The Prague Post

Surging US consumer inflation hits three-year high in key challenge for Trump

US consumer inflation surged to a fresh three-year high in May, with soaring energy prices caused by US President Donald Trump's Iran war posing a key challenge to Republicans ahead of midterm elections.

Stocks drop ahead of key US inflation data

Stock markets fell on Wednesday as fresh strikes in the Middle East and a tech sell-off weighed on sentiment ahead of closely watched US inflation data.

Belfast stabbing suspect in court after 'terrifying' night of violence

Burnt-out cars and smashed windows littered Belfast streets on Wednesday as a Sudanese man appeared in court over a brutal knife attack that triggered "terrifying" violence against immigrants in Northern Ireland.

Tech leads Asia losses as rollercoaster week rumbles on

Stocks fell Wednesday to extend a rollercoaster week for markets, with tech firms once again bearing the brunt of the selling as investors fret over elevated prices and possible US interest rate hikes.

Belfast stabbing suspect due in court after night of violence

A Sudanese man was due to appear in court in Northern Ireland Wednesday over a brutal knife attack captured on video that triggered a night of violence by anti-immigration protesters.

Bollywood's Imtiaz Ali bets on Gen Z thirst for love

In an era dominated by hyper-violent blockbusters and larger-than-life action spectacles, Indian filmmaker Imtiaz Ali believes young audiences are searching for something deeper -- love that lasts.

Messi plushies see roaring trade as China firms get World Cup boost

Toy charms shaped like a goat and decked out in Lionel Messi's Argentina number 10 shirt pepper a factory tabletop in China, where sellers are betting on the country's lucrative fan market for a big World Cup boost.

Salt: integral ingredient of sumo stars' art

Paris will be the setting next weekend for one of Japan's oldest martial art forms, sumo wrestling, but an unheralded star of the major two-day tournament will be 100 percent French: the 200 kilogrammes of customised Guerande salt ordered by organisers.

Tech leads Asia losses, oil rises as rollercoaster week rumbles on

Stocks fell Wednesday to extend a rollercoaster week for markets, with tech firms once again bearing the brunt of the selling as investors fret over elevated prices and possible US interest rate hikes.

'The Donald of Dubai': property tycoon seeks to become data king

A UAE real estate magnate close to Donald Trump is pumping billions of dollars into data centres, hoping to cash in on the AI boom and become the global leader in the field.

Protesters torch buildings and vehicles, block roads over Belfast stabbing

Anti-immigration protesters torched buildings and vehicles in Belfast on Tuesday evening and blocked roads, a day after a stabbing allegedly by a Sudanese refugee, captured in a graphic video that shocked the country.

US tech shares resume sell-off while oil prices retreat

Global stocks mostly fell Tuesday as US tech shares faced another round of selling followed recent outsized gains and markets weighed the latest uptick in US-Iran tensions.

One killed as Kenyan protests at US Ebola centre turn violent

At least one person was killed as Kenyan police fought violent running battles and fired tear gas Tuesday at hundreds of people protesting against an Ebola quarantine centre being built for US citizens in a tourist town.

Stocks slump as US tech rebound falters, oil dips below $90

Stock markets fell Tuesday, giving back earlier gains as US technology stocks turned lower after weeks of solid gains on renewed doubts about prospects for AI names.

Stocks turn lower as US tech rebound falters

Stock markets fell Tuesday, giving back earlier gains as US technology stocks turned lower after weeks of solid gains on renewed doubts about prospects for AI names.

EU orders Meta to open WhatsApp to rival AI chatbots for free

The EU ordered Meta on Tuesday to give rival AI chatbots access to its WhatsApp platform for free within five working days as it carries out an antitrust probe, or risk a heavy fine.

Stocks rise, oil eases after Trump evokes Iran deal

Stock markets mostly rallied Tuesday and oil prices dipped after US President Donald Trump hinted at a deal with Iran in the coming days, while OpenAI's confirmation of a plan to issue shares rekindled demand for technology stocks.

Trump-linked resort plan ignites Albanian discontent

Thousands have taken to the streets across Albania for over a week, as a luxury resort development linked to US President Donald Trump ignites long-running discontent over corruption in the Balkan nation.

Oil prices drop, stocks rise on Mideast hopes

Stock markets mostly rallied Tuesday as investors returned to the AI trade, while easing Middle East tensions weighed on oil prices and the dollar.

Europe's top firms fuelling inequality with payouts: Oxfam

Europe's 100 largest companies pay out more than two-thirds of profits to shareholders on average, fuelling inequality and diverting cash which could be used for investment, Oxfam said on Tuesday.

UK government 'concerned' by abuse claims against West Ham co-owner

Allegations billionaire West Ham co-owner David Sullivan preyed on women for sex are "deeply concerning", the British government said Tuesday.

German factory output, exports rise but Iran war weighs

German industrial production and exports rose slightly in April, official data showed Tuesday, but analysts warned the momentum was too weak to signal an economic rebound as the Iran war weighs.

Business, unions unite against Swiss immigration cap push

Swiss business leaders and unions are mobilising ahead of a vote Sunday on capping immigration, which has triggered fears of dire impacts on employment and trade relations with the European Union.

China exports surge as Beijing withstands Middle East stress

Chinese exports surged by almost a fifth last month, official data showed Tuesday, as shipments of tech components and machinery helped the world's second-largest economy weather pressure from the Middle East war.

Asian stocks track Wall St tech bounce, oil eases on Mideast hope

Asian stocks enjoyed a partial rebound from the previous day's rout as investors returned to the AI trade, while easing Middle East tensions also provided support and pushed oil prices down.

Encouraging trial results for AstraZeneca's new weight-loss pill

A new pill developed by the British pharma firm AstraZeneca appears to help people lose a similar amount of weight to other GLP-1 oral drugs, trial results showed Monday.

Former rugby league star in Australia comes out as gay

Former rugby league hardman Kane Evans said he was finally at peace after coming out as gay -- the second man from the sport in Australia to do so and the first since 1994.

OpenAI makes move to go public one week after rival Anthropic

ChatGPT-maker OpenAI on Monday took the first step toward going public, one week after arch-rival Anthropic announced its own filing, as both companies look to raise the massive sums needed to expand.

Tech stock rebound drives Wall Street gains, oil pares rise after fresh strikes

Tech stocks drove global equity markets on Monday, with steep selling last week having a knock-on effect in Asia but attracting US investors to buy the dip, while oil prices rose moderately after Iran and Israel exchanged strikes against one another despite a purported ceasefire.

Apple tries again on AI, turns to Google for help

Apple unveiled an artificial intelligence overhaul for the iPhone on Monday, turning to Google for help two years after the company stumbled on a first attempt.

UN warns of 'deepening crisis' in oceans, urges action

Oceans are in a "deepening crisis" that demands urgent global action, a major UN report warned Monday, with seas warming and rising faster, ice cover shrinking and marine ecosystems under mounting strain.

Uber and Wayve set to launch first UK robotaxis in summer

Wayve, a British startup specialised in artificial intelligence for self-driving vehicles, said Monday it was ready to launch its robotaxi service with Uber in London as early as this summer.

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