Business
Forbes has published its annual ranking of the 100 richest Czechs and this year's ranking brings several interesting changes. Although the top three positions have remained the same, Andrej Babiš, who has regularly ranked in the top five in previous years, has dropped to seventh place this year. His position was taken by Radovan Vítek and Mic...
Karo Leather, a Czech leather processing company, published its financial results for the first half of this year on Thursday. The company successfully launched production at its new factory in Brtnica and confirmed its annual target for operating profit. Karo Leather, whose shares are traded on the Start market of the Prague Stock Exchange, ...
Fashion group Esprit plans to close all 56 of its stores in Germany by the end of this year, resulting in job losses for some 1,300 workers, according to DPA. The insolvent European arm of the company is expected to sell trademark rights to British financial investor Alteri. Esprit did not disclose the purchase price of the deal. The plan is to ...
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...
Energo-Pro profits from the production of electricity from water and made a gross profit of CZK 2.7 billion in the first quarter. This profit is expected to be three times higher for the full year. The company is benefiting from growing demand for green energy and expansion abroad. Czech entrepreneur Jaromír Tesar expects another successful year...
In today's dynamic retail world, customers have more shopping options than ever before. Online shopping has radically changed the way we acquire goods, but traditional brick-and-mortar stores still hold their place. This article compares online and offline stores and examines their advantages and disadvantages to provide a complete overview of b...
Driven by the boom in artificial intelligence (AI), US company Nvidia has grown significantly over the past year, so that its market value now exceeds the entire German stock market and even the gross domestic product of Russia or Canada. Only seven global economies and companies like Microsoft and Apple are ahead of it. When it released its ...
In the last financial year, Toyota Motor, Japan's leading carmaker, recorded an impressive rise in net profit, which almost doubled to a record 4.94 trillion yen, equivalent to about 742 billion kronor. This remarkable increase in profits was supported by several factors, including strong demand for vehicles following the end of the covid-19 pan...
A rollercoaster ride for Trump Media & Technology Group (DJT) shares has left investors reeling, as the stock's value has tumbled, erasing all the gains it had amassed since its debut in March. Once soaring to a high of $80 per share, the stock now languishes at approximately $37 per share, marking a significant downturn. The latest devel...
