Business
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,......
AstraZeneca is relocating part of its manufacturing operations to the United States in response to the potential imposition of tariffs on pharmaceutical imports. Chief Executive Pascal Soriot reaffirmed the company’s strong commitment to expanding in the U.S., noting a 30% increase in first-quarter......
In the realm of international agribusiness, few figures exemplify the blend of cultural heritage and global expertise as effectively as Adil Benjelloun. Currently serving as Vice President of MEFSCO, a strategic partnership between the American agricultural powerhouse Cargill and Saudi Arabia's leading......
The Moroccan-American Network recently hosted the ninth edition of the Small Business Summit 2025 in Alexandria, Virginia, a vibrant event that brought together entrepreneurs, officials, and business leaders from both Morocco and the United States. The summit aimed to bolster economic ties between the......
Rodney McMullen, CEO of American retail giant Kroger, has stepped down following an internal investigation into his conduct. The company announced that his actions did not align with its ethical policies, as reported by CNN. Kroger’s board launched the inquiry last month after receiving information......
The recruitment landscape is undergoing significant transformation, but a troubling trend is causing growing concern for employers: “career catfishing.” This phenomenon, where candidates disappear at the last minute or fail to show up after being hired, is becoming increasingly common, particularly......
Morocco, with its dynamic economy and motivated, youthful workforce, offers an ideal environment for the growth of American franchises, said Marissa Scott, the U.S. Consul General in Casablanca, during her remarks at the opening of the Morocco Franchise Exhibition 2025 in Casablanca. She highlighted......
The Chinese group "Jong Wei," a specialist in battery materials production, has announced a slowdown in its expansion across Asia, suspending a project in South Korea and postponing two others in Indonesia. However, the company reaffirmed its commitment to strengthening investments in Morocco,......
Boeing posted a significant loss for 2024, reporting a $11.8 billion deficit after facing multiple setbacks throughout the year, including an extended labor strike, safety concerns with its commercial planes, and defense contract issues. The company incurred a $3.9 billion loss in the fourth quarter,......
In an effort to address rising competition and attract cost-conscious diners, McDonald’s is set to expand its U.S. value menu early next year. This move aims to appeal to customers affected by inflation and shifting dining habits. Starting January 7, McDonald’s will introduce a new......
Delta Air Lines CEO, Ed Bastian, recently expressed optimism about the regulatory approach of the incoming administration, describing it as a potential "breath of fresh air" for the airline industry. Speaking to reporters ahead of Delta's annual investor event, Bastian highlighted the promises......
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