Economy
Danish wind turbine manufacturer Vestas Wind Systems reported a stronger-than-expected increase in its first-quarter profit, supported by a faster ramp-up in offshore wind turbine production. The company posted an operating profit before special items of 127 million euros, significantly higher than......
British fashion retailer Next plc has announced plans to offset rising costs linked to tensions in the Middle East by implementing moderate price increases in selected international markets. The company also intends to rely on internal cost-saving measures to maintain profitability. Impact of geopolitical......
Morocco's automotive sector delivered a strong export performance in the opening quarter of 2026, with sales abroad reaching nearly 42 billion dirhams by the end of March, a 12.1% increase compared to the same period a year earlier. The figures, released by the Office des Changes in its latest monthly......
Two of Morocco's most prominent retail groups have announced plans to merge, marking a significant consolidation in the country's distribution sector. Label'Vie S.A. and Retail Holding S.A. have formally disclosed their intention to combine through an absorption operation, creating a unified......
Remittances sent by Moroccans living abroad continued their upward trajectory in the first quarter of 2026, reaching 29.7 billion dirhams by the end of March, compared to 26.62 billion dirhams recorded during the same period in 2025. The figures, published by the Office des Changes, represent an annual......
Citigroup is expected to present updated medium-term profit targets during its upcoming investor day on Thursday, according to CEO Jane Fraser. The announcement will highlight the bank’s ongoing transformation, aimed at improving efficiency, reducing costs, and increasing revenues. Strategic restructuring......
Morocco's labor market displayed pronounced regional disparities in the first quarter of 2026, with activity rates ranging from well above to significantly below the national average of 41.8%, according to data released by the High Commission for Planning. Six regions recorded participation rates......
India is preparing to issue a new 10-year government bond that is expected to carry a coupon rate above 7%, according to market analysts. This would mark the first time in two years that such a level has been reached, reflecting growing pressure on borrowing costs. The government plans to raise around......
Fuel prices in Morocco were revised downward recently, with diesel dropping to around 14.50 dirhams per liter and petrol falling to approximately 14.40 dirhams, reductions of roughly one dirham and 1.10 dirhams respectively. However, several fuel distribution companies have been slow to pass these cuts......
Hungary’s banking sector is calling for clearer rules, greater stability, and a fairer competitive environment following the election of incoming Prime Minister Peter Magyar. After years of frequent policy changes under former leader Viktor Orban, financial institutions say they need predictability......
The services sector remains the leading source of employment in Morocco, according to recent data published by the High Commission for Planning (HCP). During the first quarter of 2026, the sector accounted for approximately 5,085,000 employed individuals, representing 49.1% of all wage-earning jobs in......
The real estate market in the Toronto has shown renewed momentum, with home sales recording their strongest monthly increase in nine months. At the same time, property prices have stabilized after a prolonged period of decline. Sales increase driven by affordability Data from the Toronto Regional Real......
The global aviation sector is reeling from a jet fuel crisis triggered by the US-Iran conflict, forcing airlines to cancel tens of thousands of flights, impose fuel surcharges, and in the case of Spirit Airlines, shut down operations entirely. Against this backdrop, Emirates announced on Sunday that......
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