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Woolworths faces market setback as coles gains ground

Australia’s largest supermarket chain, Woolworths, has seen its market value drop by over $5 billion as it faces challenges in restoring customer “price trust” and managing product availability. Sales for the year to June rose just 3%, with July and August growth at 2% compared to last......

Marrakech mayor El Mansouri denies allegations over family land sales

Fatima Zahra El Mansouri, Morocco’s Minister of National Planning and Mayor of Marrakech, has firmly rejected allegations regarding the sale of her family’s land near Marrakech, calling them unfounded and defamatory. The allegations, widely circulated on social media, claimed that her family......

US sanctions target firms tied to Iranian oil sales, citing links to Quds Force

The United States has imposed sanctions on 22 companies based in Hong Kong and Turkey for their alleged roles in facilitating the sale of Iranian oil, according to the US Treasury Department. The measures, announced on Wednesday, aim to disrupt financial networks that support Iran's Islamic Revolutionary......

The Rush to Buy Cars in Detroit Amid Tariff Concerns

The looming auto tariffs imposed by U.S. President Donald Trump are driving a surge in car sales in Detroit, as consumers rush to buy vehicles before potential price hikes. Jerry Chen, who recently purchased a Toyota Highlander with his family, is among those who decided to buy sooner than planned, fearing......

BYD surpasses Tesla in electric vehicle sales through innovation and competitive pricing

In a significant milestone for the electric vehicle (EV) industry, Chinese automaker BYD has overtaken its American rival Tesla in revenue for the year 2024. Reporting an impressive revenue of $107.2 billion, BYD has outpaced Tesla, which announced earnings of $97.7 billion. This pivotal moment marks......

The Ramadan shopping surge: necessity or excess?

During the sacred month of Ramadan, supermarkets experience a remarkable influx of shoppers, transforming these spaces into bustling hubs filled with anticipation, established habits, and a certain frenzy of purchasing. In Rabat, as in other locations, consumers flocked to stores from the very first......

Morocco's automotive production boosts regional growth in 2024

In 2024, Morocco's automotive production saw a significant increase of 12%, reaching nearly 500,000 vehicles. This surge played a crucial role in offsetting a decline in production in Iran, contributing to an overall 0.4% growth in vehicle production across the Middle East and North Africa (MENA)......

Addressing high seafood costs: Morocco's Affordable Fish initiative success

Morocco has witnessed significant public discourse surrounding exorbitant fish prices, particularly in its coastal cities. The Ministry of Agriculture and Fisheries reports remarkable outcomes from the seventh edition of the "Affordable Fish" initiative, launched on February 22, which has successfully......

Tesla faces plunging stock prices amid broader tech market decline

Tesla, the electric vehicle manufacturer, is facing significant turbulence in the financial markets. Its stock plummeted over 15% on the New York Stock Exchange, wiping out approximately $130 billion in market capitalization in a single session. This sharp decline marks a critical turning point for Elon......