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  • It not all about the money

    Working in financial services has its funny moments although I must admit that some anecdotes are difficult to relay to someone from outside the sector. The following are just a few that I heard or experienced myself. The penny-share manA man...

  • 1,300 irregular migrants working

    1,300 irregular migrants working

    A total of 1,296 irregular migrants were officially employed in Malta, as at the end of September 2014, either in full or part-time jobs. The figures provided by the Employment and Training Corporation show that only 177 of these were refugees,...

  • MIP improves financial position

    MIP improves financial position

    Malta Industrial Parks has made marked improvements to its financial position, doubling its profits and cutting its costs. MIP managed to improve its turnover from €11.8 million in 2012 to €13.5 million in 2013, in the meantime cutting its direct...

  • The DemoEV project: encouraging electric mobility

    The DemoEV project: encouraging electric mobility

    The DemoEV project conducts research related to the use of electric cars in Malta. It is co-funded by the European Union’s LIFE+, a financial instrument supporting environmental and nature conservation projects throughout the EU. The project...

  • All roads lead to Rome... and New York

    All roads lead to Rome... and New York

    Alfred Pisani and his family opened a restaurant in the villa left behind after his father died, and within 2 years borrowed a million liri from the banks to open a 156-room hotel there. At 76, he shows no sign of slowing down. He talked to...

  • A solution for pensions?

    Ten years after the Pensions Working Group was asked to come up with a formula for pensions, we are still no closer to a solution – as was clear from the speakers at the recent ifs-Malta conference. The terms of reference were twofold: they had to...

  • Finally, quantitative easing for eurozone

    Finally, quantitative easing for eurozone

    The long-awaited decision by the European Central Bank has finally been taken amid some resistance, it must be said. In November last year, governing council member Ewald Nowotny had said that the ECB “never should say never” to quantitative...

  • HSBC impairments surge and dividends decrease

    HSBC impairments surge and dividends decrease

    The financial reporting season commenced on a negative note as HSBC Bank Malta plc announced a 42 per cent decline in pre-tax profits to €52.1 million – the weakest performance since 2002. The single largest contributor to the drop in profits was...

  • Neglected Libya rigs will need to be scrapped

    Neglected Libya rigs will need to be scrapped

    Many Libyan onshore rigs have been more or less abandoned with little or no maintenance being done – and will probably have to be scrapped if neglected for much longer. A Maltese company servicing the oil and gas industry, Bluhull, said that since...

  • Fed’s Yellen flags rate hikes on ‘meeting-by-meeting’ basis

    The Federal Reserve is preparing to consider interest rate hikes “on a meeting-by-meeting basis”, Fed chair Janet Yellen told a congressional committee, a subtle shift of emphasis that helps lay the groundwork for the Fed’s first rate hike since...

  • What is TTIP and is it relevant to Malta?

    What is TTIP and is it relevant to Malta?

    There is no two ways about it – the Transatlantic Trade and Investment Partnership (TTIP) will be the largest trade and investment agreement ever, which studies estimate, will result in some €119 billion of additional growth per annum for the...

  • European Commission consults on Capital Markets Union

    The European Commission has launched a landmark project, starting with a three-month consultation period, to unlock funding for Europe’s businesses and to boost growth through the creation of a single market for capital. The Capital Markets Union...

  • Mitsubishi i-MiEV: the ideal electric car

    Mitsubishi i-MiEV: the ideal electric car

    The Mitsubishi i-MiEV is one of the first 100 per cent electric cars to have hit the roads. It is the ideal vehicle for Malta for several reasons. Zero emissions: an equivalent internal combustion engine vehicle is less efficient and emits carbon;...

  • Buffett sets sights on German co­­mpanies

    Buffett sets sights on German co­­mpanies

    Renowned US investor Warren Buffett is readying for an acquisition spree in Europe’s biggest economy after setting the ball rolling last week with the purchase of a niche German retailer by his Berkshire Hathaway holding company. In an interview...

  • The single most important decision when you build

    Choosing the right building contractor is the single most important decision you have to make. Your choice will see you working together on a daily basis for months, and in the case of larger projects, even years. The firm you choose has to be...

  • World stock indexes rise after Fed comments

    Global stock markets rose slightly yesterday, helped by better-than-expected Chinese factory activity data, and comments from US Federal Reserve Chair Janet Yellen suggesting the US central bank is in no rush to raise interest rates. Following...

  • Capping card payment fees

    The regulation on interchange fees has been approved by the Economic and Monetary Affairs Committee (Econ) of the European Parliament. The regulation seeks to establish caps on the interchange fees at 0.2 per cent of transaction value for debit...

  • Shipping movements

    The following ships are expected in Malta: The Xin Lian Yung Gang from Port Klang to Koper, the HH North (ex-Connorth) from Tunis to Algiers (both Carmelo Caruana Co. Ltd) and the MV Eurocargo Malta from Genoa to Genoa (Sullivan Maritime)...

  • Are you switched on to the electric revolution?

    Are you switched on to the electric revolution?

    Z.E. = Zero Emissions. Renault unveiled four electric concept cars at the 2009 Frankfurt Motor Show with a promise to make them widely available to motorists. Since then, Renault has publicised each milestone in this ambitious and unique project,...

  • HSBC shares retreat for third consecutive session

    The share index shed a further 0.1 per cent to 3,421.315 points largely due to the third consecutive decline in the share price of HSBC following last Monday’s results publication which revealed a 42 per cent decline in pre-tax profits to €52...