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Markets mixed as traders weigh China-US row, rate cut hopes

Markets were mixed on Thursday as investors weighed the latest volleys in the China-US trade war and expectations that the Federal Reserve will continue cutting interest rates this year.

Markets mostly rise as traders weigh China-US row, rate cut hopes

Most markets rose Thursday as investors weighed the latest volleys in the China-US trade war and expectations that the Federal Reserve will continue cutting interest rates this year.

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EU green lights Prada's bid for Versace

The EU on Tuesday cleared Italian fashion label Prada's 1.25-billion-euro ($1.5-billion) purchase of rival Versace after finding the acquisition raised no competition concerns.

Gold hits record, dollar drops as US shutdown looms

Gold prices hit another record high, the dollar dropped and stock markets traded mixed Tuesday as traders prepared for a possible US government shutdown that could disrupt the release of key economic data.

Taliban internet cut sparks Afghanistan telecoms blackout

Afghanistan faced a second day without internet and mobile phone service on Tuesday, after Taliban authorities cut the fibre optic network.

Gold hits record, stocks mixed as US shutdown looms

Gold hit another record Tuesday, while equity markets were mixed as traders prepared for a possible US government shutdown that could affect the release of key economic data, though hopes for more Federal Reserve interest rate cuts provided support.

San Siro on course for demolition after sale to Inter and AC Milan approved

One of the world's most famous stadiums is set for demolition after Milan city hall early Tuesday approved the sale of San Siro, nicknamed football's La Scala, to the city's two football giants.

Taliban impose communications blackout across Afghanistan

Afghanistan faced a second day without internet and mobile phone service on Tuesday, after Taliban authorities cut the fibre optic network.

US tariffs on lumber imports set for October 14

US President Donald Trump on Monday set a slate of tariffs for lumber imports to go into effect October 14.

Stocks rise, gold hits record as rate cuts and shutdown loom

Equities rallied for a second day and gold hit another record Tuesday on growing Federal Reserve interest rate optimism, though traders were preparing for a possible US government shutdown that could affect the release of key economic data.

Taliban shut down communications across Afghanistan

Taliban authorities on Monday imposed a nationwide shutdown of communications, weeks after they began severing fibre optic connections to prevent "vice".

Electronic Arts to be bought by Saudi-led consortium for $55 bn

Video game giant Electronic Arts, known for The Sims and FIFA games, announced Monday it would be acquired for $55 billion by a consortium led by Saudi Arabia's Public Investment Fund.

Stock markets shrug off US government shutdown fears

Global stock markets mostly rose on Monday, shrugging off concerns about a looming US government shutdown.

TotalEnergies to boost output, cut $7.5 bn in costs

French group TotalEnergies on Monday announced plans to increase oil, gas and electricity production while cutting spending by $7.5 billion between 2026-2030.

Stock markets shrug off looming US government shutdown

Global stock markets mostly rose on Monday, shrugging off concerns about a looming US government shutdown.

Jaguar Land Rover to partly resume output after cyberattack

Jaguar Land Rover on Monday said it will partially restart production in the coming days after a damaging cyberattack halted operations at its UK factories.

Stocks gain, gold hits record as Trump readies new tariffs

European and Asian stock markets largely gained Monday and gold hit a record high after US inflation figures met expectations, soothing concerns about President Donald Trump's latest tariff salvo.

Germany's Lufthansa to slash 4,000 jobs as headwinds mount

Lufthansa said Monday it will cut 4,000 jobs, nearly four percent of the German airline giant's workforce, after profits slumped in the face of mounting headwinds.

Paris Olympics and Paralympics cost French state 6.6bn euros: audit body

The 2024 Paris Summer Olympics and Paralympics cost the French state 6.6 billion euros ($7.7 billion), the national audit body announced on Monday.

GSK switches CEO as Trump tariffs test pharma

British pharmaceutical giant GSK on Monday said longtime chief executive Emma Walmsley will be replaced by its chief commercial officer in January, as the company navigates US tariffs on the sector.

Most markets track Wall St gains after US inflation data

Most markets rose Monday and gold hit a record high following US inflation figures that met expectations and soothed concerns about Donald Trump's latest tariff salvo.

Germany's Lufthansa to slash 4,000 jobs by 2030

German airline group Lufthansa said Monday it will cut 4,000 jobs, nearly four percent of its workforce -- a move underscoring the slump gripping Europe's largest economy.

Most Asian markets track Wall St higher after US inflation data

Most Asian markets rose Monday, tracking gains on Wall Street, following US inflation figures that met expectations and soothed concerns about Donald Trump's latest tariff salvo.

'New chapter': Paris Fashion Week to showcase industry makeover

Shows by Saint Laurent and Weinsanto will kick off a hotly anticipated Paris Fashion Week on Monday, with a dozen brands set to showcase new creative directors following a major industry shakeup.

Embattled Australia telco giant hit by another major outage

Australian telecommunications giant Optus said Monday it had suffered a network outage that prevented calls to emergency services, just over a week after a similar interruption of service linked to four deaths.

'One Battle After Another' debuts top of N. America box office

Paul Thomas Anderson's action thriller "One Battle After Another" stormed to the top of the North American box office on its debut weekend, industry estimates showed Sunday.

Stars turn out for Armani's final collection in Milan

Hollywood stars Cate Blanchett, Glenn Close and Richard Gere turned out Sunday for the Giorgio Armani show in Milan, the final collection the Italian designer worked on before his death.

Zurich votes to ban petrol leaf blowers

Residents of Zurich voted Sunday to ban the use of petrol-fuelled leaf blowers and leaf vacuums over noise and air pollution concerns in public and private spaces.

US actress-singer Selena Gomez weds music producer Benny Blanco

American actress and singer Selena Gomez married her boyfriend, music producer Benny Blanco, in a star-studded southern California wedding ceremony on Saturday.

Zaporizhzhia nuclear plant off grid; Russia, Ukraine trade blame

The Russian-occupied Zaporizhzhia nuclear plant has been off the grid for four straight days, Ukraine and Russia said Saturday, blaming each other for attacks on power lines.

Two women die trying to cross Channel from France

Two women, both Somalis, died Saturday while trying to cross the Channel to Britain, French authorities said, adding that the body of another migrant had been found in a canal.

Trump urges Microsoft to fire ex-Biden administration official

US President Donald Trump called on Microsoft on Friday to fire its head of global affairs, Lisa Monaco, a former senior official in Democratic administrations.

More questions than answers surround Trump's TikTok deal

Lufthansa planning thousands of job cuts: sources

Lufthansa is planning to cut thousands of administrative staff as the German aviation giant seeks to reduce costs following a fall in earnings, sources close to the matter said Friday.

The Prague Post - Economy (English)