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,......
AstraZeneca is relocating part of its manufacturing operations to the United States in response to the potential imposition of tariffs on pharmaceutical imports. Chief Executive Pascal Soriot reaffirmed the company’s strong commitment to expanding in the U.S., noting a 30% increase in first-quarter......
In the realm of international agribusiness, few figures exemplify the blend of cultural heritage and global expertise as effectively as Adil Benjelloun. Currently serving as Vice President of MEFSCO, a strategic partnership between the American agricultural powerhouse Cargill and Saudi Arabia's leading......
The Moroccan-American Network recently hosted the ninth edition of the Small Business Summit 2025 in Alexandria, Virginia, a vibrant event that brought together entrepreneurs, officials, and business leaders from both Morocco and the United States. The summit aimed to bolster economic ties between the......
Rodney McMullen, CEO of American retail giant Kroger, has stepped down following an internal investigation into his conduct. The company announced that his actions did not align with its ethical policies, as reported by CNN. Kroger’s board launched the inquiry last month after receiving information......
The recruitment landscape is undergoing significant transformation, but a troubling trend is causing growing concern for employers: “career catfishing.” This phenomenon, where candidates disappear at the last minute or fail to show up after being hired, is becoming increasingly common, particularly......
Morocco, with its dynamic economy and motivated, youthful workforce, offers an ideal environment for the growth of American franchises, said Marissa Scott, the U.S. Consul General in Casablanca, during her remarks at the opening of the Morocco Franchise Exhibition 2025 in Casablanca. She highlighted......
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,......
Boeing posted a significant loss for 2024, reporting a $11.8 billion deficit after facing multiple setbacks throughout the year, including an extended labor strike, safety concerns with its commercial planes, and defense contract issues. The company incurred a $3.9 billion loss in the fourth quarter,......
In an effort to address rising competition and attract cost-conscious diners, McDonald’s is set to expand its U.S. value menu early next year. This move aims to appeal to customers affected by inflation and shifting dining habits. Starting January 7, McDonald’s will introduce a new......
Delta Air Lines CEO, Ed Bastian, recently expressed optimism about the regulatory approach of the incoming administration, describing it as a potential "breath of fresh air" for the airline industry. Speaking to reporters ahead of Delta's annual investor event, Bastian highlighted the promises......
The U.S. International Development Finance Corporation (DFC) is set to establish a new office in Rabat, Morocco, in December 2024, marking a significant step in enhancing economic collaboration between the United States and Morocco. This initiative aligns with a broader strategy announced during a tripartite......
U.S. investment powerhouse Lowercarbon Capital is making significant inroads into France's cleantech landscape, with its latest investment spotlighting the fund's growing interest in European green innovation. The Wyoming-based firm, founded in 2018 by Chris and Crystal Sacca, has just added......
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