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Ukraine's Zelensky eyes Trump talks after 'progress'

Ukrainian President Volodymyr Zelensky said Monday he expected to discuss "key issues" with Donald Trump as the American-led push to end Russia's war on Ukraine accelerated, with the US president's envoy heading to Moscow.

US to zero out tariffs on UK pharma under trade deal

The United States on Monday exempted British pharmaceuticals from import tariffs under a unique deal which sees the UK increase spending on American drugs by 25 percent.

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EU, Africa pledge to boost trade, tackle migration at summit

European and African leaders committed to strengthening trade and better tackling irregular migration Tuesday, at the end of a summit aimed at boosting ties between the two continents.

EU gives Germany free pass over defence spending

Germany will escape EU punishment for breaking the bloc's budget rules because of a defence spending exemption, the European Commission said on Tuesday.

US retail sales miss expectations as consumers see higher costs

US retail sales grew at a slower pace than anticipated in September, government data showed Tuesday, as higher prices added to affordability concerns while firms grappled with an uptick in business costs.

Wall Street leads European equities higher as rate cut hopes rise

A solid opening for New York equities underpinned European stocks Tuesday as the tech sector extended a strong run and a US rate cut next month was seen as a near-certainty.

Kyrgyzstan arrests Chinese CEO of gold mining firm

Kyrgyzstan said Tuesday it had arrested the Chinese CEO of a gold mining firm accused of causing "large-scale" environmental damage, amid growing public scrutiny over Beijing's influence in the Central Asian country.

Palestinians fear new Israeli settlement will wreck their town

In a town near Jerusalem, a growing number of houses and businesses are receiving demolition and evacuation notices, and Palestinian residents link the drive to Israel's approval of a major new settlement project.

Asia markets advance as odds for another Fed rate cut grow

Asian investors on Tuesday welcomed more dovish comments from Federal Reserve officials reinforcing hopes it will cut interest rates next month, while a tech-led rally on Wall Street soothed recent AI bubble worries.

Toulouse prosecutor to probe Jaminet's 450,000 euros transfer buy out

A public prosecutor's office said on Monday it was opening a preliminary investigation into the 2022 transfer of France full-back Melvyn Jaminet's to Toulouse from Perpignan.

Stocks up as US rate hopes soothe nerves

Global stock markets and the dollar mostly firmed Monday as fresh hopes for a US interest-rate cut provided calm after last week's rollercoaster ride fuelled by worries of an AI tech bubble.

Italian fashion titan Zegna to hand over power

Gildo Zegna, grandson of the eponymous fashion brand's founder Ermenegildo Zegna, will hand over the reins of the group to its finance director and the fourth generation of family leaders in January, the group announced Monday.

EU, Africa leaders talk trade and minerals in Angola summit

European and African leaders gathered in Angola Monday for a summit to deepen economic and security ties that also presented the chance for emergency talks on Ukraine.

Stocks rise as US rate hopes soothe nerves

Stock markets and the dollar mostly firmed Monday as fresh hopes for a US interest-rate cut provided some calm after last week's rollercoaster ride fuelled by worries of an AI tech bubble.

Germany business morale falls as hopes for revival dim

German business sentiment fell more than expected in November, a survey showed Monday, the latest sign that industry is losing faith in the government's plans to revive the economy.

EU says will push US to lower steel tariffs

The EU will Monday urge the United States to implement more of the transatlantic trade deal struck in July, including cutting tariffs on steel, during talks in Brussels with US Commerce Secretary Howard Lutnick.

Beloved Bollywood star Dharmendra dies at 89

India's hugely popular Bollywood star Dharmendra, who was equally at ease in romantic comedies and high-octane action blockbusters, died aged 89 on Monday.

Belgium hit by three-day national strike

Belgium steeled itself for closed schools and disrupted train and air travel as three days of strikes kicked off Monday in protest at government austerity plans aimed at shrinking the national debt.

Singapore sets course for 'green' methanol ship fuel supplies

Singapore will start issuing bunkering licences next year to companies supplying methanol as marine fuel, in an effort to help global shipping cut carbon emissions, officials said Monday.

Belgium prepares for three days of national strikes

Belgium faces closed schools and disrupted train and air travel as unions call for three days of strikes starting Monday to protest the government's proposed spending cuts and labour law changes.

Rising from the ashes: Mogadishu's building boom

Mogadishu is rising, literally, from the ashes of decades of war. Pavements remain scarred by bullet holes and ruined buildings still line many streets, but the city's cacophony is now one of construction, not destruction.

Despite doubts over economy, Americans set for record holiday spending

Americans are expected to spend a record amount over the holiday season, despite lingering worries in the world's biggest economy about stubborn inflation, tariffs and the knock-on effects of the government shutdown.

Australian mining giant BHP drops Anglo American takeover bid

Australian resources giant BHP said Monday it had dropped a bid to take over British rival Anglo American that would have created the world's largest miner of copper.

Tomorrowland bets on Chinese dance music fans with first indoor event

"Are you ready Shanghai?!" screamed the DJ, his glowing booth nestled at the heart of a huge intricate structure of pulsating colour and sound.

Slovenia to hold new vote on contested assisted dying law

Slovenia holds a new referendum Sunday on whether a law legalising assisted dying will be enforced or suspended after critics mounted a campaign against the legislation.

$Geopolitical fractures and Ukraine worries sap G20 summit$

Geopolitical fractures and Ukraine worries sap G20 summit

The G20's role in fixing economic crises is threatened by geopolitical fractures, leaders warned Saturday at a summit in South Africa boycotted by the United States.

'This must stop': Thousands rally in France after murder linked to anti-drug activism

Thousands of people gathered in Marseille on Saturday to honour the brother of an anti-drug activist murdered in France's second largest city last week after his death sparked nationwide calls to confront drug crime.

Western rift over Ukraine and Trump absence mar G20 summit

A US-European rift over the future of Ukraine threatened to overshadow a G20 summit that started in South Africa on Saturday marked by the absence of Donald Trump.

Cricket World Cup for blind women helps change attitudes

On a lush cricket ground outside Colombo the sharp jingling of a ball cuts through the afternoon air. Every rattle is a pushback against the stigma of disability.

Japan businesses brush off worries over China tourists

Shiina Ito has had fewer Chinese customers at her Tokyo jewellery shop since Beijing issued a travel warning in the wake of a diplomatic spat, but she said she was not concerned.

G20 summit opens in South Africa without Trump

A US-European rift over the future of Ukraine is set to overshadow a G20 summit starting in South Africa on Saturday further marked by Donald Trump's pointed absence.

US stocks creep ahead after tech-fuelled Asia rout

US markets crept ahead in early trading while European counterparts marked time Friday in response to sharp losses in Asia at the end of a week which has seen heightened fears of a bursting AI bubble.

How US sanctions on Russia's Lukoil hit Bulgaria's largest refinery

By taking over the Balkan's largest refinery from Lukoil, Bulgaria has for now avoided punishing US sanctions against the Russian oil giant, which enter into force on Friday.

Europe increasingly 'vulnerable' to shocks: ECB chief

European Central Bank chief Christine Lagarde warned Friday the region was increasingly "vulnerable" to shocks like US tariffs and is lagging behind in areas that will drive growth such as AI.

The Prague Post - Economy (English)