Business
Global financial institution Citigroup has appointed Henning Wagner, previously of Deutsche Bank, as its new Head of Private Company Coverage for Germany and Austria, according to an internal memo reported by Reuters. Wagner is expected to join Citi in the third quarter of the year, where he will focus......
Russian mining and metals company Nornickel has reported that rising global metal prices are helping to offset higher logistics costs and longer delivery times caused by disruptions linked to the ongoing conflict in the Middle East. The company said that shipping routes for its base metals exports have......
German specialty chemicals group Evonik has announced key leadership changes, appointing a new chief financial officer while extending the mandate of its current chief executive officer until 2030. The company confirmed that Michael Rauch will take over as CFO following a recent board decision. His......
Tesla has launched a targeted hiring push in Taiwan for semiconductor engineers as its Terafab project gathers momentum, signaling a deeper move into advanced chip manufacturing. The recruitment drive focuses on experienced engineers with backgrounds in cutting edge fabrication processes, placing the......
A delegation of ambassadors from Asia Pacific countries visited the Moroccan jewelry group Oromecanica Rafinity in Casablanca on April 15, 2026, in a move aimed at strengthening economic and cultural cooperation. The visit formed part of broader efforts to deepen ties between Morocco and countries across......
Service station employees at TotalEnergies have gone on strike across France to protest rising fuel prices and demand higher wages, according to union representatives. The industrial action comes as workers argue that they are struggling to cope with increased living costs linked to higher fuel prices.......
European utility company Premier Energy has announced an agreement to acquire a major electricity distribution network in Romania from Macquarie Group in a deal valued at approximately $824 million. The transaction involves the purchase of assets linked to Evryo Group, including control over a key regional......
Ikea and Chupa Chups have teamed up for an unusual limited-edition product: a lollipop inspired by the taste of Ikea’s famous Swedish meatballs. Originally introduced as a playful April Fools’ joke on Ikea’s social media platforms, the idea quickly gained popularity among internet......
BLS International has announced a set of operational upgrades across its visa application centers in Morocco to handle rising demand ahead of the peak travel season. The improvements target faster processing, smoother applicant journeys, and stronger service reliability across centers in Casablanca,......
German toy manufacturer Playmobil is preparing to open its first factory outlet store in France, marking a new step in its retail expansion strategy. The store will be located near the city of Troyes, within a shopping outlet known for attracting bargain-seeking customers. The new retail space, covering......
Dutch airline KLM Royal Dutch Airlines has announced the cancellation of 160 flights across Europe over the coming month, citing rising fuel costs as the primary reason for the decision. The move reflects increasing pressure on airlines as operational expenses continue to climb. KLM, part of the broader......
Morocco’s leading phosphate and fertilizer producer, OCP Group, has successfully raised $1.5 billion through a hybrid bond issuance on international markets. The operation marks a significant milestone, as the company becomes the first African issuer to launch a U.S. dollar-denominated hybrid bond......
Financial services giant American Express has announced plans to acquire Hyper, a startup specializing in artificial intelligence-driven expense management solutions. The move highlights the growing importance of AI in reshaping corporate financial operations. Hyper, founded in 2022 and backed by Sam......
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