Economy



Renault-Nissan case: Rachida Dati soon to learn dates of her corruption trial

Former French Culture Minister Rachida Dati is expected to be informed on Monday of the schedule for her trial, in which she will appear alongside former Renault-Nissan chief Carlos Ghosn. Both face charges of corruption and influence peddling, accusations they strongly deny. The......

Europe’s wealth tax: Which countries still enforce it?

The debate over taxing the ultra-wealthy has reignited across Europe as discussions center on addressing national debts through wealth-based taxation. Economist Gabriel Zucman recently proposed a 2% minimum tax on fortunes exceeding €100 million, a measure aimed at replacing France’s former......

Alstom wins €260 million contract to modernize Morocco’s rail network

French transport giant Alstom has secured a €260 million contract to upgrade the railway line connecting Kenitra and Settat, marking a major milestone in Morocco’s ongoing rail sector transformation. The deal, signed with a consortium that includes Alstom, INEO Rail, and INEOLUM, will see......

Morocco-France economic forum to spotlight southern provinces as investment hub

The Morocco-France Economic Forum will convene in Dakhla on October 9, bringing together over 50 French companies, including several CAC 40 giants, to explore Morocco’s southern provinces as a rising investment destination. The forum aims to deepen bilateral ties and highlight new opportunities......

Morocco advances green hydrogen strategy with $31.2 billion investment in southern regions

The Moroccan government has taken a significant step forward in its green hydrogen ambitions, with the successful completion of the preliminary phase of the “Chbika 1” project. This milestone was announced during a steering committee meeting on the “Morocco Offer” for green hydrogen,......

Morocco sets new record with 745,000 tons of tomato exports, ranks third globally

Morocco has achieved a historic milestone in its agricultural sector, exporting 745,000 tons of tomatoes during the 2024/25 season, a record-breaking figure despite challenges posed by drought and labor shortages. This achievement solidifies Morocco’s position as the third-largest tomato exporter......

Tax savings in Andorra: Why moving from Spain might be worth it

Relocating to Andorra could significantly reduce your tax burden compared to living in Spain, especially if you’re a high-earner or self-employed. Nestled in the Pyrenees between Spain and France, this small, independent country offers not only breathtaking landscapes and outdoor activities but......

Montpellier mayor calls on French businesses to strengthen ties with Morocco

French businesses have been urged to seize the growing investment opportunities in Morocco, as highlighted by the mayor of Montpellier, Michaël Delafosse, during an Economic Day held in Montpellier. Organized in collaboration with Morocco’s Consulate General, the event focused on fostering......

France’s debt crisis deepens as prime minister faces confidence vote

France is grappling with an escalating sovereign debt crisis that threatens to destabilize the eurozone's second-largest economy as political turmoil compounds the government’s challenges. Prime Minister François Bayrou faces a critical confidence vote on Monday that could lead to his......

Bond yields surge to multi-decade highs amid global sell-off

Long-term government borrowing costs have climbed to their highest levels in decades across major economies, driven by rising fiscal concerns and inflation fears that are reshaping bond markets. Japanese 30-year bond yields reached a record 3.28% on Wednesday, while UK gilt yields soared to levels unseen......

EU advances Mercosur trade deal as French resistance eases

The European Commission has formally submitted the EU-Mercosur trade agreement for ratification, signaling a critical step in the world's largest proposed free trade pact. This development comes amidst signs of softening opposition from France, traditionally one of the deal’s most vocal critics.......

Renfe replaces low-cost Avlo trains with premium Ave services on Madrid-Barcelona route

Spain's national rail operator Renfe has announced the discontinuation of its low-cost Avlo services on the Madrid-Zaragoza-Barcelona high-speed line, effective September 8. These will be replaced by its premium Ave trains, while maintaining the same frequencies, schedules, and competitive pricing. Renfe......

France halts US-bound parcels as new tariffs disrupt trade

France’s national postal service, La Poste, has suspended business parcel deliveries to the United States, joining several European operators in response to upcoming import tariffs imposed by the Trump administration. The decision, effective Monday, excludes personal gifts valued under $100, which......

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