Keywords: Business


German private sector returns to growth as manufacturing drives July PMI rebound

Germany's private sector returned to expansion in July, ending a four-month period of contraction as manufacturing activity gained momentum and lifted overall business performance. The latest survey suggests Europe's largest economy is showing early signs of recovery, although geopolitical risks......

ArcelorMittal faces French tax adjustments after audits, company says disputes resolved

Steel giant ArcelorMittal and several of its French subsidiaries have been subject to multiple tax adjustments following audits by French tax authorities, according to corporate documents and company statements. The group said it had challenged the assessments but confirmed that no tax disputes remain......

Malaysian civil society groups call for review of MMC Port chairman appointment

Civil society organizations in Malaysia have urged billionaire businessman Syed Mokhtar Al-Bukhary to reconsider the appointment of Sultan Ahmed Bin Sulayem as executive chairman of MMC Port Holdings, citing concerns over reported past associations with the late financier Jeffrey Epstein. The appeal......

Elon Musk’s fortune falls below $800 billion after Starship launch setback

Elon Musk’s personal fortune has fallen below the $800 billion mark following another setback involving Starship, the next-generation spacecraft developed by his aerospace company SpaceX. According to the Bloomberg Billionaires Index, Musk’s wealth dropped by approximately $40.7 billion......

Saudi Arabia's Helicopter Company signs agreement with Bombardier for up to 60 business jets

Saudi Arabia's The Helicopter Company (THC) has signed a letter of intent with Canadian aircraft manufacturer Bombardier for a potential fleet of up to 60 business jets, marking a major expansion plan for private aviation services in the Kingdom and the wider region. The agreement, announced at......

Intel prepares another round of layoffs as it restructures its data center business

Intel is preparing another round of workforce reductions as the US semiconductor giant moves forward with a broad restructuring aimed at improving efficiency and strengthening its competitive position in the technology sector. The latest cuts are expected to affect the company’s data center division,......

Morocco records more than 42,900 new businesses in first five months of 2026

Morocco's entrepreneurial ecosystem continued to expand during the first five months of 2026, with new official figures showing sustained business creation across the country. The latest data from the Moroccan Office of Industrial and Commercial Property (OMPIC) indicate that commercial activity......

3M raises annual profit outlook as industrial business drives recovery

US industrial conglomerate 3M has raised its full-year profit forecast, citing stronger-than-expected performance in its core industrial activities, ongoing cost-control efforts and pricing strategies that have helped protect margins in a challenging economic environment. The company announced Tuesday......

Morocco faces AI-driven challenge to move up the offshoring value chain

Morocco is emerging as a competitive destination in the global outsourcing industry, but the rapid development of artificial intelligence is putting increasing pressure on the country to upgrade its skills, business practices and technology capabilities. The Kingdom ranks 19th among 25 major outsourcing......