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China's Youth Face Employment Crisis as Jobless Rate Hits Record High

In a troubling development highlighting the economic challenges facing the world's second-largest economy, China's youth unemployment rate has surged to an unprecedented 17.1% in July, according to the latest data from the National Bureau of Statistics. This figure represents the highest level......

Captivating Brazilian Travelers: Morocco's Ambitious Bid to Boost Tourism

In a strategic move to enhance tourism, Morocco is targeting the Brazilian market with plans to double the number of Brazilian tourists within three years. The Moroccan National Tourism Office (ONMT) is spearheading these efforts, capitalizing on the resumption of the direct Casablanca-Sao Paulo flight......

Surging Liquidity Demand in Morocco: Central Bank's Strategic Response

Morocco's Banking Sector Faces Heightened Liquidity Needs In a recent report by Morocco's central bank, Bank Al-Maghrib (BAM), July saw a notable rise in liquidity demand within the country's banking sector. The average weekly requirement soared to MAD 125.3 billion, surpassing June's......

Morocco's Strategic Leap in Clean Energy: $370 Million Lithium Battery Initiative

China Baoan and its subsidiary Betrui have unveiled a substantial $370 million investment in Tanger Science and Technology City, aimed at producing 60,000 tons of anode material annually. This development strengthens Morocco's foothold in the global lithium battery market. Building on Betrui’s......

US Justice Department Weighs Action Against Google’s Search Dominance

The U.S. Department of Justice (DOJ) is exploring potential actions following a landmark ruling that found Google guilty of monopolizing the online search market. Alphabet, Google’s parent company, saw its shares drop by 3% after the announcement. The DOJ is considering measures under antitrust......

Barclays Considered Exiting Israeli Bond Auctions

Barclays, one of seven foreign lenders assisting the Israeli government in selling debt, has reaffirmed its commitment to participating in Israeli government bond auctions. This decision follows reports that the bank had considered withdrawing from these auctions in response to pressure from pro-Palestinian......

Urgent Reforms Needed for Morocco's Pension System Stability

In a recent critical assessment, the Financial Stability Report highlights pressing issues within Morocco's pension sector, necessitating urgent reforms to ensure its future viability. The report, a collaborative effort by Morocco’s central bank Bank Al-Maghrib (BAM), the Moroccan Capital Market......

Morocco Beckons: French Buyers Drawn to Affordable Properties and Cultural Richness in 2024

In 2024, French buyers have discovered a treasure trove of affordable real estate opportunities in Morocco, with apartment prices starting as low as €42,000 and properties outside major cities averaging €600 per square meter. Morocco has emerged as a favored destination for French property......

The Enchanting World of Video Games: A Modern Marvel

In the intricate tapestry of contemporary life, video games hold a unique and compelling position. Much like unexpected plot twists in a beloved series, they have evolved from simple diversions into a cultural phenomenon captivating millions. The video game industry, with its monumental market value......

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