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  • Samsung unveils smartwatch that can make calls

    Samsung unveils smartwatch that can make calls

    Samsung Electronics yesterday unveiled what it said was the first smartwatch capable of making and receiving calls without a mobile phone nearby, in the South Korean firm’s latest effort to find a new growth driver. The world’s biggest smartphone...

  • UK cancer drug fund gets extra £160 million

    UK cancer drug fund gets extra £160 million

    A fund that helps patients receive cancer medicines not routinely paid for by Britain’s state health service is to get an extra £160 million, although the government is also taking a tougher line on prices. The Cancer Drugs Fund will negotiate...

  • Company briefs

    Dhalia Real Estate Services has expanded its international network through a partnership agreement with leading international property brand Gascoignes International. Headquartered in London, Gascoignes International has a reach that spans the UK...

  • Positive session lifts MSE share index

    This morning’s trading session on the Malta Stock Exchange saw most of the active equities moving higher with the MSE Share Index advancing by 0.7% to a 1-week high of 3,295.832 points. Most notably, the equity of GO plc continued to trend higher...

  • Unpopular High Net Worth Individual Rules killed off

    Unpopular High Net Worth Individual Rules killed off

    The High Net Worth Individual Rules for EU nationals, those from the EEA and Swiss nationals, has been killed off by a legal notice. It has been replaced by a residency programme which has the same eligibility parameters as the Global Residence...

  • Ħaġar Qim exploratory well cost over $45 million

    Phoenicia Energy Company was granted a six-month extension until January 2015 in order to conclude testing on the findings of the Ħaġar Qim well. The well was abandoned in July because no reservoir was found. The extension was confirmed by Genel,...

  • €172 a day for short-lets in Sliema

    €172 a day for short-lets in Sliema

    Properties with a seaview in Sliema commanded an average of €172 a day for short-lets in August, according to a survey of online booking sites carried out by property management company Casa Rooms. Properties without a seaview in Sliema are being...

  • Malta losing out on rig stops because of monopolies

    Malta losing out on rig stops because of monopolies

    Malta could attract considerably more rigs for lucrative overhauls if the owners were given more leeway to outsource contracts, Jonathan Borg, the managing director of Bluhull Group, said. Rigs need overhauls every five years or so, with contracts...

  • RBS fined for failings in its mortgage affordability tests

    RBS fined for failings in its mortgage affordability tests

    Britain’s financial regulator has fined Royal Bank of Scotland and its NatWest division £14.5 million for selling mortgages to customers without properly testing if they could afford them. The Financial Conduct Authority (FCA) said yesterday that...

  • Prolonged Libyan crisis could cause redundancies

    Prolonged Libyan crisis could cause redundancies

    Hundreds of Maltese workers brought back from Libya by their employers are being kept on the books – but that might not be possible if the crisis goes on much longer. “If you have trained and experienced employees – especially in specialised jobs...

  • IMF’s Lagarde put under investigation in French fraud case – source

    IMF’s Lagarde put under investigation in French fraud case – source

    IMF chief Christine Lagarde was placed under formal investigation by French magistrates yesterday for her alleged role in a long-running political fraud case, a source close to the former French finance minister said. The source said Lagarde, who...

  • Residency rules: the start of a new era?

    In June last year, Times of Malta reported that the government was planning to impose a deterrent to those who might want to apply for long-term residency. Long-term residents are eligible for social services: they basically become the...

  • Italy must cut growth forecast – Economy Minister

    Italy must cut its output growth forecast, its Economy Minister told a newspaper, adding that economic weakness was a European problem that the region’s governments needed to tackle together. The government in Rome predicted in April that Italy,...

  • Malta’s economic vision

    Malta’s economic transformation during the last decade was shaped by EU membership and the adoption of the euro. These two episodes mark the end of the post-war period and the start of a new journey. Having reached these milestones we need a new...

  • Case for Scotland’s independence hasn’t been made, say businesses

    Case for Scotland’s independence hasn’t been made, say businesses

    More than 100 business leaders spoke out against Scottish independence saying the business case for independence has not been made, the biggest intervention by the UK’s business community in the referendum debate so far. Voters will decide next...

  • Need for upmarket properties in Gozo

    Need for upmarket properties in Gozo

    There is a dire need for upmarket properties in Gozo, with demand picking up again after a few slow years, according to the manager of Frank Salt Real Estate’s Gozo branch, Marie Grech. There are very few villas in Gozo with a tumolo of gardens,...

  • Euro rises on ECB’s report

    The euro rebounded from a 13-month low yesterday after a report suggested the European Central Bank might not introduce more stimulus next week while major US stock indexes were little changed, with the S&P 500 hovering just above the 2,000...

  • Malta: a regional oil and gas hub

    Malta: a regional oil and gas hub

    With offshore drilling activity in the Mediterranean set to witness significant growth, Malta’s strategic location places it at the forefront as a regional service hub for the oil and gas industry. Many firms have already settled on the island to...

  • Swedish growth seen slowing as election approaches

    Sweden’s leading think tank said yesterday that growth would slow this year, casting a further shadow over the chances of re-election for a centre-right government that has marketed itself as the guardian of prosperity for the Nordic...

  • Attracting new customers through promotions

    Attracting new customers through promotions

    Retailers working to maximise the potential of their unique competitive space will be one step ahead with a tailored retail management system to underscore their business’ differentiator. iVend Retail features an intelligent collection of modules...