News
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Unemployment rate in Germany steady at 6.9%
The number of unemployed in Germany unexpectedly rose in March, underscoring the severity of the recession in the eurozone. Data issued by the Federal Labour Agency showed that the number of people out of work climbed a seasonally adjusted 21,000 to...
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Struggling S. Korean builders tell employees to show loyalty
Five years after the global financial crisis, South Korean construction workers are feeling the pinch more than ever as they shoulder a mountain of debt from a real estate bust that has cast a long shadow on the country’s growth prospects. Facing...
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High number apply for apprenticeships in UK
A record number of people are applying for apprenticeships in the UK, with up to 17 per vacancy, new figures have shown. Almost 370,000 applications were made online in the quarter to April, an increase of a third compared to the same time last...
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Record unemployment and low inflation underline Europe’s pain
Unemployment has reached a new high in the eurozone and inflation remains well below the European Central Bank’s target, stepping up pressure on EU leaders and the ECB for action to revive the bloc’s sickly economy. Joblessness in the 17-nation...
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Fears over UK high street revamp
New rules designed to reinvigorate the high street could see them overrun with betting shops and payday loan companies, the Local Government Association (LGA) has warned. The British Government is cutting red tape from today in a move to return...
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Biomedical engineer is Famelab Malta’s science face
Biomedical engineer Owen Falzon will be representing Malta at the international Famelab final at Cheltenham Science Festival in the UK this month. Supported by the British Council, Famelab is offering this young scientist the opportunity to share...
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Plant-a-tree challenge
As part of its corporate social responsibility programme, Frank Salt Real Estate recently embarked on a new exercise geared towards making Malta greener, but with an innovative twist. The company is asking the public to participate in this...
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Distribution agreement, range of products extended
R. Satariano & Son Ltd recently signed a new distribution agreement with Wavin, manufacturers of Acorn Hep2O hot and cold water plumbing systems. The agreement was signed by managing director Joe Satariano in the presence of Wavin Overseas area...
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Spain’s bad bank scares off investors with high prices
Several major property investors say Spain’s bad bank Sareb is demanding overinflated prices for the best of its €51 billion of unwanted property and loans, delaying sales that could ease some of the pressure on public finances. Like Ireland’s bad...
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‘Cash still king for UK shoppers’
Cash is still king for the UK’s shoppers but relatively new payment methods such as Pay Pal are “rapidly gaining ground”, a report found today. More than half (54 per cent) of transactions were made using cash last year, according to a survey of...
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‘Pick up’ in UK house prices
House prices in the Northeast England saw an annual 5.7 per cent fall, taking them to £95,546 typically, in contrast to prices nationally recording their strongest year-on-year growth in 18 months, in further signs that the market is gathering...
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Emotional intelligence course
ATCS Consultancy Ltd was recently entrusted by the Malta Financial Services Authority (www.mfsa.com.mt) to deliver a tailor-made, in-house course entitled Working With Emotional Intelligence. The course, spread over two days, was delivered to senior...
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Independent study shows HP Original ink is superior
An independent study by Buyers Laboratory has confirmed the superior quality and reliability of Original HP ink cartridges, compared to refilled or remanufactured alternatives. The study found that, on average, Original HP ink cartridges print up to...
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Construction industry ‘shrinks 10 per cent’
The construction industry in Britain has shrunk by 10 per cent since the Government came to power, with the loss of 89,000 jobs, according to a new study. Research by the Trades Union Congress (TUC) found that cuts to publicly-funded projects were...
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FHRD graduation ceremony
The Foundation for Human Resources Development (FHRD)’s recent graduation ceremony saw 33 individuals completing one of the HR programmes offered by the University of Leicester, out of which 14 obtained a Master’s and five a B.Sc degree. The...
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Solar plane completes Texas flight
A solar airplane that developers hope to eventually pilot around the globe landed safely in Texas, completing the second and longest leg of an attempt to fly across the US powered only by the sun. The spindly experimental aircraft, dubbed Solar...
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Commercial human ventures planned for the moon – Nasa study
Corporate researchers may be living on the moon by the time Nasa astronauts head off to visit an asteroid in the 2020s, a study of future human missions unveiled shows. The study by Bigelow Aerospace, commissioned by Nasa, shows “a lot of excitement...
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British PM recommends poverty strategy roadmap
A UN commitment to eradicate extreme poverty by 2030 is one of the key recommendations from an international panel co-chaired by David Cameron. Britain’s Prime Minister called for a “new global partnership” to tackle some of the biggest problems...
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Conference delivers message of continuing growth of Malta’s onshore European financial centre
Finance Malta, the public-private partnership set up to promote Malta’s financial services sector, successfully concluded its sixth annual conference at the Corinthia San Ġorġ, which was exceptionally well-received by over 300 delegates and speakers...
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Eurozone jobless record
Unemployment has reached a new high in the eurozone and inflation remains well below the European Central Bank’s target, stepping up pressure on EU leaders and the ECB for action to revive the bloc’s sickly economy. Joblessness in the 17-nation...
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