Morocco’s Economy, A Deep Dive into Growth and Reform Initiatives
Morocco’s economic landscape is poised for resilience, with the International Monetary Fund (IMF) forecasting a 3.1% GDP growth in 2023, up from 0.8% in the previous year.
Investors uneasy as market decline accelerates
The Bank of England maintained that it is emergency bond-buying program would expire this week, which caused more instability in the UK financial markets. As investors sought greater rates to lend to the UK, the cost of government borrowing over ten years suddenly soared to its highest level since 2008. To stop a sell-off that […]
UK labour market exodus drives jobless rate down to 3.5%
Britain reported a record jump in the number of people leaving the labour market in the three months to August, adding to the Bank of England’s inflation headaches.
Analysis: Democrats score big wins on climate, drugs with $430 billion U.S. Senate bill
Democrats scored a major policy victory when the U.S. Senate passed a $430 billion climate change, healthcare and tax bill that will help reduce the carbon emissions that drive climate change while also cutting drug costs for the elderly.
Biden to Impose a Minimum Tax on Billionaires in Budget Proposal
The White House is reportedly to ask Congress to enact a new minimum tax on billionaires as part of a budget proposal aimed at revitalizing President Biden’s domestic strategy and reducing the deficit. According to various media outlets, the Biden administration will seek a new minimum tax on billionaires in its 2023 budget proposal, which […]
Philips shares slide as shortages and recall hit profits
Philips shares (PHG.AS) plunged more than 11% on Wednesday morning after the Dutch health technology company hiked the cost of its massive recall of ventilators and said earnings would take a big hit from global supply chain shortages
Telecom Italia issues third profit warning in a year
Telecom Italia (TIM) (TLIT.MI), facing a takeover approach from U.S. fund KKR (KKR.N), has cut the 2021 earnings forecast for its domestic business due to lower-than-expected fixed line revenue from its partnership with DAZN to screen Italian soccer.
Robotics maker AutoStore doubles revenue, warns of margin impact
AutoStore (AUTO.OL) faces tight supply of certain components that will impact earnings margins in the short term, the Norwegian robotics company said on Wednesday after posting a 95% surge in third-quarter revenue to $84.7 million.
Ericsson to buy cloud firm Vonage for $6.2 bln
Mobile telecoms equipment maker Ericsson (ERICb.ST) said on Monday it had agreed to buy cloud communications firm Vonage for $6.2 billion.
Asia stocks catch Wall St cheer but China caps gains
Asian stocks inched higher on Tuesday, as upbeat Wall Street earnings lifted the broader economic outlook though fresh worries about China’s property sector hit Hong Kong and mainland markets.
