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  • UK retail sales hit a new 10-year high

    UK retail sales hit a new 10-year high

    British retail sales surged at their fastest annual rate in more than a decade in November, as US-style ‘Black Friday’ discounts drove record sales growth at electrical and department stores. The figures suggest strong economic growth and a recent...

  • Swiss central bank imposes negative interest rates

    The Swiss National Bank said yesterday it would impose negative interest rates on cash held by other banks at the central bank, seeking to discourage safe-haven buying by investors anxious about the crisis in Russia and oil’s slide. In a brief...

  • Stocks climb on Fed policy signals as oil slips again

    Global equities markets rallied yesterday, with Wall Street up more than one per cent for a second straight day on what investors viewed as a favourable result from the Federal Reserve’s most recent meeting. The Swiss franc tumbled after its...

  • Company briefs

    Company briefs

    Emirates airline has launched its app for iPhone on the App Store. Already the most popular travel app in 25 countries with a 4.5 star rating, The Emirates App for iPhone has enhanced features such as the ability to check-in and download a...

  • Farsons appoints chief business development officer

    Farsons appoints chief business development officer

    Michael Farrugia has been appointed Farsons’ chief business development officer. His task is to develop a longer term export strategy in line with the Farsons board’s vision. He will report to Farsons Group CEO Norman Aquilina and will join the...

  • Share index in positive territory

    Share index in positive territory

    The share Index advanced 0.4 per cent today to 3,244.161 points, as four out of the five active equities traded in positive territory, with the other remaining closing unchanged. The share price of HSBC increased by 1.4 per cent to close at the...

  • Consumer protection reforms under way at MFSA

    Consumer protection reforms under way at MFSA

    The Malta Financial Services Authority is to carry out a number of reforms in 2015 in order to enhance the protection of consumers where these are disadvantaged in transactions with financial service providers, chairman Joseph Bannister has told...

  • €70,000+ is starting salary for 5-star hotel general manager

    €70,000+ is starting salary for 5-star hotel general manager

    Hotel general manager is the highest paid position in the ­sector, with a basic salary package starting from €70,000+, ­according to Misco’s first ‘Salaries and Benefits Report for the 5-Star Hospitality Sector’. The report deals with over 80...

  • 2015 economic wish list

    2015 economic wish list

    Joseph Farrugia Director General, Malta Employers’ Association In its reaction to the national Budget, the Malta Employers’ Association stated that the government faces a difficult year in reaching its fiscal targets, given its projected...

  • Top 10 risks for 2015: from the pleasant to the genuinely scary

    Top 10 risks for 2015: from the pleasant to the genuinely scary

    With the benefit of hindsight, the world always seems to be totally explicable. Projections for the future, in contrast, are full of uncertainties. No one can be sure what the future folds, even if economists offer forecasts apparently accurate to...

  • Restoring Valletta to its former glory

    Restoring Valletta to its former glory

    The revival of Valletta is gathering momentum with major restoration works, the final stages of the Renzo Piano project, the growth of luxury boutique hotels, increased night-life and a boom in the property market. Why is there so much interest in...

  • ‘Our plan is to triple the business’

    ‘Our plan is to triple the business’

    KPMG recently announced a €26 million offer to acquire Crimsonwing. Richard Fleming, head of advisory at KPMG UK, spoke to Anthony Manduca about the implications of the acquisition. Bryan Cruickshank, global head of IT advisory for KPMG UK, David...

  • Boutique hotels flourishing

    Boutique hotels flourishing

    Until quite recently there were only a handful of boutique hotels on the islands. There are now 13 applications for new ones to be built in Valletta alone, and a number of others are already well established. But the enthusiasm to create a new...

  • Main challenges for next year

    After 18 parliamentary sittings and no fewer than 52 hours of debate on the Budget for next year, many are still not quite clear as to the real state of the country’s economy. Politicians from the two main parties give a different picture, with...

  • The quest for innovation

    The quest for innovation

    Countries can grow by expanding their labour resources, such as by encouraging more women to remain in the labour force, or through capital deepening, in the form of higher levels of investment. However, it is innovation which can ensure...

  • Local CEO for Geneva-based IMC

    Local CEO for Geneva-based IMC

    The Geneva-based Investment Migration Council (IMC) has appointed Bruno L’ecuyer as its first chief executive officer. The former head of business development at FinanceMalta will be based in Malta. IMC is the worldwide association representing...

  • Financial controller for Pendergardens

    Financial controller for Pendergardens

    Claudia Nicole Abela will be taking over as financial controller of Pendergardens Developments in the coming weeks. Ms Abela was previously a director at Camper and Nicholsons Marinas International.

  • MD for Heritage Group

    MD for Heritage Group

    Heritage Group has appointed Neville Carabott as the new managing director to continue the recent investment drive in its Malta operations. Dr Carabott joins Heritage from Vistra Malta, a corporate services outsourcing firm, where he was a board...

  • Security head for MIA

    Security head for MIA

    Patrick Murgo has been appointed head of security at Malta Inter-national Airport, replacing Patrick Cuschieri who recently resigned. Mr Murgo joined the company as procurement executive last April. He has extensive experience in security, working...

  • Middlesea reorganises

    Middlesea Insurance has redesignated two of its chief officers to bring its organisational structure into line with the Mapfre global organisation. Keith Mallia Milanes is now assistant general manager for technical affairs, and Fernando Docampo...