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Morocco, OPEC Fund Sign €500 Million Development Framework
Agadir – Morocco and the OPEC Fund for International Development have signed a new Country Partnership Framework aimed at supporting the country’s development priorities over the 2026-2028 period. The OPEC Fund is a financial institution established to fund countries beyond its membership. It provides financial support in many areas such as infrastructure, agriculture, health, education, water and climate actions. “With an indicative budget of around 500 million euros over the period 2026-...
African nation ranks second globally for highest fuel prices – data
Malawi tops Africa and is behind only Hong Kong globally, according to GlobalPetrolPrices Malawi has recorded the highest gasoline prices in Africa and the second highest globally, reaching $3.84 per liter as of Monday, according to data from analytical portal GlobalPetrolPrices. The southeastern African nation also leads the continent in diesel prices, with fuel costing $3.85 per liter. Malawi is second only to Hong Kong globally in both the gasoline and diesel rankings. In the Afr...
Royal Mail reaches deal with union over second class post reforms
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Mythos Poses Risk to SEC Market-Tracking Database, Group Says
Anthropic PBC’s new artificial intelligence model Mythos could put traders and the broader financial system at risk through a Securities and Exchange Commission database, the American Securities Association said Thursday.
SNP manifesto pledge to cap food prices ‘undeliverable’, says UK Government
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PepsiCo Beats on Salty Snacks Rebound, Beverage Innovation
Bloomberg Intelligence's Kenneth Shea discusses PepsiCo's strong earnings performance, highlighting a rebound in salty snack sales and successful innovation in the beverage segment. He speaks on "Bloomberg Open Interest." (Source: Bloomberg)
OCP Completes $1.5 Billion Hybrid Bond Issuance on International Markets
Rabat – The OCP Group, Morocco’s giant fertilizer group, has conducted its hybrid bond issuance on global capital markets for a total amount of $1.5 billion. Financial Afrik reported on Wednesday that the Moroccan group has launched Africa’s first hybrid corporate bond issuance in dollars. After engaging in a “series of calls “ with institutional investors. “BNP Paribas, Citi, and J.P. Morgan has been appointed as bookrunners. The operation will involve perpetual subordinated bonds with fl...
Gold is rising slowly: Should you expect a big move soon?
Gold is rising slowly Should you expect a big move soon
Trump, administration officials differ on when gas prices may fall as Iran war continues
President Trump continues to say the Iran war is "very close to over," but no new peace talks have been confirmed. Meanwhile, gas prices remain elevated, and while Mr. Trump says they'll plummet "very soon," Treasury Secretary Scott Bessent has a different timeline. Weijia Jiang reports.
Al Hilal sold by Saudi Arabia's Public Investment Fund to Kingdom Holding Company
Saudi Pro League club Al Hilal have been sold by the country’s Public Investment Fund (PIF).PIF, the Saudi Arabian sovereign wealth fund, has sold a 70 per cent stake in Al Hilal to Kingdom Holding Company, the firm run by Prince Alwaleed Bin Talal, the billionaire businessman and member of the Saudi royal family. The deal values Al Hilal at SAR1.4billion (£276million; $373m).Advertisement
Europe has six weeks’ supply of jet fuel left, energy boss warns
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Didn’t file your taxes on time? Here’s what a tax expert says you should do next
If you missed the April 15 tax deadline, the clock is already ticking on penalties and interest — but there are still steps you can take to reduce the damage.Experts say taxpayers should file immediately, even if they can’t pay their full bill, and pay as much as they can to avoid the steepest penalties. Those who still owe can apply for a payment plan to manage the remaining balance.TAX DAY IS THIS WEEK: AVOID THESE 5 COMMON MISTAKES THAT CAN COST YOU MONEYThe IRS says most applicants receive i...
HCP Forecasts Morocco’s Economy Grows 4.7% Despite Global Uncertainty
Rabat – Morocco’s economy is expected to grow by 4.7% in the second quarter of 2026, according to the High Commission for Planning (HCP) in its latest economic outlook note. The agency attributed the projection to a strong base effect linked to last year’s activity, as well as continued recovery in the agricultural sector and steady domestic demand. Household consumption is expected to rise by 4.2%, while investment spending is projected to remain moderate, increasing by about 3.8% in fixe...
Apple and Nvida chipmaker TSMC reports huge jump in profits amid Iran war
TechApple and Nvida chipmaker TSMC reports huge jump in profits amid Iran warThe world's largest contract chipmaker also warned of potential impacts from the Iran warChan Ho-Him Thursday 16 April 2026 14:22 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"showComments":true,"showBookmark":true,"articleId":"CF1:2958867To1...
Billionaire Dangote Boosts Jet Fuel to Europe as War Hits Supply
A mega-refinery owned by Africa’s richest person is becoming an increasingly important source of vital jet fuel supplies to Europe, helping fill a gap left by the impact of the Iran war while boosting profitability.
Europe has 'maybe 6 weeks of jet fuel left', energy boss warns as Strait of Hormuz effectively closed
Europe has 'maybe 6 weeks of jet fuel left', energy boss warns10 minutes agoShareSaveAdd as preferred on GoogleTheo Leggett,International Business CorrespondentandJemma Crew,Business reporterGetty ImagesEurope has "maybe 6 weeks of jet fuel left", the head of the International Energy Agency (IEA) has warned.Stocks would reach a tipping point in June if Europe was unable to replace at least half of its imports from the Middle East, the organisation said in a report this week....
The struggle to help Mozambique’s poorest villages as aid cuts really bite: ‘I feel our feet are being cut off’
Harry Johnstone speaks to members of community groups aiming to improve the lives of villages and towns across northern Mozambique - even as aid cuts filter down to them, making the job increasingly difficult
How weak rupee, West Asia tensions fanned 'imported inflation'
How weak rupee West Asia tensions fanned imported inflation
Chicago criminal who shocked world after he and friends livestreamed racist torture of disabled white teen in 2017 back behind bars over claims he robbed white cyclist
Chicago criminal who shocked world after he and friends livestreamed racist torture of disabled white teen in 2017 back behind bars over claims he robbed white cyclistGRAPHIC CONTENT WARNING By WILL POTTER, US SENIOR NEWS REPORTER Published: 14:00, 16 April 2026 | Updated: 14:05, 16 April 2026 e-mail View comments
Questions swirl over future of Spirit Airlines amid rising jet fuel costs due to Iran war
Spirit Airlines could soon be forced into liquidation. As the price of jet fuel has nearly doubled this year, driven by the Iran war, sources say some of Spirit's creditors question the budget airline's ability to make debt payments or return to profitability. It filed for bankruptcy last year. Kris Van Cleave reports.