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Morocco bets on video game industry to provide jobs and diversify economy

Morocco is laying down foundations to build a homegrown gaming industry by establishing a developer hub in the capital, training coders and launching programs to draw tech-savvy youth into the sector.

State officials invited developers, students and tech companies from around the world to a gaming expo in Rabat this week, where guests tested new games, competed in e-sports tournaments and heard about new initiatives to bring the burgeoning industry to Morocco. Attendees at the Morocco Gaming Expo battled through shooting games, explored immersive virtual reality worlds, tested educational platforms and mingled with mobile providers eager to stake their claim in the growing mobile gaming market.

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Strike by air traffic controllers disrupts travel to, from and over France

About 40% of flights were canceled Friday at all Paris airports and tens of thousands of passengers were rearranging plans at the height of the summer travel season because of a strike by French air traffic controllers seeking better working conditions.

Disruptions started hitting airports around France on Thursday and intensified Friday. The national civil aviation authority asked airlines to cancel 40% of flights Friday at Charles de Gaulle, Orly and Beauvais airports serving Paris, half of flights in Nice and 30% of flights in Marseille, Lyon and some other cities.

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World shares mostly down as Trump's tariff deadline looms, while US stocks set records

World shares mostly fell on Friday even as U.S. stocks climbed further into record heights as the clock ticks on President Donald Trump's July 9 tariff deadline.

In early trading in Europe, Germany's DAX shed 0.8% to 23,730.61, while the CAC 40 in Paris fell 1.1% to 7,666.91. Britain's FTSE 100 was down 0.4% to 8,790.21. The futures for S&P 500 and Dow Jones Industrial average were both 0.5% lower.

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China imposes anti-dumping duties on European brandy as trade tensions rise

China on Friday imposed anti-dumping duties on European brandy, most notably cognac produced in France, as trade tensions between Beijing and United States allies continue to rise.

The tariffs, effective on Saturday, will range from 27.7% to 34.9%, China's Commerce Ministry said. They are to be in place for five years and will not be applied retroactively.

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US House gives final approval to Trump's big tax bill

House Republicans propelled President Donald Trump's big multitrillion-dollar tax breaks and spending cuts bill to final passage Thursday in Congress, overcoming multiple setbacks to approve his signature second-term policy package before a Fourth of July deadline.

The tight roll call, 218-214, came at a potentially high political cost, with two Republicans joining all Democrats opposed. GOP leaders worked overnight and the president himself leaned on a handful of skeptics to drop their opposition. Democratic leader Hakeem Jeffries of New York delayed voting for more than eight hours by seizing control of the floor with a record-breaking speech against the bill.

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US Treasury sanctions Hezbollah financial officials

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced Thursday sanctions on seven senior officials and one entity associated with the Hezbollah-controlled financial institution Al-Qard Al-Hassan.

The U.S. Treasury said the seven officials have served in senior management roles for Al-Qard Al-Hassan and have facilitated the evasion of U.S. sanctions, enabling Hezbollah’s access to the formal financial system. "Today’s action underscores Treasury’s commitment to disrupting Hezbollah’s sanctions evasion schemes and supporting efforts by the new Lebanese government to limit the terrorist group’s influence, particularly as entities like AQAH continue to undermine the already fragile Lebanese economy," the U.S. Department of the Treasury said.

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Wall Street hovers near record highs ahead of new jobs numbers

Wall Street was largely unchanged early Thursday, hovering near record levels ahead of new U.S. jobs data that is expected to show unemployment ticked up to the highest rates since late 2021.

Futures for S&P 500, Nasdaq and Dow Jones Industrial Average each inched up less than 0.1% before the bell. Markets are closed Friday for the July 4 holiday.

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Tesla sales fell sharply in Q2 as Musk backlash and competition chipped away at company's dominance

Sales of Tesla electric cars fell sharply in the last three months as boycotts over Elon Musk's political views continue to keep buyers away, a significant development given expectations that anger with the company's billionaire CEO would have faded by now.

The company reported a 13% plunge in sales on Wednesday in another sign that Musk's embrace of U.S. President Donald Trump and far-right politicians in Europe has had a deep and enduring hit to Tesla's brand appeal. The new figures also suggest that Tesla could disappoint when it announces second quarter earnings later this month. In the first three months of this year, net income fell 71%.

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Eurozone inflation ticks up slightly in June

Eurozone inflation accelerated slightly to 2.0 percent in June, in line with analyst forecasts and the European Central Bank's target, official data showed on Tuesday.

Inflation in the single currency area rose from the 1.9 percent recorded in May due to a slower decline in energy prices.

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Wall Street stocks rally further on trade deal optimism

Wall Street stocks pushed into record territory yet again on Monday amid optimism the United States would reach trade deals with its partners ahead of a self-imposed deadline next week and extend tax cuts.

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