The Prague Post

Featured

Oil turns lower, stocks gain on hopes of Hormuz opening

Oil prices fell on Tuesday, reversing earlier gains after US Treasury Secretary Scott Bessent said a deal could be reached with Tehran by Wednesday on re-opening the Strait of Hormuz to shipping traffic.

Oil edges higher, stocks gain as investors eye political risks

Global oil prices rose Tuesday, recovering some of the previous session's heavy losses as uncertainty surrounded the prospect of new talks to end the US-Iran war.

Last news

Migrants pick up pieces back home after fleeing South Africa

Back in his village in rural Malawi, Ahamadi Assani recalled his terror during an attack by anti-foreigner vigilantes in South Africa that led him to flee the country with just a few bags.

Reviving Montenegro's 'ancient' olive tree

At the edge of rugged Montenegrin foothills, a years-long effort to save one of the country's oldest olive trees, which locals say dates back millennia, is finally bearing fruit -- literally.

Resource rich PNG leaving its Pacific people behind: World Bank

Gold and gas-driven economic growth in Papua New Guinea, the South Pacific's largest nation, is leaving its people behind, the World Bank said on Thursday.

Most Asia markets down as tech firms take fresh blow

Tech stocks led losses across most of Asia on Thursday as investors continued to unwind huge bets on the sector that have propelled markets to record highs this year.

Budding chefs cook up new career at China's BBQ academy

Hunched over sizzling grills and shrouded in smoke, trainees at the Yueyang Barbecue Academy in southern China roast skewer after skewer of succulent beef tendon, perfecting the skills that could land them a restaurant job.

EU top court to rule on record 4.1 bn euro Google fine

The EU's top court will decide Thursday whether to uphold a record 4.1 billion euro ($4.7 billion) fine the bloc slapped on Google for anti-competitive practices related to its Android operating system.

Streamex is making digital gold accessible

Streamex is making commodities easy to acquire and trade, and the latest step puts it in regular brokerage accounts.

Mixed US auto sales in Q2 amid high gas prices

Automakers reported mixed second-quarter US sales Wednesday, illustrating continued demand for larger vehicles as well as strength in fuel-efficient models as high gasoline prices reverberated through showrooms.

US stocks retreat to open Q3 ahead of June jobs data

Wall Street stocks retreated following a choppy session Wednesday as Federal Reserve Chair Kevin Warsh emphasized the need to tame inflation ahead of closely-watched US jobs data.

'Gus' the T. rex presented in New York ahead of auction

One of the world's most complete Tyrannosaurus rex skeletons, nicknamed "Gus," was showcased Wednesday at Sotheby's auction house in New York ahead of its sale later this month.

Mixed US auto sales in 2nd quarter amid high gas prices

Automakers reported a mixed batch of second-quarter US sales on Wednesday, revealing continued demand for trucks and large models despite rising gasoline prices due to the US-Iran war.

US Fed chair says committed to combatting 'too high' prices

US Federal Reserve Chair Kevin Warsh said Wednesday the central bank was committed to fighting "too high" prices, as inflation fuelled by the US war on Iran surges through the world's largest economy.

Trump defends earning more than $1bn on crypto

US President Donald Trump on Wednesday defended earning around $1.2 billion from his family's cryptocurrency activities last year, saying "everybody's profiting" from his time in power.

Swedish court orders Google pay $1.46 bn for favouring its price comparisons

A Swedish market court on Wednesday ordered Google to pay some 14.3 billion kronor ($1.46 billion) in damages to price comparison site Pricerunner for promoting its own shopping comparisons in search results.

European stocks mostly drop with eyes on US Fed

European stock markets mostly dropped Wednesday ahead of a speech by the new head of the Federal Reserve, Kevin Warsh, that could indicate the timing of likely US interest-rate rises.

Chinese firm sells hyper-real, 'always loyal' humanoid robots

Their metallic frames covered in supple, lifelike skin, a posse of new Chinese robots meant for companionship can offer users AI-generated conversation or a hand to hold, complete with manicured nails.

China imposes 'national security' rules on overseas investments

China is intensifying its scrutiny of investments overseas with broad "national security" regulations taking effect from Wednesday, at a time of rising tech competition with Washington.

Trump earned over $1 bn from crypto ventures in 2025

US President Donald Trump recorded around $1.2 billion in income from his family's cryptocurrency activities during his first year back in office, according to financial disclosures released on Tuesday.

Indian sailors fear returning to Gulf after Middle East war

Indian sailors shaken by war have finally cleared the Strait of Hormuz after being stranded there for months, but some fear they have little choice but to return to make a living.

The Afghan women farmers keeping their village alive

In a remote province of northeastern Afghanistan, women farmers are playing a vital role in their community's survival among the snow-capped mountains.

World Bank to phase out lending to China by 2031

The World Bank will phase out its lending to China by 2031, according to the organization's new country partnership framework, a source familiar with the matter told AFP on Tuesday.

No corn dogs? Trump's 'Great American State Fair' threatens to be a flop

Deserted booths, sparse crowds and prayer tents. Welcome to the Great American State Fair, where a celebration of the country's 250th birthday has morphed into a new political battlefront.

Tepid outlook weighs on Nike despite tariff refund boost

Nike earnings released Tuesday were lifted by a hefty US tariff refund, but weak sales in China and a tepid forecast weighed on shares.

CIA boss compares cutting-edge AI to nuclear weapons

CIA Director John Ratcliffe on Tuesday compared the capabilities of the most advanced artificial intelligence models to nuclear weapons in a tacit defense of the Trump administration's recent hard line on controlling the release of the most powerful AI technology.

Football brings joy to Venezuelan kids displaced by quakes

"What do we want to play?" Juan Cordero asks a group of Venezuelan children left homeless following last week's harrowing earthquakes.

German rail regulator backs Italian firm in competition spat

Germany's rail regulator on Tuesday backed Italian train firm Italo in a case it brought arguing it had been unfairly excluded from the market, paving the way for foreign companies to compete with the crisis-wracked German state operator Deutsche Bahn.

Inflation slows in top eurozone economies as ECB ponders next move

Inflation slowed in the eurozone's three largest economies in June, data showed Tuesday, boosting the likelihood of the European Central Bank keeping interest rates on hold at its next meeting.

Record number of 'new millionaires' in 2025, says UBS

Global personal wealth surged in 2025, with a record number of new millionaires, Swiss bank UBS said Tuesday.

Thousands march to demand illegal migrants leave South Africa

Thousands of people marched Tuesday in cities across South Africa to demand the departure of undocumented foreign nationals after a weeks-long campaign that has sent thousands fleeing and claimed four lives.

MEXC Lists Ondo's Tokenized Strategy Preferred Stock on Spot Market

MEXC, a pioneer in 0-fee digital asset trading, today announced the listing of Ondo's tokenized Strategy's preferred stock on its spot market, further expanding its tokenized U.S. stock offerings.

Stocks climb, yen stays near 40-year low against dollar

Renewed buying of technology stocks helped drive equity markets higher Tuesday while the yen held around a four-decade low against the dollar, reflecting the gap between Japan's low interest rates while US rates trend higher.

Germany's labour market dilemma: rising unemployment despite vacancies

Graduating with a degree in biology in Germany, Julia Unkelbauer thought she had done everything right. But applying for job after job since 2024 has so far resulted only in rejections.

The Prague Post - Economy (English)