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  • Britain seeks interventionist approach to drive post-Brexit

    Britain seeks interventionist approach to drive post-Brexit

    Britain is to adopt an interventionist approach to balancing its heavily services-based economy for the post-Brexit era, aiming to reinvigorate industrial production and stimulate investment in technology and R&D. Unveiling her long-awaited...

  • As attacks grow, EU mulls banking stress tests for cyber risks

    The European Union was considering testing banks’ defences against cyber attacks, EU officials and sources said, as concerns grow about the industry’s vulnerability to hacking. Cyber attacks against banks have increased in numbers and...

  • China’s preliminary 2016 fiscal deficit exceeds target

    China had a significantly larger fiscal deficit in 2016 than it targeted, according to a Reuters calculation based on preliminary data released yesterday by the Finance Ministry. The preliminary deficit was 2.83 trillion yuan (€380 billion), which...

  • Germany plans to close tax loophole for foreign firms

    Chancellor Angela Merkel’s cabinet is expected to approve a measure tomorrow to close a tax loophole used by foreign companies operating in Germany, according to legislation drafted by finance ministry and viewed by Reuters yesterday. The...

  • Oil falls as signs of US output rise tower above Opec-led cuts

    Oil falls as signs of  US output rise tower above Opec-led cuts

    Oil prices fell one per cent yesterday as signs of a strong recovery in US oil drilling activity outweighed news that Opec and non-Opec producers were on track to meet output reduction goals set in December. Global benchmark Brent crude prices...

  • Paddy Power Betfair to meet FY guidance on underlying strength

    Paddy Power Betfair estimated yesterday that its full-year earnings hit the mid-point of its guidance despite a run of adverse sports results at the end of the year, pointing to the underlying strength of the recently merged business. The gambling...

  • Samsung says batteries caused Note 7 fires, may delay new phone launch

    Samsung says batteries caused Note 7 fires, may delay new phone launch

    Samsung Electronics Co Ltd indicated yesterday that its latest flagship Galaxy S smartphone could be delayed as it pledged to enhance product safety following an investigation into the cause of fires in its premium Note 7 devices. Wrapping up its...

  • Dollar and stocks slide on Trump’s protectionism

    The US dollar fell to a seven-week low against a basket of key world currencies on Monday and global stock markets declined amid investor concerns over protectionist rhetoric by US President Donald Trump. US Treasury yields dipped and gold rallied...

  • Money market report for the week ended January 20

    On January 19, 2017, the Governing Council of the European Central Bank (ECB) decided that the interest rate on the main refinancing operations (MRO) and the interest rates on the marginal lending facility and the deposit facility (DFR) will...

  • HSBC share price recaptures near 3-year high

    HSBC share price recaptures near 3-year high

    The MSE Share Index moved higher for the third consecutive trading session as it advanced by a further 0.22% to a six-day high of 4,689.781 points. Trading activity was spread across ten equities: four registered gains, another four closed the day...

  • Five US stocks for 2017

    2016 was a year traders will never forget. We went through an Asian crisis, Brexit, Donald Trump and an Italian referendum. Yet at the end of it all, the S&P 500 managed to close the year 10% higher. We started off 2017 on a much better note...

  • The digitisation of the public sector services

    The digitisation of the public sector services

    When the previous administration introduced the mygov.mt service that promised the digitisation of many simple government services, many welcomed this forward looking strategy. The full benefits of digitisation could be huge even if it is...

  • India pressed ahead with banknote ban despite central bank concerns

    India pressed ahead with banknote ban despite central bank concerns

    India pushed ahead with its decision to scrap banknotes even as the Reserve Bank of India’s (RBI) own board expressed concern whether the cash could be replaced quickly enough, the central bank has said in written testimony to parliament. The...

  • World trade chief warns against ‘talking ourselves into a crisis’

    The world should be wary of stumbling into trade wars that would destroy jobs, World Trade Organization director-general Roberto Azevedo said. Azevedo was speaking at the World Economic Forum in Switzerland, hours before the presidential...

  • HSBC cutting around 100 senior banking jobs globally: sources

    HSBC has begun cutting around 100 senior jobs in its investment banking division worldwide this week, according to sources with direct knowledge of the matter. The cuts affect bankers at managing director and director level in the lender’s Global...

  • ­­­Shipping movements

    These ships are expected in Malta: The MV Eurocargo Venezia from Genoa to Genoa, the MV Euroferry Malta from Catania to Salerno (both Sullivan Maritime), the Helmut from Bejaia to Algiers (Thomas Smith Shipping Ltd) and the La Suprema from Genoa...

  • Trumponomics may be wrong medicine for US economy today

    Trumponomics may be wrong medicine for US economy today

    Tax cuts, deregulation and more federal spending advocated by the new Trump administration in the US are a classic remedy for economic stagnation and long unemployment lines. That medicine may be too strong for an economy that has grown for eight...

  • Industry critical to meeting EU energy efficiency targets

    The European Parliament is pushing for an energy efficiency target of 40 per cent by 2030. The European Commission and Council are advocating for a more realistic 30 per cent. Both represent an increase over the 2020 target of 20 per cent. The...

  • Shireburn Indigo Payroll shortlisted for MCA eBusiness Awards

    Shireburn Indigo Payroll has been shortlisted for the MCA eBusiness Awards 2016 as a finalist in the Best B2B Application category. While providing all the functionality a professional payroll requires, Shireburn Indigo Payroll focuses on the...

  • Approval for the rehabilitation of the Farsons old Brewhouse

    Approval for the rehabilitation of the Farsons old Brewhouse

    The Planning Authority board has unanimously approved a permit for the rehabilitation of the Farsons old Brewhouse in Mrieħel. The rehabilitation project covers the restoration and conversion of around 7,000 square metres of industrial space which...