Economy

Reuters: Musk wants to cut 10% of Tesla jobs

Tesla CEO Elon Musk has a "super bad feeling" about the economy and wants to cut about 10% of jobs at the electric carmaker, he said in an email to executives seen by Reuters. The message came two days after the world's richest man told employees to return to the workplace or leave the company. Tesla ...

10:47 Et June 3, 2022

Spain's annual inflation hits 8.7% in May

Spain's annual inflation rate reached 8.7% in May, up from 8.3% in April, the country's official figures showed on Monday. The increase this month is mainly due to ...

11:24 Et May 30, 2022

Don't trade security for economic profit, NATO tells countries

Western countries must not trade security for economic profit, NATO Secretary-General Jens Stoltenberg warned on Tuesday, referring to debates over the use of Chinese technology in 5G networks ...

12:22 Et May 24, 2022

Hyundai announces $5.5B electric vehicle plant in Georgia

Hyundai Motor Group confirmed Friday the company will spend $5.5 billion on a huge electric vehicle plant near Savannah that will employ thousands — a deal Georgia’s governor ...

22:20 Et May 20, 2022

Saudi Oil giant sees profits jump as prices surge

Saudi Aramco has posted its highest profits since its 2019 listing as oil and gas prices surge around the world. The state-owned energy giant saw an 82% jump ...

19:45 Et May 15, 2022

Morocco-Spain Economic Council Holds GA

The General Assembly of the Moroccan-Spanish Economic Council (French acronym CEMAES) was held Thursday in Casablanca, with the participation of Morocco's Ambassador in Madrid, Karima Benyaich, and her ...

11:15 Et May 13, 2022

Egypt private sector activity continues contraction on Ukraine war-PMI

Egyptian non-oil private sector activity contracted in April, continuing a 17-month deterioration as the Ukraine crisis added to price increases, a survey showed on Sunday. The S&P Global ...

11:33 Et May 8, 2022

Spain sees record employment figures in April after labor reform

Spanish politicians celebrated the record-breaking employment figures released on Wednesday, which showed that more than 20 million people were working in the country for the first time. The ...

13:19 Et May 4, 2022

Maroc Telecom: Adjusted Group Share of Net Income up 2.5% in Q1

Maroc Telecom’s adjusted Group share of Net Income was up 2.5% at constant exchange rates in the first quarter of 2022 compared with the first quarter of the previous year, driven by growth in the net income from both Moroccan and international operations. "Maroc Telecom Group is relying on the momentum of its assets in ...

10:45 Et April 25, 2022

Outsourcing: Four MoUs Relating to Investment Projects Signed in Casablanca

Four memorandums of understanding (MoU) relating to investment projects in the outsourcing sector were signed Wednesday in Casablanca, with the aim of creating some 5,050 new direct and ...

11:10 Et April 21, 2022
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