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  • Query on aftersales repair

    Query on aftersales repair

    Q: I would like to know whether sellers are legally obliged to provide repair services on white goods once the commercial guarantee has expired? A: The Consumer Affairs Act stipulates that “if the goods are of a nature that may require...

  • EC expands presence in the US

    EC expands presence in the US

    Strong international growth is continuing for Maltese-owned EC English Language Centres, as it further expands its portfolio in the US with two new schools due to open in January. In line with agent and student demand, one school will be in the...

  • Scratched dinner set

    Q: I bought a dinner set from a local shop. When I went back home with it and unwrapped it, I found that some of the pieces were scratched. I went back to the shop and the seller accepted to replace them. As he opened the new boxes, we saw that...

  • Staff contribution scheme for research

    Staff contribution scheme for research

    A new staff contribution scheme for University and Junior College staff members launched by the Research, Innovation and Development Trust (RIDT) will come into effect in January. Staff members are encouraged to make a regular donation of a small...

  • Tips and advice

    • When a flight is overbooked, the airline must first seek for volunteers. • Air passengers who willingly accept not to board the flight in exchange for benefits cannot claim monetary compensation. • Air passengers who are denied boarding are...

  • UK tax reform should help housing market

    UK tax reform should help housing market

    A change to the way Britain taxes house purchases, introduced last week, will give a small boost to most of the country’s housing market, Bank of England Governor Mark Carney was quoted as saying yesterday. “On the margin, a personal view, I would...

  • Festive spree to leave a hangover

    The 12 days of Christmas will cost the average British family an unexpected extra £650 this year, a report has revealed. The period between Christmas Day and January 5 will see people spending money on food, drinks, pub visits, eating out, travel,...

  • Seven equities trade higher

    The recent losing streak in the Malta Stock Exchange index persisted as it fell for the fourth successive week by 0.19 per cent, to close at 3,238.81 points. This negative trend was extended despite seven equities out of a total of 14 gained...

  • Crude rout hits stocks

    The relentless slide in oil prices pressured energy stocks and currencies exposed to crude exports yesterday, while dousing the appetite for riskier assets and encouraging investors to seek safety in core government bonds. Major European equity...

  • Italy seizes €556,000 in fake coins

    Italy seizes €556,000 in fake coins

    Italian police yesterday seized €556,000 in fake euro coins minted in China from a ship container in the port city of Naples, investigators said. Palermo prosecutor Calogero Ferrara, who led the so-called “Shanghai Money” investigation, told...

  • Daily currency report

    Anxiety over the outlook for global growth and deflation grew on the back of a variety of events. Chinese inflation figures came in at five-year lows, which triggered concerns. Then the price of oil continued its downward descent. That negatively...

  • MIA rebounds whilst GO continue to ease

    MIA rebounds whilst GO continue to ease

    The equity of Malta International Airport recovered yesterday’s 8c decline with an equivalent uplift during this morning’s trading session on the Stock Exchangeto regain the €2.30 level, albeit still on shallow volumes of 6,000 shares. On the...

  • Stimulating investment in the EU

    My contribution last week focused on Jean Claude Juncker’s speech to the European Parliament, during which he spoke of a €300 billion investment programme to revive the European economy. The thrust of my contribution was whether the EU needs to...

  • Tepid interest in its cheap loans edges ECB towards printing money

    Tepid interest in its cheap loans edges ECB towards printing money

    The European Central Bank’s second offering of almost zero-cost loans to banks drew only tepid interest yesterday, underlining fragile confidence in the eurozone economy and making ECB money-printing appear all but inevitable. Banks have taken...

  • Aston Martin seeks to raise funds for new models

    Aston Martin seeks to raise funds for new models

    Aston Martin is preparing to raise funds to expand its range of models into new areas including crossover SUVs, two sources with knowledge of the matter said, as the loss-making sportscar maker steps up its turnaround efforts under a new boss. The...

  • Zara owner says winter sales brisk after the warm autumn

    Zara owner says winter sales brisk after the warm autumn

    Zara-owner Inditex posted a 14 per cent rise in sales for November and early December as its fast-changing fashion collections helped it cope better with mild weather than many European rivals. The strong sales performance, coming after a...

  • Dollar, stocks rebound on strong US data

    The dollar and global equity markets rebounded yesterday after three days of declines, spurred by strong US retail sales and declining jobless claims that signalled the US economy could weather weak oil prices and a likely interest rate hike next...

  • Italy pursues alleged NY mobster for extortion

    US police, acting at the request of an Italian court, have arrested a New York City man authorities identify as a member of the Gambino mob family for extortion, Italian officials said yesterday. A court in the southern Italian city of Potenza...

  • MSE Share Index sinks to 22-month low

    MSE Share Index sinks to 22-month low

    During this morning’s trading session, the MSE Share Index slipped 0.9% to a new 22-month low of 3,231.982 points as most of the active equities closed in negative territory. HSBC Bank Malta plc shed 2.6% to drop back to its 2014 low of €1.90...

  • BP to spend $1 bln to restructure, cut jobs

    BP to spend $1 bln to restructure, cut jobs

    BP will cut hundreds of jobs across its global oil and gas business by the end of next year in a $1 billion restructuring programme that was announced on Wednesday following steep falls in oil prices. The bulk of the costs will go towards staff...