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French government under pressure as lawmakers set to vote on wealth tax

French lawmakers were due on Saturday to vote on a wealth tax, after a swing group threatened to topple the government if the levy was not added in next year's austerity budget.

US wants to deport Salvadoran man in immigration row to Liberia

The US government wants to deport Kilmar Abrego Garcia, the Salvadoran man at the center of a row over President Donald Trump's immigration crackdown, to Liberia and possibly by month's end, a court filing showed Friday.

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Proof of life: tracking elusive Amazon group to save their land

A ceramic pot and the shell of a turtle, once hunted for its meat, are the most recent traces of an Indigenous community thought to live deep in the north Brazilian Amazon.

ECB expected to hold rates as more Trump tariffs loom

The European Central Bank looks set to keep interest rates unchanged on Thursday while the introduction of higher US tariffs threatened by US President Donald Trump hangs in the balance.

Australia lifts trade barriers on US beef

Australia said Thursday it would lift trade barriers on beef from the United States, removing a major point of friction between Canberra and the Trump administration.

Tesla profits drop as Musk warns of 'rough' patch before riches

Tesla reported another drop in quarterly profits Wednesday as CEO Elon Musk warned the company could face a few "rough" quarters following the elimination of federal tax credits for electric vehicles under President Donald Trump's big fiscal package.

Tesla reports 16% profit drop to $1.2 bn on lower auto sales

Tesla reported another drop in quarterly profits Wednesday on lower auto sales amid intensifying electric vehicle competition and lingering backlash over CEO Elon Musk's involvement in US politics.

Champagne makers cut harvest as global outlook fizzles out

France's champagne producers said Wednesday they were cutting the amount of grapes to be made into the region's celebrated fizz by 10 percent due to an uncertain economic outlook.

AI helps Latin scholars decipher ancient Roman texts

Around 1,500 Latin inscriptions are discovered every year, offering an invaluable view into the daily life of ancient Romans -- and posing a daunting challenge for the historians tasked with interpreting them.

France prosecutors request rape trial for Depardieu

French prosecutors have for a second time requested cinema icon Gerard Depardieu be tried for the rape of an actor decades younger than him, they said Wednesday.

Stock markets advance after Japan-US trade deal

Stock markets rose on Wednesday after Japan and the United States hammered out a trade deal to slash Donald Trump's tariffs, including those on the crucial car sector.

US existing home sales dip to 9-month low on high costs

Sales of previously-owned homes in the United States hit their lowest rate in nine months, according to industry data released Wednesday, as high home prices and mortgage rates weighed on the market.

Canal+ clears final hurdle to acquire S.Africa's MultiChoice

France's Canal+ said Wednesday it had cleared the final regulatory hurdle for the buyout of Africa's largest pay TV enterprise MultiChoice and further expand its footprint on the continent.

UK launches first sanctions in new strategy to deter migrant crossings

The UK imposed sanctions Wednesday on more than two dozen people, groups and suppliers from the Balkans, the Middle East and China accused of helping migrants cross the Channel.

Stock markets rally after Japan-US trade deal

Stock markets rose on Wednesday after Japan and the United States hammered out a trade deal to slash Donald Trump's tariffs, including those on the crucial car sector.

UniCredit boosts outlook after walking away from Banco BPM

Italy's UniCredit posted a sharp rise in quarterly profit on Wednesday despite lower revenues, a day after it withdrew its offer for smaller rival Banco BPM due to government interference.

'So Trump-like': relief but no surprise in Japan as US cuts tariffs

In the Japanese city of Seki, famed for its razor-sharp artisan knives, news that incoming US tariffs will be lowered is welcome but not entirely unexpected.

South Korea sees record birth rate growth for Jan-May

South Korea registered record birth rate growth during the first five months of the year, a statistics agency official told AFP on Wednesday.

Macron-Merz to hold talks on NATO and EU-US trade row

French President Emmanuel Macron is to meet German Chancellor Friedrich Merz in Berlin on Wednesday to discuss NATO security, the US-EU trade row and other key issues.

Who makes laundry smell nice? Meet the professional 'noses'

In the laboratories of German fragrance and flavours giant Symrise, a citrus scent clings to the lab coats of trainees -- "noses" who are learning the art of making things smell good.

Games giant Ubisoft bets on reorganisation to dispel blues

Struggling French video games giant Ubisoft shed light on a far-reaching reorganisation of its business Tuesday, as it reported disappointing sales in April-June.

Trump says confident US to reach Philippines trade deal

US President Donald Trump voiced confidence Tuesday at reaching a trade deal with the Philippines to ease his threatened tariffs as he welcomed his counterpart Ferdinand Marcos to the White House.

General Motors profits fall on tariffs

General Motors reported Tuesday that second-quarter profits tumbled by more than a third due to tariffs as it confirmed its full-year forecast.

US Treasury chief says no reason for Fed chair to step down

US Treasury Secretary Scott Bessent said Tuesday that he did not see a reason for Federal Reserve Chair Jerome Powell to resign immediately, a day after calling for a sweeping review of the Fed.

US Treasury chief eyes China tariff deadline extension in talks next week

US Treasury Secretary Scott Bessent said Tuesday that he would meet his Chinese counterparts in Stockholm next week for tariff talks, eyeing an extension to a mid-August deadline for levies to snap back to steeper levels.

Heatwave hits water, electricity supplies across much of Iran

A severe heatwave sweeping Iran has disrupted water and electricity supplies in much of the country, with reservoir levels falling to their lowest in a century, state media said Tuesday.

AstraZeneca to invest $50 bn in the US as tariff threat looms

British pharmaceutical giant AstraZeneca said Tuesday it would invest $50 billion in the United States by 2030 amid Donald Trump's threats to impose tariffs on the sector.

Price hikes nibble at demand for Lindt chocolate

Premium Swiss chocolate maker Lindt & Sprungli hiked its 2025 sales target as cocoa price hikes passed on to customers outweighed a drop in volumes.

Stocks mixed with trade and earnings in focus

Equity markets were mixed Tuesday as traders kept an eye on earnings from Wall Street titans this week while tracking US trade talks just over a week before the deadline for a deal.

AstraZeneca says to invest $50 bn in the US

British pharmaceutical giant AstraZeneca said Tuesday it would invest $50 billion in the United States amid a looming deadline of ramped-up tariffs from Washington.

Stocks mixed with trade and earnings in focus; Tokyo reopens with gains

Asian markets were mixed Thursday as traders kept an eye on earnings from Wall Street titans this week while tracking US trade talks just over a week before the deadline for a deal.

Without papers: Ghost lives of millions of Pakistanis

Ahmed Raza is invisible in the eyes of his government, unable to study or work because, like millions of other Pakistanis, he lacks identification papers.

France jails three in champagne 'slaves' case

A French court on Monday jailed three people for human trafficking in the champagne industry, exploiting seasonal workers and housing them in appalling conditions.

Stocks mostly rise as markets weigh earnings optimism and tariff fears

Wall Street stocks largely rose Monday as markets looked ahead to a heavy week of earnings reports following last week's overall solid results.

The Prague Post - Economy (English)