Economy
Spain's annual inflation rate, measured under the European Union's Harmonised Index of Consumer Prices (HICP), remained unchanged at 3.6% in June, according to final figures released by the National Statistics Institute (INE). The reading matched both the preliminary estimate published earlier......
Cryptocurrency markets posted modest gains on Tuesday, showing resilience despite rising geopolitical tensions and higher energy prices that have renewed concerns about global inflation and the outlook for interest rates. Investors continue to monitor developments in the Middle East, where geopolitical......
Moody’s has warned that Europe’s growing responsibility for its own security could place additional pressure on the sovereign credit ratings of several European countries as governments increase defense spending in the coming years. The credit rating agency said the evolving security landscape......
Solar energy became the largest source of electricity generation in the European Union during June, marking another milestone in the bloc's transition toward renewable energy, according to new analysis from energy think tank Ember. The report found that solar power accounted for approximately 25%......
India has secured nearly $10 billion in foreign currency inflows through a special deposit programme launched by the Reserve Bank of India (RBI), as authorities seek to reinforce foreign exchange reserves and support the stability of the Indian rupee, according to sources familiar with the matter. The......
Germany’s retail industry is entering a period of increasing uncertainty as companies struggle with rising operating costs and fragile consumer demand. Retailers across the country are reporting weaker business conditions, with higher expenses for energy, labour and procurement reducing profit......
The European Central Bank (ECB) has selected 36 payment service providers to participate in the next phase of its digital euro project, marking a major step forward in Europe’s plans to develop a central bank-backed digital currency. The group includes several major financial institutions operating......
Venezuela has confirmed that its oil industry continues to operate normally despite the devastating twin earthquakes that struck the country, causing widespread destruction and claiming more than 4,500 lives. Speaking during a televised meeting with business leaders, acting President Delcy Rodríguez......
Mastercard has expanded its global Priceless platform to Morocco, making the country one of the first African destinations to be featured in the exclusive travel and lifestyle program. The initiative is designed to promote Morocco's tourism potential by offering cardholders access to unique cultural,......
Morocco and the World Bank have launched a new 10-year partnership framework aimed at supporting the country's long-term economic transformation, strengthening the private sector, and creating more employment opportunities. The agreement reflects a shared commitment to building a more competitive,......
The World Bank has identified greater female participation in Morocco's labor market as a key driver of long-term economic growth, emphasizing that social and family responsibilities continue to prevent many women from entering or remaining in the workforce. In its Country Partnership Framework......
Venezuela is approaching a pivotal moment in its long-running financial crisis as investors await a clearer picture of the country’s debt obligations and the potential scale of losses in what could become one of the largest sovereign debt restructurings ever attempted. The complexity of Caracas’......
Morocco is accelerating investment in wind energy as part of its long-term strategy to strengthen energy independence and expand the role of renewable sources in its electricity mix. The country aims to have renewable energy account for 52% of its installed electricity generation capacity by 2030, reinforcing......
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