Morocco becomes Africa’s second largest electric vehicle market in 2025

Morocco ranked second in Africa for electric vehicle sales in 2025, with 5,500 units registered, according to data covering continental EV trends. The country accounted for 22% of Africa’s estimated 25,000 electric vehicles sold during the year, placing it behind Egypt and ahead of South Africa. The figures reflect a rapidly expanding......

Renault CEO urges EU to push Chinese carmakers to source more parts in Europe

The Chief Executive Officer of Renault has called on the European Union to encourage Chinese automakers operating in Europe to increase their sourcing of automotive components from within the region. Speaking at an industry event in Brussels, Renault CEO François Provost argued that Europe should negotiate a framework with China that......

Huawei launches AHEAD programme for AI in education health

Huawei has introduced its AHEAD programme, short for Alliance on Healthcare and Education AI Digitalization 2.0, during its global partner convention for the education and health sectors held in Shenzhen. The initiative brought together more than 500 clients and partners from over 40 countries and regions, reflecting the company’s effort......

Goldman Sachs raises AI server market forecast to $1.24 trillion

Goldman Sachs has increased its long-term forecast for the global artificial intelligence server market to 1.24 trillion dollars by 2030. The new estimate marks an 18 percent upward revision from a previous projection of 961 billion dollars. The adjustment reflects accelerating demand for computing infrastructure as companies expand artificial......

Oil drops to seven-week low after Iran Israel ceasefire

Oil prices fell to their lowest level in seven weeks after Iran and Israel announced a halt to their mutual attacks, easing fears of a wider regional disruption to energy supplies. The decline erased earlier gains triggered by renewed hostilities between the two sides, which had briefly pushed crude higher on concerns over supply risks in......

China’s domestic car demand comes under pressure, industry association says

China’s domestic automobile market is facing increasing pressure, with demand declining more sharply than expected at the start of the year and expected to remain weak throughout 2026, according to a senior industry representative. Chen Shihua, deputy secretary-general of the China Association of Automobile Manufacturers (CAAM), stated......

China Inc. adopts “quiet layoffs” as AI reshapes the workforce

Chinese companies are increasingly resorting to discreet workforce reductions as artificial intelligence tools rapidly transform business operations, according to industry reports and employee accounts. Rather than announcing large-scale layoffs, many firms are opting for gradual job cuts and reduced hiring in order to avoid public attention......

China zero-tariff policy boosts Morocco trade at Casablanca expo

Trade between China and Morocco is entering a new phase as both countries prepare to deepen economic cooperation under a widening network of industrial and commercial exchanges. A major China-Africa economic and trade exhibition is scheduled to take place in Casablanca from June 10 to June 12, bringing Chinese manufacturers and African partners......

China plans massive $295 billion investment in nationwide AI infrastructure

China is preparing a large-scale investment plan worth approximately 2 trillion yuan (around $295 billion) to significantly expand its national artificial intelligence and data infrastructure over the next five years, according to reports based on policy discussions. The initiative aims to build a nationwide network of interconnected data......

Asian investors turn to proxy assets ahead of spacex ipo debut

SpaceX’s planned initial public offering is triggering a surge of activity across Asian markets as retail investors seek indirect exposure to the company. With direct access to the listing limited or unavailable in several jurisdictions, traders are moving into exchange traded funds and supply chain stocks linked to the aerospace and......

Asian markets rebound after Israel Iran ceasefire agreement

Asian equity markets advanced after Israel and Iran announced a halt to direct military strikes, easing fears that had driven volatility across global financial systems. The de-escalation offered investors a temporary relief from energy supply risks and geopolitical uncertainty that had weighed on sentiment in recent sessions. Major regional......

SpaceX ipo sparks global rush across investment markets

SpaceX is preparing for a public listing that has triggered a broad surge in investor activity across global markets. The company is expected to begin trading on the Nasdaq on June 12 under the ticker symbol SPCX, with a valuation and structure that position it among the largest listings in the aerospace sector. The move has intensified demand......

Xi Jinping welcomed with grandeur by Kim Jong-un in North Korea

Chinese President Xi Jinping has been received with full honors in North Korea during a high-profile official visit, marking his first trip to the country since 2019. He was welcomed in Pyongyang by North Korean leader Kim Jong-un in a ceremony characterized by elaborate displays of protocol and symbolism. The two-day visit comes at a sensitive......

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