Economy

Honda reverts to profit on recovery from pandemic damage

Honda returned to profitability in April-June, recording a 222.5 billion yen ($2 billion) profit, as better sales and costs cuts added to the Japanese automaker’s bottom line. Honda Motor Co. had racked up a 80.8 billion yen loss the same period the previous year, when the entire auto industry was hurt by the coronavirus pandemic. ...

10:45 Et August 4, 2021

Maroc Telecom Has Nearly 74 Million Customers in H1-2021

The number of Maroc Telecom Group's customers reached nearly 74 million in the first half of 2021, up 7.5% compared to the end of June 2020. This progress ...

22:00 Et July 28, 2021

Asian shares fall on virus fears; oil falls after OPEC deal

Asian shares fell Monday across the board amid deepening pessimism over rising COVID-19 infections in the region. Oil prices dropped further after oil producing nations agreed to raise ...

14:00 Et July 19, 2021

Morocco: Budget Deficit of MAD 29.5 Bln at End of June

The situation of Treasury charges and resources for the first half of 2021 in Morocco shows a budget deficit of 29.5 billion dirhams, against a deficit of 29 ...

17:39 Et July 16, 2021

Yellen 'very concerned' Delta strain could threaten economic recovery

US Treasury Secretary Janet Yellen said she was "very concerned" that the highly transmissible Delta strain of the coronavirus could derail the global economy's recovery. The strain, which ...

15:36 Et July 11, 2021

Morocco: Public Investment Expected to Reach MAD 230 Bln in 2021

The volume of public investment in Morocco should reach 230 billion dirhams in 2021, despite the difficult situation due to the pandemic of the new coronavirus (Covid-19), thanks ...

21:29 Et July 8, 2021

Moroccan Group to invest $ 3.3bln in Niger

Moroccan group Ymmy Finance Holding will invest US $ 3.3 billion in several industrial and infrastructure projects in Niamey, the city's authorities and the Moroccan group have announced. ...

20:44 Et July 6, 2021

US Economy 'On the Move', Biden Says

The US economy is improving and the coronavirus is "on the move", President Joe Biden said on Friday after data showed at least 100,000 jobs above forecast levels ...

11:24 Et July 3, 2021

UN: Global Economy Could Loose over $4 Trillion in 2020-2021 Due to COVID-19

The global economy could loose around $4 trillion due to the impact of the COVID-19 pandemic on the tourism industry in 2020 and 2021, the United Nations World Tourism Organization (UNWTO) and the UN Conference on Trade and Development (UNCTAD) said in a report on Wednesday. The report stated that the financial damage could be ...

19:00 Et June 30, 2021

German unemployment falls by 73,000

Unemployment in Germany has fallen more sharply than in any June in the past 10 years.  The number of people without a job fell significantly by 73,000 to ...

15:00 Et June 30, 2021
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