training exercise Wednesday, prompting a desperate search for survivors in the dark, near-freezing water.

DR Congo leader says troops mounting 'vigorous' response to M23

DR Congo President Felix Tshisekedi insisted his troops were mounting a "vigorous" response to Rwanda-backed fighters advancing in the country's perennially troubled east and slammed the international community's "silence and inaction".

EU holds auto talks to revive embattled car sector

EU talks to relaunch Europe's embattled car industry are to get underway on Thursday, with automotive CEOs awaited in Brussels to discuss fines and competition from China.

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