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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.

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.

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France trolls US, Russia misinformation on X

When top US diplomat Marco Rubio criticised European culture on X this week, a team at the French foreign ministry was swift to hit back online.

German auto supplier ZF axes electric projects as demand stalls

Major German automotive supplier ZF Friedrichshafen said Friday it had scrapped some of its electric vehicle projects due to lacklustre demand, leading it to expect an annual loss.

ECB chief thanks Davos 'euro-bashers' as welcome wake-up call

After a week of hearing various US officials denigrate Europe, its leaders and its regulations at Davos, ECB chief Christine Lagarde said Friday that the harsh words could be just what the continent needed.

Trump says US 'armada' headed toward Gulf

President Donald Trump said a US "armada" was heading toward the Gulf and that Washington was watching Iran closely, even after downplaying the prospect of imminent military action and saying Tehran appeared interested in talks.

Pakistan battles legions of fake doctors

Rusted nails hold used infusion tubes on the wall of a clinic run by one among hundreds of thousands of unqualified doctors operating across Pakistan.

Masar Destination Achieves LEED for Communities Gold Certification

Affirming its Commitment to Sustainability

NYC sues to block Dr. Phil-fronted police TV show

New York City has sued to block a TV show about the police department fronted by celebrity psychologist Dr. Phil that local officials say is "extremely problematic."

Ecuador, Colombia ramp up trade war with tit-for-tat energy levies

Colombia and Ecuador punished each other with dueling levies Thursday on fuel and other imports, escalating a trade and diplomatic feud over narco activity on their shared border.

Trump sues JPMorgan Chase, CEO Dimon, claims 'debanked' for politics

US President Donald Trump sued JPMorgan Chase and CEO Jamie Dimon on Thursday, alleging he was wrongly "debanked" for political reasons, according to a civil complaint.

Musk's Grok created three million sexualized images, research says

Elon Musk's AI chatbot Grok generated an estimated three million sexualized images of women and children in a matter of days, researchers said Thursday, revealing the scale of the explicit content that sparked a global outcry.

Venezuela looks to petrodollars to bring down prices

The United States' grab for Venezuela's oil, while shocking, may yet provide a short-term boost for the South American nation's haggard economy.

Musk makes Davos debut with promise of robots for all

Elon Musk sees his humanoid robots hitting the market next year, one of several "optimistic" forecasts by the US tech mogul at his first-ever Davos appearance on Thursday.

NYC sues to block Dr. Phil-fronted police documentary

New York City has sued to block a documentary about the police department fronted by celebrity psychologist Dr. Phil that local officials say is "extremely problematic."

WTO chief slams rise of trade protectionism

World Trade Organization chief Ngozi Okonjo-Iweala slammed the global rise of protectionism on Thursday in Davos, while stressing that most international trade continues according to WTO rules.

'Oasis of stability': Madrid becomes luxury housing haven

Madrid has emerged as a coveted global luxury housing destination as Latin American and US investors fuel a real estate boom, seduced by competitive prices and high living standards.

Games giant Ubisoft suffers share price collapse

Trading in French video game giant Ubisoft was briefly suspended Thursday following a dramatic fall in its share price, a day after the firm announced it expected to make huge losses this year.

Japan suspends restart of world's biggest nuclear plant

The restart of the world's largest nuclear power plant was suspended in Japan Thursday just hours after the process began, its operator said, but the reactor remains "stable".

South Korea's economy grew just 1% in 2025, lowest in five years

South Korea logged its slowest growth in half a decade in 2025, the country's central bank said Thursday, while exports rose on the back of a boom in artificial intelligence.

Higher heating costs add to US affordability crunch

Madeline Marchiano realizes that this winter’s runaway heating prices mean she can’t afford to raise her thermostat enough to warm her entire South Philadelphia rowhouse.

Ubisoft unveils details of big restructuring bet

Ubisoft on Wednesday ended a months-long wait for details of a restructuring the French games giant hopes will power it up to face a competitive market -- at the price of a string of cancelled games and a new round of belt-tightening.

Stocks steadier as Trump rules out force to take Greenland

Stocks mostly steadied Wednesday as US President Donald Trump said in a much-anticipated speech at Davos that he would not use force to take control of Greenland, though he did demand "immediate negotiations" to take control of the Danish arctic territory.

US hip-hop label Def Jam launches China division in Chengdu

Def Jam, the influential US record label, will launch a division in the "capital of Chinese hip-hop" Chengdu, its parent company Universal Music announced late Tuesday, in a vote of confidence for China's music scene.

European stocks dip ahead of Trump's Davos speech

European stocks slipped and precious metals hit fresh highs Wednesday as investors awaited US President Donald Trump's speech at Davos amid his push to seize Greenland.

Japan restarts world's biggest nuclear plant

The world's biggest nuclear power plant was restarted Wednesday for the first time since the 2011 Fukushima disaster, its Japanese operator said, despite persistent safety concerns among residents.

Burberry sales rise as China demand improves

Burberry posted a slight rise in sales on Wednesday, as the British luxury fashion label's turnaround plan showed signs of progress, helped by improving demand in its crucial China market.

Botswana warns diamond oversupply to hit growth

Botswana is sitting on nearly double its permitted diamond stockpile as weak prices and rising competition from lab‑grown stones curb demand, the government said, warning the glut will weigh on economic growth.

Japan to restart world's biggest nuclear plant Wednesday

The world's biggest nuclear power plant is set to restart on Wednesday for the first time since the 2011 Fukushima disaster, its Japanese operator said, despite persistent safety concerns among residents.

What growth?: Taiwan's traditional manufacturers miss out on export boom

Taiwan's economy soared last year on skyrocketing exports of AI hardware and semiconductors, but companies in more traditional manufacturing sectors could only look on with envy as they were clobbered by US tariffs and a strong local currency.

US regulator appeals Meta's court victory in monopoly case

The US Federal Trade Commission said Tuesday it was appealing a court ruling that dismissed its antitrust case against Meta, insisting the tech giant illegally monopolized social media.

Netflix shares fall as revenue appears to stall

Netflix shares fell more than five percent on Tuesday as the streaming entertainment giant said it expected revenue to be essentially flat in the current quarter after years of growth.

France PM forces part of budget through parliament without vote

French Prime Minister Sebastien Lecornu on Tuesday rammed part of the 2026 budget through parliament without a vote, exposing himself to a no-confidence motion, after negotiations reached an impasse.

Eyeing China, EU moves to ban 'high-risk' foreign suppliers from telecoms networks

The EU executive on Tuesday proposed banning third-country companies from European mobile networks if they are deemed a security risk, in a move seen as targeting China.

The Prague Post - Economy (English)