Category Archives: Market

Economists Say Coronavirus Will Slam African Economies

ADDIS ABABA – As the coronavirus spreads across Africa, countries are taking stronger measures to curb its spread. The restrictions may contain the virus, but will likely have a deep impact on the continent’s economies. …

China’s Exports Slump as Anti-virus Controls Close Factories

BEIJING – China’s exports fell by double digits in January and February as anti-virus controls closed factories, while imports sank by a smaller margin.

Exports tumbled 17.2% from a year earlier to $292.4 billion, a …

Europe Struggles to Contain Coronavirus Outbreaks African Economy Hit Hard

LONDON – Parts of Northern Italy are on lockdown following an outbreak of the Coronavirus or Covid-19 as its known with at least seven deaths in the region. The sudden outbreaks in recent days from …

Cyberthefts Help North Korea Offset Revenue Lost to Sanctions

North Korea made up nearly $2 billion of revenue it lost from sanctions by conducting cyberthefts from financial institutions and cryptocurrency exchanges, an expert said.

The government’s engagement in illicit cyberoperations such as thefts has …

European Commission Welcomes Morocco’s Tax Reform

Brussels – The European Commission praised on Tuesday Morocco’s tax reform efforts.

“The European Commission greatly appreciates the efforts undertaken by Morocco to eliminate any contradiction between international standards and the Moroccan tax system”, said …

Valencia Region Keen To Collaborate More with Moroccan Companies, President

Casablanca – The Valencia region aspires to further strengthen its collaboration with Moroccan companies, said, on Tuesday in Casablanca, head of local government of the Valencia region Ximo Puig.

“Valencia is an open community which …

Rapid Urban Growth in Africa Poses Challenges

PARIS – Africa is projected to have the fastest population growth in the world over the next 30 years, and the majority of this growth will take place in urban areas. This transition is profoundly …