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  • Length of commercial warranty

    Q: Should a commercial warranty be given for one year or two years? A: The commercial guarantee is a voluntary guarantee given to consumers when they purchase certain kinds of products. Since this guarantee is voluntary, the law does not stipulate...

  • Canon equipment donated to Mcast

    Canon equipment donated to Mcast

    Avantech donated the latest Canon photo video equipment – camera bodies, lenses and accessories – to Mcast’s Institute of Art and Design. This will ensure better training facilities for students following courses in this field. The Mcast...

  • Tips and advice

    • Sellers have no legal obligation to exchange goods that are not defective and that conform with the contract of sale. • Before buying a gift we should ask about the shop’s return policies. • We should gather information about how an unwanted...

  • Draghi says ECB is ready to act fast to tackle low inflation

    Draghi says ECB is ready to act fast to tackle low inflation

    The European Central Bank is ready to act in a timely manner if low inflation persists, ECB President Mario Draghi said yesterday. “We will continue to meet our responsibility – we will do what we must to raise inflation and inflation expectations...

  • Britain’s public finances show improvement for October

    Britain’s public finances improved slightly in October, official data showed yesterday, giving Chancellor George Osborne hope the budget might recover at a faster pace ahead of next year’s general election. The Office for National Statistics said...

  • Greece’s EU/IMF lenders in disagreement with the government’s deficit estimate

    Greece’s EU/IMF lenders in disagreement with the government’s deficit estimate

    Greece’s EU/IMF lenders disagree with the government’s prediction that it will meet its budget deficit target for next year, the deputy finance minister said yesterday as he unveiled a revised 2015 budget plan. “The (EU/IMF) troika has different...

  • European Central Bank’s ­negative rates to hit eurozone bank profits

    European bank profits will suffer under the European Central Bank’s negative interest rate policy because they find it too difficult to pass charges on to clients, Deutsche Bank’s chief financial officer said yesterday. Eurozone banks have faced...

  • Banks push index into negative territory

    The Malta Stock Exchange index fully erased last week’s gain as it fell by 1.1 per cent, to close at 3,286.615 points. Activity was spread across 16 equities of which six edged higher, seven declined and three closed unchanged. FIMBank plc shares...

  • China rate cut and ECB stimulus hopes boost world markets

    World stock markets and oil prices rallied yesterday, fuelled by hopes for global growth following a surprise rate cut by China and as the European Central Bank indicated it would step up its asset purchases to boost the eurozone economy. The jump...

  • Delta confirms $14bn order for Airbus Group

    Delta confirms $14bn order for Airbus Group

    Delta Air Lines Inc confirmed a $14 billion order for 50 widebody jets from Airbus Group NV, a victory for the European planemaker that replaces older generation aircraft from Boeing Co. in Delta’s fleet. The order, which was first reported on...

  • Healthcare organisations ‘must think ­long-term’

    Healthcare organisations ‘must think ­long-term’

    Challenges facing the healthcare sector are well known, yet governments and private sector organisations struggle with how to make meaningful change that will deliver sustainable healthcare at an affordable cost. KPMG International brought...

  • Daily currency report

    The week was full of surprises. US inflation figures and the release of the FOMC minutes did not go the way many thought, which provided a good degree of volatility. The euro traded in ranges against the US dollar, but the dollar was able to...

  • Share index this week down 1.1 per cent

    Share index this week down 1.1 per cent

    Despite the marginal increase in the share index today, the equity benchmark still closed the week 1.1 per cent lower at 3,286.0615 points. Bank of Valletta eased 0.2 per cent lower to €2.24,1 on subdued trading activity of only 5,554...

  • EU court adviser recommends upholding limit on bank bonuses

    A legal adviser to the European Court of Justice yesterday recommended that the court uphold the European Union’s cap on bankers’ bonuses after a complaint by Britain. The EU law limits a bonus to a sum that is no more than a banker’s fixed pay,...

  • The politics of paradox

    Last Saturday, Lord Maurice Glasman delivered a lecture at the Catholic Institute in Floriana as part of the course organised by the Pastoral Formation Institute and the local Chapter of the Centesimus Annus Pro Pontifice Foundation. The title of...

  • Banks chase trading cheats with ‘fuzzy’ surveillance

    Banks chase trading cheats with ‘fuzzy’ surveillance

    Stung by billion-dollar fines for malpractice on their trading floors, the world’s big banks are using ‘fuzzy logic’ tools such as relationship mapping and behavioural analytics to read the minds of would-be cheats among their traders. On...

  • Gatwick records busiest six months

    Gatwick records busiest six months

    Gatwick Airport, Britain’s second busiest airport which is competing to be chosen as the site for a new runway, reported the six months ended September 30 were its busiest on record, with passenger numbers in the period up 8 per cent. Gatwick...

  • Britain’s RBS fined £56m for 2012 systems crash

    Royal Bank of Scotland has been fined £56 million by Britain’s financial regulators for a system crash in 2012 that left millions of customers unable to make or receive payments. The 2012 outage, caused by a botched software upgrade, affected 6.5...

  • ECB dips toe into dead sea of rebundled debt

    ECB dips toe into dead sea of rebundled debt

    The European Central Bank is set to embark this week on a scheme to buy the kind of rebundled debt that sparked the global economic crash. With sparse investor interest its efforts could fall short. Asset backed securities (ABS), reparcelled debt...

  • World growth worries weigh on markets

    World stock markets slipped yesterday on signs the Chinese and European economies were cooling, while Japan’s yen slid to a seven-year low against the dollar on expectations of more Japanese stimulus. Wall Street prices rose as US data on factory...