Economy
U.S. President Donald Trump has unveiled plans to impose a 25% tariff on all steel and aluminum imports, alongside retaliatory tariffs aimed at countries that impose tariffs on American goods. Trump confirmed on Sunday that he would formally announce the steel and aluminum tariffs the next day, with......
Stellantis's manufacturing facility in Kenitra, Morocco, has launched production of Automated Guided Vehicles (AGVs), marking a significant advancement in the region's automotive manufacturing capabilities. The plant aims to produce 1,000 AGVs annually, according to Faro de Vigo. The AGV workshop......
Amazon's stock took a significant hit as concerns over its cloud computing division and a weaker-than-expected sales forecast led to a sharp decline in investor confidence. Following the release of its fourth-quarter earnings report, Amazon's shares dropped by up to 5% in after-hours trading,......
Shein, the online fast-fashion retailer, is preparing to lower its valuation to around $50 billion for a potential London IPO, sources familiar with the matter have revealed. This marks a nearly 25% decrease from the company's 2023 fundraising value as it faces increasing challenges in the market. The......
The European Central Bank (ECB) may further lower interest rates as inflation continues to moderate, according to board member Piero Cipollone. He also warned that escalating trade tensions between the United States and China could negatively affect the 20-member eurozone economy. Since June, the ECB......
Global gold demand is set to reach unprecedented levels in 2024, driven by a mix of economic uncertainties, increasing geopolitical tensions, and a surge in gold purchases by central banks. According to the World Gold Council’s annual report, total gold demand is expected to hit 4,974 tons in 2024,......
China has recently introduced a series of economic measures aimed at counteracting U.S. tariffs, notably a 10% tax on various Chinese imports. This includes tariffs on coal, liquefied natural gas, crude oil, agricultural machinery, and large cars. These duties will be effective starting February 10,......
U.S. President Donald Trump has announced that tariffs will soon be imposed on imports from the European Union (EU) and the United Kingdom (UK), despite hinting at the possibility of a trade agreement with Britain. The tariffs, set to come into effect on Tuesday, have already triggered global market......
Amidst escalating trade tensions, U.S. President Donald Trump imposed new tariffs on China, Canada, and Mexico. Canada and Mexico swiftly retaliated, enacting their own tariffs on U.S. products. However, China's reaction stood out as relatively restrained. China's Ministry of Commerce refrained......
In a significant shift in international trade policy, US President Donald Trump has announced substantial tariffs on imports from Mexico, Canada, and China. The sweeping measures, revealed on Saturday, impose a 25% tariff on Mexican and most Canadian imports, while Chinese goods will face a 10% tariff......
US President Donald Trump's decision to implement hefty tariffs on imports from Mexico, Canada, and China has ignited a trade war among North American allies, with swift retaliatory measures from both countries. Trump cited the need to protect American citizens and curb the illicit fentanyl trade,......
Morocco's citrus industry has achieved remarkable success in 2024, establishing itself as a key orange supplier to the United States and European markets. After facing significant challenges in 2023, the country's orange exports have reached unprecedented levels. According to East Fruit analytics,......
Jorf Lasfar's industrial port, a cornerstone of Morocco's economy, has reached a significant milestone with the inauguration of the first production lines for Nickel Cobalt Manganese (NCM) used in Precursor Cathode Active Materials (PCAM). This development is driven by Cobco, a subsidiary of......
