Finance
In recent days, we have witnessed turbulence in the cryptocurrency market, especially when it comes to Bitcoin. Its value has been plummeting to the $62,000 level, a significant drop of more than 10 percent in a single week. This fall is in response to the recent decline in US stock indices, which have fallen by units of percent. This developmen...
Freshly released research from Reuters suggests that the Czech crown could emerge as the sole strengthening currency in Central Europe over the next 12 months. Other currencies either lack growth prospects or face persistent risks that may lead to their weakening. In the Czech Republic and Hungary, the reduction in interest rates led to a dep...
The European Union faces significant challenges that require urgent action and restructuring ahead of the upcoming European Parliament elections. The political direction is gradually changing, highlighting the need to respond to stagnation and lack of investment. The European Commission, most likely to be led again by Ursula von der Leyen, recog...
The Czech online business has recently seen significant personnel changes that will affect one of the biggest players on the market, Slevomat. Ladislav Veselý, the long-time director of this popular discount platform, recently announced his departure on parental leave. He is to be replaced by Tomas Braverman, former director of Heureka and one o...
Bitcoin experienced another decline earlier this week, but from a technical standpoint, a sideways consolidation is still underway and will likely last for a few more days. The consolidation is not a negative thing; on the contrary, it is setting the market up for a continuation of the current trend and creating a market equilibrium, which may l...
The administrator of the fallen crypto exchange has decided to sell two-thirds of its stake in the promising startup Anthropic for $884 million, allowing it to pay off former clients. The story of the bankrupt FTX exchange, which began in October 2019, will come to a head with a captivating ending. The villain, founder Sam Bankman-Fried, is behi...
Today, the gold price reached another historical record, breaking the $2,200 per troy ounce mark, which is equivalent to approximately 51,000 crowns. This price increase can be attributed mainly to expectations of interest rate cuts in the United States, which has increased the attractiveness of investing in gold. According to many analysts, thi...
Robe Lighting, based in Rožnov pod Radhoštěm, has recently made a strategic move into the professional lighting market by acquiring Australian company LSC Control Systems. This acquisition is an important step in Robe Lighting's efforts to strengthen its position as a major player in the world of professional lighting. LSC Control Systems, ba...
The stock value of Uber, the alternative taxi company, has reached an all-time high. After posting a net profit for the first time since going public in 2019, the company announced a $7 billion share buyback plan. After the coronavirus crisis subsided and employees returned to work, Uber began to thrive again. Last year, it posted black numbe...
