Economy
Russian President Vladimir Putin has approved an unprecedented defense budget for 2025, allocating approximately $126 billion, or 13.5 trillion rubles, to the national defense sector. This amount constitutes 32.5% of the total government spending, marking a significant rise from the previous year’s......
Chinese companies are increasingly investing in Morocco's burgeoning electric vehicle (EV) industry, drawn by the country's strategic location and opportunities tied to U.S. subsidies. A recent article by the South China Morning Post highlighted the growing collaboration, marking a pivotal moment......
Morocco's aerospace sector has seen significant growth in 2024, with exports reaching MAD 21.86 billion ($2.16 billion), marking an impressive 17.3% increase compared to the previous year. This rise reflects a robust performance, particularly in the assembly segment, which alone grew by 26.9%, bringing......
Viatris, the US-based pharmaceutical corporation, has been fined $760,000 by Moroccan regulators for failing to inform them about its merger. The fine, which amounts to 2.5% of the company's revenue in Morocco for the previous year, highlights the country's commitment to enforcing its antitrust......
Morocco’s pursuit of becoming a key hub for foreign investment continues to gain momentum, fueled by the vision of His Majesty King Mohammed VI. The country has remained committed to a series of strategic reforms designed to enhance its attractiveness to investors, emphasizing sustainable growth......
Spirit Airlines has officially filed for Chapter 11 bankruptcy protection, citing mounting losses, increasing debt, and a failed merger as key factors in its decision. The Florida-based airline made the announcement on Monday, detailing the steps it will take to stabilize its operations amid financial......
In Medan, North Sumatra, Indonesia, Halimah Nasution once enjoyed a comfortable life with her husband, Agus Saputra. Their wedding, graduation, and birthday rental business provided a stable monthly income of about 30 million rupiahs ($1,917), placing them in the upper tier of Indonesia’s middle......
In a remarkable financial turnaround, the wealth of the world's ten richest individuals surged by an astonishing $64 billion following Donald Trump's recent election victory. This unprecedented increase, recorded by the Bloomberg Billionaires Index, marks the largest daily gain since the index's......
As Donald Trump appears poised to reclaim the presidency, financial markets are experiencing significant shifts, with the US dollar and Bitcoin reaching new heights. The dollar surged approximately 1.5% against major currencies, including the British pound, euro, and Japanese yen, reflecting traders'......
As the United States gears up for its presidential elections today, the dollar has experienced a notable decline. This drop comes amid heightened anticipation surrounding a closely contested race between Republican candidate Donald Trump and Democratic contender Kamala Harris. On Tuesday, the dollar......
Boeing workers have ended a seven-week strike after approving a new contract offering significant wage increases and bonuses. The International Association of Machinists and Aerospace Workers (IAM) announced that 59% of its members voted to accept the agreement, which will return approximately 33,000......
The U.S. labor market showed signs of weakness in October, with payroll growth significantly affected by a combination of adverse weather conditions and labor strikes. Economists are interpreting these fluctuations as temporary setbacks rather than indicative of a broader economic downturn. Recent reports......
Three Democratic senators have expressed their concerns regarding recent price hikes at McDonald's, claiming that these increases exceed reasonable inflation adjustments. In a letter addressed to McDonald’s President and CEO Chris Kempczinski, Senators Elizabeth Warren, Bob Casey, and Ron Wyden......
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