Business
Elon Musk once scoffed at the idea that a Chinese carmaker could compete with his Tesla. Now, the Chinese brand BYD, previously unheard of by many, is on track to become the world leader in electric vehicle sales. In the third quarter, the American Tesla sold 435,000 electric vehicles, while BYD, in which American billi...
Audit firm EY is facing another lawsuit in connection with the collapse of German financial firm Wirecard. Wirecard's insolvency administrator, Michael Jaffe, has filed a claim for damages of €1.5 billion (approximately CZK 37 billion) against EY. This information was published by Reuters on Friday. EY acted as Wirecard's auditor for several yea...
The dispute between tech giants Apple and Google and game studio Epic Games over transaction fees on the official App Store and Google Play has entered another phase, with a California jury returning a verdict in favour of the makers of the popular game Fortnite. This court battle has roots dating back to 2020 and concerns the fees Apple and Goo...
US fast food chain McDonald's has announced its ambitious plan to open around 10,000 new locations worldwide by 2027, the most significant expansion in its history. The company aims to operate 50,000 restaurants worldwide and reach a customer base of up to a quarter of a billion. McDonald's is taking advantage of the unstable economic situati...
In the third quarter of this year, the Allwyn betting company recorded a significant increase in its revenues, which doubled. Gross operating profit exceeded €1 billion after just nine months of the year, indicating that billionaire Karel Komarek's firm is on course to surpass its results from last year. This success is partly attributed to the ...
Actress Jitka Schneider has become the face of a collagen powder promotion, with her YouTube video recommending the protein to strengthen skin and improve appearance. The trend around collagen in dietary supplements has seen a significant rise, although exact statistics are lacking. Experts estimate that among all dietary supplements, collage...
The Czech company FTMO has achieved extraordinary success, becoming the fastest growing company in Central and Eastern Europe three times in a row. Their trading platform for amateur stock traders has received international recognition, with more than a million clients having already tried this innovative approach. Key to their success is an ...
At the beginning of the last decade, a bold idea was conceived to bring the luxury experience of hotel bedding into ordinary homes. This vision was transformed by a group of entrepreneurs, led by former football midfielder Marc Gecov, into the Lejaan brand. Although the original goal was to bring hotel comfort to Czech homes, the Lejaan brand qu...
Cyber fraudsters are increasing their attacks on bank accounts, resulting in loss of funds for their victims. The European Commission proposes that banks should be obliged to pay compensation in most cases where fraud is not detected in time. However, this proposal is not in line with the wishes of the banks, which claim that the obligation t...
