Economy
Morocco is moving forward with its ambition to establish a modern maritime industry as it advances plans for a major shipbuilding and ship repair complex at the Port of Casablanca. The project has attracted strong international interest, highlighting the country's growing appeal as a strategic destination......
Fast-fashion giant Shein is moving closer to launching one of the largest initial public offerings (IPOs) in Hong Kong in recent years, with reports indicating the company aims to raise between $2 billion and $3 billion through its planned stock market debut. According to market sources, the company......
French budget rapporteur Philippe Juvin has warned that France's public deficit could climb to 7% of gross domestic product by 2030 unless the government adopts deeper spending reforms, arguing that fiscal consolidation should rely on expenditure cuts rather than higher taxes. His comments come......
French energy major TotalEnergies has warned that geopolitical tensions in the Middle East affected its hydrocarbon production during the second quarter, although the disruption proved less severe than initially anticipated. Despite the operational impact, the company expects stronger overall financial......
The United States' Strategic Petroleum Reserve (SPR) has declined to its lowest level since 1983, according to the latest figures released by the U.S. Energy Information Administration (EIA). The drop reflects a reduction of nearly three million barrels, leaving the emergency stockpile at approximately......
Government bond yields across the euro zone moved higher on Thursday as renewed geopolitical tensions in the Gulf fueled concerns over energy prices and inflation, while relatively subdued U.S. inflation data helped keep Treasury yields more stable. The contrasting market movements narrowed the spread......
The International Atomic Energy Agency (IAEA) has described as “unacceptable” the reported death of an engineer working at Ukraine’s Zaporizhzhia nuclear power plant, warning that the incident represents a serious threat to nuclear safety amid the ongoing war. IAEA Director General......
India’s Shapoorji Pallonji Group has raised $650 million through its first-ever dollar-denominated debt issuance, marking a significant step in the conglomerate’s efforts to access global capital markets, according to sources familiar with the transaction. The fundraising represents the......
The United States has announced new tariffs of 25% on selected imports from Brazil, marking a significant escalation in bilateral trade tensions and prompting an immediate response from Brasília, which has pledged retaliatory action. The new duties are scheduled to take effect on July 22, giving......
Uber has reached an agreement to acquire German food delivery company Delivery Hero in a deal valued at approximately €12.7 billion, marking one of the largest transactions in the global on-demand delivery industry. The acquisition is expected to expand Uber's international presence in food......
Stellantis has officially launched production of its new Smart Car platform at its manufacturing facility in Kenitra, Morocco, marking an important milestone in the company's industrial strategy for the Middle East and Africa. The new platform will initially support the production of the Fiat Fastback......
Britain's economy returned to modest growth in May, supported by continued expansion in the services sector despite weaker performances in manufacturing and construction, according to the latest official economic data. Figures released by the Office for National Statistics (ONS) showed that gross......
Morocco is strengthening its position as a key player in the global clean energy transition, with several European partners viewing the Kingdom as a promising regional hub for the production and export of green hydrogen and renewable electricity. The growing interest reflects Morocco's abundant......
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