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Economy
China announced plans to impose an additional 55 percent tariff on beef imports that exceed newly defined country quotas, targeting major suppliers such as Brazil and the United States and closing a year long safeguard investigation into the sector. The Chinese commerce ministry said the measure will......
Air China said it and a subsidiary have signed an agreement with Airbus to purchase 60 A320neo aircraft, a deal valued at about 9.5 billion dollars at catalogue prices. The aircraft are scheduled for delivery in batches between 2028 and 2032, according to a filing with the Shanghai Stock Exchange, marking......
China's yuan has surged past the critical 7-per-dollar threshold in onshore trading for the first time since 2023, reaching 6.9960 on Tuesday amid evident concerns from authorities over the currency's sharp strengthening. This milestone reflects mounting pressures on Beijing to balance export......
China’s industrial sector saw a sharp drop in profits in November, reflecting persistent deflationary pressures and weakening domestic demand that continue to challenge the country’s post-pandemic recovery. Official data showed that profits for major industrial firms fell 13.1% year-on-year......
A fully loaded Panama-flagged oil tanker has returned to Venezuelan waters after the United States intensified its maritime blockade targeting the country’s oil exports. The vessel, initially bound for foreign ports, reversed course following reports that the U.S. Coast Guard intercepted several......
The Chinese yuan exceeded the key threshold of 7 per dollar for the first time since September 2024, signaling renewed confidence in the nation’s currency strategy. The offshore yuan reached 6.9985 against the U.S. dollar on Thursday after the People’s Bank of China (PBOC) set its daily midpoint......
China has emerged as the key force shaping global oil prices, overtaking OPEC+ by using large-scale crude imports and strategic stockpiling to stabilize and influence the market. As the world’s largest oil importer, Beijing now sets the effective boundaries for price fluctuations through inventory......
A growing number of Russian oil tankers are stuck at sea as sanctions, logistical bottlenecks, and recent attacks in the Black Sea intensify bottlenecks across Asian ports. The disruptions highlight the growing strain on Russia’s so-called “shadow fleet” a network of aging vessels......
Chinese automakers are increasingly establishing themselves in Morocco’s car market, gaining momentum with remarkable sales growth that challenges the dominance of traditional European brands. Over the past year, Chinese manufacturers have moved from being peripheral players to significant competitors......
Morocco’s leading construction firms, SGTM and TGCC, have been awarded a landmark MAD 12.87 billion ($1.29 billion) contract to construct the new terminal at Casablanca’s Mohammed V Airport. The ambitious project, part of the kingdom’s long-term “Airports 2030” strategy,......
Gold prices steadied close to their record peak on Thursday, while silver and platinum continued to test fresh highs as investors awaited key US inflation data and central bank decisions that could shape global monetary policy through year-end. Spot gold hovered around 4,334 dollars an ounce, roughly......
The seventh session of the Joint Commission on Economic, Trade, and Technical Cooperation between Morocco and China took place on Tuesday in Beijing. The session, part of the ongoing strategic partnership established in 2016, was co-chaired by Morocco’s Minister of Industry and Trade, Ryad Mezzour,......
Global markets faced renewed turbulence as a sharp selloff in artificial intelligence-related stocks deepened, erasing billions in market value and triggering a broader rotation away from the technology sector. The downturn, marked by steep losses across Wall Street and major Asian exchanges, underscored......
