Economy

India's Tata chooses UK for $5 billion Jaguar Land Rover gigafactory

India's Tata Group will build an electric vehicle battery plant in Britain to supply its Jaguar Land Rover factories, delivering a major boost for a car industry in need of domestic battery production to help secure its future. Under the plan, announced by the government and Tata on Wednesday, the company will build its first ...

11:52 Et July 19, 2023

China’s economy misses growth forecasts, raising the odds of more support for its tepid recovery

China’s economic growth missed forecasts in the second quarter of the year, adding to worries over surging youth unemployment and a weak property sector and raising the likelihood ...

12:41 Et July 17, 2023

Moroccan delegation visits London to bolster economic partnership with UK

The General Confederation of Moroccan Enterprises (CGEM) conducted a mission to London on July 11-13, with the aim of further strengthening trade and investment relations between Morocco and ...

11:03 Et July 15, 2023

Morocco's economy should grow 3.4% in 2024, Minister says

Minister Fouzi Lekjaa, delegate of the Minister of Economy and Finance in charge of the budget, said on Friday in Rabat that based on the assumptions adopted, the ...

17:03 Et July 14, 2023

Oil prices set for second straight weekly gain after U.S. data

Oil prices rose on Friday and were on track for their second straight weekly gain, as resilient demand resulted in a larger-than-expected fall in U.S. oil stockpiles, offsetting ...

10:48 Et July 7, 2023

Turkish lira drops 7%, signalling move towards free market

Turkey's lira plunged 7% to a record low on Wednesday in its biggest daily selloff since a historic 2021 crash, a move traders said is a "strong signal" ...

12:53 Et June 7, 2023

Washington: Morocco Warns of Fragmentation in Global Economy

Minister of Economy and Finance, Nadia Fettah, warned in Washington against the fragmentation of the global economy, recalling that Morocco rather advocates the strengthening of cooperation. Fettah, who ...

12:26 Et April 15, 2023

French inflation hits record-high of 7.3% in February

Annual inflation in France hit a record 7.3% in February, the national statistics bureau Insee said on Wednesday. The prices were up from 7% in January. The authority's ...

15:00 Et March 15, 2023

Oil giant Saudi Aramco makes a historic $161B profit in 2022

Oil giant Saudi Aramco reported Sunday earning $161 billion last year, claiming the highest-ever recorded annual profit by a publicly listed company and drawing immediate criticism from activists. The monster profit by the firm, known formally as the Saudi Arabian Oil Co., came off the back of energy prices rising after Russia launched its war ...

13:32 Et March 12, 2023

Ford to cut 3,800 jobs in Europe, mostly in Germany, UK

Ford said Tuesday that it will cut 3,800 jobs in Europe over the next three years in an effort to streamline its operations as it contends with economic ...

11:00 Et February 14, 2023
Mon 3:00
few clouds
7.04
°
C
Tue
13.58
mostlycloudy
Wed
14.16
mostlycloudy
Thu
15.4
mostlycloudy
Fri
14.93
mostlycloudy
Sat
15.1
mostlycloudy