Business
Stellantis has reported a record €22.3 billion net loss for the 2025 fiscal year, marking the worst result in the automaker’s history. The results reveal the high financial toll of dismantling its costly electric vehicle expansion strategy, a move that led to €25.4 billion in charges......
The Mövenpick Mansour Eddahbi Marrakech and the Palais des festivals et des congrès de Marrakech have announced the appointment of Fahd Abdorabi as general manager, marking a new chapter in the strategic development of the hospitality and events complex. The nomination forms part of a broader......
German Chancellor Friedrich Merz announced on Wednesday in Beijing that China plans to order up to 120 additional aircraft from European aerospace manufacturer Airbus. Speaking during his official visit to the Chinese capital, Merz said German authorities had been informed that Chinese leaders intend......
The medical device industry is facing heightened regulatory attention as authorities carry out unannounced inspections at the premises of several market operators. In a statement released last Friday, the Competition Council announced that it had conducted surprise visits and seizures in coordination......
Finland’s IQM Quantum Computers has agreed to merge with Real Asset Acquisition Corp, a US-listed special purpose acquisition company, in a deal that would take the quantum hardware maker public at an equity valuation of about 1.8 billion dollars. The transaction, which remains subject to approval......
Canada’s largest lenders are widely expected to deliver another quarter of solid financial results, buoyed by strong performances in capital markets and wealth management. However, analysts caution that slowing loan growth and signs of consumer strain could temper investor enthusiasm, particularly......
UGGC Avocats has elevated business lawyer Rim Tazi to partner at its Casablanca office, reinforcing the firm’s footprint in Morocco and across African markets. The appointment forms part of the continued expansion of UGGC Africa, the division coordinating the firm’s activities on the continent.......
India’s private lender IDFC First Bank has launched an internal investigation into a suspected fraud estimated at around $65 million involving accounts linked to government entities. The bank said it has also informed law enforcement authorities as part of its response to the incident. In a regulatory......
Pakistan has signed an agreement with the United States to jointly redevelop the iconic Roosevelt Hotel in midtown Manhattan, unlocking the potential of one of Pakistan’s most valuable overseas real estate investments. The pact follows approval from Pakistan’s cabinet and involves a memorandum......
Turkish Airlines reported strong traffic results for January 2026, transporting 7.6 million passengers and achieving an overall load factor of 84%, reflecting continued growth in both domestic and international operations. The airline also increased its available seat kilometers (ASK) by 10% compared......
Sweden’s financial regulator has imposed a significant sanction on property group Samhällsbyggnadsbolaget i Norden AB (SBB) over breaches related to the preparation of its consolidated financial statements. In a statement released on Wednesday, the Finansinspektionen (FI) announced an administrative......
Andrea Pignataro, the Italian billionaire who built one of Europe’s largest financial software groups, has entered the heated debate over artificial intelligence and its impact on the software industry, arguing that markets are fixated on the wrong danger. In a commentary published on February......
U.S. Secretary of State Marco Rubio is continuing his European tour with visits to Slovakia and Hungary, two countries led by political figures who maintain close ideological ties with President Donald Trump. The diplomatic trip follows Rubio’s address at the Munich Security Conference, where......
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