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US Senate poised to advance Trump aide's appointment at Fed

The US Senate is due to vote late Monday on the confirmation of President Donald Trump's choice to join the Federal Reserve's board -- as the clock ticks down to a key policy meeting.

Stocks push higher ahead of expected US rate cut

Stock markets mostly rose Monday as traders geared up for an expected interest rate cut by the US Federal Reserve this week.

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Murdoch family settles dispute on control of media assets

Rupert Murdoch's children have reached a settlement in the legal dispute over control of the right-wing media mogul's companies, News Corp and Fox Corp announced Monday.

OpenAI backs AI-animated film for Cannes debut

ChatGPT-maker OpenAI is backing the production of a feature-length animated film created largely with artificial intelligence tools, aiming to prove the technology can revolutionize Hollywood filmmaking with faster timelines and lower costs.

Macron scrambles to find new French PM after Bayrou ousted

President Emmanuel Macron will accept the resignation of Prime Minister Francois Bayrou on Tuesday after his government was ejected in a confidence vote, with the French leader rushing to find a successor and stave off a new political crisis.

Ex-WhatsApp executive sues Meta over alleged security failures

The former top security executive at WhatsApp filed Monday a US federal lawsuit alleging that parent company Meta systematically violated cybersecurity regulations and retaliated against him for reporting the failures.

French PM ousted in parliament confidence vote

France's parliament on Monday ousted the government of Prime Minister Francois Bayrou after just nine months in office, leaving President Emmanuel Macron scrambling to find a successor and plunging the country into a new political crisis.

BRICS leaders denounce protectionism, tariff 'blackmail'

Leaders of the 11-member BRICS bloc railed against economic protectionism and "tariff blackmail" during a virtual meeting Monday held amid a damaging trade war with US President Donald Trump.

Germany's VW, China's BYD face off at Munich auto show

Europe's top car manufacturer Volkswagen presented a series of more affordable electric vehicles Monday as Chinese EV titan BYD said it would start producing a cut-price model on the continent.

French PM set to fall after warning on 'life-threatening' debt

French Prime Minister Francois Bayrou was set to fall in a confidence vote in parliament on Monday, warning in a final speech that the country was facing a "life-threatening" crisis over its debt.

UN nuclear watchdog says hopes for inspections deal with Iran soon

The head of the UN nuclear watchdog said Monday that he was hopeful of reaching a deal with Iran on a full resumption of inspections of its sites in the "next few days", warning that "not much" time was left.

VW unveils affordable EVs to take on Chinese rivals

Europe's top car manufacturer Volkswagen on Monday presented a series of more affordable electric vehicles to take on fast-growing Chinese rivals as Germany's troubled auto sector seeks to turn around its fortunes.

Hometown funeral for Italian fashion legend Giorgio Armani

The private funeral of fashion legend Giorgio Armani was set to take place Monday in a picturesque village near Piacenza, in the northern Italian region where the designer grew up.

Stocks rise tracking political upheaval, data

Global stock markets rose Monday as traders focused on political upheaval in France and Japan, in addition to mixed economic data.

Millions hit as London Underground train workers strike

Rush-hour commuters faced chaos Monday as staff on the London Underground train network staged a five-day strike, shutting stations and forcing people to work from home or use alternative modes of transport.

Germany's US exports hit four-year low as tariffs bite

German exports to the United States dropped in July to their lowest level since 2021, data showed Monday, as President Donald Trump's tariffs exact a heavy toll on Europe's biggest economy.

Ariana Grande wins top MTV Video Music Award

Ariana Grande won the MTV Video Music Awards' top honor on Sunday, taking home Video of the Year for "Brighter Days Ahead", which also claimed Best Pop Song at the ceremony near New York City.

Sweden's Sami fear for future amid rare earth mining plans

Sweden's indigenous Sami fear they will lose their livelihood and culture if plans go ahead to mine a large rare earths deposit located on their traditional reindeer grazing grounds in the far north.

Trump warns foreign companies after S.Korean workers detained

President Donald Trump on Sunday warned foreign companies to obey US law after immigration officials arrested some 475 individuals including South Korean workers at a Hyundai-LG battery plant being built in the southern state of Georgia.

Asian shares rise as Japan politics weigh on yen

Asian markets rose on Monday, with Tokyo up nearly two percent after Japanese Prime Minister Shigeru Ishiba's decision to resign pushed down the value of the yen.

ECB set to hold rates steady with eye on France crisis

The European Central bank is expected to hold interest rates steady again this week with inflation under control and US tariff tensions easing, even as France's political crisis presents a new headache.

Racing betting tax hike will bring 'communities to their knees': Gosden

British racing is holding a one-day strike next week for the first time in its history in a tax dispute with the government.

Why Neutrinovoltaics Qualify as a Trillion-Euro Jump

Most technologies walk. A few run. Only rarely does one leap. The wheel allowed humans to move loads once thought impossible. The printing press turned literacy into a mass phenomenon. The internet compressed the globe into a single, searchable network. ...

Giorgio Armani to be buried Monday in private ceremony

Italian fashion designer Giorgio Armani, who died aged 91, will be buried on Monday in a private family ceremony in a village near Milan, local officials said.

Key OPEC+ members boost oil production

Eight key members of the OPEC+ alliance said Sunday they have agreed to again boost oil production, in a strategy analysts saw as a bid to gain a bigger market share of crude sales.

Pope declares 'God's influencer' first millennial saint

Tens of thousands of people gathered at the Vatican on Sunday as Pope Leo XIV proclaimed the Catholic Church's first millennial saint, an Italian teenager dubbed "God's Influencer" for his efforts to spread the faith online.

Seoul says over 300 South Koreans detained in US to be released

Seoul said Sunday that negotiations with the United States to secure the release of South Korean workers detained in an immigration raid have been "concluded" and they would soon be freed and flown home.

Huge crowds at the Vatican as teen becomes first millennial saint

Tens of thousands of people gathered at the Vatican on Sunday for the canonisation of an Italian teenager dubbed "God's Influencer" for his efforts to spread the Catholic faith online.

A 'real' movie fights back in anime-ruled Japan

Pensioner Shizue Kato didn't fancy the new "Demon Slayer" anime blockbuster and instead watched "Kokuho", a rare live action cinema hit in Japan, where animation rules.

Indonesia's delayed new capital risks 'white elephant' status

A year after it was inaugurated, Indonesia's would-be new capital Nusantara attracts tourists and construction workers, but most of its architecturally arresting presidential palace and freshly built avenues sit silent.

Tough negotiations and uncertainty ahead of OPEC+ meeting

Uncertainty loomed over what Saudi Arabia, Russia and six other key members of the OPEC+ alliance would decide on crude output in their meeting on Sunday, with analysts saying a production boost was also being considered.

Seoul says over 300 South Koreans held in US battery plant site raid

More than 300 South Koreans were among 475 people arrested by US immigration officials in a raid on a Hyundai-LG battery plant being built in the southern US state of Georgia, the foreign minister in Seoul said on Saturday.

Thousands expected to pay respects to Italian designer Giorgio Armani

Thousands of mourners from the fashion world and beyond are expected to pay homage on Saturday to Italian fashion giant Giorgio Armani, following his death aged 91.

EU massive fine against Google draws Trump threat

The EU on Friday slapped Google with a massive 2.95 billion euros ($3.47 billion) antitrust fine for favoring its own advertising services, drawing a furious rebuke from President Donald Trump and a threat of fresh tariffs against Europe.

The Prague Post - Economy (English)