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  • Energy price adjustments

    The liberalisation of markets in the European Union (EU) ended monopoly rights of many public service sectors that have, as a result, undergone significant changes. One of these is the energy sector. The Energy Directives set out rules for the...

  • G20’s new growth proposals suspiciously long in the tooth

    G20’s new growth proposals suspiciously long in the tooth

    As leaders of the world’s 20 most powerful nations congratulate themselves on plans to boost economic growth, a closer look at their 800-plus policy proposals reveals a catalogue of measures that are either old, vague or unlikely to be...

  • Europe’s car recovery persists as volume, luxury brands gain

    Europe’s car recovery persists as volume, luxury brands gain

    European new car sales rose 6.2 per cent in October from year-ago levels as volume and premium leaders including the Volkswagen and BMW groups recorded stronger demand in key markets. Passenger-car registrations in the European Union (EU) and the...

  • Equities rise over Japanese stimulus hope hopes

    Stock markets around the world rose yesterday and the yen hit a seven-year low as news of a surprise election and a delayed tax increase in Japan strengthened hopes for new stimulus measures a day after data showed the country was back in...

  • AstraZeneca trumpets solo strength in cancer drugs post Pfizer struggle

    AstraZeneca trumpets solo strength in cancer drugs post Pfizer struggle

    AstraZeneca touted an “industry-leading” line-up of hot new cancer drugs at an investor day yesterday, aiming to show it has a strong independent future after seeing off a $118 billion bid from Pfizer in May. The company also brought forward the...

  • Share index stumbles to 12-week low

    Share index stumbles to 12-week low

    The share index declined for the fourth successive session with a drop of a further 0.7 per cent to a fresh 12-week low of 3,286.92 points as most of the active equities retreated. Most notably, the share price of Bank of Valletta shed 1.8 per...

  • Australia, China deepen ties with landmark free trade deal

    Australia, China deepen ties with landmark free trade deal

    China and Australia yesterday sealed a landmark free trade agreement more than a decade in the making, significantly expanding ties between the world’s second largest economy and one of Washington’s closest allies in Asia. The deal, which...

  • Money market report for the week ending November 14

    On Monday, November 10, the European Central Bank (ECB) announced its weekly main refinancing operation (MRO). The auction was conducted the following day and attracted bids from euro area eligible counterparties of €98.42 billion, €0.23 billion...

  • Japan’s slip into recession paves way for snap poll

    Japan’s economy unexpectedly slipped into recession in the third quarter, setting the stage for Prime Minister Shinzo Abe to delay an unpopular sales tax hike and call a snap election two years before he has to go to the polls. The recession comes...

  • EU ‘should work on becoming a single gas buyer’

    EU ‘should work on becoming a single gas buyer’

    The European Union as the world’s biggest energy consumer should explore ways to buy gas as a group, the European Commission’s new Energy Union boss said yesterday. The idea was put forward earlier this year by Poland’s then prime minister Donald...

  • Oil down and stocks mixed as Japan slips into recession

    Oil prices fell and global equity markets were mixed yesterday after news that Japan unexpectedly slipped into recession in the third quarter renewed concerns about the world economy, but merger activity and comment about European stimulus capped...

  • Share index registers third consecutive decline

    Share index registers third consecutive decline

    The share index trended lower for the third consecutive session with a further 0.4 per cent decline to 3,309.482 points with equity market volumes dwindling to €84,159. Today’s decline was mainly due to the one per cent drop in the share price of...

  • Economic dynamics of the minimum wage

    Economic dynamics of the minimum wage

    The debate on the minimum wage is rarely conducted in a clinical unemotional way. Malta introduced its minimum wage legislation in the seventies while Britain only introduced a national minimum wage 15 years ago. Political as well as social action...

  • Food costs eating into consumers’ saving as shopping season nears

    Food costs eating into consumers’ saving as shopping season nears

    Martha Franco says she had not really noticed the sharp drop in gasoline prices, even though the mother of three is always shuttling the kids around in her SUV. She has been paying closer ­attention to the soaring cost of meat instead. “Meat and...

  • ­­­Shipping movements

    The following ships are expected in Malta: The Coneast from Algiers, the Stjerneborg from Sfax to Tripoli, the Saint Roch from Tripoli to Benghazi, the Conwest from Skikda (all Carmelo Caruana Co. Ltd), the Jaguar from Bejaia to El Khoms, the Rio...

  • Palumbo agreement paves way to bid for work on LNG tankers

    France’s Gaztransport & Technigaz (GTT) and Palumbo Malta Shipyard have signed technical service agreement that will enable the shipyard to bid for certain work on liquefied natural gas (LNG) tankers. GTT is a world leader in membranes for the...

  • Retailers gloomier about next six months

    Retailers gloomier about next six months

    A third of retailers are gloomy about the next six months, with 33 per cent reporting a negative outlook compared with 26 per cent in December 2013. The fourth PwC market barometer found that only 28 per cent are upbeat, which contrasts with 41...

  • Glimmer of hope for SME financing

    Glimmer of hope for SME financing

    After a deterioration in the availability of external financing was reported between April and September, external financing tended to stabilise or improve over the subsequent six weeks for all but the smallest enterprises, according to a report...

  • Med Tourism Forum gaining momentum

    Over 1,000 delegates from 16 countries are expected to attend the Mediterranean Tourism Forum, the second organised by the Malta Hotels and Restaurants Association. A few years ago, the association decided to add a Mediterranean focus to its...

  • Malta to be used as hub for sustainable development

    Malta is to be used as a hub for a Commonwealth-wide initiative aimed at promoting sustainable development through a mixture of investment opportunities and networking. The Commonwealth Environmental Investment Platform (CEIP) is a joint venture...