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  • IAG outperforms continental rivals

    IAG outperforms continental rivals

    British Airways-owner International Airlines Group raised its 2015 profit forecast by more than 20 per cent, outperforming struggling continental rivals and sending its shares to an all-time high. IAG, which is trying to acquire Ireland’s Aer...

  • FT to change the way it charges for digital news

    The Financial Times is changing the way it charges readers for digital access, shaking up the metered model it pioneered almost eight years ago, its chief executive officer said. The newspaper, which is owned by Britain’s Pearson plc, is rolling...

  • HSBC shares drag index back in the red

    The Malta Stock Exchange index failed to maintain the past two weeks’ positive streak reflecting a hefty decline in the share price of HSBC Bank Malta plc following the announcement of a drop in profits in 2014. The decline in the index was,...

  • Global equities close mixed after revised US GDP

    US stocks were down slightly on the last trading day of February as mixed economic data made investors cautious, while European shares broke multi-year records ahead of the European Central Bank’s planned injection of €60 billion to spur...

  • Putin is a ‘naked king’ facing economic ruin – Khodorkovsky

    Former Russian tycoon Mikhail Khodorkovsky said last week Vladimir Putin was a “naked king” presiding over an economy that will weaken further, eventually provoking a battle between rival clans in Moscow. “Putin with bare chest isn’t a mighty...

  • Daily currency report

    A four month extension to the Greek bailout was agreed to this week after the Greek government introduced a new reform plan which was agreed to by European finance ministers. Concerns surrounding upcoming funding problems persist, however. A Greek...

  • HSBC recovers partially but closes week down 7%

    HSBC gained 2.8 per cent today to €1.87 partially recovering from the losses in each of the four sessions held earlier this week following the publication of the FY2014 financial results on Monday morning. The equity ended the week as the worst...

  • Living to fight another day

    Late last week and early this week we had the negotiations between Greece and the Eurogroup in relation to the extension of Greece’s financial rescue. Greece had initially asked for a six-month extension while the Eurogroup conceded four in...

  • ECB helps lift eurozone mood in February

    ECB helps lift eurozone mood in February

    Confidence in the eurozone’s economy strengthened for the second straight month in February, but the improving morale in Italy, France and Spain was not shared in Germany, where there was less support for the European Central Bank’s money printing...

  • UK business investment slips as oil prices fall

    UK business investment slips as oil prices fall

    Investment by businesses in Britain fell at its sharpest rate in nearly six years in the last quarter of 2014, hit by lower investment in the petroleum sector as global oil prices fell. As estimated in a preliminary reading, British gross domestic...

  • StanChart picks Winters as CEO

    Standard Chartered said former JPMorgan investment bank boss Bill Winters will take over as chief executive in June to replace Peter Sands, after investors demanded change at the helm following two years of problems. Asia-focused bank Standard...

  • Global equities fall and energy shares decline as oil tumbles

    Global equities declined yesterday after a mixed bag of US conomic indicators and a pullback in oil prices dampened investor enthusiasm. Major US equities indexes were little changed, pressured by a 1.6 per cent drop in energy shares. US consumer...

  • New lines calling at Freeport

    New lines calling at Freeport

    Two new lines have chosen Malta Freeport Terminals as their main trans-shipment hub in the Central Mediterranean. The Freeport will now host the 2M Alliance made up of Maersk Line and Mediterranean Shipping Company, and the Ocean Three Alliance...

  • Eurofound launches working conditions survey

    Eurofound has launched the fieldwork for the sixth European Working Conditions Survey. Based on interviews with over 43,000 workers, this research tracks the current state of working conditions in Europe, highlights the quality of work and...

  • PTL company wins award

    SAD has won a Mobile Trends Award for its TV streaming app developed for Polish public broadcasting network TVP. PTL International, the technology subsidiary of Hili Ventures, acquired SAD in July last year. SAD is Poland’s largest Apple retailer.

  • Company briefs

    Company briefs

    Fiat Professional has launched the Nuovo Doblò Cargo, the fourth generation of the Fiat Professional model. The Nuovo Doblò Cargo is now available with a completely updated interior and exterior design, including an ultra-modern distinctive front...

  • MIA up 6.3 per cent to a new record level

    The share prices of HSBC and Malta International Airport moved in opposite directions today reflecting the announcements earlier this week showing the different financial performances during 2014. MIA jumped by 6.3 per cent to a fresh all-time...

  • 1,300 irregular migrants working

    1,300 irregular migrants working

    A total of 1,296 irregular migrants were officially employed in Malta, as at the end of September 2014, either in full or part-time jobs. The figures provided by the Employment and Training Corporation show that only 177 of these were refugees,...

  • MIP improves financial position

    MIP improves financial position

    Malta Industrial Parks has made marked improvements to its financial position, doubling its profits and cutting its costs. MIP managed to improve its turnover from €11.8 million in 2012 to €13.5 million in 2013, in the meantime cutting its direct...

  • The DemoEV project: encouraging electric mobility

    The DemoEV project: encouraging electric mobility

    The DemoEV project conducts research related to the use of electric cars in Malta. It is co-funded by the European Union’s LIFE+, a financial instrument supporting environmental and nature conservation projects throughout the EU. The project...