Latest news with #Czech
Nikkei Asia
7 hours ago
- Automotive
- Nikkei Asia
Toyota to make EVs in Czech Republic, its first in Europe
Toyota to begin EV production in Europe in preparation for tighter environmental restrictions there. (Photo by Eiki Hayashi) SHOTA UEHARA NAGOYA, Japan -- Toyota Motor will start producing electric vehicles at a Czech subsidiary as early as 2028, its first European-built EVs, Nikkei learned Tuesday. The Japanese automaker is expected to make an electric sport utility vehicle at the site, with annual production aimed at around 100,000 units.
Al-Ahram Weekly
7 hours ago
- Entertainment
- Al-Ahram Weekly
Beyond Paper Plane Czech exhibition project on children's books is not to be missed - Exhibitions - Al-Ahram Weekly
Art Corner 12 Sayed Al-Bakri St, from Brazil St, Zamalek, Tel 0122 2760212 'Better Tomorrow' exhibition of painting by cartoonist Said Badawi (24 July- 4 August). Bibliothek Arkan Plaza, Extension of Sheikh Zayed District, Giza, Tel 010 66860098/010 66500748 'Beyond Paper Plane' travelling exhibition project presents contemporary Czech illustrators and artists with a particular focus on children's books, organized by Czech Centres in Egypt and the Czech Embassy in Egypt. The curatorial selection features books that combine a three-dimensional object with an independent work of art. This allows the books to offer a much greater sense of space and haptics and promotes the authenticity of the material. Contemporary children's books have the potential for further interactive and educational use, whether it is the analogue manual finishing of the illustrations or their transfer into virtual reality, allowing children to immerse themselves in the game. The illustrations experiment with unusual materials, such as sheet metal, textiles, optical foils, photographs or found objects, pushing the boundaries of the conventional book format and the traditionally associated media such as watercolour, drawing, printmaking or painting (27 July- 9 August). Cairo Opera Complex Gezira Exhibition Grounds, Zamalek Salah Taher gallery Tel 02 2739 0132/0144 'Print of a Colour' painting exhibition by artist Atta Afify (2 - 4 August). Czech Embassy 4 Al Dokki Street, Giza, behind the German School, Tel 02 3333 9700/01 'Treasures of Czechia', an exhibition on Czechia's UNESCO heritage. Czech artist Markéta Zlesáková displays her unique work inspired by Czech folk ornamentation and Arabic calligraphy and ornament. The artworks will remain on display along the Czech Embassy wall (closing 31 July). Italian/Egyptian Centre for Restoration and Antiquities (CIERA) 31 Al Suyuffeya St, Al Helmeya, Cairo, visitors are welcomed by appointments so contact the manager Mr. Salah Ramadan 0100 8716067 Architectural complex of the Mevlevi Dervish 'Samaa Khana, Restorations and Restorers' permanent exhibition of the activities of the working/formation sites for the restoration and recovery of the monuments. Visitors are welcomed during the opening hours determined by the Ministry of Antiquities. Mashrabia Gallery of Contemporary Art 15 Mahmoud Bassiouny St, Downtown, Cairo, Tel 02 2578 4494, open daily from 11am to 8pm except Fridays 'Echoes and Currents: 35 Years of Contemporary Art' exhibition is stressing the gallery's pioneering role in Cairo's contemporary art scene, the exhibition opens a dialogue between established and emerging artists who have shaped its journey. Since its founding, Mashrabia has supported young talent, amplified women's voices, and fostered connections between local and international art communities. Rather than a retrospective, this exhibition offers an open, evolving archive formed by memory, conversations, and the relationships that continue to grow around the gallery (29 June - 11 September, closed in August). Safarkhan 6 Brazil St, Zamalek, Tel 012 70169291 The second edition of the gallery's 'Anthology' series. Anthology 2025 is as usual headlined by some of the gallery's marquee resident talents, as well as some of its familiar guest names and features a pair of new ones that are being unveiled to the art loving community here in Egypt for the very first time. This collection sees an impressive assortment of mediums too, with the inclusion of various artforms spanning; sculpture, photography, fabric appliqué, mosaics, and various forms of painting. This year's anthology gathers new works from established Safarkhan artists: Ibrahim Khatab, Ahmed Saber, Karim Abd Elmalak, Katherine Bakhoum, Neama El-Sanhoury, Omar Abdel-Zaher and Tasneem El-Meshad (1 June and running throughout summer). Tahrir Cultural Centre (TCC) Al-Sheilh Rihan St, off Tahrir Square, Tel 02 2615 2694/01280009077 Future Gallery 'Sayyida Zeinab: The Tale of a Mosque and Legendary Sites Around It' exhibition is organised by the Sheikh Hassan Abbas Sharbatly Department of Arab and Islamic Civilizations, on the Cairene neighbourhood of Sayyida Zeinab. Unearthing a treasure trove of historic photographs, maps, postcards, newspapers, magazines, etc., the exhibition explores the urban evolution and politics of Sayyida Zainab, from the 9th century until the present day. It features more than 50 monuments in an attempt to reimagine their past and envision their future (closing 31 July). UBUNTU 20 Hassan Sabry St, (entrance from Ibn Zinki St), Zamalek, Tel 0100 2792223 'UBUNTU Revisited - 8th edition' is the gallery's end of the season show featuring exclusive pieces in a variety of sizes, directions and mediums. All artworks are available for immediate purchase, and so the selection on display may change throughout the duration of the exhibition. Featuring works by Ahmed El- Badawy, Aya Mostafa, Amany Fahmy, Doaa Fakher, Ihab Shaker, Khaled Sirag, Omar Zaki, Louis Barthelemy, Maged Mekhail, Mina Milad, Mohamed Sabry Sayed, Nevine Farghaly, Omar Gabr, and many more (25 June - 9 August). Yassin art gallery 159, 26th July St, Behind Diwan Bookstore, Zamalek, Tel 01271170035 'Different Space 4th Edition' is a contemporary group visual art exhibition that celebrates the experiences of a select group of contemporary sculptors and painters. Their works reflect modern visual perspectives rooted deeply in the aesthetic and cultural references of ancient Egyptian art (17 June - 31 August). ALEXANDRIA Bibliotheca Alexandrina Port Said St, Chatby, Alexandria 21526, Tel (03) 4839999 Archeological Museum A permanent exhibition on the results of the Archaeological Mission of the University of Turin in Nelson Island. * A version of this article appears in print in the 6 August, 2025 edition of Al-Ahram Weekly Follow us on: Facebook Instagram Whatsapp Short link:
Reuters
11 hours ago
- Automotive
- Reuters
Iveco says in advanced talks for deals on defence unit, rest of company
MILAN, July 29 (Reuters) - Italian truck maker Iveco ( opens new tab said on Tuesday it was in "ongoing, advanced" talks with different parties for two separate deals regarding its defence business and the rest of the company. "The board of directors of the company is in the process of carefully reviewing and evaluating all aspects of these potential transactions," the company said in a statement, without giving further details. Iveco added its board would keep the market updated in line with applicable laws. Shares in Iveco rose 6.6% by 1250 GMT. Two sources close to the matter told Reuters the deals could be announced as early as Wednesday, when Iveco is due to report first half results. Reuters first reported this month that Exor ( opens new tab, the Agnelli investment company which owns a controlling stake in Iveco, was in talks with Tata Motors( opens new tab for the sale of the company. Exor declined to comment. A third source separately said the possible deal with Tata was "complex" and required Iveco disposing of its defence business first because, as a supplier of the Italian army, the division had to remain in domestic hands. Iveco has been working to spin off its IDV defence business, while also exploring a possible sale given interest from potential suitors. It has received three offers for IDV: from Italian state-controlled defence group Leonardo ( opens new tab, which is partnering with Germany's Rheinmetall ( opens new tab. Another two, respectively, from Franco-German tank maker KNDS and Czech arms company Czechoslovak Group.
Time Business News
12 hours ago
- Business
- Time Business News
Central Europe Attracts Investors: The Colocation Data Center
Silicon Valley is struggling with overloaded infrastructure, and Frankfurt is hitting the limits of its growth—but Central Europe is quietly building a data center empire. The region offers a unique combination of political stability, a robust energy grid, and a strategic location between West and East. The Czech Republic and Poland are successfully attracting massive investments in colocation hosting—just last year, the number of new projects grew by 47%. So why is now the golden age for data center colocation in Central Europe? Digital transformation doesn't ask for permission—it simply takes what it needs. And right now, it's choosing Central Europe as its new operational hub. In the following lines, we'll explore how the region is leveraging its unique strengths to become a data superpower of the 21st century. Imagine the map of Europe as a chessboard, with Central Europe as the queen, controlling all directions. Prague lies exactly 1,000 kilometers (620 miles) from London, Paris, and Stockholm—a mathematical coincidence that creates ideal conditions for hosting a data center in Europe. This geographic advantage results in latency under 15 milliseconds to most major European business hubs, making the region indispensable for real-time applications and financial transactions. The Czech Republic and Poland benefit from their position as a digital bridge between the developed West and the emerging East. Modern data center colocation solutions in the region offer direct connections to all key European internet exchange points—Frankfurt, Amsterdam, Vienna, and Warsaw. This gives companies redundant connectivity without compromising speed or reliability. The region's geopolitical stability is another major asset. EU and NATO membership ensures legal certainty and investment protection. On top of that, the absence of natural disasters like earthquakes or hurricanes keeps risk to a minimum. Data sleeps more peacefully here than almost anywhere else in Europe—and investors know it. Central Europe offers an energy mix that sounds like every CTO's dream. The Czech Republic generates 40% of its electricity from nuclear power, ensuring a stable, fluctuation-free supply. Poland, on the other hand, is making massive investments in wind energy—adding 3.5 GW of installed capacity in 2024 alone. For colocation hosting, this means a reliable power supply at prices 25–30% lower than in Germany or the Netherlands. The region's cool climate acts as natural air conditioning. With an average annual temperature of 8–10 °C (46–50 °F), free cooling can be used for up to 75% of the year, bringing PUE (Power Usage Effectiveness) below 1.3. In addition, the region actively supports green technologies. The Czech government offers tax incentives of up to 20% for secure colocation powered by renewable sources. Poland guarantees fixed purchase prices for green energy for 15 years. This combination of ecology and economics creates an environment where sustainability pays off—not just for the planet, but for your bottom line. IT Talent at a Fraction of Silicon Valley Costs Central Europe trains programmers the way Switzerland makes watches—precisely, systematically, and at scale. Czech technical universities produce over 15,000 IT graduates annually, while Polish institutions add another 22,000. These specialists master the same technologies as their counterparts in Cupertino—only at one-third of Western salary levels. For data center colocation operations, this means 24/7 access to certified technicians without paying London rates. The region also benefits from strong language skills—87% of IT professionals speak fluent English, and 45% are proficient in German. The CET time zone offers overlapping work hours with both Asia and the United States. When the workday ends in San Francisco, engineers in Prague are just starting their morning shift. The numbers speak for themselves: operating a single rack in Prague costs an average of €850 per month, compared to €1,400 in Frankfurt. A 39% difference that quickly adds up to millions when managing hundreds of racks. Secure colocation in Central Europe offers premium services at prices Western competitors simply can't match. The average data center in the region reports a Total Cost of Ownership (TCO) that's 42% lower than comparable facilities in Amsterdam. The region's tax environment is particularly friendly to the IT sector. The Czech Republic offers a 110% super-deduction for R&D, while Poland grants a 5% corporate tax rate for companies using IP boxes. The combination of low operating costs and generous incentives creates an environment where the ROI on colocation projects exceeds the Western European average by 60–80%. Central Europe isn't writing a story about catching up with the West—it's writing its own chapter of digital dominance. Data center colocation in this region isn't a compromise; it's a competitive advantage. Those who wait too long will soon realize the train labeled 'data centers of the future' has already left the station—somewhere between Prague and Valley is struggling with overloaded infrastructure, and Frankfurt is hitting the limits of its growth—but Central Europe is quietly building a data center empire. The region offers a unique combination of political stability, a robust energy grid, and a strategic location between West and East. The Czech Republic and Poland are successfully attracting massive investments in colocation hosting—just last year, the number of new projects grew by 47%. So why is now the golden age for data center colocation in Central Europe? Digital transformation doesn't ask for permission—it simply takes what it needs. And right now, it's choosing Central Europe as its new operational hub. In the following lines, we'll explore how the region is leveraging its unique strengths to become a data superpower of the 21st century. Imagine the map of Europe as a chessboard, with Central Europe as the queen, controlling all directions. Prague lies exactly 1,000 kilometers (620 miles) from London, Paris, and Stockholm—a mathematical coincidence that creates ideal conditions for hosting a data center in Europe. This geographic advantage results in latency under 15 milliseconds to most major European business hubs, making the region indispensable for real-time applications and financial transactions. The Czech Republic and Poland benefit from their position as a digital bridge between the developed West and the emerging East. Modern data center colocation solutions in the region offer direct connections to all key European internet exchange points—Frankfurt, Amsterdam, Vienna, and Warsaw. This gives companies redundant connectivity without compromising speed or reliability. The region's geopolitical stability is another major asset. EU and NATO membership ensures legal certainty and investment protection. On top of that, the absence of natural disasters like earthquakes or hurricanes keeps risk to a minimum. Data sleeps more peacefully here than almost anywhere else in Europe—and investors know it. Central Europe offers an energy mix that sounds like every CTO's dream. The Czech Republic generates 40% of its electricity from nuclear power, ensuring a stable, fluctuation-free supply. Poland, on the other hand, is making massive investments in wind energy—adding 3.5 GW of installed capacity in 2024 alone. For colocation hosting, this means a reliable power supply at prices 25–30% lower than in Germany or the Netherlands. The region's cool climate acts as natural air conditioning. With an average annual temperature of 8–10 °C (46–50 °F), free cooling can be used for up to 75% of the year, bringing PUE (Power Usage Effectiveness) below 1.3. In addition, the region actively supports green technologies. The Czech government offers tax incentives of up to 20% for secure colocation powered by renewable sources. Poland guarantees fixed purchase prices for green energy for 15 years. This combination of ecology and economics creates an environment where sustainability pays off—not just for the planet, but for your bottom line. IT Talent at a Fraction of Silicon Valley Costs Central Europe trains programmers the way Switzerland makes watches—precisely, systematically, and at scale. Czech technical universities produce over 15,000 IT graduates annually, while Polish institutions add another 22,000. These specialists master the same technologies as their counterparts in Cupertino—only at one-third of Western salary levels. For data center colocation operations, this means 24/7 access to certified technicians without paying London rates. The region also benefits from strong language skills—87% of IT professionals speak fluent English, and 45% are proficient in German. The CET time zone offers overlapping work hours with both Asia and the United States. When the workday ends in San Francisco, engineers in Prague are just starting their morning shift. The numbers speak for themselves: operating a single rack in Prague costs an average of €850 per month, compared to €1,400 in Frankfurt. A 39% difference that quickly adds up to millions when managing hundreds of racks. Secure colocation in Central Europe offers premium services at prices Western competitors simply can't match. The average data center in the region reports a Total Cost of Ownership (TCO) that's 42% lower than comparable facilities in Amsterdam. The region's tax environment is particularly friendly to the IT sector. The Czech Republic offers a 110% super-deduction for R&D, while Poland grants a 5% corporate tax rate for companies using IP boxes. The combination of low operating costs and generous incentives creates an environment where the ROI on colocation projects exceeds the Western European average by 60–80%. Central Europe isn't writing a story about catching up with the West—it's writing its own chapter of digital dominance. Data center colocation in this region isn't a compromise; it's a competitive advantage. Those who wait too long will soon realize the train labeled 'data centers of the future' has already left the station—somewhere between Prague and Warsaw. TIME BUSINESS NEWS
Free Malaysia Today
12 hours ago
- Business
- Free Malaysia Today
Poland could lose over US$2bil due to US tariffs, says PM
Poland's Prime Minister Donald Tusk said the losses due to US tariffs will be significant on both sides of the Atlantic. (AP pic) WARSAW : The new US tariffs on European products could cost Poland around PLN8 billion (US$2.16 billion), according to preliminary estimates, Polish Prime Minister Donald Tusk said today. 'The losses will be significant on both sides of the Atlantic, but a tough trade agreement is better than a senseless tariff war between allies,' he wrote on social media platform X. The US struck a framework trade agreement with the EU on Sunday, imposing a 15% import tariff on most EU goods – around half the threatened rate – and averting a bigger trade war between the two allies that account for almost a third of global trade. Poland does not export many products directly to the US, but expects to suffer knock-on effects as Polish companies are often subcontractors, and for instance, export car parts to Germany, which exports finished cars to the US. The new 15% baseline tariff on US imports includes cars, a mainstay of central European exports. Although below a threatened 27.5%, it is a big increase on the 2.5% before US President Donald Trump embarked on his global tariff announcements following his return to office in January. Other countries in Central Europe also said the deal had eliminated uncertainty that has disrupted transatlantic trade, but said they expected a hit from the new tariffs. The Czech finance ministry said on Tuesday US tariffs will slow Czech economic growth by 0.2 percentage points for the remainder of the year and by 0.39 percentage points in 2026, citing preliminary estimates.
