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Economy



Morocco showcases public-private partnership model at New York summit

Morocco presented its innovative public-private partnership (PPP) model on Sunday during the “Public-Private Partnership Summit for Change” in New York. The high-profile event, held just before the UN General Assembly’s high-level week, brought together global business leaders and senior......

Trump's $100,000 H-1B visa fee disrupts global markets and shakes Indian IT sector

The unprecedented $100,000 fee imposed by President Donald Trump on new H-1B visa applications has sent shockwaves through global markets, with Asian and European stock exchanges reacting cautiously to the policy. The measure, effective September 21, 2025, marks a significant increase from the existing......

FTX to distribute $1.6 billion to creditors as recovery efforts surpass $7 billion

FTX, the once-dominant cryptocurrency exchange that collapsed in 2022, is set to distribute $1.6 billion to creditors starting September 30, 2025. This marks a significant milestone in the ongoing U.S. bankruptcy proceedings, with repayments overseen by a court-appointed recovery team. A structured......

Moroccan jewelers move to formalize gold trade with new import company

Moroccan jewelers are preparing to launch a gold import company under the leadership of the Moroccan Federation of Jewelers. This initiative seeks to combat the dominance of the informal market and establish a more regulated and stable gold industry in Morocco. Tackling informality in the gold sector The......

Elon Musk’s $1 billion Tesla stock buy sparks investor optimism amid EV market challenges

Elon Musk has made a bold move to reinforce confidence in Tesla, purchasing nearly $1 billion worth of its stock in open-market transactions. This marks his first such acquisition since 2020, as Musk acquired approximately 2.57 million shares at prices ranging from $372.37 to $396.54 per share. The transaction......

Morocco’s $35 billion green hydrogen vision: bold ambitions amid global uncertainty

In March 2025, Morocco launched an ambitious energy strategy under the Offre Maroc initiative, committing $35.15 billion (MAD 319 billion) to green hydrogen development across its southern provinces. This initiative aims to position the country as a global leader in green hydrogen production, targeting......

Morocco sustains watermelon exports to EU despite growing water crisis

Morocco has solidified its position as a leading supplier of watermelons to the European Union despite escalating concerns over its water scarcity. New data reveals the North African nation as the EU's second-largest watermelon exporter, trailing only Spain. According to agriculture-focused platform......

Nasdaq hits record high as gold soars past $3,600 amid rate cut speculation

The Nasdaq Composite reached an all-time high on Monday, while gold prices surged beyond $3,600 per ounce for the first time, as investors bet heavily on Federal Reserve interest rate cuts following disappointing U.S. employment data. The tech-heavy Nasdaq gained 0.45% to close at 21,798.70, surpassing......

Taiwan’s record-breaking exports highlight AI-driven semiconductor boom

Taiwan’s exports soared to an unprecedented $58.5 billion in August, marking a 34.1% year-on-year increase and the island's highest-ever monthly trade performance. This significant growth defied concerns over newly imposed U.S. tariffs and underscored Taiwan’s pivotal role in the global......

Ethereum revenue falls 44% in August despite record price surge

Ethereum’s revenue declined sharply in August 2025, dropping 44% from the previous month to $14.1 million, down from $25.6 million in July. The slump came even as Ether (ETH) reached a historic high of $4,957 on August 24, a 240% increase since April. Impact of the Dencun upgrade The Dencun upgrade,......

The overseas bank accounts you can open from Spain: diversify your savings and maximize returns

If you live in Spain, opening an overseas bank account can offer significant financial benefits, such as holding different currencies and accessing higher savings rates. While maintaining a Spanish bank account is essential for paying bills and taxes, many residents are exploring foreign accounts to......

Japanese prime minister's resignation sparks stock market surge amid hopes for economic stimulus

The resignation of Japan’s Prime Minister Shigeru Ishiba has triggered a rally in Asian markets, driven by optimism over potential fiscal stimulus under his successor. The announcement overshadowed weaker-than-expected Chinese export data, as investors shifted focus to the likelihood of more accommodative......

Trump-backed WLFI crypto token makes waves with $7 billion debut

World Liberty Financial’s (WLFI) crypto token, linked to Donald Trump and his family, has officially launched, transforming from a symbolic concept into a tangible, tradable asset. First announced on September 16, 2024, as a governance token with unclear trading intentions, WLFI went live on major......

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