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Czechs wind up black coal mining in green energy switch

The Czech Republic will stop mining black coal at the end of January, closing its last mine in a switch to greener energy sources, state mining company OKD said Thursday.

EU eyes migration clampdown with push on deportations, visas

The European Union on Thursday laid out plans to overhaul its visa system and step up deportations as part of a five-year migration strategy that cements a hardening line on the hot-button issue.

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Northern Mozambique: massive gas potential in an insurgency zone

Construction on a stalled $20-billion gas project by TotalEnergies in Mozambique officially resumed Thursday, nearly five years after it was suspended due to a deadly jihadist attack.

Gold demand hits record high on Trump policy doubts: industry

Gold demand surged to a record high in 2025 as investors and central banks flocked to the safe-haven asset as protection against US President Donald Trump's unpredictable policies and their potential economic impact, industry data showed Thursday.

UK drugs giant AstraZeneca announces $15 bn investment in China

British pharmaceutical group AstraZeneca said Thursday that it would invest $15 billion in China through 2030 to expand its medicines manufacturing and research, during a trip by UK Prime Minister Keir Starmer to Beijing.

Ghana moves to rewrite mining laws for bigger share of gold revenues

Ghana is preparing to overhaul its mining laws to increase its share of the revenues generated by the surge in the precious metal's price, sparking concern among foreign mining companies in Africa's top gold producer.

Russia's sanctioned oil firm Lukoil to sell foreign assets to Carlyle

Russia's oil giant Lukoil, sanctioned by Washington over the Ukraine war, said Thursday that it would sell its foreign assets to the US investment firm The Carlyle Group.

Gold soars towards $5,600 as Trump rattles sabre over Iran

Gold prices soared to a fresh record near $5,600 Thursday, while oil rallied after Donald Trump ramped up geopolitical tensions with his threatened military strike on Iran.

Vietnam, EU vow stronger ties as bloc's chief visits Hanoi

Vietnam and the European Union pledged to deepen economic and security cooperation on Thursday, upgrading their diplomatic relationship to hedge against an increasingly unpredictable United States.

Deutsche Bank logs record profits, as new probe casts shadow

Deutsche Bank on Thursday reported record pre-tax profits of 9.7 billion euros ($11.6 billion) in 2025, with all divisions performing well, even as Germany's biggest lender faces a new money-laundering probe.

Vietnam and EU upgrade ties as EU chief visits Hanoi

Vietnam and the EU upgraded diplomatic ties on Thursday, committing to deeper cooperation on trade, technology and security during a visit to Hanoi by European Council President Antonio Costa.

Hongkongers snap up silver as gold becomes 'too expensive'

Hong Kong residents hoping to cash in on a precious metals rally are buying up bars of silver as an alternative to gold that they say has become "too expensive" after reaching record highs.

Gold soars past $5,500 as Trump sabre rattles over Iran

Gold prices soared to another fresh record above $5,500 Thursday, while oil advanced and stocks fell after Donald Trump ramped up geopolitical tensions with his threatened military strike on Iran.

Samsung logs best-ever profit on AI chip demand

South Korean tech giant Samsung Electronics posted record quarterly profits Thursday, riding massive market demand for the memory chips that power artificial intelligence.

China's ambassador warns Australia on buyback of key port

China will act to defend its companies' interests if Australia forcibly buys back control of the strategic northern port of Darwin, Beijing's ambassador has warned.

As US tensions churn, new generation of protest singers meet the moment

American singer-songwriters are taking up the protest torch like their forebears Woody Guthrie, Pete Seeger and Joan Baez, releasing tracks featuring searing criticism of Donald Trump and homage to Minneapolis residents killed this month by federal immigration agents.

Venezuelans eye economic revival with hoped-for oil resurgence

Ronald Herrera remembered the prosperity that Puerto Cabello enjoyed decades ago as home to the El Palito refinery -- once a symbol of Venezuela's oil boom.

Samsung Electronics posts record profit on AI demand

South Korean tech giant Samsung Electronics posted record quarterly profits on Thursday, riding strong market demand for its artificial intelligence chips.

Formerra to Supply Foster Medical Compounds in Europe

Expanded agreement infuses Formerra's European healthcare polymer portfolio with life-saving Foster® compounds.

Tesla profits tumble on lower EV sales, AI spending surge

Tesla reported a 61-percent drop in fourth-quarter profits on Wednesday due to lower auto sales and increased expenses as CEO Elon Musk ramps up technology investments.

Meta shares jump on strong earnings report

Meta on Wednesday reported quarterly earnings that topped market expectations, as revenue grew along with investments in artificial intelligence.

Anti-immigration protesters force climbdown in Sundance documentary

When immigration officials came to arrest two men targeted for deportation, a community sprang into action to protest what they said was a brutal policy by an inhumane government.

Springsteen releases fiery ode to Minneapolis shooting victims

American rock hero Bruce Springsteen dived into the outrage over the Trump administration's immigration crackdown with a fiery song released Wednesday that pays tribute to two protesters fatally shot by federal agents in Minneapolis.

SpaceX eyes IPO timed to planet alignment and Musk birthday: report

SpaceX is targeting a mid-June initial public offering that would coincide with a rare planetary alignment and founder Elon Musk's birthday, the Financial Times reported on Wednesday, as the billionaire entrepreneur seeks to raise a record $50 billion.

US Fed holds interest rates steady, defying Trump pressure

The US Federal Reserve held interest rates steady Wednesday at its first policy gathering this year, citing robust economic growth, as the central bank resists President Donald Trump's mounting pressure for cuts.

Neil Young gifts music to Greenland residents for stress relief

Veteran rock legend Neil Young has given Greenland residents free access to his catalogue, saying he hoped the gesture offered stress relief to those unsettled by US President Donald Trump's threats.

King Charles III warns world 'going backwards' in climate fight

King Charles III has warned the world is "rapidly going backwards" in curbing climate change and biodiversity loss, in an Amazon Prime documentary getting a Windsor Castle premiere Wednesday.

Rules-based trade with US is 'over': Canada central bank head

The era of rules-based trade with the United States is "over," Canada's central bank governor said Wednesday, echoing a stark warning from the the country's prime minister that President Donald Trump's impact on global trade is permanent.

Holocaust survivor urges German MPs to tackle resurgent antisemitism

Tova Friedman, one of the dwindling band of Holocaust survivors, took to the floor of the German parliament Wednesday to urge lawmakers to get "tougher" on resurgent antisemitism.

UK proposes to let websites refuse Google AI search

Britain's competition watchdog proposed Wednesday that websites be allowed to opt out of having content used by Google's "AI Overviews" feature as it tackles the technology giant's dominance in online search.

Trump says 'time running out' as Iran threatens tough response

President Donald Trump on Wednesday warned time is running out for Iran to come to the table and avoid US military action, provoking Tehran to retort that it would respond to any attack "like never before".

Germany cuts growth forecast as recovery slower than hoped

The German government on Wednesday lowered its 2026 growth forecast to one percent, conceding that efforts to kickstart Europe's beleaguered top economy with vast public spending were moving slower than hoped.

Amazon to cut 16,000 jobs worldwide

US online retail and cloud computing giant Amazon said Wednesday that it would be cutting 16,000 jobs worldwide as part of a restructuring, as it focuses spending on artificial intelligence.

Greenland dispute is 'wake-up call' for Europe: Macron

French President Emmanuel Macron said on Wednesday a standoff with the United States over Greenland was "a strategic wake-up call for all of Europe" as he hosted the leaders of Denmark and the Danish autonomous territory for talks.

The Prague Post - Economy (English)