ClassPass says it has generated a total of 3.1 billion dollars in revenue for fitness and wellness studios worldwide since its launch in 2013, underscoring its argument that the booking platform delivers incremental income rather than cannibalizing in house memberships. The figure, nearly double the......
Puma SE has introduced a high-end $260 training shoe designed for the rapidly growing Hyrox fitness segment, betting on new performance categories to offset heavy financial setbacks. The German sportswear brand unveiled its Deviate Nitro Elite Hyrox model on February 19, coinciding with the release of......
German Chancellor Friedrich Merz announced on Wednesday in Beijing that China plans to order up to 120 additional aircraft from European aerospace manufacturer Airbus. Speaking during his official visit to the Chinese capital, Merz said German authorities had been informed that Chinese leaders intend......
Investors are pressing Volkswagen CEO Oliver Blume for concrete results in what they view as a make-or-break year for the German automaker. Now freed from his dual role at Porsche, which ended January 1, Blume has a narrowing window to halt the company's decline in China and address critical technology......
Dachser is set to revolutionize Morocco’s logistics landscape with the construction of a cutting-edge facility spanning 75,000 square meters in Tangier Automotive City. Scheduled for completion by June 2026, the project recently secured MAD 206.5 million ($20.65 million) in financing from the European......
Royal Air Maroc (RAM), Morocco’s national carrier, will introduce four new direct international routes from Casablanca starting September 2025. This move aligns with RAM’s strategy to expand its global network and reinforce connections between Morocco, Europe, and Africa. New destinations......
Volkswagen's net profit for the first quarter of the year decreased by 40.6 percent, dropping to €2.19 billion ($2.49 billion). Despite this, the company saw a 3 percent increase in revenue, which reached €77.56 billion. The 10-brand conglomerate, which includes Audi, Skoda, and Porsche,......
Allianz Trade has announced the appointment of Philippe Dessèvre as its new Global Head of Reinsurance and CEO of Euler Hermes Reinsurance AG, effective October 1. This strategic leadership change follows the retirement of Benoît des Cressonnières, who has been with the company for......
Casablanca, 12/02/2025 – HydroJeel, a subsidiary of INNOVX, has received a €30 million grant from the Power-to-X (PtX) Development Fund, an initiative of the German Federal Ministry for Economic Cooperation and Development (BMZ) managed by KGAL Investment Management on behalf of KfW. This......
The Chinese group "Jong Wei," a specialist in battery materials production, has announced a slowdown in its expansion across Asia, suspending a project in South Korea and postponing two others in Indonesia. However, the company reaffirmed its commitment to strengthening investments in Morocco,......
Morocco and Bavaria are exploring potential avenues for strategic collaboration. On Friday, the Moroccan Minister of Industry and Trade, Ryad Mezzour, met with Tobias Gotthardt, Secretary of State at the Bavarian Ministry of Economic Affairs, State Development, and Energy, in Rabat. This meeting underscored......
In a landmark shift, Spanish delivery platform Glovo has announced plans to hire its delivery workers directly, moving away from its previous model of using self-employed riders. This significant decision, revealed on Monday, will impact Glovo’s operations across over 900 cities in Spain and apply......
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