Keywords: Finance


Türkiye posts $4.9 billion budget deficit in January

Türkiye recorded a central government budget deficit of 214.5 billion Turkish liras ($4.9 billion) in January, according to official data released by the Treasury and Finance Ministry. The ministry reported total budget revenues of 1.42 trillion liras ($32.38 billion) for the month, while expenditures......

Crédit Agricole appoints Anne Laimé as deputy CEO

Crédit Agricole Personal Finance & Mobility has named Anne Laimé as Deputy Chief Executive Officer in charge of Personal Finance & Banking Servicing, a move that strengthens the company’s leadership team as it accelerates its growth strategy across Europe and Morocco. A subsidiary......

'Rich Dad Poor Dad' author sells Bitcoin and awaits market bottom

Robert Kiyosaki, author of "Rich Dad Poor Dad," announced Thursday he has stopped buying Bitcoin, gold, and silver amid concerns over US fiscal instability as national debt nears $39 trillion. His disclosure follows a rough week for crypto markets that wiped out about $750 billion in total......

Noureddine Bensouda, a career in the service of the Moroccan state

For more than three decades, his name has been closely associated with the management of Morocco’s public finances. Discreet yet omnipresent within the inner workings of the administration, Noureddine Bensouda has shaped a significant part of the Kingdom’s fiscal and budgetary policies. A......

BBVA joins European bank consortium for euro stablecoin

BBVA has abandoned its individual stablecoin project to join Qivalis, a consortium of 12 major European banks developing an euro-pegged stablecoin. Announced Wednesday, the Spanish bank's entry unites some of Europe's largest financial institutions under a single regulatory framework to challenge......

Adidas launches $1.2 billion share buyback after record 2025 sales

Adidas, the German sportswear giant, has unveiled plans to repurchase up to 1 billion euros ($1.2 billion) of its own shares in 2026. This move follows a stellar close to 2025, marked by record annual revenues. The program, set to kick off in early February, will draw from anticipated cash flows and......

Russia sues Euroclear for $235 billion in closed-door Moscow trial

A Moscow court has begun proceedings in a massive lawsuit filed by Russia's central bank against Belgium-based Euroclear, seeking 18,200 billion rubles around $235 billion for sovereign assets frozen in Europe since Moscow's 2022 invasion of Ukraine. The presiding judge ordered journalists out......

Morocco’s tax revenues expected to reach 366 billion dirhams by 2026

Morocco’s tax revenues are expected to reach 366 billion dirhams by 2026, up from 199 billion dirhams in 2020, according to government spokesperson Mustapha Baitas. The announcement was made on Thursday during a press briefing following a meeting of the Government Council. Baitas, who also serves......

Ghana’s former finance minister Ken Ofori-Atta detained by U.S. immigration authorities

Ken Ofori-Atta, former Finance Minister of Ghana, has been detained by U.S. Immigration and Customs Enforcement (ICE), his legal team announced Wednesday evening. Ofori-Atta, 66, has been in the United States since January 2025 for medical treatment, including prostate cancer surgery. He has been under......