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Business

  • China shoe strike spreads and enters second week

    One of China’s biggest strikes in years stretched into a second week yesterday, and spread from a huge shoe production complex in southern Guangdong province to a facility owned by the same company in neighbouring Jiangxi province. Workers at the...

  • Money market report for the week ended April 18

    On Monday, April 14, the European Central Bank announced its weekly main refinancing operation (MRO). The auction was conducted on Tuesday, April 15, and attracted bids from euro area eligible counterparties of €112.17 billion, €7.55 billion...

  • New EU law to help investors pick good corporate citizens

    Investors looking for companies with good environmental, social and governance track records will find the job easier after European politicians ruled that thousands of firms must reveal their performance as corporate citizens. Trillions of...

  • Japan exports growth slows sharply

    Japan suffered its worst annual trade deficit in March as exports growth slowed to its weakest in a year, suggesting a rapid loss of economic momentum that may prompt policymakers into early action as a national sales tax hike puts more strain on...

  • Italian growth could top 0.8% – minister

    Italian Economy Minister Pier Carlo Padoan said in interview he believed that growth in 2014 could be more than 0.8 per cent but that he could not say by how much. In the interview in the Corriere della Sera, Padoan was asked if growth could come...

  • Apple, Google vie to offer exclusive game apps

    Apple Inc. and Google Inc. are wooing game developers to ensure that top game titles arrive first on devices powered by their respective operating system, the Wall Street Journal reported, citing people familiar with the matter. Both the companies...

  • Dollar firm while US stocks flat on earnings

    US stocks were little changed yesterday as investors found little reason to push up prices after last week’s rally, while the dollar reached a two-week high against the yen after Japan posted a record trade deficit. The S&P 500 index last week...

  • Daily currency report

    The US dollar was a touch firmer and near two-week peaks against the yen in still subdued holiday trade. Major markets in Europe remained closed for the long Easter holiday weekend. The yen declined after figures showed Japan posted a...

  • Compensation battle rages four years after BP’s oil spill

    Four years after the Deepwater Horizon spill, oil is still washing up on the long sandy beaches of Grand Isle, Louisiana, and some islanders are fed up with hearing from BP that the crisis is over. Jules Melancon, the last remaining oyster...

  • Italian PM Renzi reduces taxes for 10m low earners

    Italian Prime Minister Matteo Renzi has cut taxes for 10 million low earners to try to boost household spending after a two-year recession, making good on a promise he made after taking office two months ago. Renzi’s Cabinet passed a decree on...

  • ­­­Shipping movements

    The following ships are expected in Malta this week: The Sirius from Misurata to Mersin, the Tyrusland from Tripoli to Tripoli, the HS Bruckner from Valencia to Livorno, the Karina from Tunis to El Khoms, the Bernhard Sibum from Ploce (all Carmelo...

  • Halmann R&D breakthrough

    A research project at Halmann has paid off, enabling it to incorporate a sealer into its internationally-acclaimed terrazzo tiles. The company exports the tiles for projects with very high traffic, ranging from Tesco supermarkets to train stations.

  • Handle with care

    Members of the Malta Chamber would un-doubtedly welcome lower rates of interest on their borrowings. However, they would not agree to lower interest rates if these were to bring about any threat to the stability of the local banking sector or...

  • Collective agreement signed for APS Bank

    After months of intensive negotiations, APS Bank and the Malta Union of Bank Employees (MUBE) reached final agreement on the new Collective Agreement which covers 2014 to 2016. This was the ninth agreement successfully concluded with the bank. The...

  • Regus opens business centres on Earth Day

    Regus is opening all of its local business lounges for free on Earth Day on Tuesday to help employees save gas and reduce emissions by skipping the long commute and working from a Regus centre instead. According to the US Census bureau, the...

  • MFMO affiliates with MDA

    The Malta Furniture Manufacturers Organisation (MFMO) has become an affiliate member of the Malta Developers Association (MDA). MDA president Sandro Chetcuti said the association was set up to safeguard the building industry but that many other...

  • Thousands visit Laguna Walk

    Around 20,000 people visited SmartCity Malta’s Laguna Walk since it was first opened a few weekends ago. Entertainment for its family events included car shows, Segway rides, mega slides, go karts, bungee runs, pony rides, train rides, sand...

  • Edward de Bono Institute promotes GEC participation

    Preparations are now underway to plan for this year’s Global Entrepreneurship Week which will be held from November 17-23. The Edward de Bono Institute at the University of Malta is inviting interested parties to join the Maltese GEW campaign,...

  • Tickling users’ curiosity: the EP’s initiatives online

    Information campaigns are shifting to the second screen, according to the European Parliament Information Office (EPIO) social media manager Kurt Buttigieg. Faced with a tiny budget and an electorate that needs to be reached at all levels, the...

  • Back in time

    In Christine Spiteri’s interview with 71-year-old Lewis Spiteri, there’s a statement which, like a piece of discarded chewing gum, looks innocuous but will stick to the sole of your shoes for at least a couple of miles. Reminiscing about the...

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