Business
French billionaire Vincent Bollore is set to stand trial on charges of corruption and embezzlement linked to election campaigns in West Africa, according to French prosecutors. The case relates to alleged activities in Togo and Guinea between 2009 and 2011. Investigators suspect that Bollore, through......
Amazon chief executive Andy Jassy said artificial intelligence could help Amazon Web Services reach 600 billion dollars in annual revenue within the next decade, significantly raising his earlier forecast, according to remarks reported by Reuters. Speaking at an internal company meeting, Jassy said......
Tencent Holdings reported strong financial results for the fourth quarter of 2025, with revenue reaching 194.4 billion yuan, or about 28.3 billion dollars, marking a 13 percent increase from a year earlier and slightly exceeding analyst forecasts. Net profit attributable to shareholders rose 14 percent......
AVEVA, a global leader in industrial software, has appointed Khaled Salah, 37, as Vice President for the Africa region. In this role, Salah will lead a team of 30 professionals to drive AVEVA’s growth strategy across the continent, reporting directly to Jesus Hernandez, SVP EMEA. With over 15......
The Bank of Canada announced on Wednesday that it would keep its key policy rate unchanged, signaling caution amid rising global energy prices. Governor Tiff Macklem emphasized that the central bank remains ready to raise rates if higher energy costs risk fueling persistent inflation. The Bank has maintained......
Amazon.com Inc. is planning a major reduction in the number of packages it ships through the U.S. Postal Service, according to reports from the Wall Street Journal. The move, expected to cut postal shipments by at least two-thirds, could result in significant revenue losses for the Postal Service, which......
The Central Bank of the United Arab Emirates (CBUAE) has unveiled a new package designed to strengthen the resilience of the nation’s banking sector amid ongoing tensions in the Gulf linked to the Iran crisis. The war, now entering its third week, has disrupted global energy markets and transportation......
Lululemon Athletica on Tuesday projected annual revenue and profit slightly below Wall Street expectations, reflecting ongoing challenges in a competitive market and internal governance issues. The announcement comes amid a period of leadership change and strategic uncertainty for the company. Lululemon......
Global consumer goods giant Unilever is reportedly evaluating a potential separation of its food division, as part of a broader effort to streamline operations and focus on higher-growth segments. According to reports, the company is in the early stages of reviewing strategic options for its food assets,......
Morocco’s national railway operator ONCF has introduced a special transport plan for Eid al Fitr 1447 and the end of the school holiday period, expanding rail service across the country from March 17 to March 29, 2026. The company said the temporary schedule is designed to manage higher passenger......
French fragrance brand Adopt has launched in Morocco with three store openings in March, marking a new step in its international expansion and bringing its accessible perfume model to a fast-growing beauty market. The company said it would open at Sela Park Almaz on March 11, Tachfine Center on March......
Salesforce announced the largest accelerated share repurchase ever executed by a company, committing 25 billion dollars to buy back its own stock as part of a broader 50 billion dollar repurchase program approved earlier this year. The company said it paid the 25 billion dollars to a consortium of major......
Discussions are reportedly underway for a major deal in the U.S. gaming industry, as Tilman J. Fertitta’s Fertitta Entertainment explores the possibility of acquiring Caesars Entertainment in a multibillion-dollar transaction. According to media reports citing sources familiar with the negotiations,......
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