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Economy


Japanese automotive firms explore Morocco's promising market as gateway to Africa

In a significant development for Morocco's automotive sector, top Japanese automotive companies embarked on a business mission to Rabat, marking an important step in strengthening economic ties between the two nations. The mission, organized by the Japan External Trade Organization in Rabat (JETRO......

Japan Considers Supporting Alaska LNG Pipeline to Strengthen U.S. Relations

Japan is contemplating backing a $44 billion gas pipeline project in Alaska as part of efforts to strengthen its relationship with U.S. President Donald Trump and avoid potential trade conflicts. Japanese officials anticipate that Trump may bring up the project, which he believes is essential for U.S.......

U.S. Dollar on Track for Strongest Annual Performance in Nearly a Decade

The U.S. dollar is poised to achieve its best annual performance in nearly a decade, supported by a combination of economic strength and growing demand. Throughout the year, the dollar has seen a significant appreciation of 7%, marking its most substantial rise since 2015. This surge has led to a decline......

Biden Faces Crucial Decision on US-Japan Steel Deal

The proposed $15 billion acquisition of US Steel by Japan’s Nippon Steel has reached a critical juncture, leaving the final decision in the hands of United States President Joe Biden. This development comes after the Committee on Foreign Investment in the United States (CFIUS) failed to reach a......

Honda and Nissan Begin Historic Merger Talks to Create a Global Automotive Giant

Japanese automakers Honda and Nissan have agreed to enter negotiations regarding a historic merger that could establish the third-largest automotive group in the world. The two companies announced this significant development through a joint statement, confirming that they have signed a Memorandum of......

UK Joins Trans-Pacific Trade Bloc A Strategic Leap Post-Brexit  

The United Kingdom officially became the 12th member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on Sunday. This milestone marks a significant step in the UK's post-Brexit strategy to deepen economic ties in the Asia-Pacific region and expand its global trade......

World Bank Announces Record $100 Billion Support for the Poorest Nations

The World Bank has unveiled an unprecedented commitment to aid the world's poorest countries, raising nearly $24 billion in new funds. This initiative will allow the bank to leverage these resources, unlocking a remarkable total of $100 billion in loans and grants. The goal is to address the pressing......

Morocco Sets Its Sights on Japanese and Korean Investors

Morocco is intensifying efforts to solidify its position as a prime investment destination by targeting key Asian markets. From November 25 to 29, Karim Zidane, Morocco’s Minister of Investment, is leading a delegation to Japan and South Korea to attract foreign investment and foster economic collaboration. This......

Falling from the Middle Class: Economic Challenges in Indonesia

In Medan, North Sumatra, Indonesia, Halimah Nasution once enjoyed a comfortable life with her husband, Agus Saputra. Their wedding, graduation, and birthday rental business provided a stable monthly income of about 30 million rupiahs ($1,917), placing them in the upper tier of Indonesia’s middle......

Market Reactions Surge as Trump Election Victory

As Donald Trump appears poised to reclaim the presidency, financial markets are experiencing significant shifts, with the US dollar and Bitcoin reaching new heights. The dollar surged approximately 1.5% against major currencies, including the British pound, euro, and Japanese yen, reflecting traders'......

Lamia Merzouki’s Election Marks a New Era for Morocco in Global Finance

In a landmark achievement for Morocco's financial landscape, Lamia Merzouki, Deputy CEO of Casablanca Finance City (CFC), has been elected President of the World Alliance of International Financial Centres (WAIFC). This significant development was announced during the WAIFC's Annual General Meeting......

China and Japan: A New Chapter in Seafood Trade After Fukushima Dispute

China has announced its intention to "gradually resume" seafood imports from Japan, marking a resolution to a dispute that has spanned over a year. The conflict centered around the release of treated radioactive water from the Fukushima nuclear plant, which sparked concerns and a subsequent......

Ukraine's Power Grid Revival: EU's $39 Billion Loan to Rebuild Critical Infrastructure

In a significant move, the European Union has committed to providing Ukraine with a substantial loan of up to $39 billion to rebuild its power grid, which has been severely damaged by relentless Russian attacks. This financial support is part of a broader initiative by the Group of Seven (G7) nations......