Economy
Nestle will cut 16,000 jobs, new CEO Philipp Navratil said on Thursday, as the world's largest packaged food company seeks to cut costs and win back investor confidence. The jobs being cut represent 5.8% of Nestle's around 277,000 employees. Navratil said Nestle had raised its cost savings target to 3 billion Swiss francs ($3.77 billion) from ...
A divided U.S. appeals court ruled on Friday that most of Donald Trump's tariffs are illegal, undercutting the Republican president's use of the levies as a key international ...
China’s leader Xi Jinping said no one wins in a trade war as he kicked off a diplomatic tour of Southeast Asia on Monday, reiterating China’s commitment to ...
Sweeping new tariffs announced Wednesday by U.S. President Donald Trump provoked dismay, threats of countermeasures and urgent calls for further negotiations to make trade rules fairer. But responses were ...
The dollar struggled to lift off a five-month low against major peers on Wednesday, as traders digested tit-for-tat U.S.-EU tariffs and a potential Russia-Ukraine ceasefire, while awaiting U.S. ...
French media reports indicate that Renault, the French automotive manufacturer, has yet to receive authorization from Algerian authorities to reopen its factory in Oran. The delay is reportedly ...
Mercedes-Benz's core car sales fell in 2024, a tough year for the auto industry marked by waning demand in a weak economy, especially in key market China, the ...
Minister Delegate to the Head of Government in charge of Investment, Convergence and Evaluation of Public Policies, Karim Zidane, called, in Seoul, on Korean companies to make profit ...
Morocco's exports have maintained their upward trend, reaching an estimated total of MAD 331 billion at the end of September 2024, said the Kingdom's Head of Government Aziz Akhannouch on Monday in Rabat. These revenues reflect a 5.3% (MAD 16.8 billion) year-on-year increase in value. Speaking at the House of Representatives, Akhannouch pointed out that ...
The dirham appreciated by 0.85% against the US dollar and by 0.26% against the euro, during the September 19-25 period, according to Morocco’s Central Bank, Bank Al-Maghrib (BAM). ...
