Economy
European Central Bank policymaker Joachim Nagel has cautioned that inflationary pressures in the Eurozone are likely to remain elevated even if the Strait of Hormuz reopens in the near term, highlighting the ongoing risks linked to global energy markets. Nagel noted that any improvement in oil supply......
Germany’s economic recovery is expected to remain weak and gradual, as high energy and commodity costs continue to pressure growth, according to the country’s economy ministry. In its latest monthly report, the ministry indicated that the German economy is likely to expand only modestly......
Morocco ranked second in Africa for electric vehicle sales in 2025, with 5,500 units registered, according to data covering continental EV trends. The country accounted for 22% of Africa’s estimated 25,000 electric vehicles sold during the year, placing it behind Egypt and ahead of South Africa.......
Germany’s economy is at risk of slipping into a technical recession this year as a sharp rise in energy prices linked to the conflict involving Iran weighs heavily on growth, according to the DIW economic institute. The Berlin-based think tank DIW Berlin has revised its economic outlook downward,......
Air travel across Europe faced widespread disruption as airlines and airports struggled with reduced jet fuel availability and sustained high seasonal demand. Thousands of flights experienced delays while more than one hundred were cancelled across major hubs including Amsterdam, Paris, and London, extending......
The Houthi movement in Yemen announced a full ban on Israeli maritime navigation in the Red Sea, escalating tensions across one of the world’s most strategic shipping corridors. The declaration came alongside immediate missile attacks on commercial vessels operating in the Gulf of Aden, marking......
The chief executive of BASF has warned that an escalating conflict involving Iran could trigger widespread shortages of key raw materials and disrupt global automotive manufacturing in the second half of 2026. Markus Kamieth said supply chains are increasingly exposed to geopolitical shocks that are......
SpaceX is preparing for a public listing that has triggered a broad surge in investor activity across global markets. The company is expected to begin trading on the Nasdaq on June 12 under the ticker symbol SPCX, with a valuation and structure that position it among the largest listings in the aerospace......
The European Central Bank is preparing to raise interest rates for the first time in nearly three years as inflationary pressures intensify across the eurozone. The move comes as policymakers respond to weakening growth and persistent price increases linked to energy market disruptions. The eurozone......
Germany's industrial sector experienced a notable slowdown in April as new factory orders fell more sharply than economists had anticipated, reflecting a challenging environment for Europe's largest economy. According to official data, industrial orders declined compared with the previous month,......
Eurozone GDP contracted by 0.2 percent in the first quarter of 2026 after a sharp downward revision of earlier estimates. The final figures show a significant shift from the initial flash estimate, which had indicated a 0.1 percent expansion. The revision marks the first quarterly contraction in the......
Moroccan businessman Moulay Hafid Elalamy has taken 92.3 percent control of Arktika Capital AB, a Sweden based licensed credit institution focused on distressed debt. His son, Moulay Mhamed Elalamy, has been appointed chief executive officer of the company. The stake is held through a network of investment......
Germany’s manufacturing sector showed signs of stagnation in May as weakening demand and rising production costs weighed on overall industrial performance, according to recent business survey data. The latest figures indicate that factory activity remained just above the threshold that separates......
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