Micron shares drop over 20% in six days after Google unveils TurboQuant
Micron Technology shares plunged more than 20% over six straight sessions, entering bear market territory. Investors fear Google's new AI memory compression algorithm could weaken demand for chips fueling the artificial intelligence surge. The stock fell 7% Thursday to close at $355.46, down 23% from recent highs and posting the worst......
Markets weeks from peak panic amid US-Iran conflict, warns Alpine Macro
Nearly a month after US and Israeli strikes ignited the US-Iran conflict on February 28, fund managers scramble to reshape portfolios. Persistent volatility and surging oil prices upend standard investment approaches. Investors rush to cash and safe havens. One Australian small-cap fund boosted its cash holdings to almost 40%, far above the......
Cybersecurity stocks drop after Anthropic AI model leak
Cybersecurity stocks plunged Friday following a data leak that exposed Anthropic's testing of its most powerful AI model to date, Claude Mythos, which the company warns poses unprecedented cybersecurity risks. CrowdStrike fell 7 percent, Palo Alto Networks dropped 6 percent, Zscaler slid 4.5 percent, and Okta, SentinelOne and Fortinet......
US-Israel strikes hit Iranian residential areas, killing 18 in Qom
Rescue teams in Iran search for survivors under collapsed buildings in Tehran, Qom and Urmia after overnight US-Israeli strikes targeted residential zones. Qom reports at least 18 deaths, per the city's deputy governor cited by CNN. The attacks mark the latest in a nearly month-long campaign that has ravaged civilian infrastructure and......
Francis Jespers named CEO of Allianz Trade Maroc
Allianz Trade has appointed Francis Jespers as CEO for Morocco effective March 1, 2026. He succeeds Stéphane Rutili, who is retiring after a distinguished career with the group. Jespers currently serves as Program Director for Northern Europe at Allianz Trade. He brings over 30 years of international experience within the company.......
Japanese finance minister warns of bold action as yen nears 160
The USD/JPY pair traded just below the key 160.00 level Friday. Japanese Finance Minister Satsuki Katayama issued her strongest intervention warning yet against the yen's persistent slide, driven by soaring oil prices and Middle East tensions. Katayama told reporters Friday that authorities must respond firmly, including bold measures.......
Iran war boosts global demand for EVs, solar and heat pumps
The war in Iran has upended energy markets and exposed vulnerabilities in fossil fuel supply chains. Consumers and governments now show sharp interest in clean energy technologies, from electric vehicles and rooftop solar panels to heat pumps and induction stoves. Fighting has nearly halted oil exports through the Strait of Hormuz, the narrow......
Lagarde warns Iran war energy shocks could last years amid ECB rate hike debate
The European Central Bank faces classic stagflation pressures from the Iran war: surging energy prices pair with stagnant growth, forcing rate hike considerations officials hoped to avoid. ECB President Christine Lagarde told The Economist in a Thursday interview that conflict-linked energy disruptions may endure for years. She called quick......
European stocks dip as Middle East war fuels ECB rate hike bets
European stocks edged lower Friday as investors weighed the economic fallout from the ongoing Middle East war. Disruptions to energy flows through the Strait of Hormuz stoke inflation fears across the continent. The STOXX 600 fell 0.2 percent to 579.71 points. Mid-cap stocks led losses with a 1.4 percent drop. The decline capped a turbulent......
Dacia Maroc sponsors 35th Rallye Aïcha des Gazelles
Dacia Maroc renews its commitment to the Rallye Aïcha des Gazelles for a fifth year and becomes the official sponsor of the new crossover category. The 35th all-women race runs from March 27 to April 11 across Moroccan desert dunes and tracks. Over 200 teams navigate using only maps and compasses to reach checkpoints with minimal distance. Dacia......
Macquarie warns oil could hit $200 if Iran war lasts to June
Macquarie Group analysts warn oil prices could reach a record $200 per barrel if the US-Iran war drags to June with the Strait of Hormuz effectively closed. The Australian investment bank sees a 40 percent chance of prolonged conflict versus 60 percent odds of ending by late March, per a Bloomberg-cited note. Brent crude surged Thursday then......
Vicenne reports 30% revenue growth and 58% net profit rise in 2025
Vicenne's board met March 25 under Adil Bennani's chairmanship to approve 2025 consolidated financials. The year delivered strong activity growth with tight operational cost control, boosting profitability across key metrics. Consolidated revenue hit 1,084 million dirhams, crossing the billion-dirham mark for the first time. That......
Asia-Pacific governments roll out emergency measures amid energy crisis
Asia-Pacific governments have launched urgent fiscal programs, fuel subsidies and liquidity injections to steady markets rocked by the Middle East war. The conflict pitting the United States and Israel against Iran disrupts energy supplies and undermines economic confidence across the region. A Reuters summary published Friday lists growing......
M-Automotiv opens new Renault and Dacia showroom in Rabat
M-Automotiv, Morocco's leading automobile distributor, has launched a new showroom for Renault and Dacia brands in the Hay Riad district of Rabat. The facility spans 1,000 square meters at Espace les Lauriers on avenue Mehdi Ben Barka. It offers a modern customer experience aligned with international standards for both brands. The......
BYD posts steeper‑than‑expected profit drop in Q4 2025
BYD, the world’s largest electric‑vehicle maker, reported a sharper‑than‑expected decline in net profit in the fourth quarter of 2025, as intense price competition and tighter regulations in China have trimmed margins for a third consecutive quarter. The company disclosed the figures on Friday as its board met to approve audited......