Economy



Affluence Abounds: The United States Mints Nearly 600,000 New Millionaires in 2023

In a remarkable testament to the nation's economic prowess, the United States has outpaced the rest of the world in minting new millionaires during the year 2023, according to reports from American media outlets citing a study by the digital services group Capgemini. The country welcomed a staggering......

Tesla: Elon Musk's Lavish Compensation Demand Raises Eyebrows

In an unprecedented move, Elon Musk's colossal compensation package, valued at a staggering $56 billion, has become a subject of intense scrutiny. The saga, which began in 2018 when Tesla's board approved the lucrative deal, took a dramatic turn when a U.S. court annulled the compensation plan......

GITEX Africa: Digitalization Fuels Morocco's Socioeconomic Surge

At the much-anticipated GITEX Africa 2024 in Marrakech, Morocco, Ghita Mezzour, Minister Delegate for Digital Transition and Administrative Reform, delivered a captivating keynote address, vividly illustrating the nation's digital renaissance. Mezzour's words resonated with Morocco's steadfast......

Mondelez Fined by EU for Anti-Competitive Practices

In a significant move against anti-competitive behavior, the European Union (EU) has imposed a hefty fine of €337.5 million (approximately $367 million) on Mondelez International, the American food and beverage giant responsible for renowned brands like Lu, Oreo, Milka, and Toblerone. The penalty......

Post-Pandemic Realignment: Amazon Streamlines Workforce with 10,000 Job Cuts

In a strategic move to adapt to the evolving market landscape, the renowned e-commerce titan Amazon has unveiled plans to trim its corporate and technology workforce globally. This restructuring initiative, which is set to impact approximately 10,000 positions, represents a pivotal adjustment in the......

This website, walaw.press, uses cookies to provide you with a good browsing experience and to continuously improve our services. By continuing to browse this site, you agree to the use of these cookies.