Morocco becomes Africa’s second largest electric vehicle market in 2025

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. The figures reflect a rapidly expanding......

Morgan Stanley forecasts $570 billion AI debt surge in 2026

Global debt markets are undergoing a structural shift driven by the rapid expansion of artificial intelligence infrastructure spending. Morgan Stanley estimates that global AI-related debt issuance will rise to nearly $570 billion in 2026, more than doubling from previous levels as major technology companies accelerate borrowing to fund data......

Petition against Trump’s “Manga-Style Posts” gains 20,000 signatures in Japan

A petition in Japan opposing the use of manga and anime characters in political content linked to U.S. President Donald Trump has gathered around 20,000 signatures, according to organizers. The controversy intensified after a video shared on Truth Social showed Trump depicted in a style resembling Naruto Uzumaki, a character from the popular......

Nintendo shares fall after disappointing switch 2 showcase

Nintendo shares fell sharply after a summer presentation failed to restore investor confidence, extending a prolonged decline in the company’s market value. The American depositary receipts dropped by around 9 percent during Tuesday’s trading session, marking one of the steepest single-day moves in months for the Japanese gaming......

Honda America recalls over 880,000 vehicles due to rear suspension defect risk

Honda Motor America has announced a large-scale recall affecting more than 880,000 vehicles in the United States due to a potential failure in rear suspension components, according to the National Highway Traffic Safety Administration (NHTSA). The recall covers several popular models, including certain versions of the Honda Pilot, Honda Ridgeline,......

Asian investors turn to proxy assets ahead of spacex ipo debut

SpaceX’s planned initial public offering is triggering a surge of activity across Asian markets as retail investors seek indirect exposure to the company. With direct access to the listing limited or unavailable in several jurisdictions, traders are moving into exchange traded funds and supply chain stocks linked to the aerospace and......

Asian markets rebound after Israel Iran ceasefire agreement

Asian equity markets advanced after Israel and Iran announced a halt to direct military strikes, easing fears that had driven volatility across global financial systems. The de-escalation offered investors a temporary relief from energy supply risks and geopolitical uncertainty that had weighed on sentiment in recent sessions. Major regional......

SpaceX ipo sparks global rush across investment markets

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 sector. The move has intensified demand......

Hitachi and Google Cloud expand alliance in physical AI security

Hitachi and Google Cloud have expanded their strategic partnership to accelerate the deployment of physical artificial intelligence systems and strengthen cybersecurity defenses against AI driven threats. The announcement builds on an initial agreement reached in May 2024 and extends cooperation into new security services and industrial applications. The......

Global stocks sell off as SpaceX IPO drains liquidity

Global equities faced heavy selling pressure as investors reacted to expectations that a major SpaceX initial public offering would pull liquidity out of technology-heavy portfolios. BNP Paribas analysts linked the wave of declines in semiconductor stocks to retail investors liquidating positions to raise cash ahead of what is expected to......

Philippines earthquake death toll rises to 37 as search efforts continue

A powerful magnitude 7.8 earthquake struck off the coast of Mindanao in the southern Philippines on Monday morning, killing at least 37 people and injuring hundreds, as emergency crews continued searching for survivors on Tuesday. Authorities reported widespread destruction across several provinces, with thousands of families affected by the......

Nearly 100 schools closed in Japan after multiple bear sightings

Authorities in Japan have ordered the temporary closure of nearly 100 schools following a series of reported bear sightings in and around a city north of Tokyo. The decision was taken as a precautionary measure to protect students and residents while officials work to locate the animals. Over several days, local authorities received multiple......

Goldman Sachs warns of sharp global oil demand decline

Goldman Sachs has warned that global oil demand fell more sharply than previously expected, citing an estimated reduction of 4 to 5 million barrels per day in April. The decline is linked in part to disruptions in maritime flows through the Strait of Hormuz, which temporarily reduced global consumption by around 4 to 5 percent. The assessment......

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