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Economy



SoFi reports record Q3 revenue and raises full-year outlook

SoFi Technologies delivered exceptional third-quarter 2025 results, posting a record adjusted net revenue of $950 million, far exceeding analysts’ expectations. The fintech company also raised its full-year guidance for the second time this year, reflecting strong momentum in digital banking as......

How multi-currency accounts transform international payments for Moroccan businesses

For Moroccan businesses operating globally, whether exporting products to Europe, importing from South America, or freelancing for international clients, navigating traditional banking systems can be fraught with challenges. Outdated processes, hefty fees, and unfavorable exchange rates often hinder......

Global stocks surge amid U.S.-China trade deal progress and Fed rate cut expectations

Global stock markets rallied on Monday as investors celebrated a breakthrough in U.S.-China trade negotiations and growing expectations for another Federal Reserve interest rate cut. The optimism propelled major indices to record highs, signaling a renewed appetite for risk among investors worldwide. Asian......

Bitcoin whale offloads $627 million during market rebound

Despite the recent recovery in Bitcoin prices, long-term holders, including high-profile whales, are offloading substantial amounts of cryptocurrency. One prominent Bitcoin whale sold $627 million worth of BTC within two weeks, even as the market shows signs of stabilization following successful trade......

Trump's visit to Japan sets stage for pivotal talks with Xi

Donald Trump arrived in Tokyo on Monday evening, commencing a high-stakes diplomatic mission that will culminate in his first face-to-face meeting with Chinese President Xi Jinping since resuming office. The visit comes at a critical juncture in U.S.-China relations as both nations strive to de-escalate......

Gold prices drop as US-China trade optimism reduces haven demand

Gold prices fell on Monday as optimism surrounding critical trade negotiations between the United States and China dampened demand for the safe-haven metal. Both nations signaled progress in resolving their prolonged trade conflict, easing market tensions. Spot gold declined by 1.3% to $4,060.80 per......

Delta Air Lines unveils first nonstop flight between Atlanta and Marrakech

Delta Air Lines has officially launched its inaugural nonstop flight connecting Atlanta, Georgia, to Marrakech, Morocco, marking a historic milestone in the airline's expanding global network. The first flight, operated by a Boeing 767-400ER, landed at Marrakech Menara Airport today, symbolizing......

World Bank estimates rebuilding Syria will cost $216 billion

The World Bank has released a report estimating that the cost to rebuild Syria is approximately $216 billion. This figure comes in the wake of over 13 years of turmoil, including a civil war, the emergence of the Islamic State, and an ongoing refugee crisis, all of which have severely damaged the nation’s......

Porsche faces $1.1 billion loss amid EV strategy overhaul and declining demand

Porsche AG has reported its first quarterly loss since becoming a publicly traded company, with an operating deficit of €967 million ($1.1 billion) for the third quarter of 2025. This dramatic downturn reflects the luxury automaker's costly strategic pivot on electric vehicles (EVs) and weak......

Morocco rethinks welfare with direct aid and social protection reforms

Morocco is undergoing a significant transformation in its approach to welfare and social protection, aiming to modernize its support systems while addressing long-standing economic and regional disparities. Central to this shift is the gradual reduction of the Compensation Fund, the country’s hallmark......

Bourita calls on Belgian investors to explore opportunities in Morocco's southern provinces

Morocco’s Minister of Foreign Affairs, Nasser Bourita, has urged Belgian businesses to seize investment opportunities in Morocco’s southern provinces, emphasizing the region’s potential as a hub for development and cooperation within Africa. Speaking at a joint press conference with......

Global stocks rise on strong earnings and trade optimism

European and Indian stock markets opened higher on Friday as positive corporate earnings reports and easing trade tensions between the United States and China lifted investor sentiment across global markets. India's benchmark BSE Sensex gained 0.13% to open at 84,667.23, while the Nifty 50 rose......

Canada slashes tariff-free car imports for GM and Stellantis over production cuts

Canada announced on Thursday it will cut duty-free import quotas for General Motors (GM) and Stellantis by up to 50%, escalating tensions in the North American automotive trade dispute triggered by former President Donald Trump’s tariffs. The decision is a response to both automakers scaling back......

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