Economy
Spain’s tax agency has vehemently rejected allegations from a UK-US law firm, asserting that the Beckham Law constitutes a “tax trap” that unfairly exploits foreigners relocating to the country. The law firm, led by American-Canadian Robert Amsterdam, has faced significant backlash......
Oil prices dropped sharply after key OPEC+ members, including Saudi Arabia and Russia, announced an increase in production of 411,000 barrels per day for June. This follows a similar decision the previous month that had already triggered a decline in prices. The price of Brent crude dipped nearly four......
Morocco plays a crucial role in two specific segments of the global barite market, both closely monitored through monthly reports by Fastmarkets. The first and more valuable segment involves raw, unprocessed barite with a specific gravity of 4.2, typically sold in bulk. This high-quality barite meets......
Recent data from Eurostat reveals a significant increase in Morocco's pharmaceutical imports from the European Union in 2024, although the country’s exports to the EU remain limited. According to the statistics, Morocco imported €559 million worth of medical and pharmaceutical products......
A report issued by the UK’s Department for Business and Trade on April 7, 2025, highlighted significant improvements in the trade agreement between Morocco and the United Kingdom, which took effect on January 1, 2021, under the bilateral partnership agreement. The latest data reflects an upward......
European stock markets took a severe hit at the beginning of trading on Monday, with Frankfurt witnessing a drop of up to 10 percent as a global sell-off worsened following U.S. President Donald Trump's tariffs. The indices fell sharply, with Paris losing over six percent, London nearly six percent,......
Global concern mounted after U.S. President Donald Trump unveiled sweeping tariffs, sparking fears of a global recession and sharply higher prices in the American market. Financial markets around the world plunged in response, while leaders from major economies criticized the move as a blow to decades......
Since Winston Churchill first coined the term “special relationship” in 1946, it has been the cornerstone of the bond between the UK and the US. This relationship, which was initially forged in the face of Soviet opposition, has grown stronger over the decades. However, after nearly 80 years,......
X-Links President and former Tesco chief Dave Lewis has issued a stark warning regarding the future of a groundbreaking £25 billion renewable energy initiative linking Morocco and the UK. Due to ongoing government delays, Lewis indicated that investors may consider shifting the project to Germany......
Morocco is poised to become a pivotal player in the United Kingdom's clean energy ambitions, according to former UK Defence Minister Nick Harvey. In a recent article for PoliticsHome, Harvey emphasized the North African country's potential to support Britain's renewable energy goals, particularly......
Inflation has seen a surprising surge, reaching its highest point in almost a year, according to official data. The latest report from the Office for National Statistics (ONS) reveals that inflation has spiked to 3% in January, up from 2.5% the previous month. Economists had anticipated a smaller increase......
Shein, the online fast-fashion retailer, is preparing to lower its valuation to around $50 billion for a potential London IPO, sources familiar with the matter have revealed. This marks a nearly 25% decrease from the company's 2023 fundraising value as it faces increasing challenges in the market. The......
The United Kingdom has announced the appointment of Ben Coleman as the new trade envoy to Morocco and West Africa. This decision was confirmed by Jonathan Reynolds, the UK Secretary of State for Business and Trade. Coleman, a British Member of Parliament representing Chelsea and Fulham, will play a crucial......
