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Economy
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......
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'......
The ongoing BRICS summit in Kazan, Russia has brought to light significant diplomatic tensions as South Africa firmly opposes Morocco's potential inclusion in the expanding economic bloc. The three-day gathering, which commenced on October 22, 2024, has placed the controversial topic of membership......
Morocco aims to increase its vehicle production to one million units per year by 2025, up from the current 700,000, as part of its ambitious automotive industry growth strategy. During a recent media briefing at the 2024 Paris Motor Show, Carlos Tavares, CEO of Stellantis, praised the performance of......
Morocco is taking significant steps to bolster its textile industry by forging stronger partnerships with China, a global powerhouse in textile manufacturing. This strategic move comes as part of Morocco's broader efforts to attract foreign investment and position itself as a key industrial hub in......
China has announced its intention to "gradually resume" seafood imports from Japan, marking a resolution to a dispute that has spanned over a year. The conflict centered around the release of treated radioactive water from the Fukushima nuclear plant, which sparked concerns and a subsequent......
The popular e-tailers Shein and Temu, known for their incredibly low prices, may soon face a significant shift in their pricing strategy as the Biden administration takes aim at a trade law loophole that has benefited these Chinese-linked retailers. This move could result in a substantial increase in......
The city of Xiamen, China, recently hosted the 2024 BRICS Forum focused on partnerships for a new industrial era on September 10 and 11. Morocco was represented by Ryad Mezzour, the Minister of Industry and Commerce, who emphasized the significance of the event for showcasing Morocco's industrial......
The Chinese textile powerhouse, Sunrise Group, has announced a significant investment of 4.1 billion dirhams (approximately $422.2 million) in Morocco, a move poised to invigorate the nation’s textile sector. This ambitious project was discussed during a meeting between Morocco's Head of Government,......
The 2024 Forum on China-Africa Cooperation (FOCAC) in Beijing marked a significant milestone in Sino-African relations as China announced a bold $50.69 billion investment plan for Africa over the next three years. This ambitious initiative aims to accelerate the continent's modernization efforts......
Morocco is taking a leading role in advocating for stronger collaboration between China and Africa, viewing this partnership as a cornerstone for the continent's future development. This stance was prominently displayed at the recent Forum on China-Africa Cooperation (FOCAC) summit, where Morocco's......
Canada has announced a 100% tariff on imports of Chinese-made electric vehicles, aligning with the United States’ stance. The move follows concerns from Western governments regarding China’s subsidies, which they argue provide an unfair advantage to Chinese industries. This decision......
In a troubling development highlighting the economic challenges facing the world's second-largest economy, China's youth unemployment rate has surged to an unprecedented 17.1% in July, according to the latest data from the National Bureau of Statistics. This figure represents the highest level......
