Overview of the latest economic events in the Czech Republic

Komerční banka will release its financial results for the three quarters today. The bank's net profit for the first half of the year rose 37.5 percent year-on-year to 8,9 miliardy korun. Other large banks reported an increase in profits for the period from the beginning of January to the end of September. Czech Statistical Office (CSO) will publish today the first preliminary data on economic growth for the third quarter of this year. Analysts mostly expect gross domestic product (GDP) to have grown year-on-year and quarter-on-quarter, albeit at a lower pace than in the previous quarter. In the second quarter of this year, the economy grew 2.6 percent year-on-year and 0.5 percent quarter-on-quarter.

Foreign investment

Redmond (USA) - Cloudovou službu Azure americké firmy Microsoft has suffered a blackout today. The company uvedla on the web, saying that it has secured a fix and clients should gradually see signs of systems recovery. The problem was reported by the airline Alaska Airlines nebo JetBlue Airways. Users then reported problems with, for example, the cloud version of Office (Microsoft 365), gaming apps Minecraft a XBox Live, chatbotem Copilot or coffee shop chain apps Costco a Starbucks, uvedla agentura AP.

Significant events outside the Czech Republic with global impact

Americká společnost OpenAI is paving the way for an initial public offering (IPO) that could value the company at up to 1 bilion dolarů (21 trillion crowns). Citing three people familiar with the matter, Reuters reported today that it would be one of the biggest stock market entries of all time. OpenAI has developed a popular chat system ChatGPT based on artificial intelligence (AI).

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