The Prague Post

US Federal Reserve expected to hold rates steady as inflation swirls

The US Federal Reserve is set to hold its second meeting under new chairman Kevin Warsh starting Tuesday, with markets expecting policymakers to keep interest rates steady amid inflation concerns that could be exacerbated by US President Donald Trump's renewed war on Iran.

Merz vows justice after deadly car ramming near Berlin Gay Pride event

German Chancellor Friedrich Merz vowed Sunday to punish those responsible after a car struck people near of Berlin's Gay Pride celebrations, killing at least one person and wounding 16 others.

Merz vows justice after deadly car attack near Berlin Pride event

German Chancellor Friedrich Merz vowed Sunday to punish those responsible after a car struck people on the outskirts of Berlin's Gay Pride celebrations, killing at least one person and wounding 16 others.

'Betrayal': The young victims of India's exam leak scandal

Growing up with a chronically ill mother in a remote village in India, Rema Begum aspired to become a doctor until her dream was cut short by her own tragic death.

'The Odyssey' sparks IMAX stampede -- and a backlash

Box office phenomenon "The Odyssey" by Christopher Nolan has been a powerful promotional tool for IMAX cinema technology, but it has also provoked a backlash online about its perceived elitism.

Paramount agrees to delay Warner Bros. merger

Paramount Skydance agreed on Friday to delay its $110 billion merger with Warner Bros. Discovery while a US lawsuit seeking to block the deal moves forward.

Mixed day for global equities as oil prices retreat

The main international oil contract Brent North Sea fell back under $100 Friday after surging past the key milestone the previous day on escalating Middle East strikes, helping US and European stock markets stabilize.

Trump tariff wall set to stay after Supreme Court blow: analysts

Circumventing the US Supreme Court, President Donald Trump has found a way to resurrect his tariff wall in a fashion that analysts say could prove more durable to legal challenges.

Canada inaugurates US border bridge after cancelling joint ceremony

Canada quietly inaugurated a border bridge with the United States on its own on Friday, after cancelling a joint ceremony following this week's announcement of new US tariffs on several Canadian products.

Trump says EU to pay 'very big price' for Google fine

US President Donald Trump on Friday threatened to hit the European Union with tariffs and a formal trade investigation over Brussels' latest antitrust penalty against Google.

Anthropic bets on cheaper AI with new model

Anthropic on Friday released Claude Opus 5, a new artificial intelligence model the company says approaches the performance of its most powerful system at half the price.

British sprinter Ujah denies alleged cryptocurrency fraud

British sprinter CJ Ujah has denied being involved in an alleged cryptocurrency fraud.

Stock markets recover as oil retreats

The main international oil contract Brent North Sea fell back under $100 Friday after surging past the key milestone the previous day on escalating Middle East strikes, helping US and European stock markets stabilise.

Autonomous fighter jets target Europe market at Farnborough airshow

As Europe ramps up its rearmament drive, US aerospace giant Boeing is seeking a foothold in the emerging market for autonomous fighter aircraft, showcasing its capabilities at the Farnborough airshow this week.

MEXC Expands Ondo Tokenized Stock Offerings with AI Infrastructure and Mining Assets

MEXC, a pioneer in 0-fee digital asset trading, announced the expansion of its Ondo tokenized stock offerings as part of its collaboration with Ondo Finance, with the addition of four new tokenized U.S. stocks spanning AI infrastructure and mining companies. The latest additions broaden users' access to some of today's most closely watched investment themes.

Wildberries: Russia's Amazon that became a target for Kyiv

Ukraine has hit the warehouses of Russia's largest online retailer Wildberries -- Moscow's equivalent of Amazon -- at least three times in a week, killing several employees, causing fires and business losses.

UN urges evacuation of 6,000 sailors stranded in Hormuz strait

The United Nations on Friday called for the safe evacuation and repatriation of some 6,000 sailors stuck in a "dire humanitarian and human rights crisis" in the Strait of Hormuz.

Oil prices retreat after surge, as stock markets diverge

The main international oil contract Brent North Sea fell back under $100 Friday after surging past the key milestone the previous day on escalating Middle East strikes.

Volkswagen profits skid on one-off costs, China competition

Volkswagen said Friday that net profit fell by a third in the second quarter as the crisis-hit carmaker -- weighing up to 100,000 job cuts worldwide -- grappled with increasing competition in and from China.

South Korean tycoon ordered to pay $644m in divorce

A South Korean court ordered an AI chip-manufacturing tycoon on Friday to make a trimmed-down $644 million divorce payment to his former wife.

Volkswagen profit plunges as carmaker weighs mass job cuts

Volkswagen said Friday that its net profit plunged in the second quarter as the crisis-hit carmaker, weighing up to 100,000 job cuts worldwide, grapples with increasing competition in and from China.

Stocks suffer fresh blow as markets hit by perfect storm

Asian markets sank Friday to track a selloff on Wall Street as world markets are battered by a perfect storm of the resurgent Middle East war, a spike in oil prices back past $100 and worries about the AI investment boom.

Over 80% of Mexican exports exempt from new US tariffs

Over 80 percent of Mexican exports to the United States will be exempt from a new round of tariffs announced by Washington, Mexican Economic Secretary Marcelo Ebrard said Thursday.

Trump under pressure from all sides over Chinese AI surge

US President Donald Trump is under pressure to respond to the increasing success of Chinese AI models that many companies prefer to the more powerful, but pricier, US versions from Anthropic or OpenAI.

NOVARION and TAROX enter Strategic Partnership for IT Infrastructure and Agentic AI

The combined product portfolio delivers turnkey data center solutions.

World Bank confirms plan to phase out China lending by 2031

The World Bank on Thursday confirmed that it plans to phase out its lending to China by 2031, according to the organization's new country partnership framework (CPF) for the world's second-largest economy.

US unveils new tariffs on 60 partners as Trump rebuilds trade agenda

The United States said Thursday that it would impose new tariffs on 60 trading partners over forced labor concerns, replacing an expiring global duty rolled out by President Donald Trump earlier this year.

Airbus, Boeing fly in different directions at Farnborough

Airbus and Boeing presented differing outlooks for their commercial aircraft in coming years, as the aviation sector gathered near London for this week's Farnborough airshow.

NATO to overhaul European fuel pipeline network

NATO countries have agreed a 27-billion-euro overhaul of their fuel network to supply forces in Europe in coming decades, in a move Romania hailed on Thursday as "essential" for security.

Oil soars above $100 as Middle East fears grow

Oil prices surged past $100 a barrel on Thursday as Iran-backed Houthi rebels targeted Red Sea shipping and threats by US President Donald Trump to strike them in return sent equity markets slumping.

Swelling jet fuel costs hit American Airlines outlook

American Airlines lowered its annual profit outlook Thursday, hitting shares while the carrier pointed to swelling jet fuel costs as a negative counterweight to healthy travel demand.

Venezuelans turn to scrap collecting in quake-hit beach 'paradise'

In normal times, La Mar Suites is buzzing with tourists drawn to the crystal beaches, mangroves and wildlife of northern Venezuela.

The Prague Post - Economy (English)

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Most stock markets gain, while oil prices edge up after latest plunge

Weak yen helps auto giant Toyota raise forecasts

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