Economy
Germany-based automotive supplier SFC Automotive Solutions has inaugurated a new industrial facility within the Tanger Med industrial zone, adding a significant investment to Morocco's rapidly expanding automotive sector. The ceremony brought together Morocco's Minister Delegate in charge of......
New unemployment claims in the United States increased slightly last week but remained lower than economists had expected, suggesting that the American labor market continues to show resilience despite economic uncertainty and layoffs in some industries. According to data released by the U.S. Labor......
Swiss telecom group Swisscom has warned that its dispute over mobile tower infrastructure in Italy could take up to five years to fully resolve, highlighting ongoing challenges in the country’s highly competitive telecom market. The company is seeking to reduce its dependence on Italian tower......
Chile’s six largest television networks have filed a formal complaint against Google, accusing the tech giant of abusing its dominant position in search engines and digital advertising markets. The complaint was submitted to Chile’s Tribunal for the Defense of Free Competition (TDLC) and......
State-backed ElectroMobility Poland (EMP) has announced a strategic partnership with Taiwan’s Foxconn to develop an electric vehicle manufacturing and research hub in southern Poland, marking a significant step in the country’s ambition to build a competitive domestic EV industry. The project......
Global asset management giant BlackRock is preparing to invest in a dollar-denominated bond issued by a subsidiary of India’s Shapoorji Pallonji Group, according to financial market sources familiar with the transaction. The planned investment could range between 100 million and 200 million U.S.......
British sportswear retailer JD Sports has publicly expressed confidence in Nike’s leadership, praising CEO Elliott Hill for efforts aimed at revitalizing the global sportswear giant. Nike has been undergoing a strategic transformation since Hill returned to lead the company in late 2024. After......
Italian banking group BPER Banca reported stronger-than-expected financial results for the first quarter of the year, supported by higher revenues and the successful integration of its merger with Banca Popolare di Sondrio. The bank announced a net profit of 549 million euros during the first three......
Indian liquor producer Radico Khaitan has resumed shipments to Gulf countries after exports were temporarily disrupted by regional geopolitical tensions earlier this year. Company officials stated that deliveries gradually restarted in late April following a slowdown that affected trade and consumer......
Emirates Group announced record revenue results for the 2025/26 financial year, reflecting continued growth in the global aviation sector and strong demand for international travel. According to the company, group revenue reached 150.5 billion UAE dirhams, equivalent to nearly 41 billion U.S. dollars.......
French energy company Engie has confirmed that it will continue pursuing its development strategy in the Middle East despite ongoing regional instability linked to geopolitical tensions and disruptions caused by the conflict involving Iran. Company executives stated that the region remains part of Engie’s......
Eni shareholders have approved a new board lineup proposed by the Italian government, opening the way for Chief Executive Officer Claudio Descalzi to secure an unprecedented fifth term at the helm of the state-controlled energy company. At the annual general meeting, 51.38% of participating shareholders......
Solar and wind energy combined with battery storage can now deliver continuous electricity at a lower cost than fossil fuels in regions with strong natural resources, according to a new report by International Renewable Energy Agency. The findings come as global energy markets face sustained pressure,......
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