At the beginning of the second week of August, stock markets experienced significant declines, causing concern among investors. Stock values were in considerable negative territory and analysts were quick to compare the situation with the last financial crisis. However, on Friday 9 August, the situation changed: the S&P 500 index had already...
The Italian fire brigade from Genoa has presented its special vehicle that is adapted for driving on railway lines. This vehicle will allow firefighters to intervene in areas where conventional vehicles would find it difficult to reach. At the Rivarolo railway depot, footage was filmed of five drivers being authorised to drive this special fi...
Garment factories in Bangladesh have resumed operations after a brief shutdown caused by violent protests. These factories, which account for around 90% of the country's exports, were forced to close due to a curfew imposed in response to the unrest. Although Prime Minister Sheikh Hasina Wajid has been ousted, the factories reopened on Wednesday...
Even before the panic triggered by new data from the US economy and Japan rocked global markets, bets were rising that the US central bank would start cutting interest rates in the autumn. Now it seems that an easing of the Fed's monetary policy is inevitable. Ben Carlson of investment firm Ritholtz Wealth Management looks at what lower rates co...
Online taxi service Uber has entered into a deal with Chinese electric car manufacturer BYD, the world's largest, to add 100,000 electric cars to its fleet. Both companies will offer Uber drivers incentives to switch to these vehicles through discounts on maintenance, charging, financing and leasing. The multi-year deal covers Europe and Latin A...
US politicians are now overreaching on the issue of bitcoin in strategic reserves. Bitcoin mining reached new records, ether ETFs had their first week and USDT issuer reports record profits. We bring you another weekly roundup in cryptocurrencies. At the Bitcoin 2024 conference in Nashville, Donald Trump gave a long-awaited speech that lived ...
PDD Holdings, the parent company of Chinese e-tailer Temu, has beaten analysts' estimates, posting a 131 percent year-on-year increase in revenue to 86.81 billion yuan (275.6 billion CZK) in the first quarter. This growth is attributed to Temu's strong consumer acceptance in international markets. Launched in September 2022, Temu's online mar...
Although drivers in the Czech Republic have not been required to carry a physical driving licence or a small technical licence for some time, there are still situations where it is advantageous to have a driving licence at least in digital form. A digital version of a driving licence can be useful, for example, for identity verification or other...
This year will be a challenge for the Google search engine. OpenAI has launched its search engine with artificial intelligence functionality that could significantly change the way we use internet search engines. The new SearchGPT search engine should be faster and more accurate than current standard search engines. How will SearchGPT work? ...
