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Economy



Morocco's Economic Outlook Brightens as Inflation Set to Drop to 1% in 2024

Morocco's inflation rate is projected to decline significantly, reaching a five-year low of 1% in the fourth quarter of 2024, according to Bank Al-Maghrib (BAM), the country's central bank. This marks a substantial improvement from the 6.1% rate recorded in 2023. Core inflation, excluding volatile......

Starbucks Workers Launch Strike in Three U.S. Cities, Threaten Nationwide Action

Starbucks employees are set to strike in three major U.S. cities this Friday, with union leaders warning that the action could spread nationwide in the busy days leading up to Christmas. The strike will initially affect locations in Los Angeles, Chicago, and the company's home city of Seattle. This......

Bitcoin dips sharply amid Federal Reserve decisions

Bitcoin, which has been soaring to record highs in recent weeks, experienced a significant decline, losing approximately $8,000 in value. This drop follows key decisions by the U.S. Federal Reserve, led by Chair Jerome Powell, that unsettled investors. Interest rate cuts spark concerns On December......

A Cautious Approach Federal Reserve's Slow Path to Rate Cuts

The Federal Reserve is poised to announce a quarter-point reduction in its benchmark interest rate, lowering it from approximately 4.6% to around 4.3%. While this marks a continuation of recent cuts, the pace of rate reductions is expected to slow in 2025, signaling a shift in the central bank's......

UK Joins Trans-Pacific Trade Bloc A Strategic Leap Post-Brexit  

The United Kingdom officially became the 12th member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on Sunday. This milestone marks a significant step in the UK's post-Brexit strategy to deepen economic ties in the Asia-Pacific region and expand its global trade......

Bitcoin: After Its Historic Surge, Is a Drop Inevitable Before 2025?

The Bitcoin market is currently experiencing a period of mixed signals, as the cryptocurrency undergoes dramatic fluctuations. After crossing the symbolic threshold of $100,000 in early December 2024, Bitcoin has since retreated to around $95,000 ($95,478.63 at the time of writing). This price swing......

Lockheed Martin Expands Defense Manufacturing Footprint in Morocco

Lockheed Martin has significantly strengthened its presence in Morocco as part of its ongoing efforts to boost defense partnerships in the North African region. This year marks a milestone for the company, celebrating 50 years of collaboration with Morocco, beginning with the delivery of the first C-130H......

Dollar-Dirham Exchange Rate Declines 0.57% Amid Euro Gains and Global Turmoil

The dollar-dirham exchange rate depreciated by 0.57% during the week of November 25 to 29, falling from 10.06 to 10. This marks a significant drop after the pair remained above the 10 dirham threshold earlier in the week, according to a report from Attijari Global Research (AGR). The decline was primarily......

China Explores Strategic Partnership with Morocco Amid Western Trade Barriers

China is increasing investments in Morocco to capitalize on the kingdom's strategic advantages, including its proximity to European markets and access to the African Continental Free Trade Area (AfCFTA). In an analysis by Ahmed Aboudouh, an associate fellow at Chatham House, Morocco is identified......

World Bank Announces Record $100 Billion Support for the Poorest Nations

The World Bank has unveiled an unprecedented commitment to aid the world's poorest countries, raising nearly $24 billion in new funds. This initiative will allow the bank to leverage these resources, unlocking a remarkable total of $100 billion in loans and grants. The goal is to address the pressing......

Bitcoin Surpasses USD 103,000, Reaching Historic Heights Amid Growing Institutional Interest

Bitcoin has made headlines by reaching a historic high of USD 103,500 overnight before slightly retreating to USD 101,000 this morning. This surge, marking an impressive 70% increase since October and a 50% rise over the past month, underscores Bitcoin's strengthening position as both a hedge against......

Africa's Lobito Project Civil Society Skeptical of Its Impact on the Local Economy

The Lobito Corridor is a large-scale infrastructure project that aims to connect Angola's Atlantic Ocean coast to the mining regions of the Democratic Republic of Congo (DRC) and Zambia. This project, which has garnered significant attention, is being promoted by US President Joe Biden during his......

Bitcoin Surpasses $100,000 Following Trump's Appointment of Crypto-Friendly SEC Chair

Bitcoin has reached a new milestone, surpassing $100,000 for the first time in history, driven by the nomination of a crypto-friendly chairperson for the US Securities and Exchange Commission (SEC). This unprecedented surge in value has captured the attention of the crypto community, sparking widespread......

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