The Prague Post

Featured

Researchers eye AI revolution in natural disaster forecasts

A revolution in forecasting natural disasters is underway, say researchers in Switzerland who are training AI models on vast troves of NASA climate data to produce potentially-lifesaving data at lightning speed.

Appreciation, anger await as Trump heads to Irish golf resort

In the windswept village of Doonbeg on Ireland's Atlantic coast, Donald Trump is less polarising US president and more golf resort owner credited with bringing jobs and money to a remote corner of the country.

Last news

US braces for inflation report that may push Fed to hike rates

A consumer inflation report due Friday could pave the way towards the US central bank's first interest rate hike in more than three years, as the war with Iran drives energy costs higher.

Putin arrives in India for BRICS summit coloured by wars

Russian President Vladimir Putin arrived in the Indian capital on Friday ahead of an 11-member BRICS summit set to be dominated by wars in the Middle East and Ukraine, as well as economic challenges.

Musk threatens legal action over documentary

Elon Musk's lawyers put the makers of a new four-hour documentary about the multibillionaire on formal legal notice days before its premiere, warning that the film defames him.

Carney says in touch with Trump, Canada ready for 'fair' trade deal

Prime Minister Mark Carney said Thursday that he had spoken to US President Donald Trump "in recent days" and Ottawa remains ready to reach a "fair" trade deal with Washington, despite escalating economic tensions.

Latin America fact-check group asks Meta not to replace verification practice

A Latin American fact-checking network on Thursday asked Meta not to replace the verification practice with Community Notes after the company said it was testing the crowdsourcing system in the region.

Tag Markets Names Craig Lund Chief Executive Officer

The appointment brings a veteran of regulated digital-asset and brokerage businesses to a firm turning its focus from growth alone to the foundations that sustain it.

AI Risks to Enter 60–80% of Liability and Cyber Insurance Underwriting by 2028, ScienceSoft Predicts

ScienceSoft has released proprietary research on how midsize US insurers will address artificial intelligence (AI) risks in coverage and underwriting through 2028. Drawing on insurance market data, perspectives from industry experts, and ScienceSoft’s experience working with insurance organizations, the research examines whether growing AI-related losses will lead to a new class of AI-specific insurance.

ECB lifts borrowing costs amid energy shock, opens door for more hikes

The European Central Bank raised interest rates Thursday for the second time this year as renewed Middle East fighting fans fears of higher inflation, and opened the door for further hikes.

Tribal Launches Campfire, Letting Business and Technical Teams Build on Salesforce Together

Tribal’s Campfire is a shared canvas that lets enterprises build and change their own Salesforce org at the speed of business, with security, permissions and dependencies intact

Global Tokenized Real Estate Market to Hit up to $3 Trillion by 2030, ScienceSoft Predicts

ScienceSoft has released new proprietary research on the role of tokenization in the real estate investment landscape. Drawing on market statistics, firsthand perspectives from industry experts, and ScienceSoft’s experience delivering technology projects in the niche, the report examines whether tokenized real estate will evolve into a mainstream investment vehicle.

Stocks fall as fresh oil surge fans inflation fears

Stock prices fell Thursday after oil prices pushed higher on expectations of a prolonged Mideast war against Iran, fanning inflation fears that saw the European Central Bank lift its key interest rate.

US producer inflation tops expectations as diesel costs jump

US wholesale inflation picked up more than expected in August, government data showed Thursday, driven by higher energy costs in the month -- particularly for diesel -- as the US war with Iran continued.

ECB hikes borrowing costs to combat Mideast energy shock

The European Central Bank raised interest rates Thursday for the second time this year as renewed fighting in the Middle East sends energy prices soaring, threatening to push widespread inflation higher.

Evolution Metals & Technologies Provides Initial Revenue Guidance of $400-460mm for Fiscal Year 2027

Fiscal 2027 outlook of $400 million to $460 million reflects the expected first full-year contribution from the expansion of annual rare earth magnet production capacity in Pohang, Republic of Korea, to approximately 10,000 metric tons, including approximately 6,000 metric tons of high-performance sintered NdFeB magnets, as the January 1, 2027 DFARS mine-to-magnet restriction takes effect

Oil prices extend gains as markets await ECB rate outlook

Oil prices rose further Thursday on resurgent Middle East hostilities, fanning concerns about high inflation that is widely expected to push the European Central Bank to raise interest rates this afternoon.

'Metal Gear' creator moves to Xbox after Playstation cancellation

Legendary Japanese video game creator Hideo Kojima said Thursday he had partnered with Microsoft's Xbox for his next project after its development for the PlayStation console was cancelled by Sony.

Zamanat Targets GCC’s $250 Billion SME Financing Gap With Up to $100 Million Tokenized Private Credit Fund

Zamanat Fund CEIC Limited is the company’s first live proof point for regulated fund tokenization on ZIGChain focused on GCC private credit.

Alessio Vinassa Unveils an Emerging Technology Investment Approach Shaped by Financial Challenges

Tech entrepreneur and angel investor Alessio Vinassa today announced the expansion of his investment framework focusing on the convergence of artificial intelligence and cybersecurity, applying strategic risk-mitigation model lessons derived from managing high-pressure financial turnarounds to emerging enterprise technologies. Before he began investing across artificial intelligence, cybersecurity, Web3 and innovative finance, he faced a financial collapse that changed how he understood risk.

Stocks drop as oil spike fans inflation and interest rate fears

Asian stocks fell Thursday and Brent oil held gains a day after breaking the psychological $100 barrier on the back of resurgent Middle East hostilities that have fanned inflation fears.

Stocks sink as oil rally fans inflation and rate hike fears

Asian stocks fell Thursday as oil prices extended gains a day after breaking the psychological $100 barrier on the back of resurgent Middle East hostilities that have fanned inflation fears.

Argentine industry reels from Milei's free-market revolution

In the gloom of a vast warehouse in Argentina, the machines lying idle next to boxes of unsold merchandise represent the collapse of manufacturing under President Javier Milei.

Myanmar tin mega-mine restarts operations: think tank

One of the world's biggest tin mines, located in an autonomous region of war-torn Myanmar, is resuming operations suspended since 2023 and ramping up exports to China, a think tank said Thursday.

Eurozone rate-setters to hike borrowing costs as energy prices jump

With renewed Middle East clashes stoking energy prices and putting upward pressure on inflation, the European Central Bank is expected on Thursday to raise interest rates for the second time this year.

Ralph Lauren opens fur-free New York Fashion Week

Legendary US designer Ralph Lauren on Wednesday kicked off New York Fashion Week with his namesake brand's Spring/Summer 2027 collection, as the industry showcase implements its first full ban on fur on the runway.

Bond yields jump despite $6 bn US government intervention

Yields on long-term US Treasury bonds surged Wednesday after a $6 billion government bond buyback that disappointed markets that had expected a bigger number.

US-blockaded Cubans appeal to 'Cachita' for divine intervention

Father-to-be Carlos Trejo paid his respects to Cuba's patron saint as he and thousands more marked the annual celebration in her name, wondering what fate awaits the US-blockaded island.

How hot can the US-Canada trade war get?

The US-Canada trade war has escalated rapidly, rupturing what was once one of the world's closest economic partnerships.

Belgium raids illicit cigarette factory in push to stub out growing trade

The smell of tobacco hung thick in the air as dozens of customs officers on Wednesday raided an illicit cigarette factory in a warehouse in Belgium -- a growing hub for counterfeit producers.

Amboss and Aureo Connect the Lightning Network to Mexico's Banking System

Businesses and individuals anywhere in the world can now send payments that arrive as pesos in a Mexican bank account in seconds

Brent oil passes $100 on Mideast flare-up, stoking inflation fears

International oil benchmark Brent spiked above $100 a barrel Wednesday for the first time since late July following renewed US-Iran hostilities in the Middle East, stoking fears of widespread price rises and interest rate hikes.

Meta tests fact-check replacement in Latin America

Meta said Wednesday it had begun testing Community Notes in 16 Spanish-speaking countries in Latin America, a step toward replacing the professional fact-checking program it runs with partner organizations across the region.

France far right expels policeman member over racist remarks

France's main far-right party has expelled a member who is a policeman after body cam footage of him making racist comments sparked outrage ahead of presidential elections it hopes to win next year.

The Prague Post - Economy (English)