In China's Hunan province, geologists have discovered an extraordinarily large gold deposit containing more than 1 000 tonnes of the precious metal. The discovery could have a major impact on the global gold market, as estimates suggest that the value of these reserves exceeds USD 87 billion. The discovery, reported by the Chinese media and conf...
How should pensions be increased from January 2025? The pension is made up of a basic rate and a percentage rate. In 2024, the basic rate is CZK 4,400. According to the draft regulation, the basic rate of the pension should increase by CZK 290 from January 2025, to CZK 4,690. The percentage should increase by 0.4%. This means that in absolute...
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...
The central bank's recent decision to cut base interest rates has had an impact on savings account interest rates, which have been falling since the start of the year and are now facing another wave of decline. Nevertheless, people are not abandoning this banking product. On Monday, the reduction in annual interest rates will affect clients o...
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...
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 ...
