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Keywords: Economic


World Bank approves second $125 million grant to support Somalia's reforms

The World Bank’s Board of Executive Directors has approved a second Development Policy Financing (DPF) operation for the Federal Republic of Somalia, amounting to $125 million. The grant will be provided by the International Development Association (IDA), the Bank’s fund for the world’s......

Argentina: Milei seeks to criminalize support for deficit budgets in Congress

Argentine President Javier Milei announced two key measures aimed at legally safeguarding budget balance and reinforcing his zero-deficit policy, central to his economic agenda. The announcement comes amid heightened tensions between the executive and Congress, following the approval of laws and the......

Italians turn away from private beaches amid debate over rising prices

This summer, many Italians are shunning private beaches due to the rising costs of renting loungers, parasols, and cabins. Traditionally, renting these amenities has been a central part of Italy’s summer beach culture. However, private beach resorts along Italy’s coasts have reported a 15%......

Morocco unveils four key priorities for 2026 budget reform

The Moroccan government has outlined four major priorities for the 2026 Finance Bill (PLF), in line with the High Royal Guidelines. These priorities mark a new phase of transformation for the Kingdom and aim to balance economic growth with social justice and territorial equity. According to the official......

France's unemployment rate steady at 7.5% in second quarter, reports Insee

France's unemployment rate, as defined by the International Labour Organization (ILO), remained stable at 7.5% in the second quarter of 2025, the National Institute of Statistics and Economic Studies (Insee) announced on Friday. The rate for the first quarter was also revised slightly upward from......

UM6P spearheads pan-African initiative to drive Africa’s transformation

University Mohammed VI Polytechnic (UM6P), in partnership with key organizations, has launched "Lead," a pan-African initiative aimed at advancing Africa's growth by fostering public policy excellence and institutional development. A collaborative effort for change The initiative, hosted......

US tariffs ignite global trade tensions and economic uncertainty

New tariffs reshape international trade dynamics US President Donald Trump has implemented sweeping tariffs on imports from over 90 countries, sparking diplomatic tensions and economic anxiety worldwide. The tariffs aim to address what the administration views as a skewed global trade system. On his......

Immigrants do not harm Spanish jobs or wages, studies confirm

Immigration in Spain has become a polarizing topic in recent years, fueled by political rhetoric and sensationalized narratives. However, mounting evidence from economic studies debunks claims that immigrants take jobs from Spaniards or depress wages, challenging widespread misconceptions. The rise......

Italy moves forward with world’s longest suspension bridge project

Italy’s government has approved a groundbreaking €13.5 billion ($15.6 billion) project to construct the world’s longest suspension bridge, connecting the island of Sicily to the mainland across the Strait of Messina. The ambitious state-funded project, which has been debated for decades,......

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