Economy



Oil surge rattles markets as inflation fears intensify

Global equity markets fell on Friday as a sharp rise in oil prices and higher bond yields reignited concerns that central banks may be forced to tighten monetary policy again. Investors reversed recent optimism over potential interest rate cuts, shifting toward expectations of prolonged monetary pressure......

Oil holds above 100 dollars as Trump Xi talks begin in Beijing

Oil prices stayed above the 100 dollar mark on Thursday as global markets focused on high level talks in Beijing between Donald Trump and Xi Jinping. Traders watched the meeting for any signal that could ease tensions linked to the Iran conflict and the disrupted flow of energy through the Strait of......

Mazda delays in-house EV launch to 2029 and cuts investment

Mazda has postponed the launch of its first dedicated battery electric vehicle to 2029 at the earliest and sharply reduced its electrification spending, signaling a strategic shift toward hybrid models as near-term demand for full electric vehicles weakens in several markets. The Japanese automaker......

Copper surges past 14,000 dollars as global smelting output declines

Copper prices rose sharply on Tuesday, briefly crossing 14,000 dollars per metric ton on the London Metal Exchange, moving close to their all-time high of 14,527.50 dollars reached on 29 January. The rally reflects tightening global supply conditions driven by geopolitical tensions, stronger demand from......

Africa seeks greater control over critical minerals value chains

African policymakers, researchers and mining experts are intensifying calls for local transformation of critical raw materials as global competition for strategic minerals accelerates. During a conference held in Rabat by the Policy Center for the New South and the Geology and Sustainable Mining Institute,......

Spanish meat exports decline as global demand shifts sharply

Spanish exports of meat and processed meat products fell by 13 percent during the first quarter of 2026, reflecting weaker international demand and major changes across key export markets. Data from Spain’s agricultural export monitoring system showed total overseas shipments reached 393,585 tonnes......

Trump and Xi face pressure to protect AI market rally

Investors are urging Donald Trump and Xi Jinping to avoid escalating technology and trade tensions during this week’s summit in Beijing, as global markets continue to rally around artificial intelligence. The two leaders are expected to meet on May 14 and 15 in what marks Trump’s first official......

Washington increases sanctions to curb Iranian oil sales to China

The administration of Donald Trump announced new sanctions targeting individuals and companies accused of helping facilitate Iranian oil exports to China, intensifying economic pressure on Tehran amid ongoing geopolitical tensions in the Middle East. According to the United States Department of the......

China and United States to hold trade talks in South Korea ahead of leaders’ summit

Trade delegations from China and the United States are set to meet in South Korea next week for high-level economic discussions, according to Chinese state media. The talks will take place on Tuesday and Wednesday and will focus on mutual trade issues between the two largest economies in the world,......

Solar with battery storage undercuts fossil fuel power costs

Solar and wind energy combined with battery storage can now deliver continuous electricity at a lower cost than fossil fuels in regions with strong natural resources, according to a new report by International Renewable Energy Agency. The findings come as global energy markets face sustained pressure,......

Morocco eyes China's zero-tariff opening to expand argan oil exports

China's decision to eliminate import duties on goods from 53 African countries, effective May 1, has handed Morocco's argan oil industry a direct route into one of the world's largest consumer markets. Producers in the country's arid southwest are positioning the sector for what they......

China removes tariffs for 53 African nations, excludes Eswatini over Taiwan ties

China has extended its duty free trade policy to all 53 African countries with which it maintains diplomatic relations, positioning itself as the first major economy to grant unilateral tariff free access across nearly the entire continent. The only exception is Eswatini, which continues to maintain......

UnionPay International secures Casablanca Finance City status to anchor Africa operations in Morocco

UnionPay International has officially obtained Casablanca Finance City status for its Morocco branch, formally establishing the country as the Chinese payment network's regional headquarters for financial services across Africa. The company confirmed the designation in a press release issued Tuesday,......

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