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Czech Republic
Выбор редакции
24 мая, 19:12

Czech crisis ends with finance minister replacement

The Czech Republic’s president has fired Finance Minister Andrej Babis and appointed his replacement, a move that ends the country’s political crisis.

24 мая, 11:44

USD Bounces From 6-1/2-Month Low, Eyes on FOMC Minutes

The Trump administration has presented its 2018 budget plan to Congress last evening. The budget plan calls to slash $3.6 trillion in government spending over the next decade, mainly reducing the funding for healthcare and social benefits (such as Medicaid, SNAP, pensions for government staff) and Environmental Protection Agency funds. The cuts are to be used for funding to boost economic growth and to reduce the US deficit. Nevertheless, it will result in numerous needy American citizens losing vital benefits. The plan forecasts economic growth will be increased to 3% after passing the budget cuts, tax reform, regulation reform and infrastructure plans. However, following the performance of Trump’s administration since taking office, it seems difficult for any of Trump’s plans to be passed smoothly. Markets forecast US economic growth is ranging between 1.9% – 2.2%, a 3% target seems to be a big challenge to achieve. The scale of the budget cut is substantial with a distinct possibility that Congress will reject the plan in its entirety or pass only portions of it. The dollar index has fallen approximately 2.67% since May 12th, hitting its lowest level of 96.68, post the US presidential election, on May 22. On Tuesday May 23rd, following the announcement of the budget cuts, the dollar index moved higher breaking the resistance level at 97.00 and touching a 3-day high of 97.35 early on Wednesday morning. On Tuesday, EUR/USD retreated from a 6-and-a-half-month high of 1.1267, breaking the psychological level at 1.1200 as corrective pressures intensified with consolidation around 1.1180 on Wednesday trading. USD/JPY rebounded around 0.68% from the support at 111.00, hitting a 1-week high of 112.04 on Wednesday morning. USD/JPY is currently consolidating below the psychological resistance level at 112.00. FOMC May Meeting Minutes will be released at 19:00 BST this evening. Per the CME FedWatch tool, the probability for a rate hike in June rose to 83.1% after the release of the 2018 budget plan. That said, markets are assuming the Fed will stick to its rate hike pace regardless of Trump’s Russia leak scandal and soft economic data. Keep an eye on the Minutes, we will likely get further clues about a June rate hike and updated economic outlook. Be aware that it will likely cause volatility for USD and USD crosses. Moody’s has downgraded China’s sovereign credit rating from Aa3 to A1 due to fears over rising debt levels. The new rating is same as the ratings of Czech Republic, Estonia, Israel, Japan and Saudi Arabia. The adjustment has weighed on Chinese yuan and the Chinese stock markets.

24 мая, 11:42

USD Bounces From 6-1/2-Month Low, Eyes on FOMC Minutes

The Trump administration has presented its 2018 budget plan to Congress last evening. The budget plan calls to slash $3.6 trillion in government spending over the next decade, mainly reducing the funding for healthcare and social benefits (such as Medicaid, SNAP, pensions for government staff) and Environmental Protection Agency funds. The cuts are to be used for funding to boost economic growth and to reduce the US deficit. Nevertheless, it will result in numerous needy American citizens losing vital benefits. The plan forecasts economic growth will be increased to 3% after passing the budget cuts, tax reform, regulation reform and infrastructure plans. However, following the performance of Trump’s administration since taking office, it seems difficult for any of Trump’s plans to be passed smoothly. Markets forecast US economic growth is ranging between 1.9% – 2.2%, a 3% target seems to be a big challenge to achieve. The scale of the budget cut is substantial with a distinct possibility that Congress will reject the plan in its entirety or pass only portions of it. The dollar index has fallen approximately 2.67% since May 12th, hitting its lowest level of 96.68, post the US presidential election, on May 22. On Tuesday May 23rd, following the announcement of the budget cuts, the dollar index moved higher breaking the resistance level at 97.00 and touching a 3-day high of 97.35 early on Wednesday morning. On Tuesday, EUR/USD retreated from a 6-and-a-half-month high of 1.1267, breaking the psychological level at 1.1200 as corrective pressures intensified with consolidation around 1.1180 on Wednesday trading. USD/JPY rebounded around 0.68% from the support at 111.00, hitting a 1-week high of 112.04 on Wednesday morning. USD/JPY is currently consolidating below the psychological resistance level at 112.00. FOMC May Meeting Minutes will be released at 19:00 BST this evening. Per the CME FedWatch tool, the probability for a rate hike in June rose to 83.1% after the release of the 2018 budget plan. That said, markets are assuming the Fed will stick to its rate hike pace regardless of Trump’s Russia leak scandal and soft economic data. Keep an eye on the Minutes, we will likely get further clues about a June rate hike and updated economic outlook. Be aware that it will likely cause volatility for USD and USD crosses. Moody’s has downgraded China’s sovereign credit rating from Aa3 to A1 due to fears over rising debt levels. The new rating is same as the ratings of Czech Republic, Estonia, Israel, Japan and Saudi Arabia. The adjustment has weighed on Chinese yuan and the Chinese stock markets.

23 мая, 12:54

Petra Kvitova to play at Wimbledon months after stabbing by intruder

• Two-times champion could be ready for French Open this weekend• Victoria Azarenka also on course for Wimbledon after birth of sonPetra Kvitova is set to play at Wimbledon less than seven months after she was stabbed by an intruder at her home.The 26-year-old, who required four hours of surgery to her playing hand after the December attack in Prostejov in the Czech Republic, could even be ready to play in the French Open, which begins in Paris on Sunday. Continue reading...

22 мая, 23:10

FRANKENARMY: Germany Is Quietly Building a European Army Under Its Command. Germany and two of it…

FRANKENARMY: Germany Is Quietly Building a European Army Under Its Command. Germany and two of its European allies, the Czech Republic and Romania, quietly took a radical step down a path toward something that looks like an EU army while avoiding the messy politics associated with it: They announced the integration of their armed forces. […]

Выбор редакции
22 мая, 21:36

Czechia Has Won The Czech Republic Name Debate

Last year the Czech Republic encouraged English speakers to start calling their country Czechia. Why did that happen? Is the use of Czechia catching on or being rejected?

Выбор редакции
17 мая, 18:17

Czech spy agency: Money to terror group sent from country

The Czech Republic’s counter-intelligence agency says it is aware of at least one case of a terror group being funded from the country.

17 мая, 12:05

If You Live in an Area with High Income Inequality, You’re More Likely to Burn Out at Work

A 2015 report by the International Labour Organization covering more than 180 countries and over 84% of the global workforce warned of “widespread job insecurity in the global labor market,” finding that only one-quarter of the world’s workers have a stable employment relationship. In the United States, according to the 2016 Work and Well-Being Survey conducted by the American Psychological Association, more than one in three working adults report job insecurity as a significant source of stress. Unfortunately, research has found that the resulting consequences of job insecurity are significant, negative, and widespread. For example, job-insecure employees are more likely to report burnout, decreased work engagement, and lower organizational commitment than their job-secure counterparts. In examining the negative outcomes of job insecurity, a great deal of attention has been given to individual-level variables (e.g., secure attachment style, psychological capital, resilience). As a result, much of the previous research has examined job insecurity in a vacuum — isolating employees from their broader social contexts. However, factors that influence employee reactions to job insecurity may operate at the individual level and at higher levels (such as the group, organizational, industry, or even national level). Nevertheless, few studies within the management and business literature consider the influence of these multilevel, complex, and dynamic social contexts. Because employees are nested within organizations, states, and countries, it is crucial to investigate how these social contexts influence employees’ reactions to job insecurity. Therefore, the purpose of our study was to assess whether and how such social contexts change these employee reactions. Specifically, our research focused on country-level and state-level income inequality. By nearly any accounting, the data indicates that income inequality is growing in many countries, including the United States. Statistics indicate that the number of billionaires in the world has doubled in the past eight years. In the U.S., the top 5% of households saw a 75% increase in income from 1979 to 2012. Yet during that same period the lowest-income earners experienced a 12% decline. Similarly, among individuals in OECD countries, average incomes of the richest 10% of the population is now nine times that of the poorest 10%, a substantial increase from 25 years ago. Related Video Why Income Inequality Makes Entire Countries Sadder Money can’t buy happiness, but income gaps hurt everyone. Save Share See More Videos > See More Videos > Researchers from a variety of disciplines (e.g., economics, political science, sociology, and social epidemiology) have found numerous negative impacts of income inequality. In reviewing previously published evidence, Richard Wilkinson and Kate Pickett summarized the detrimental effects of income inequality on employees and society at large, including worse physical and mental health, greater drug abuse, lower educational attainment, more imprisonment, obesity, reduced social mobility, decreased trust, diminished community life and child well-being, increased violence, and higher rates of teenage pregnancy. However, no studies have examined whether societal level income inequality might also result in worse employee responses to economic stressors such as job insecurity. We conducted two studies to examine how employees responded to job insecurity in countries and states with different levels of income inequality. In the first study we focused on the impact of country-level income inequality. We obtained the country-level income inequality data (the Gini coefficient) from the Standardized World Income Inequality Database and the individual-level job insecurity and burnout data from the International Social Survey Programme. Analyzing data from 23,778 individuals in 30 countries (including Australia, Belgium, Bulgaria, Canada, Cyprus, the Czech Republic, Denmark, the Dominican Republic, Finland, France, Germany, Hungary, Ireland, Israel, Latvia, Mexico, the Netherlands, New Zealand, Norway, Portugal, Russia, Slovenia, South Africa, South Korea, Spain, Sweden, Switzerland, Taiwan, the United Kingdom, and the United States), we found that employees in high-income-inequality countries who were experiencing job insecurity reacted with even higher levels of job burnout, compared with employees in countries with lower income inequality. In other words, job insecurity leads to burnout, but this is even more the case if job insecurity occurs in the context of greater societal income inequality. However, the overall size of the effect was modest, likely due to the distal nature of country-level income inequality. In the second study we narrowed our focus to examine the impact of state-level income inequality within the U.S. We collected individual-level job insecurity and burnout data from employees in the U.S. from Amazon Mechanical Turk, an online crowdsourcing service, and 2015 state-level income inequality data from the County Health Rankings & Roadmaps program. Using data from 402 individuals in 47 states and Washington, DC, we similarly found more-extreme burnout reactions to job insecurity among employees in states with higher income inequality, compared with those living in states with lower income inequality. Interestingly, in Utah, Alaska, and Idaho — states with relatively low income inequality — job-insecure employees reported similar levels of burnout as job-secure employees. That is, job insecurity was unrelated to burnout among employees in these three states. Taken together, our results indicate that country- and state-level income inequality makes job insecurity worse for employees. That is, the highest levels of burnout were observed among employees who were uncertain about their future job prospects and were living in states or countries with high income inequality. The important question is why income inequality makes things worse for job-insecurity employees. Milan Zafirovski suggested that societies with high income inequality have fewer employment protections, an absence of labor standards, shorter duration of unemployment benefits, and lower union density and coverage. Thus, those who are faced with the possibility of job loss may not be able to get sufficient material coping resources (e.g., unemployment benefits) during unexpected periods of unemployment. In addition to the lack of material coping resources in high-income-inequality societies, income inequality divides community members and makes people trust others less, because income inequality may cause individuals to be more interested in keeping up with other people at the expense of beneficial social cohesion. Indeed, using General Social Survey data from 1972 to 2008, Shigehiro Oishi, Selin Kesebir, and Ed Diener found that lower perceived fairness and general trust could explain why individuals reported lower overall happiness in years with greater income disparity. In other words, in addition to a lack of tangible support, individuals may lack intangible coping resources (e.g., supportive relationships) to help them get through the difficult times of job insecurity. In all, income inequality at the state and country levels may reduce coping resources for job-insecure employees and worsen their stress reactions to job insecurity.

Выбор редакции
15 мая, 20:13

Czech Leader’s Call to ‘Liquidate’ Journalists Was a Joke, His Office Says

Czech officials reacted with outrage at a comment by President Milos Zeman, who was speaking with Russia’s president in Beijing.

Выбор редакции
15 мая, 12:18

Czech crisis goes on as premier rejects minister replacement

Czech Prime Minister Bohuslav Sobotka rejected a proposal for a new finance minister on Monday, prolonging a political crisis centering on the Republic’s finance minister.

13 мая, 22:54

Global Cyber Attack Eases Due To One Researcher's Quick Thinking

function onPlayerReadyVidible(e){'undefined'!=typeof HPTrack&&HPTrack.Vid.Vidible_track(e)}!function(e,i){if(e.vdb_Player){if('object'==typeof commercial_video){var a='',o='m.fwsitesection='+commercial_video.site_and_category;if(a+=o,commercial_video['package']){var c='&m.fwkeyvalues=sponsorship%3D'+commercial_video['package'];a+=c}e.setAttribute('vdb_params',a)}i(e.vdb_Player)}else{var t=arguments.callee;setTimeout(function(){t(e,i)},0)}}(document.getElementById('vidible_1'),onPlayerReadyVidible); A global cyber attack forced a European carmaker to halt some production lines, hit Russian computers with more than half of suspected infections, struck schools in China and hospitals in Indonesia, though it appeared to be dying down on Saturday. Capitalizing on spying tools believed to have been developed by the U.S. National Security Agency, the cyber assault launched on Friday has infected tens of thousands of computers in 104 countries, with Britain’s health system suffering the worst known disruptions. Researchers with Czech Republic-based security software maker Avast said they had observed more than 126,000 ransomware infections, with 60 percent of infected computers located in Russia, followed by Ukraine and Taiwan. Cyber extortionists tricked victims into opening malicious malware attachments to spam emails that seemed to contain invoices, job offers, security warnings and other legitimate files. Once inside the targeted network, so-called ransomware made use of recently revealed spy tools to silently infect other out-of-date machines without any human intervention. This, security experts said, marked an unprecedented escalation in the risk of fresh attacks spreading in the coming days and weeks. The ransomware encrypted data on the computers, demanding payments of $300 to $600 to restore access. Researchers observed some victims paying via the digital currency bitcoin, though no one knows how much may have been transferred to extortionists because of the largely anonymous nature of such transactions. The hackers, who have not come forward to claim responsibility or otherwise been identified, took advantage of a worm, or self-spreading malware, by exploiting a piece of NSA spy code known as “Eternal Blue” that was released last month by a hackers group known as the Shadow Brokers, according to researchers with several private cyber security firms. Renault said it had halted auto production at several sites including Sandouville in northwestern France and plants of Renault-owned Dacia of Romania on Saturday to prevent the spread of ransomware in its systems. Nissan’s manufacturing plant in Sunderland, northeast England, was also affected by the cyber assault though “there has been no major impact on our business”, a spokesman for the Japanese carmaker said.German rail operator Deutsche Bahn [DBN.UL] said some electronic signs at stations announcing arrivals and departures were infected, with travelers posting pictures showing some bearing a message demanding a cash payment to restore access.   “UNPRECEDENTED” ATTACK EASES Europol’s European Cybercrime Centre said it was working closely with country investigators and private security firms to combat the threat and help victims. “The recent attack is at an unprecedented level and will require a complex international investigation to identify the culprits,” it said in a statement. Some experts said the threat had receded for now, in part because a British-based researcher, who declined to give his name, registered a domain that he noticed the malware was trying to connect to, and so limited the worm’s spread. “We are on a downward slope, the infections are extremely few, because the malware is not able to connect to the registered domain,” Vikram Thakur, principal research manager at Symantec, said as the threat subsided. Researchers are racing against the clock to try to decrypt infected computers and recover access to victims’ files before the malicious code’s ransom deadline expires in two days. But so far several said they have found no way to break the encryption. The attackers may yet tweak the code and restart the cycle. The researcher in Britain widely credited with foiling the ransomware’s proliferation told Reuters he had not seen any such tweaks yet, “but they will (happen).” Finance ministers and central bank governors of seven leading world economies meeting for a G7 conference in Italy on Saturday will pledge stronger cooperation against cyber crime, a draft communique showed.   HOSPITALS IN FIRING LINE In Asia, some hospitals, schools, universities and other institutions were affected, though the full extent of the damage is not yet known. “I believe many companies have not yet noticed,” said William Saito, a cyber security adviser to Japan’s government. “Things could likely emerge on Monday” as staff return to work. China’s information security watchdog said “a portion” of Windows systems users in the country were infected, according to a notice posted on the official Weibo page of the Beijing branch of the Public Security Bureau on Saturday. Xinhua state news agency said some secondary schools and universities were hit. The most disruptive attacks were reported in Britain, where hospitals and clinics were forced to turn away patients after losing access to computers on Friday. The health system has largely recovered from the disruption, interior minister Amber Rudd said on Saturday after a meeting of the government crisis response committee. International shipper FedEx Corp said some of its Windows computers were also breached. “We are implementing remediation steps as quickly as possible,” a statement said. Telecommunications company Telefonica was among many targets in Spain. Portugal Telecom and Telefonica Argentina both said they were also targeted. The hackers appear to have begun the campaign on targets in Europe, said Thakur, so by the time they turned their attention to the United States, spam filters had identified the new threat, diminishing the impact.   MICROSOFT BOLSTERS WINDOWS DEFENSES Private security firms identified the ransomware as a new variant of “WannaCry” that could spread across large networks by exploiting a known bug in Microsoft’s Windows operating system. “This is one of the largest global ransomware attacks the cyber community has ever seen,” said Rich Barger, director of threat research with Splunk, one of the firms that linked WannaCry to the NSA. The Shadow Brokers released Eternal Blue as part of a trove of hacking tools that they said belonged to the U.S. spy agency. The attack targeted Windows computers that had not installed patches released by Microsoft in March, or older machines running software that Microsoft no longer supports, including the 16-year-old Windows XP system, researchers said. Microsoft said it had pushed out automatic Windows updates to defend existing clients from WannaCry. It had issued a patch on March 14 to protect them from Eternal Blue. Late on Friday, Microsoft also released patches for a range of long discontinued software, including Windows XP and Windows Server 2003.   POLITICALLY SENSITIVE TIMING The spread of the ransomware capped a week of cyber turmoil in Europe that began when hackers posted a trove of campaign documents tied to French candidate Emmanuel Macron just before a run-off vote in which he was elected president of France. The hack happened four weeks before a British general election in which national security and the management of the state-run National Health Service are important issues. Authorities in Britain have been braced for cyber attacks in the run-up to the election, as happened during last year’s U.S. election and on the eve of the French run-off vote on May 7. But those attacks - blamed on Russia, which has repeatedly denied them - followed a different modus operandi involving penetrating the accounts of individuals and political organizations and then releasing hacked material online. On Friday, Russia’s interior and emergencies ministries, as well as its biggest bank, Sberbank, said they were targeted by ransomware. The interior ministry said about 1,000 computers had been infected but it had localized the virus.  (Additional reporting by Kiyoshi Takenaka, Jim Finkle, Eric Auchard, Jose Rodriguez, Alistair Smout, Andrea Shalal, Jack Stubbs, Antonella Cinelli, Dustin Volz, Kate Holton, Andy Bruce, Michael Holden, David Milliken, Rosalba O’Brien, Julien Toyer, Tim Hepher, Luiza Ilie, Patricia Rua, Axel Bugge, Sabine Siebold and Eric Walsh, Engen Tham, Fransiska Nangoy, Soyoung Kim, Mai Nguyen; editing by Mark Heinrich and Ros Russell) -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.

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12 мая, 16:06

Czech finance minister proposes replacement to end crisis

The Czech Republic’s finance minister says that his centrist movement is offering his deputy to take over his post, possibly paving the way to solving the country’s political crisis.

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10 мая, 21:39

Czechs rally against country’s president, finance minister

Tens of thousands of people rallied on Wednesday in the Czech Republic’s capital and other major cities against President Milos Zeman and Finance Minister Andrej Babis.

Выбор редакции
10 мая, 10:53

The Czech Republic got a new name, but few people seem to have noticed yet

"Czechia” was announced last year, but the name has yet to catch on.

09 мая, 16:20

5 Auto Stocks That Are Buys Post-Earnings

Here are five automotive stocks with good potential.

06 мая, 10:07

Сотрудников ищут Uber, Playrix, «Иннова», Harman

Редакция vc.ru продолжает публиковать резюме специалистов, желающих работать в стартапах и ИТ-компаниях (выходят по понедельникам), а также вакансии компаний, которые ищут сотрудников (выходят по четвергам).

Выбор редакции
05 мая, 14:09

The story behind a powerful photo of a Czech girl's contempt for neo-Nazis

Lucie Myslikova, 16, wore her Scouts uniform to a neo-Nazi linked protest in the Czech Republic and became a global symbol of defiance.