European luxury goods are under pressure. They are threatened by US tariffs and weak demand from China.
When luxury goods are doing well, Europe looks confident. But this time, that's not the case. LVMH's results showed a decline in b…
Author
Matěj Široký
The great silver ride continues
More than 60 percent of total demand for silver comes from industry. Primarily from the production of solar panels, electromobilit…
Iran's resilient economy is not thriving due to sanctions
Despite its limitations, a new social class of young educated people is emerging in the country. Iran ranks fifth in the world in …
Oil that flows quietly
US sanctions have not stopped the flow of Iranian oil, but they have changed its form. Oil is flowing at a discount and to a limit…
Wall Street is becoming America's Achilles heel
The Trump administration sees another risk besides the New York Stock Exchange. The Japanese will probably no longer need to buy U…
BlackRock, Trump, and markets that don't have weekends
Trump moves markets even over the weekend: tariffs, Greenland, and a nervous Europe. While Europe weakens, American banks led by B…
Wall Street is like a ballot box
American stocks are not just a market. They are a political indicator that shapes the decisions of the US president.
America is on a diet that doesn't work
In 2015, Donald Trump promised to reduce debt within eight years. Instead, it has doubled to $38 trillion. Cheap energy and tariff…
How Central Europe is learning to build corporations again. The story of Czechoslovak Group
Michal Strnad's arms holding company is entering the Amsterdam stock exchange. This is an opportunity for the Czech Republic and S…
Trump versus Powell: an attack on the heart of American monetary power
In 2026, the US president is putting pressure on the Fed, attacking its chairman Powell and wanting to cap credit card interest ra…
Everything is already too overplayed: a week when the data didn't stand a chance
The US president has unleashed a week of three economic battles – from oil to weapons to credit cards.
Starmer. The Prime Minister without Qualities
Keir Starmer, a prime minister without a clear identity in an era of crumbling liberalism, facing growing pressure from Reform UK …
Macron's last 500 days
Macron enters his last 500 days in office with low popularity, budget chaos, and waning influence.
It was as if the president's kidnapping was taking place in a parallel dimension. He did nothing with the markets.
The speed of the US military intervention in Venezuela surprised almost everyone. The element of surprise was not only intended fo…
A pawn named Venezuela
The American operation in Venezuela is not about oil or democracy, but about openly acknowledging spheres of influence. Trump is t…
Tesla stumbles, Buffett leaves, Venezuela tests markets
The year 2026 has started sharply: Tesla has lost its position as the leader in electric car sales to BYD, Buffett has retired, an…
Markets fluctuate between optimism and blindness
Financial markets in 2026: optimists are betting on artificial intelligence and Trump, while pessimists warn of a debt crisis and …
A society without common interests
The West is dividing. The middle class is disappearing into uncertainty, while the hyper-elite lives in isolation. The year 2026 w…
Financial markets in a year of plenty. Prague and silver surprised
Finding the best investment of the past year is like looking in the rearview mirror and telling yourself that's where the right pa…
When being wrong makes more sense than being right
Saxo Bank's shocking forecasts are not forecasts, but an exercise in countering investors' tunnel vision.
The end of neutral technology and the lost soul of Silicon Valley
Alex Karp's book The Republic of Technology is a rousing read. After all, the West needs engineers to defend civilisation, not jus…
Demand for AI is growing, answers are lacking
Gold breaks records, oil falls and AI divides markets. Investors enter a year of uncertainty.
When markets believe in the future more than the present
In 2025, Palantir won by betting on the future. Oracle lost due to debt and doubts about artificial intelligence. The markets remi…
The crypto revolution has chosen stability
Trump has supported crypto, bitcoin is holding steady, and stablecoins, which are quietly driving the digital dollar, have become …
The Second Wind of Visegrad
Central Europe is back in the game. The V4 group is reviving thanks to Eurosceptics, but the demographic crisis could ruin everyth…
Freezing Russian money is easy, maintaining global trust is harder
Attempting to confiscate Russian assets is an openly hostile act, only one step less severe than a declaration of war.
Trump left the child named Ukraine with the Europeans
Europe will therefore have to pay for the Ukrainian war itself. Where will it get the funds? Brussels is betting on Russian cash r…
When the Fed can't say no: politics, markets and the illusion of stability
The Fed cut rates even though the US economy does not need a bailout, thus supporting Trump. The path of the S&P 500 index to …
Did Netflix take a big bite? The streaming service has taken over part of Warner Bros.
Surprisingly, the whole transaction has one strong opponent. It is US President Donald Trump.
Future Czech Prime Minister permanently relinquishes Agrofert holding
The winner of the Czech elections has made it clear that he is now closer to politics than business. This is understandable given …
A few lines of code between Europe and totalitarianism
When the state starts reading messages before they are sent, Europe will change before it realizes how much it has lost.
Constitutional game of nerves: the president risks, Babiš waits
The appointment of the government has stalled where it was expected: on the weak points of the constitution and the construction o…
Risk appetite returns to the markets
Nothing has changed in the last month. The themes in the financial markets remain constant: artificial intelligence and the US Fed…
Chips are just quality shovels in the gold rush. But it is unknown how much gold is under the mountain
The past week was excellent for the financial markets. Investors quickly forgot that there was supposed to be some kind of bubble …
Ukrainian corruption is Russia's greatest ally
Timur Mindich's golden toilet is not a meme, but reality. The $100 million corruption scandal reaches all the way to Zelensky and …
The comfortable European illusion
Europe believes that morality and sanctions are enough. The numbers and Vance show the opposite: Brussels dreams, Moscow calculate…
Google is taking over the AI peloton
Alphabet recently unveiled the third version of its Gemini 3 model. By many metrics, so far this model is proving to be the best o…
Sedláčková: I consider Woke progressivism to be the political religion of the 21st century
The foreign policy of our outgoing government and of Minister Lipavský has been truly dismal, especially as far as the V4 is conce…
Investors abandon ship, but captain reports all is well
The financial market downturns have been going on for three weeks now. The situation is opaque in that there is no single cause, b…
The French connection: the case was cleaned up a little too thoroughly
The death of Jean-Luc Brunel closes the French chapter of the Epstein case, leaving only empty spaces behind.
The concrete wall of artificial intelligence
At the end of last week on November 13, we witnessed one of the worst trading sessions of the year.
Lithium's long journey to becoming a global commodity
In the summer of 2023, Elon Musk said aloud what commodity and stock traders had been whispering for years: lithium is the new oil…
Europe today needs more courage than directives
The old continent may not have all the strategic raw materials, but from a geological point of view, it is not a blank map.
Longest shutdown, shortest memory of markets
At the beginning of the week, the markets opened on an optimistic wave that the end of the shutdown was near. Although sentiment o…
Musk's trillion-dollar jackpot
Nothing changes in the markets. One day it's a disaster as a huge financial crisis looms. The next, nobody remembers the crisis an…
Revolution, reform, and freedom – the three faces of Latin America
This year at the UN, the continent's leaders did not act as the unified voice of the global South, but rather as a mirror of today…
A lesson in Machiavellianism: The new Czech government promises the impossible
Politics is not a journey to a haven of salvation where we will all live in lasting peace, harmony, and prosperity.
Hundreds of billions in AI – the only bet worth making
A kind of schizophrenia continues to prevail on the markets.
Aghion's recipe for change: Growth is the result of constant innovation and creative destruction
The Nobel Prize in Economics promises to perfectly describe the world and offers change – is this reality or just fiction?
Barometer in Oslo: a dual concept of peace in a turbulent world
The Nobel Peace Prize has become a geopolitical tool – from its original fight for disarmament to an instrument of Western soft po…