Economy
Bulgaria's parliament has approved the country's long-awaited 2026 budget, setting out plans for a larger fiscal deficit as the government seeks to support economic growth following months of political uncertainty. The budget projects the deficit to reach 5.7% of gross domestic product (GDP)......
The United States labor market has once again demonstrated remarkable resilience against ongoing macroeconomic pressures. Weekly initial jobless claims experienced a sharp decline during the week ending July 18, reaching their lowest levels in decades. This unexpected performance highlights the sustained......
Consumers across the euro zone became more optimistic about the inflation outlook in June, lowering their expectations for future price increases as easing energy costs helped improve sentiment, according to the latest European Central Bank (ECB) survey. The findings suggest households expected inflationary......
Germany's private sector returned to expansion in July, ending a four-month period of contraction as manufacturing activity gained momentum and lifted overall business performance. The latest survey suggests Europe's largest economy is showing early signs of recovery, although geopolitical risks......
British financial technology giant Revolut has reached an estimated valuation of $115 billion following the launch of a new secondary share sale, underscoring robust investor confidence in the company's rapid global expansion and digital banking trajectory. The revised valuation marks a sharp increase......
Electric vehicle manufacturer Tesla has successfully mitigated severe production constraints thanks to a key supply partnership with memory chipmaker Micron Technology, Chief Executive Officer Elon Musk revealed during the company’s quarterly earnings call. Addressing investors, Musk highlighted......
Morocco has joined the ranks of nations with the highest corporate income tax rates worldwide after raising its statutory corporate tax rate by one percentage point to 35 percent, according to the latest Corporate Tax Statistics 2026 report published by the Organisation for Economic Co-operation and......
Shares of American Airlines Group Inc. took a severe beating on Wall Street on Thursday, falling nearly eight percent to close at $13.62 after the carrier cut its full-year profit outlook for the second time this year. The sharp market reaction underscores the growing strain that elevated jet fuel prices......
The Moroccan economy is expanding at its fastest pace in more than ten years, heavily propelled by a boom in infrastructure investments and a notable recovery in the agricultural sector, according to a recent World Bank report. Released in its summer economic update titled "Cementing Growth: Digital......
London Stansted Airport has announced the return of daily Royal Air Maroc flights connecting the British capital with Casablanca, strengthening air links between the United Kingdom and Morocco and providing travelers with an additional option for reaching the North African country. The service is expected......
Morocco is set to welcome a new player in the fintech sector after startup Zazu secured $1 million in initial funding to prepare the launch of its digital banking platform in Morocco and South Africa. The company aims to provide small and medium-sized enterprises (SMEs) with easier access to financial......
Shares of two of the world's most closely watched technology companies, Alphabet and Tesla, came under heavy pressure on Thursday as investors reacted sharply to their latest quarterly results and outlooks. Alphabet, the parent company of Google, suffered a significant decline at the start of trading,......
Tanger Med is strengthening its position in international financial markets after Tanger Med Port Authority secured credit ratings from two major global rating agencies, a move expected to increase investor confidence and broaden access to international financing. Moody's Ratings assigned the port......
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