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Economy
In a significant industry move, South Korea's LG Energy Solution (LGES) is eyeing Morocco as a potential site for a new Electric Vehicle (EV) battery production facility. This strategic consideration comes as the company aims to strengthen its foothold in the European market amidst changing trade......
In a significant policy shift aimed at addressing its rapidly aging population and strained pension system, China has announced plans to gradually increase its statutory retirement age over the next five years. This decision, part of a series of resolutions adopted at the recent Third Plenum, a crucial......
Morocco's fertilizer exports to Brazil have experienced an unprecedented rise, catapulting the country to the position of the third largest supplier in June 2023. According to data from the Brazilian statistics agency, as reported by RIA Novosti, Morocco's exports surged by 2.3 times compared......
China is currently facing a growing scandal that has shaken the nation's food industry and sparked widespread public outrage. Allegations have emerged suggesting that fuel tankers, previously used to transport toxic chemicals, have been repurposed to carry cooking oil without proper decontamination.......
The world's perception of China's economic influence is a complex and nuanced landscape, as revealed by a recent survey conducted by the Pew Research Center. The study, which polled 44,166 people across 35 countries spanning six continents, paints a fascinating picture of how China's economic......
In a shocking revelation that threatens to tarnish the glittering reputation of Milan's fashion industry, Italian authorities have uncovered widespread exploitation of workers in the production of high-end handbags and leather goods. The investigation, spearheaded by Milan prosecutors, has laid bare......
In a candid assessment, the athletic apparel titan Nike has braced investors for a turbulent journey ahead, forecasting a 10% sales decline in its current quarter as it grapples with an intricate tapestry of challenges spanning sluggish consumer trends, a faltering Chinese market, and the arduous task......
In a strategic move aimed at bolstering Europe's electric vehicle (EV) industry, Volkswagen has identified Morocco as a pivotal center for battery production. This decision underscores the pressing need to address the supply chain gaps that have hindered Europe's efforts to establish a robust......
Adidas has launched an intensive investigation into its Chinese operations following the receipt of an anonymous letter alleging significant compliance violations, according to a report by the Financial Times on Sunday. On June 7, the German sportswear company received a detailed whistleblower complaint......
In a significant development marking a strategic collaboration between China and Morocco, Chinese companies are channeling substantial investments into transforming the North African nation into a key hub for electric car battery production and export. With investments amounting to at least €2.45......
Amidst the vibrant pulse of Marrakech, the second day of GITEX Africa 2024 saw a gathering of forward-thinking minds, united in their mission to propel Africa's burgeoning startup ecosystem to unprecedented heights. The 10X Stage, charged with anticipation, served as the arena for a symphony of insights......
