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China's exports slow as trade war takes toll

Chinese exports grew at a slower pace than expected in May, according to official data on Monday, as shipments to the United States tumbled after Donald Trump's tariff blitz triggered global trade turmoil.

Climate change heightens risk of Indian farmer suicides

On a small farm in India's Maharashtra state, Mirabai Khindkar said the only thing her land grew was debt, after crops failed in drought and her husband killed himself.

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Ads pressured to evolve as AI changes Google search

As Google races to lead in artificial intelligence, it faces the challenge of making sure the technology doesn't slow its profit-pumping advertising engine.

German far-right voters don't deserve empathy, says director Akin

Director Fatih Akin's new movie at the Cannes film festival is about a boy learning to love his Nazi-supporting parents.

EU ready to tax Russian fertilisers as early as July

EU lawmakers are set to greenlight tariffs on fertiliser imports from Russia on Thursday, despite European farmers' fears the move risks sending global prices soaring.

Trier weaves his Cannes magic again with family affair

Joachim Trier found himself crying behind the camera as he shot "Sentimental Value", his moving new tale about a quietly fractured family that got a 15-minute standing ovation at the end of its Wednesday premiere at the Cannes film festival.

G7 finance chiefs seek unity as Canada talks near end

Talks among G7 finance ministers faced challenges Wednesday as the group worked to overcome divides on thorny issues like the impact of US President Donald Trump's tariffs and support for Ukraine.

Trump says mulling privatizing Fannie Mae and Freddie Mac

President Donald Trump said Wednesday he was considering selling off US mortgage-backing giants Fannie Mae and Freddie Mac almost two decades after they were brought under government control during a global financial crisis.

G7 finance chiefs begin talks under strain of Trump tariffs

G7 finance leaders exchanged pleasantries before tough discussions Wednesday, seeking to restore stability in the face of economic turbulence from US President Donald Trump's punishing tariffs -- and to strengthen support for Ukraine.

Bitcoin hits record high amid optimism over US legislation

Bitcoin hit a record high on Wednesday, driven by a wave of optimism over cryptocurrency legislation in the United States.

Dollar, US bonds under pressure as Trump pushes tax bill

A bond sell-off and declining dollar signalled investor unease Wednesday as Washington lawmakers contemplated a tax-cut bill that could push up the US deficit.

Third time lucky? South Africa presents revised budget

South Africa's finance minister presented Wednesday a third version of the 2025 budget after being forced to backtrack on a proposed increase in value-added tax that threatened to split the coalition government.

Dollar, US bonds under pressure amid global tensions and Trump tax bill

A bond sell-off and declining dollar signalled investor unease Wednesday as Washington lawmakers contemplated a tax-cut bill that could push up the US deficit.

Israeli 'warning' fire at diplomats sparks outcry amid Gaza pressure

Israeli troops fired warning shots during foreign diplomats' visit to the occupied West Bank on Wednesday, the military said, drawing condemnation as pressure mounted on Israel to allow aid into war-battered Gaza.

Trump Organization breaks ground on $1.5-bn Vietnam project

Eric Trump attended a groundbreaking ceremony in Vietnam Wednesday for a $1.5-billion luxury resort and golf course due to be developed by his father US President Donald Trump's real estate group.

Bloomberg financial markets data service hit by outage

Bloomberg, the financial data service used by traders around the world, was hit by an outage on Wednesday, briefly disrupting an auction of UK government debt.

EU plans to slash red tape for medium-sized companies

The EU unveiled plans Wednesday to cut red tape for medium-sized companies and abolish barriers for businesses to sell goods across the bloc as part of its efforts to catch up with China and the United States.

China's Baidu posts rise in Q1 revenue as seeks to grow AI presence

Chinese internet giant Baidu on Wednesday posted a quarterly revenue increase of three percent, as the firm seeks to grow its presence in artificial intelligence and expand its robotaxi business abroad.

Canal+ buyout of S.Africa's MultiChoice one step closer

South Africa's competition authority announced Wednesday it had approved the buyout of Africa's largest pay TV enterprise MultiChoice by France's Canal+, which wants to expand its footprint on the continent.

UK inflation hits 15-month high as utility bills soar

Britain's annual inflation rate surged more than expected in April as energy and water bills rose sharply, official data showed on Wednesday.

Oil prices jump on report of Israel prepping Iran strike

Crude prices rallied Wednesday following a report that US intelligence suggested Israel was planning a strike on Iranian nuclear facilities, which would send geopolitical tensions into overdrive and fuel regional conflict fears.

China slams US 'bullying' over new warnings on Huawei chips

Beijing condemned on Wednesday new US warnings on the use of AI chips by Chinese tech giant Huawei, vowing it would take steps against "bullying" efforts to restrict access to high-tech semiconductors and supply chains.

Japan farm minister resigns over free rice gaffe

Japan's farm minister resigned Wednesday after a gaffe about rice drew public fury in a country experiencing soaring prices of the cherished staple.

China slams US 'bullying' over new chip warnings

Beijing condemned on Wednesday new US warnings on the use of AI chips made in China, vowing it would take steps against "bullying" efforts to restrict access to high-tech semiconductors and supply chains.

Villagers vow to fight new Panama Canal reservoir 'to the end'

Magdalena Martinez has lived next to the Indio River all her life, but a planned dam aimed at shielding the Panama Canal from drought now threatens to swallow her home.

'Being a woman is a violent experience,' says Kristen Stewart

"I can't wait to make 10 more movies," Kristen Stewart told AFP the morning after making what Rolling Stone called "one hell of a directorial debut" at the Cannes film festival.

Canadian host of G7 finance talks 'optimistic' despite trade turmoil

Canada's Finance Minister Francois-Philippe Champagne expressed cautious optimism Tuesday at the start of a G7 finance leaders' gathering in his country, even as the advanced economies grapple with fallout from trade turbulence.

G7 finance chiefs gather with Trump tariffs, Ukraine war in focus

Top finance leaders from the G7 group of nations gathered in Canada for talks beginning Tuesday, with the war in Ukraine and economic turmoil unleashed by US President Donald Trump's tariffs at the top of minds.

Oasis fans could spend £1 bn on UK concerts: study

Oasis fans attending the band's upcoming UK reunion concerts could spend more than £1 billion ($1.3 billion) combined on tickets and outgoings such as transportation and accommodation, Barclays bank estimated Wednesday.

Peppa Pig gets new baby sister

Peppa Pig, the cartoon piglet known to millions of children for her muddy adventures, now has a baby sister named Evie, a UK television show said on Tuesday.

Google ramps up search with AI mode

Google on Tuesday said it was beefing up online searches with even more generative artificial intelligence, as it presses on with embracing AI despite fears for its ad-based business model.

Chanel reports 28% drop in full-year profit

French luxury group Chanel said Tuesday that it suffered a 28.2-percent drop in net profit to $3.4 billion last year because of "challenging" conditions in some markets.

Musk says will spend 'a lot less' on political campaigns

Billionaire Elon Musk on Tuesday said he was pulling away from spending his fortune on politics, asserting that his Tesla electric car company was doing well despite blowback due to his support of US President Donald Trump.

Equities rebound to track Wall St up as China cuts rates

Most markets rose Tuesday as risk appetite returned following the previous day's US rating-fuelled losses, with sentiment also boosted after China cut interest rates to historic lows.

The Prague Post - Economy (English)