Business

Amazon has announced the elimination of 14,000 corporate roles, a decision CEO Andy Jassy attributes to cultural restructuring rather than financial pressures or artificial intelligence (AI). Speaking during the company’s earnings call on October 30, Jassy emphasized that the move was not driven......

Uber Technologies is set to invest $100 million in Pony AI, a leading Chinese robotaxi company, as part of a strategic move to deepen its foothold in the rapidly expanding autonomous vehicle market. The investment will be made via Pony AI’s initial public offering (IPO) in Hong Kong, which launched......

Tesla has officially commenced recruitment efforts in Morocco, marking a significant step in its African expansion strategy. The electric vehicle giant is seeking a Country Sales & Delivery Leader to spearhead its operations in the country, signaling the start of commercial activities in Morocco. The......

Tesla has unveiled a groundbreaking compensation plan for its CEO, Elon Musk, potentially valued at $1 trillion. The proposal, which could become the largest executive pay package in corporate history, will be presented to shareholders for approval at the company’s annual meeting on November 6......

As African nations and the United States gather in Luanda, Angola, for the US-Africa Business Summit, Morocco emerges as a central figure in advancing triangular cooperation and fostering deeper African integration. This leadership role, guided by King Mohammed VI, positions Morocco as a dynamic force......

Spanish airline Iberia has unveiled plans to expand its long-haul fleet from 45 to 70 aircraft, enabling the carrier to increase flight frequencies and introduce new routes across North and South America. The announcement marks a significant step in Iberia’s strategy to strengthen Madrid's......

Ryanair reported a 16% drop in annual profit, amounting to €1.61 billion ($1.8 billion) for the fiscal year ending in March, according to its latest earnings release. Despite this, the airline saw a modest 4% increase in total revenue, reaching €13.95 billion. Passenger traffic grew significantly,......

The "Choose France" business summit this year is expected to attract €37 billion ($41.35 billion) in total investments, according to Finance Minister Eric Lombard. The event focuses on encouraging major international companies to invest in France, with €20 billion allocated to new......

U.S. President Donald Trump announced a series of commercial agreements exceeding $200 billion between the United States and the United Arab Emirates. Among the major deals was a $14.5 billion agreement involving Boeing, GE Aerospace, and Etihad Airways, as confirmed by the White House. Etihad Airways,......

During a visit to Doha, U.S. President Donald Trump announced that Qatar Airways had placed a record-breaking order for 160 Boeing aircraft, marking a major milestone for the American aerospace firm. The White House confirmed that this is the largest order ever for Boeing's wide-body jets. According......

Japanese tech conglomerate SoftBank has reported a net profit of $7.8 billion (1.15 trillion yen) for the fiscal year ending March 2025, marking a strong turnaround from a net loss of 227 billion yen in the previous year. This marks SoftBank’s first full-year profit since the 2020–2021 fiscal......

Morocco is set to advance its defense capabilities significantly through a strategic partnership with the United States that will allow the North African country to produce F-16 fighter jet components. According to a document published in the US Federal Register on April 29, Morocco has officially joined......

Volkswagen's net profit for the first quarter of the year decreased by 40.6 percent, dropping to €2.19 billion ($2.49 billion). Despite this, the company saw a 3 percent increase in revenue, which reached €77.56 billion. The 10-brand conglomerate, which includes Audi, Skoda, and Porsche,......