Economy
French cosmetics giant L’Oréal has announced that it will acquire a majority stake in India-based company Innovist, in a strategic move aimed at strengthening its position in one of the world’s fastest-growing beauty and personal care markets. The agreement also includes an option......
Cuba has taken a significant step toward reshaping its economic model after the country’s Communist Party approved a series of reforms aimed at expanding market mechanisms and encouraging greater private-sector participation. The measures were endorsed during an extraordinary plenary session of......
Global oil prices recorded a significant decline on Thursday following the signing of a framework agreement between the United States and Iran, a development that has eased concerns over energy supplies and reduced tensions in one of the world's most strategic regions for oil transportation. Market......
Tesco, the United Kingdom’s largest supermarket chain, has reported a slowdown in sales growth during the first quarter of its financial year, reflecting growing uncertainty among consumers amid ongoing geopolitical tensions and economic pressures. The retailer announced that like-for-like sales......
France’s economy is expected to grow by 0.7% this year despite ongoing geopolitical tensions in the Middle East, according to a new economic forecast released by the national statistics institute Insee. The institution notes that the conflict has triggered a sharp rise in oil and energy prices,......
Senegal is facing increasing financial pressure as concerns grow over the sustainability of its public debt. While discussions between the government and the International Monetary Fund (IMF) continue, many investors are becoming more pessimistic about the country's ability to meet its financial......
Germany has reached a significant milestone in its payment landscape, as cashless transactions have surpassed cash payments for the first time. The shift marks a major change in consumer habits in a country that has traditionally been known for its strong preference for cash. According to data released......
France’s unemployment insurance agency has called on the government to refrain from making any additional withdrawals from the country’s unemployment insurance fund, warning that such measures could undermine efforts to reduce debt and maintain financial stability. The appeal comes as updated......
The Organisation for Economic Co-operation and Development (OECD) has recommended that Norway reduce its wealth tax, suggesting that the country reform its broader tax system to shift the burden away from capital and labor while increasing taxation on property and inheritance. In its latest economic......
The European Central Bank (ECB) has reported that wage growth across the eurozone is gradually slowing, suggesting that recent inflationary pressures have not triggered a sustained surge in pay demands among workers. According to the ECB’s latest wage tracker data, negotiated wage growth is expected......
House prices in the United Kingdom increased by 3.8% in the year to April, marking a notable rebound in the property market after a period of stagnation, according to new data released by the Office for National Statistics (ONS). The figures show a clear recovery compared with the previous month, when......
Uzbekistan has reaffirmed its commitment to economic modernization and international investment, with President Shavkat Mirziyoyev announcing a new phase of reforms aimed at strengthening the country's business environment and accelerating long-term growth. Speaking at the Tashkent International......
The Moroccan Capital Market Authority (AMMC) has approved a prospectus related to a capital increase by Sanlam Maroc as part of its planned merger through the absorption of Allianz Maroc, according to an official statement released on Monday. The operation involves the issuance of 1,225,000 new shares,......
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