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PRAGUE NEWS INDEX28 / 04 11 2026

English-language Prague and Czech political, civic and cultural news.

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Chronological file / page 05

050Business

Fed expected to hold rates as scrutiny around Powell grows ahead of the first 2026 decision

Ahead of the Federal Reserve’s first policy meeting of 2026, investors largely expected no rate change following cuts last year. At the same time, reporting described a politically charged backdrop, including a Justice Department probe involving Chair Jerome Powell, adding a layer of uncertainty around central bank independence and leadership transition timing.

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054Sports

Donovan Mitchell erupts for 45 as Cavaliers beat Magic for fourth straight win

Donovan Mitchell scored 45 points to lead Cleveland past Orlando 114-98, extending the Cavaliers’ winning streak to four. After an early turnover-heavy start, Cleveland seized control with a dominant second quarter and kept the pressure on with efficient perimeter shooting and a rebounding edge.

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055Tech

Micron plans a $24 billion Singapore fab as AI demand tightens memory supply

Micron said it will invest about $24 billion over the next decade to build an advanced wafer fabrication facility in Singapore, aiming to expand NAND memory capacity amid intense AI-driven demand. Output is expected to begin in the second half of 2028, and the project adds to a wave of global semiconductor expansion tied to data centers and accelerating memory needs.

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056World

Kremlin says talks with US and Ukraine were constructive, but major hurdles remain

Russia says recent trilateral talks involving the United States, Ukraine and Russia were constructive, but no breakthrough has emerged as negotiators grapple with core disputes over territory and security guarantees. Officials signaled more discussions are planned, even as fighting continues and leaders face pressure to show progress toward a ceasefire and a durable settlement.

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057Business

US consumer confidence sinks to lowest level since 2014 as worries mount

US consumer confidence fell sharply in January, hitting its lowest reading since 2014, as Americans reported rising concerns about inflation, tariffs, politics and a weakening labor market. The report adds to pressure on policymakers as hiring slows and households become more pessimistic about near-term business conditions and job prospects.

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058Health

US flu activity dips for a second week, but experts warn the season may not be over

US flu indicators fell for a second straight week, including hospitalizations and clinic visits, but health experts cautioned that influenza often resurges after the holidays. A dominant H3N2 strain has been associated with more severe outcomes, and early data suggest much of the circulating virus may not be well matched to the season’s vaccine.

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059Latest

Massive winter storm spreads ice, snow and dangerous cold across much of the US

A sprawling winter storm has coated large sections of the United States in freezing rain, sleet and snow, triggering widespread power outages, mass flight cancellations and deadly travel conditions. Forecasters warned that lingering precipitation followed by extreme cold could extend impacts for days, complicating repairs and keeping roads hazardous even after the heaviest precipitation ends.

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060Tech

Sales of Nvidia’s H200 AI chip to China approved under new US security conditions

The Trump administration approved exports of Nvidia’s H200 AI chips to China but attached new security requirements, including third-party reviews and restrictions on the share of U.S.-sold chips that can be exported. The move highlights the US effort to balance industrial competitiveness with national security concerns about advanced computing.

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