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At the request of the European Public Prosecutor’s Office in Prague, the Czech Police’s National Organized Crime Agency (NCOZ) detained 12 persons and carried out 42 searches in the regions of Prague, Central Bohemia and South Moravia. This is part of an investigation into procurement and subsidy fraud involving several projects of one of the major healthcare providers in the...

A Romanian man has been sentenced to four years in prison for making bomb threats and triggering “swatting” attacks on dozens of US officials and lawmakers, the Justice Department said. Thomasz Szabo, 27, who was extradited from Romania in November 2024, pleaded guilty in June to conspiracy and making threats involving explosives. The court sentenced him on Wednesday. “Members of Congress,...

When Alphabet, Microsoft, Amazon, and Meta released earnings on April 29, the headline numbers told a familiar story: AI spending is enormous, and capacity is tight everywhere. These four companies will collectively pour an estimated amount of over $700 billion into AI infrastructure in 2026, with each disclosing capital expenditures (capex) either at or near record levels. But the conference...

The Romanian leu fell to a record low against the euro on Thursday as concerns grew over the stability of Ilie Bolojan’s minority government, which faces a no-confidence vote on May 5. The National Bank set the rate at 5.14 to one euro, down from 5.10 on Thursday. The currency’s decline reflects investor uncertainty about Romania's political situation and the potential...

Britain has committed to forming a joint naval force with nine European partners aimed at deterring potential Russian threats along what it describes as the northern “open sea border,” the head of the Royal Navy has confirmed. General Sir Gwyn Jenkins stated that, even amid the ongoing Middle East crisis (where the Strait of Hormuz currently remains shut following the...

Romania's political crisis is deepening: the no-confidence motion on May 5 has a good chance of passing although it’s not certain. The two biggest parties, the PSD and AUR, have the necessary votes and can collect more from other parties. Three other facts make it likely that Ilie Bolojan’s government will fall: The signatures collected to submit the motion are higher...

President Nicusor Dan on Wednesday said that even if the pro-European government falls in a no-confidence vote next week, Romania will remain on its pro-Western path. President Dan said consultations would be held swiftly so as not to prolong the political crisis which started when the center-left Social Democratic Party left the government over its objection to austerity cuts. During a...

A hypothetical 'Miranda portfolio' of heritage luxury stocks returned 629% over 20 years, outperforming the S&P 500 and the S&P Global Luxury Index Hermès returned 2,206% over 20 years, the highest in the basket, despite weaker short-term performance Luxury stocks have come under fresh pressure in recent weeks as Middle East tensions hit tourism and demand across the...

The Social Democratic Party which quit government last week over austerity cuts has pulled out all party members from government jobs. It said that all its secretaries of state, undersecretaries of state, prefects or sub-prefects resigned Wednesday following the party's decision to bring a no-confidence vote to dismiss  Prime Minister Ilie Bolojan who has cut public spending. . "PSD announces…. the...

The BBC said it was "the biggest diplomatic moment of his reign", while a US lawmaker acknowledged 'the King of England' had managed to unify a divided Congress Britain's King Charles III has been praised for a 'historic speech' before Congress on Tuesday which even President Donald Trump said he was 'jealous' of. The speech, rousing, humorous and challenging, drew praise...