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Dollar (USD) falls after unfavourable US labour market data

The US Dollar is weakening today following the negative US labour market data. The euro gained about 0.3 percent against the dollar to $1.0850...

Oil prices rise as China tries to ease concerns about its...

Oil prices are up more than a percent today after falling for three consecutive days. China's central bank is trying to boost the property...

Car sales in China fell for the second month in a...

Interest was not raised even by discounts Passenger car sales in China fell 2.6 percent year-on-year to 1.79 million vehicles in July. It decreased for...

Turkey’s inflation rate resumed rising in July to 47.83 percent

Turkey's inflation rate resumed growth in July after eight months of slowdown, rising to 47.83 percent. The hotels, restaurants, and cafes segment, as well...

British oil group BP’s profit fell by 70 percent, but the...

The British oil company BP managed a net profit of $2.59 billion (CZK 56.3 billion) in the second quarter, which is a year-on-year drop...

French carmaker Renault returns to net profit in the first half...

French carmaker Renault has posted a net profit of 2.12 billion euros in the first half of this year after a loss of 1.68...

UAE: The new industrial strategy to refresh the economy

The United Arab Emirates’ GDP should grow by around 3.5 percent this year, as expected by the IMF, which is far below pre-Covid growth rates. The...

US Treasury Secretary does not expect an economic recession in the...

US Treasury Secretary Janet Yellen does not expect the US economy to fall into recession, although it could be negatively affected by unexpectedly slow...

IEA: The turn to clean energy boosts demand for critical metals

The turn to clean energy is boosting demand for critical metals, says a new report International Energy Agency (IEA). The market for cobalt, nickel, lithium and copper,...

Polish refiner PKN Orlen buys Austrian petrol station network

Poland's largest refiner PKN Orlen, which owns Czech Unipetrol, has bought Austria's Doppler Energie, expanding its retail business into a seventh European market. Doppler...

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