News
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Firms ‘flouting responsibilities’
A rising number of cancer patients in the UK feel discriminated against when they return to work after treatment, a charity has said. Almost two in five patients (37 per cent) who go back to work after being treated for cancer say they experience...
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BSkyB profits increase 9% to £994m
Satellite broadcaster BSkyB insisted its sports offering had “never been in better shape” as it laid down the gauntlet to rival BT with a leap in earnings and subscriber numbers. The group said operating profits increased nine per cent to £994...
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Construction ‘past the worst’
Britain’s beleaguered construction industry showed signs it may be ‘past the worst’ as figures revealed a marked slowdown in its overall decline, helped by a boost in house building. The sector experienced its slowest rate of contraction in six...
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Nuisance neighbours deter buyers
An aerial view of houses on residential streets as nuisance neighbours are the biggest turn-off for prospective home-buyers, ahead of messy gardens and bad taste decorations, a property website has found. People living in the North East and the East...
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Lichtenstein-inspired graffiti artwork
Shannon Craig, aged 20, holds a copy of a giant Roy Lichtenstein-inspired graffiti artwork she helped to produce with the help of the Tate Modern Gallery, which is open for public display, close to the Tate Modern Gallery in south London. Working...
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EU sees deeper eurozone recession throughout year
The eurozone economy will contract by more than expected this year and Budget deficits will decline more slowly, the European Commission said yesterday as it set out forecasts for the next two years. France, Spain, Italy and the Netherlands – four...
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Index turns positive
Following a shortened week due to Wednesday’s public holiday the Malta Stock Exchange (MSE) Index managed to re-position itself in winning grounds with a gain of 0.4 per cent, despite trading notably lower in three sessions. In fact, the remarkable...
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FTSE rises up to very near six-year highs
The FTSE 100 rose yesterday to return to near six-year highs reached in March, as strong US jobs data lifted markets while mining stocks rebounded on a recovery in metals prices. The blue-chip FTSE 100 index ended up 0.9 per cent, or 60.75 points...
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Youth (un)employment challenge
In an article entitled Generation Jobless, The Economist wrote about the 300 million young people around the world aged between 15 and 24 who are unemployed. The topic of youth unemployment may not be a new one, but the way The Economist has...
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DAX leads European shares higher after ECB interest rate cut
European shares rose yesterday after the European Central Bank cut interest rates, and investors said the ECB’s readiness to act further to boost growth would support equities in the near term. The pan-European FTSEurofirst 300 index closed up 0.4...
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Daily currency report
The Federal Reserve unexpectedly put the option of an even bigger stimulus programme on the table after concluding its monetary policy meeting, although there was no major reaction towards the US dollar in front of the uncertain European Central...
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Bank share prices extend downward trend
The share prices of the three local banks slipped for the second consecutive session possibly in view of the more stringent regulations expected to be implemented during 2013. The governor of the Central Bank of Malta also recently argued that local...
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Thousands protest against austerity in May Day rallies
Trains and ferries were cancelled and hospital staff walked off the job in Greece yesterday, while thousands demonstrated in Spain as May Day triggered protests against harsh government spending cuts. Turkish riot police fired water cannon and tear...
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Malta leads EU in growth in monetary financial institutions
Malta leads the EU in growth in monetary financial institutions and new licences were issued in all areas of financial services last year, the regulator’s annual report reveals. The Malta Financial Services Authority report, which was tabled in...
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New chairman aims to make BOV more customer-centric
Just three weeks in the chairman’s chair, and John Cassar White has clear intents and purposes, particularly on how his tenure at the helm of Bank of Valletta will be defined. Trust, he says, is a fragile asset, and his key objective is to see it...
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Electronic receipts company chaired by Lord MacLaurin to base operation in Malta
Paperless Receipts Ltd, which enables retailers to generate and send electronic receipts to customers’ cloud accounts, is to base its international operations in Malta, the company said yesterday. The Malta company is named eReceipts International...
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Reducing revenue leakage to increase profit
Every day companies are losing money somewhere along their revenue cycle. Revenue leakage is a problem that cannot be ignored by business as it can occur almost everywhere, from individual internal functions to customer-facing transactions. Revenue...
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Corinthia Budapest is 10 years old
When Alfred Pisani first walked into the derelict former Grand Hotel Royal in the Hungarian capital, his bank manager asked whether he really wanted to buy it. The building on one of Budapest’s main boulevards had squatters inside, was partly burnt,...
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CSR: new disclosure and reporting obligations for listed organisations
Large listed companies will be required to disclose non-financial information on the impact of their operations on the environment and society at large as part of a new EU initiative aimed to enhance corporate social responsibility among economic...
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Thomas Smith launches express courier service
Thomas Smith Group’s freight forwarding division has introduced a worldwide cost-effective express courier service in collaboration with SDV, a subsidiary of Bolloré Logistics. A global leader in supply chain management, SDV offers services...
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