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Economy



US and UK Seal Trade Deal While Steel Dispute Remains

KANANASKIS, Alberta — On the sidelines of the G7 Summit in Canada, U.S. President Donald Trump and UK Prime Minister Keir Starmer announced the signing of a new trade agreement aimed at easing certain tariffs between the two nations. The deal marks a step forward in efforts to finalize a comprehensive......

Elites under scrutiny: wealth concentration fuels public discontent

The growing influence and wealth of global elites have become a focal point of public frustration, straining the social fabric amid rising inequality. This tension manifests across continents, with economic disparities and elite dominance reshaping political and cultural landscapes. Elite universities......

US and China resume talks in London to prevent trade war

Top officials from the United States and China are set to meet in London in a renewed effort to preserve a delicate agreement on tariffs and prevent a full-scale trade war that has unsettled global markets and raised concerns of a worldwide recession. This high-stakes meeting, scheduled for Monday,......

Spain boosts imports of Moroccan fruits and vegetables by 24% in Q1 2025

Spain imported 188,076 tons of fruits and vegetables from Morocco during the first quarter of 2025, spending a total of €481 million. This marks a 24% increase in volume and a 23% rise in value compared to the same period last year, according to data from the agriculture-focused platform FreshPlaza. Steady......

Trump Doubles Tariffs on Steel and Aluminum to 50 amid Growing Trade Tensions

U.S. President Donald Trump has significantly increased tariffs on imported steel and aluminum, raising them to 50%. This move, announced in a presidential order effective from 12:01 a.m. local time on Tuesday, is presented as a measure to protect national security. According to the White House, although......

Ryanair warns of significant flight delays in Spain this summer

Low-cost airline Ryanair has raised alarms regarding a potential increase of up to 20% in flight delays for routes to and from Spain during the upcoming summer months. The airline attributes this worrying forecast to a shortage of air traffic controllers (ATCs) within the country. The airline has publicly......

Xlinks pauses ambitious UK-Morocco undersea power cable project amid regulatory hurdles

British firm Xlinks has temporarily paused its ambitious 3,900-kilometer undersea electricity cable project connecting Morocco to the United Kingdom. The company has halted its Development Consent Order (DCO) examination process while awaiting a crucial decision on its Contract for Difference (CfD) from......

Spain proposes hefty tax on foreign property buyers

Since the local Spain broke the news that the Spanish government has lodged a draft bill to charge non-EU, non-resident home buyers a 100 percent tax, there have been doubts about how much this tax would truly amount to. The Socialist government of Pedro Sánchez last week presented a draft law......

Return of cross-border driving fines after EU-UK reset deal

British motorists returning from Europe may soon face a renewed risk of fines for traffic violations, following the recent reset deal between the European Union and the United Kingdom. This agreement signals a significant shift in the enforcement of driving regulations that have been largely unenforced......

Marks & Spencer faces prolonged online disruption following cyber-attack

Marks & Spencer has announced that its online services will remain disrupted until July due to a recent cyber-attack. The retailer has reported significant challenges since the incident, which has left customers unable to place orders online for nearly a month. The company anticipates that the disruption......

G7 seeks unity beyond tariffs in Canada meeting

Finance leaders from the G7 nations will convene this week in Banff, Alberta, aiming to project unity on issues that go beyond U.S. President Donald Trump's recent tariff hikes. Their agenda includes economic security, support for Ukraine, collaboration on artificial intelligence, and backing for......

UK-Morocco cooperation: A pathway to business opportunities ahead of the 2030 World Cup

Morocco’s co-hosting of the 2030 World Cup alongside Spain and Portugal is enhancing its stature on multiple fronts, particularly in business and trade. The United Kingdom has recently declared its intent to strengthen ties with Morocco, aiming to unlock significant business opportunities linked......

Standard Chartered opens representative office in Morocco to enhance regional presence

British bank Standard Chartered has officially inaugurated a new representative office in Casablanca, Morocco, marking a significant expansion of its operations in the Middle East and North Africa region. This strategic move comes on the heels of receiving a license from Bank Al-Maghrib and the prestigious......

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