Economy
The UK’s main stock index, the FTSE 100, edged lower on Tuesday as shares in pharmaceutical group GSK weighed on market performance following the announcement of a major overseas acquisition. GSK revealed plans to acquire U.S.-based drug developer Nuvalent in a deal valued at approximately $10.6......
Global equities faced heavy selling pressure as investors reacted to expectations that a major SpaceX initial public offering would pull liquidity out of technology-heavy portfolios. BNP Paribas analysts linked the wave of declines in semiconductor stocks to retail investors liquidating positions to......
A proposal to significantly increase rail freight tariffs in Ukraine has sparked concerns among industrial leaders, who warn that the measure could further weaken the country's steel sector and threaten thousands of jobs during an already difficult economic period. Ukraine's state railway operator,......
India is exploring opportunities to secure greater access to strategic raw materials in Russia as part of its broader effort to strengthen industrial supply chains and support the long-term growth of its manufacturing sector. According to sources familiar with the discussions, representatives from major......
The United Kingdom's accounting watchdog has opened an investigation into the audit work carried out by PricewaterhouseCoopers (PwC) for travel retailer WH Smith, adding to ongoing regulatory scrutiny surrounding the company. The inquiry was announced by the Financial Reporting Council (FRC), the......
Four major French industrial groups have announced plans to establish a joint venture aimed at accelerating the production of sustainable aviation fuel (SAF), marking a significant step in the aviation sector's efforts to reduce carbon emissions. The partnership brings together Technip Energies,......
A long-term Ethereum investor executed a remarkably well-timed trading strategy by selling approximately $188 million worth of cryptocurrency holdings before a sharp market downturn and later rebuilding positions at significantly lower prices. Blockchain analytics firm Lookonchain described the move......
Institutional investors are treating Bitcoin's sharp decline as a buying opportunity rather than a reason to exit the market, according to Coinbase's head of institutional strategy John D'Agostino. Speaking on CNBC's "Squawk Box," D'Agostino said he was unaware of any major......
Egypt's annual inflation rate is expected to decline slightly in May, offering temporary relief to consumers and policymakers as the country continues to navigate economic challenges. Economists anticipate that the moderation in inflation will be largely driven by favorable statistical comparisons......
Morocco has introduced new customs facilitation measures for Moroccans residing abroad ahead of Operation Marhaba 2026. The changes target returning nationals during the annual summer transit period and focus on easing administrative procedures and increasing financial thresholds for exemptions. The......
Xpeng has officially expanded into Morocco, marking a new stage in its North African growth strategy. The Chinese electric vehicle manufacturer opened its first showroom on 1 April at Casablanca Finance City, positioning itself in one of the country’s main financial and commercial hubs. The move......
Morocco’s High Commission for Planning (HCP) has published the first findings from its new labor force survey, EMO2026, which replaces the long-standing National Employment Survey. The new framework provides a broader assessment of labor market conditions and introduces updated measurement methods......
Morocco’s OCP Group is preparing to raise up to MAD 5 billion through a perpetual subordinated bond issuance to finance the next stage of its industrial, energy, and environmental transformation strategy. The operation, approved by the Moroccan Capital Market Authority, will be offered exclusively......
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