Business
Amazon announced on Monday an additional investment of 18 billion euros in Spain, expanding its commitments in cloud computing and artificial intelligence. This new injection comes on top of the 15.7 billion euros previously announced in May 2024, bringing Amazon’s total planned investment in Spain......
Banks, hedge funds and insurers spent the weekend racing to map out their exposure to the Middle East as the escalating confrontation between Iran, the United States and Israel disrupted markets, travel and business operations across the Gulf. The latest round of strikes, which hit targets in the United......
Youness Bouchida left a corporate career to focus on entrepreneurship rooted in Morocco’s cultural heritage and creative industries. After observing that many Moroccan brands struggled to turn creative ideas into structured and sustainable businesses, he chose to create a framework that connects......
The German government has put the country’s units of Russian oil giant Rosneft under a trusteeship to secure long-term oversight of its local assets, the economy ministry announced on Saturday. The move affects Rosneft Deutschland (RDG) and RN Refining & Marketing (RNRM), including a stake......
Royal Air Maroc has announced the cancellation of several flights due to the closure of certain airspaces in the Middle East, citing strict adherence to aviation safety and security standards. In an official statement, the Moroccan national carrier said that some flights have already been canceled,......
SAP SE, Europe's most valuable software company, is facing widespread frustration among staff after a newly introduced bonus system appeared to reward underperforming managers while setting higher performance standards for lower-level employees. According to a Bloomberg report citing internal documents......
The Casablanca Commercial Court has rejected a $3.5 billion bid from Emirati firm MJM Investments to acquire Morocco’s sole oil refinery, SAMIR, which has been in judicial liquidation since March 2016. The decision marks another setback in efforts to revive the refinery, which halted operations......
ClassPass says it has generated a total of 3.1 billion dollars in revenue for fitness and wellness studios worldwide since its launch in 2013, underscoring its argument that the booking platform delivers incremental income rather than cannibalizing in house memberships. The figure, nearly double the......
OpenAI has secured a record breaking 110 billion dollars in new funding, more than doubling the size of its previous capital raise and cementing its position at the center of the artificial intelligence race. The deal values the ChatGPT maker at 730 billion dollars before the new money, placing it among......
Jeff Bezos’ artificial intelligence venture Project Prometheus is seeking tens of billions of dollars to build a new holding company that will buy industrial businesses reshaped by AI, deepening the Amazon founder’s latest return to an executive role in the technology sector. The planned......
Irish low-cost carrier Ryanair is set to strengthen air links between Spain and Morocco for the summer 2026 season, adding new routes and increasing flight frequencies to meet growing demand. The airline announced the launch of a new connection between Valencia and Rabat, which will operate twice weekly......
Puma SE has introduced a high-end $260 training shoe designed for the rapidly growing Hyrox fitness segment, betting on new performance categories to offset heavy financial setbacks. The German sportswear brand unveiled its Deviate Nitro Elite Hyrox model on February 19, coinciding with the release of......
Japan’s government bond market is offering some of the most attractive returns in years for dollar-based investors using currency hedges, according to BlackRock. The asset manager estimates that buyers of long-dated Japanese sovereign debt can currently secure yields of about 6 percent once the......
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