MEDI1TV Afrique : JT Economie - 10/07/2024
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00:00Hello and welcome to your daily meeting of economic news in Morocco, the low-cost airline
00:12Ryanair has officially opened its new base in Tangier in partnership with the Moroccan
00:17National Office of Tourism.
00:19This is Ryanair's fourth base in Morocco, with two aircraft and 25 itineraries, of which
00:25there are 13 new links in Tangier to 8 new European cities and 5 new Moroccan destinations
00:30for the summer of 2024.
00:32Beyond the improvement of connectivity, this major investment of $ 200 million will have
00:37a significant impact on local employment, with the creation of 600 jobs, of which 60
00:44highly qualified such as pilots and cabin crew.
00:47In national economic news also the Moroccan factory of the manufacturer of
00:52Chinese tires, Century Tire, should soon be operational.
00:57The Chinese tire manufacturer is preparing the launch of production in its Tanger factory
01:01starting next September.
01:04With a surface area of 20 hectares, the site, located in the city of Mohamedsis, Tangier-Tec,
01:10has an annual production capacity of 12 million tires, most of which are intended
01:15for export.
01:16Four days after the launch of the works, at the end of October 2023, the company had
01:20announced an additional investment of $ 193 million for the implementation in a delay
01:26of 12 months of a second production line.
01:29On June 21, the company had indicated that the construction of its factory is progressing
01:35as planned and that it will strive to put it in service in the fourth quarter of the year
01:40in progress and to reach full production as soon as possible.
01:44In international economic news, industrial production in Italy slightly increased
01:50in May, gaining 0.5% compared to the previous month after two months of decline, according to
01:55the National Institute of Statistics.
01:57And the VBC of 1% in April and 0.5% in March.
02:02On average, industrial production has decreased by 1.6% compared to the previous three months.
02:09In May, the production of equipment goods recorded a drop of 1% over a month, while
02:14that of bones are observed for energy only, as well as for consumer goods and goods
02:19intermediaries.
02:20Note that compared to May 2023, industrial production has dropped by 3.3%.
02:25Still in line with the European industrial sector, the German manufacturer Audi announced
02:31that it was considering closing its electric car factory in Brussels.
02:35The Volkswagen subsidiary said it was considering the anticipated suspension of production of
02:41its SUV models e-tron in the factory, which employs about 3,000 people.
02:46Audi has called for a global drop in customer orders in the luxury electric car segment
02:51to justify its decisions.
02:53The manufacturer has also called for long-term structural challenges on the Brussels site,
02:59including a difficult-to-modify factory layout and high logistical costs.
03:04In the first quarter of this year, Volkswagen announced a drop of more than 20% of its profits,
03:10due to the drop in delivery of more expensive models, including the Audi brand.
03:16In global economic news, also after a series of procedures in Brussels against
03:21commercial practices judged unloyal by Beijing, China announced the opening of an investigation
03:27aimed at the European Union against subsidies and obstacles to investment.
03:32The European Commission has launched a series of procedures for Chinese manufacturers in
03:36recent months.
03:37Since July, the European Union has imposed up to 38% additional customs rights on imports
03:43of Chinese electric cars.
03:46The Chinese Ministry of Commerce specifies that its investigation was motivated by a
03:50plant from the country's Chamber of Commerce.
03:53This plant specializes in products such as locomotives, photovoltaic energy and
03:59wind energy.