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AI boom boosts tech giants' profits by more than $160 billion
The rapid expansion of artificial intelligence is generating gains for the world's largest technology companies far beyond direct sales of chips, software and cloud services. Rising valuations of AI-related investments have also become a significant contributor to their financial results. During the second quarter of the year, investments......
Morocco’s official reserves surge 22.7% to nearly 500 billion dirhams
Morocco’s monetary indicators continued to show strong momentum in July 2026, with official reserve assets recording a significant annual increase while bank lending to the non-financial sector also accelerated, according to the latest data from Bank Al-Maghrib. The country’s broad money supply, known as M3, reached approximately......
Shanghai Cooperation Organisation summit brings Putin, Xi and Modi together in Bishkek
The Shanghai Cooperation Organisation (SCO) is holding a two-day summit in Bishkek, Kyrgyzstan, on August 31 and September 1, bringing together Russian President Vladimir Putin, Chinese President Xi Jinping, Indian Prime Minister Narendra Modi and other leaders and representatives from member and partner countries. The meeting comes as the......
Austria records 646 heat-related deaths during June and July
Austria recorded 646 heat-related deaths during June and July, according to the Austrian Agency for Health and Food Safety (AGES), as intense heatwaves affected large parts of Europe this summer. The figure represents a new record for the country, exceeding the previous high of 570 heat-related deaths recorded during the same two months in......
Putin says Russia is ready to make visa-free travel with China permanent
Russian President Vladimir Putin has expressed Moscow's willingness to make visa-free travel between Russia and China a permanent arrangement, highlighting the growing depth of bilateral relations between the two countries. Speaking during talks with Chinese President Xi Jinping and delegations from both countries ahead of the Shanghai......
Data centers face growing water pressure as artificial intelligence expands
The rapid expansion of data centers is creating a new environmental challenge: rising pressure on water resources. As artificial intelligence, cloud computing and other digital services continue to grow, large-scale facilities require increasingly sophisticated cooling systems to manage the heat generated by thousands of servers. According......
Morocco increases direct flights to Russia to 17 services per week
Royal Air Maroc is strengthening its presence in the Russian market by increasing the frequency of its direct flights between Morocco and Russia, a move expected to improve air connectivity and support tourism and business exchanges between the two countries. Starting October 25, 2026, the Moroccan national carrier plans to increase its direct......
Ford injects $108 million into BTR battery plant in Morocco
Ford has provided $108 million in advance funding to a battery materials project operated by Chinese group BTR in Morocco, highlighting the growing integration of the North African country's industrial sector into global electric vehicle supply chains. According to BTR's financial disclosures, Ford has already paid $108 million out......
Lionel Messi appears with his children in the shirt of his new club
Lionel Messi has attracted attention after appearing alongside his children wearing the colors of Spanish club Cornellà, marking another public glimpse of the Argentine superstar’s growing involvement with the team he recently acquired. The Inter Miami captain was photographed wearing Cornellà’s green jersey alongside......
BIS warns about stablecoins as tokenized deposits gain support
The Bank for International Settlements (BIS) has raised concerns about the growing role of stablecoins in the global financial system, arguing that widespread adoption could create challenges for commercial banks, monetary policy and the functioning of national currencies. Pablo Hernández de Cos, general manager of the BIS, said stablecoins......
Trump bets on his political legacy as midterm elections raise Republican concerns
As the United States approaches the midterm elections, President Donald Trump is increasingly focused on how his presidency will be remembered, while growing concerns within the Republican Party center on whether his emphasis on his personal legacy could become a political liability ahead of a crucial congressional battle. According to reports......
Infantino faces fresh scrutiny over FIFA’s alleged image-management deal
FIFA president Gianni Infantino is facing renewed scrutiny following reports that football’s world governing body signed a multimillion-pound contract with a London-based marketing agency to strengthen its public image and promote the president internationally. According to The Times, FIFA agreed to pay Ten Toes Media around £2.3......
Most Gulf stock markets fall as investors weigh tighter U.S. monetary policy
Most Gulf stock markets ended lower on Sunday as investors reacted cautiously to signals from the U.S. Federal Reserve that could point to tighter monetary policy and a possible interest-rate increase in September. Market sentiment weakened after Federal Reserve policymaker Kevin Warsh said at the central bank’s annual economic symposium......
Venezuela unveils details of a 25-year oil agreement with the United States
Venezuela’s interim president Delcy Rodríguez has outlined details of a proposed long-term oil agreement with the United States, describing it as a 25-year bilateral project aimed at reviving the country’s energy sector and strengthening public revenues. According to Rodríguez, the agreement would involve the development......
China’s manufacturing activity contracts for second consecutive month in August
China’s manufacturing sector remained in contraction territory in August, marking the second consecutive month of declining activity and highlighting continued challenges facing the world’s second-largest economy. Official data released by the National Bureau of Statistics showed that the manufacturing Purchasing Managers’......