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Asian stocks mixed as tech sector struggles to rebound from selloff

Asian stocks were mixed Monday as investors struggled to recover from last week's tough run fuelled by disappointing earnings from tech titans, while eyes were also turning to the United States ahead of crucial midterm elections.

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As Trump returns, African exporters torn between hope and horror

Citrus growers in South Africa are among the businesses most nervous that duty-and-quota-free exports to the United States could be scrapped next year when Donald Trump takes office again.

Asian markets mixed as traders weigh Fed; bitcoin above $90,000

Asian markets diverged Thursday as investors digested US inflation data that supported the case for another interest rate cut next month but worries over the next Trump administration continued to cloud optimism.

Hunger in G20 host Brazil is Lula's unfinished fight

In Neide Fernandes's fridge there is no meat, no vegetables, but there are some 20 eggs -- "the least expensive" animal protein she can afford.

Biden, Xi arrive in Peru ahead of face-to-face at Asia-Pacific summit

US President Joe Biden and his Chinese counterpart Xi Jinping arrive Thursday in Lima for an Asia-Pacific summit overshadowed by the prospect of a world embroiled in trade wars under Donald Trump.

Bitcoin hits new highs, markets stall amid US inflation increase

Global equities stalled Wednesday while bitcoin hit a fresh high as traders digested a small rise in inflation and mulled what Donald Trump's presidency might mean for global trade and the adoption of cryptocurrency.

Buy now, pay later: Latin America pressured by Chinese online shops

Isidora Olave opens a package containing a T-shirt, a skirt and a handful of glitter stickers shipped to her front door in Santiago, Chile, all the way from China almost 20,000 kilometers (11,800 miles) away.

Trump victory signals golden era for crypto industry

Donald Trump's triumphant return to the White House signals a potential golden era for cryptocurrencies, whose influential backers heavily supported his presidential bid.

Markets stall, inflation and bitcoin rise amid Trump fears

Global equities stalled Wednesday as traders fret over the impact of Donald Trump's presidency on the Chinese and global economies amid fears his policies could also reignite US inflation, which rose on latest data.

US consumer inflation rises in October on higher housing costs

US consumer inflation edged higher last month spurred by an increase in housing costs, according to government data published Wednesday, complicating the US Federal Reserve's plans to cut interest rates.

India delivery app Swiggy shares gain on market debut

Indian food delivery firm Swiggy rose nearly 17 percent on its market debut Wednesday after raising $1.34 billion in the country's second-biggest IPO this year, as investor optimism offset profit concerns.

Airlines ground Bali flights after volcano erupts

Airlines cancelled flights to and from the Indonesian resort island of Bali on Wednesday, leaving travellers stranded after a nearby volcano catapulted an ash tower miles into the sky.

Most Asian markets extend losses as Trump fears build

Asian markets fell again Wednesday as traders fret over the impact of Donald Trump's presidency on the Chinese and global economies, with fears that his policies could also reignite US inflation.

7-Eleven owner announces counter-bid to foreign buyout

The Japanese owner of 7-Eleven said Wednesday its founding family had offered a counter-bid to a takeover attempt by Canadian convenience store rival Alimentation Couche-Tard (ACT).

7-Eleven owner considers going private to avoid foreign buyout: reports

The Japanese owner of 7-Eleven is considering going private by buying back its own shares in a bid to avoid a takeover by Canadian rival Couche-Tard, reports said on Wednesday.

German lithium plant hopes to turbo-charge Europe's EV makers

Electric vehicles need batteries, and most batteries are made with lithium, a critical material European automakers are chasing as they face tough competition from China.

Asian markets extend losses as Trump fears build

Asian markets fell again Wednesday as traders fret over the impact of Donald Trump's presidency on the Chinese and global economies, with fears that his policies could also reignite US inflation.

New push for EU-South America trade deal despite French fury

A controversial trade deal between the EU and South America's Mercosur bloc is back in the spotlight with rekindled optimism that the two sides could conclude an agreement before the year is over.

Aga Khan emerald fetches record $9 mn in Geneva auction

A rare square 37-carat emerald owned by the Aga Khan fetched nearly nine million dollars at auction in Geneva on Tuesday, making it the world's most expensive green stone.

Leaders urge climate action -- and defend fossil fuels -- at COP29

Leaders of nations beset by climate disasters appealed Tuesday at the COP29 summit for greater urgency in fighting global warming, while others defended fossil fuels and their right to exploit them.

Trump tariff worries trip up stocks rally, dollar climbs

A stocks rally following Donald Trump's re-election lost steam Tuesday on worries of a possible trade war between China and the United States, analysts said.

Trump tariff worries trip up stocks rally

A stocks rally following Donald Trump's re-election lost steam Tuesday on worries of a possible trade war between China and the United States, analysts said.

Nuclear watchdog chief says room to manoeuvre on Iran 'shrinking'

The head of the United Nations nuclear watchdog warned Tuesday that "the margins for manoeuvre are beginning to shrink" on Iran's nuclear programme ahead of an important trip to Tehran.

Bayer shares hit 20-yr low as problems pile up

Bayer's shares plunged to a 20-year low Tuesday after the German chemicals giant cut its earnings outlook and posted a worse-than-expected loss on woes related to its troubled agrochemicals division.

Spain PM accused of 'blackmail' by tying budget to flood aid

Spain's minority left-wing government wants to galvanise its deadlocked 2025 draft budget by linking it to urgent reconstruction funds following devastating floods, sparking "blackmail" accusations from the conservative opposition.

Lineker to leave Match of the Day after 26 years

Former England football captain Gary Lineker will step down as host of the BBC's flagship Match of the Day highlights show at the end of the season, the broadcaster confirmed on Tuesday.

Environment groups lose appeal in Shell climate case in the Netherlands

Dutch judges ruled Tuesday against an appeal by climate groups who said oil giant Shell was not doing enough to curb its greenhouse gas emissions, striking down a landmark judgement three years ago.

South Korea prosecutors indict controversial American streamer

Controversial YouTuber and Twitch streamer Johnny Somali has been indicted for "causing a commotion" at a convenience store in South Korea, prosecutors said on Tuesday.

Asian markets drop as Trump worries kick in after China disappoints

Asian markets sank Tuesday as worries about the impact of a possible trade war between China and the United States when Donald Trump takes office, which compounded disappointment about Beijing's lack of extra measures to boost its stuttering economy.

Dutch court to rule in Shell climate appeal

Dutch judges will on Tuesday rule on an appeal by oil giant Shell against a landmark judgement binding it to reduce carbon emissions, which climate activists say it has not implemented.

Nintendo courts non-gamers in 'about-turn' strategy

Once confined to rectangular screens, chirpy plumber Mario and pointy-eared Princess Zelda are popping up in theme parks and toy stores as Nintendo goes all out to win non-gamer fans.

New Zealand delivers landmark apology to survivors of state abuse

New Zealand's prime minister delivered a historic apology Tuesday to victims abused in state care, acknowledging the "unimaginable pain" suffered within children's homes and psychiatric hospitals.

China's largest air show takes off with fighter jets, attack drones

Stealth fighter jets and attack drones took centre stage as China's largest air show officially opened on Tuesday, an opportunity for Beijing to showcase its growing military might to potential customers and rivals alike.

The Prague Post - Economy (English)