Business
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Google’s Glass gadget prompts privacy fears
Google staged four discussions expounding on the finer points of its Glass wearable computer during last week’s developer conference. Missing from the agenda, however, was a session on etiquette when using the recording-capable gadget, which some...
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Daily currency report
The US dollar slipped on profit-taking and may remain lower ahead of key updates from Ben Bernanke and the Federal Reserve’s latest meeting minutes. The greenback was knocked back on approach to three-year highs on a trade-weighted basis as...
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MIA’s equity trades up to new record
Malta International Airport’s equity continued its positive run with a gain of a further 0.5 per cent this morning up to a new record level of €2. A total of 13,500 shares changed hands at this level today with further bids remaining outstanding in...
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Interest rate set
The interest rate in respect of the Floating Rate Malta Government Stock 2014 (V) linked to the six-month Euribor for the period May 23 to November 22 (both dates included) shall be 0.743 per cent, the Treasury said. Such rate is reset and based on...
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Yahoo! to buy Tumblr for $1.1bn
Yahoo! Inc.’s board has approved a deal to buy blogging and social networking site Tumblr for $1.1 billion (€0.85 billion) in cash, the Wall Street Journal cited people familiar with the matter as saying. Such an acquisition would be Marissa...
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Ryanair earnings beat forecasts
Ryanair posted forecast-beating full-year earnings yesterday, buoyed by strong growth in fares and a sharp rise in charges for items such as baggage and in-flight refreshments. Shares in Europe’s largest budget airline jumped more than six per cent...
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Money market report for the week ended May 17
On Monday, May 13, the European Central Bank (ECB) announced its weekly main refinancing operation (MRO). The auction was conducted the following day and attracted bids from euro area eligible counterparties of €103.84 billion, €6.45 billion lower...
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UK’s FTSE at highest closing level since 2000
Britain’s benchmark equity index rose yesterday to its best closing level since late 2000, helped by rising bank stocks, and analysts said there was little holding it back from its all-time highs. Interest rate cuts and injections of liquidity by...
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Daily currency report
Robust US consumer confidence data was the latest buy signal for the US dollar, taking the currency close to three-year highs against a basket of currencies. Investors continue to pile into the greenback, extending long positions in anticipation of...
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ECB eyes supervisor role
The European Central Bank could use its new supervisory role from next year to single out weak banks and make it harder for them to get its financial support, people familiar with the matter say. Such a hardening of approach would keep ECB funding...
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UK trade may struggle to stand still after EU exit
As British Prime Minister David Cameron struggles to accommodate eurosceptics in his own party, trade experts warn that quitting the EU would force Britain not just to rework trade relations with the EU, but also with the EU’s trade partners and...
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Shipping movements
These vessels are expected in Malta: The Mediterranean Sea from Antalya to Mersin, the Saint Roch from Benghazi to Benghazi and the Elbinsel from Tunis to Tunis (all Carmelo Caruana), the MV Eurocargo Venezia from Genoa to Civitavecchia and the MV...
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Building on existent tourism and sustainable development policies
Tourism is an economic activity capable of generating growth and employment while contributing to economic development and social integration. The EU tourism industry generates more than four per cent of the bloc’s GDP, varying from two per cent...
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Vodafone Malta Foundation donates €3,600 to Puttinu Cares
Several Vodafone Malta employees participated actively in the Puttinu Cares Football Marathon, an annual fundraising event held at the Marsa Sports Grounds. The Vodafone Malta Foundation presented a €3,600 donation, which is part of a total sum...
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Mapfre International HR director visits Middlesea Insurance
Elvira Vega, international HR director at Mapfre, recently visited the Middlesea offices in Malta. Mapfre is the majority shareholder in Middlesea Insurance. During her visit, Ms Vega launched the revamped Mapfre performance appraisal. The objective...
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Business Flex from Go
Go is offering the business community a €15 monthly Go Business Flex plan which gives limitless calls to one’s Closed User Group and a recurring monthly mobile internet bundle of 300MB. Customers also benefit from €8, which are credited monthly onto...
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Improving access to finance for SMEs
The Malta Business Bureau and Bank of Valletta are organising a business seminar on Tuesday at 8.30am at the Hotel Phoenicia. During this seminar, Ernst & Young will highlight the findings of a study commissioned by the MBB in collaboration with...
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HSBC Malta recruits additional bank cashiers
HSBC Malta has recruited over 20 new bank cashiers to further enhance the customer service at its branches in Malta and Gozo. This intake of bank cashiers will facilitate the increasing need for face-to-face interaction with customers who require a...
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Developing for growth
Alberta has invested in a full scale management and leadership development programme for its senior management and directors. The programme has been designed and implemented together with Mdina Partnership, the people development company. This...
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Momentum growing for better public accounting
Governments around the world are increasingly taking steps to improve their accounting and achieve greater transparency – amidst growing recognition that the accounting framework traditionally used by the public sector isn’t fit for the 21st...
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