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  • EU plans measures to block foreign takeovers of strategic companies

    EU plans measures to block foreign takeovers of strategic companies

    The European Union plans measures to block “politically-motivated” foreign investment, after Germany, France and Italy asked it to act against takeovers in sectors that could harm Europe’s strategic interests. The proposal could give the EU –...

  • Oulala gets skills game licence

    Fantasy sports platform provider Oulala.com has been handed the first official controlled B2B skill games licence from the Malta Gaming Authority. The goal – to be regulated separately from other iGaming activities – was set four year ago. In...

  • Investors’ sentiment turns negative

    On Thursday, the president of the European Central Bank, Mario Draghi, delivered a speech in which he stated that inflation in the eurozone has risen to just under two per cent for the first time in four years. Markets are now anticipating that...

  • Stocks rise as jobs data points to rate hike

    Crude oil resumed a downward drift and global equity markets rose yesterday after a robust US jobs report drove home the strength of the American economy and set the stage for the Federal Reserve to raise interest rates next week. US employment...

  • Donald Trump meets with community bankers, pledges to scale back regulations

    President Donald Trump promised in a meeting with community bankers last Thursday to strip away some Dodd-Frank financial regulations and ensure they can continue giving small businesses access to capital. Trump, joined by National Economic...

  • Company briefs

    Maltco Lotteries has launched a new corporate website at www.maltco.com. The website provides Maltco’s partners, agents, staff, players and visitors an easier way to learn about Maltco Lotteries responsible gaming information, obtain game details...

  • Daily currency report

    EUR The euro steadied despite another status quo message from the European Central Bank which reaffirmed that its low rate policies would remain intact for a while yet. Despite evidence of green shoots sprouting across the 19-nation economy, the...

  • The future of the Union

    This week there was a meeting of the Big Four (not the audit firms) member states of the European Union – Germany, France, Italy and Spain. They used to be five but with Brexit, the United Kingdom has gone out of the equation. They discussed the...

  • ECB’s Draghi stands firm on stimulus as inflation ticks up

    ECB’s Draghi stands firm on stimulus as inflation ticks up

    The European Central Bank pledged yesterday to keep its aggressive stimulus policy at least until the end of the year, arguing that inflation pressures in the eurozone remained weak despite expectations of faster price growth. While expected, the...

  • Akzo Nobel rejects $22bn PPG bid, looks to spin off chemicals

    Akzo Nobel rejects $22bn PPG bid, looks to spin off chemicals

    Dutch paints and coatings maker Akzo Nobel NV rejected a €21 billion bid from larger US rival PPG Industries Inc yesterday, saying instead it wanted to “unlock value” by spinning off its chemicals business. PPG’s unsolicited offer comes just days...

  • US crude oil slumps below $50 after stocks build

    US crude oil slumps below $50 after stocks build

    Oil prices fell yesterday, extending the biggest falls this year as record US crude inventories kept sentiment weak, pointing to a global glut despite Opec-led supply cuts. Crude oil stocks in the US, the world’s top oil consumer, surged last week...

  • Oil price slumps amid ample supply as equities climb

    Crude oil extended a slump amid record US stockpiles yesterday, while bets the Federal Reserve will raise interest rates next week lifted equities on Wall Street and steadied a key gauge of global equity markets after five days of declines. United...

  • GO share price rebounds on strong volumes

    Following the declines in the previous two trading sessions, the share index today advanced by a minimal 0.02% to 4,745.942 points, reflecting the recovery in the share prices of GO (+3.3%) and MPC (+1.3%) which slightly outweighed the declines in...

  • UK sees brighter year but Brexit will kick in

    UK sees brighter year but Brexit will kick in

    Britain raised its forecasts for economic growth this year but was more downbeat about the following three years, Chancellor Philip Hammond said in the first full budget since the referendum decision to leave the European Union. Delivering his...

  • The migration of companies

    In recent years, the migration of individuals has caused an uproar in many developed countries. Yet, there is another type of migration – that of companies or ‘legal persons’ – which occurs quite frequently and goes virtually unnoticed. Although...

  • Dollar gains as data lifts Fed hike bets, stocks rise

    The dollar gained and stocks on Wall Street mostly rose yesterday after US private sector hiring surged in February, underscoring the economy’s strength and adding to expectations the Federal Reserve will raise interest rates next week. The ADP...

  • Dutch and Danish grid operators to form offshore power hub in North Sea

    Dutch and Danish grid operators to form offshore power hub in North Sea

    Dutch power grid operator TenneT said yesterday it had found the first partner for its plan to create an offshore energy hub in the North Sea, Danish power transmission company Energinet.dk. TenneT’s plan, first announced in June, involves the...

  • Shipping movements

    These ships are expected in Malta: The MV Eurocargo Malta from Genoa to Catania (Sullivan Maritime) today. The Maersk Taurus from Port Said to Port Tangier, the Cardiff from Antwerp to Piraeus (both Thomas Smith Shipping Ltd), the MSC La Spezia...

  • ‘Malta could be next Oman’ – Medserv

    ‘Malta could be next Oman’ – Medserv

    ‘Malta could become the next Oman’, according to Medserv chairman Anthony Diacono, who was referring to the island’s potential to replicate his company’s recent success in securing a multimillion-dollar deal in Oman. Medserv’s Middle East...

  • 3,824 properties on AirBnB

    3,824 properties on AirBnB

    There were almost 4,000 properties in Malta available at the end of December to host tourists via AirBnb, according to research obtained by CasaRooms. This marks a dramatic increase over the past five years, when around two dozen were listed on...