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  • Economic recovery being held back by low businessconfidence – Eurochambres

    Despite a slight drop in general business confidence, businesses expect a minor upturn in their prospects for 2017, according to the 24th annual Eurochambres Economic Survey (EES2017), based on responses from over 50,000 businesses from 24...

  • Malta fourth lowest R&D expenditure

    Malta fourth lowest R&D expenditure

    Malta had the fourth lowest R&D expenditure of the EU in 2015, at almost a third of the EU average. In 2005, Malta’s R&D expenditure was only 0.53 per cent of GDP – but while this went up to 0.77 per cent by 2015, it still lags well behind the EU...

  • Brent crude at 16-month high

    Brent crude futures surged to a 16-month high yesterday on the heels of Opec’s agreement a day earlier to cut output, while Treasury yields continued to climb following the weakest monthly performance for global bonds in almost 13 years. The...

  • FIMBank share price slips to a near 6-month low

    The share index edged 0.16% lower to 4,462.256 points today as the declines registered in six equities outweighed the gains in HSBC (+0.6%) and RS2 (+0.2%). Meanwhile, 6PM and Tigne’ Mall closed the day unchanged. Trading volumes improved as...

  • Common investment mistakes to watch out for

    Common investment mistakes to watch out for

    Very recently, Shane Oliver, head of Investment Strategy and Chief economist at AMP Capital, listed seven common mistakes investors have a habit of going into. According to Oliver Shane investors very often commit investment mistakes because they...

  • EU globalisation fears most acute in Austria and France

    EU globalisation fears most acute in Austria and France

    Fear of globalisation is the most important factor in pushing European citizens towards populist right-wing parties and those fears are most acute in Austria and France, a survey by Germany’s Bertelsmann Foundation showed yesterday. The study...

  • Populism has weakened European integration – Draghi

    The spread of populist movements was threatening European integration and efforts to find joint responses to immigration, security and other shared concerns, ECB president Mario Draghi said in an interview published yesterday. In some of his...

  • Lufthansa says pilot strikes cost it €10m-€15m a day

    Strikes by German pilots, which entered their sixth day this year, ere costing the German carrier about €10-15 million a day, a spokesman said yesterday. A further 890 flights were cancelled yesterday, with the walkout affecting short- and...

  • Oil jumps on Opec deal while bond rout resumes

    Oil jumped yesterday as Opec members clinched a deal to cut production, while upbeat US economic data and comments from the US Treasury Secretary nominee triggered a selloff in the bond market. Higher crude prices bolstered shares of energy...

  • Shipping movements

    These ships are expected in Malta: The OPS Hamburg from Annaba to Algiers, the CMA CGM Chopin from Damietta to Tilbury, the Corona J from Algiers to Skikda (all CMA CGM Malta Agency Ltd), the Seago Piraeus from Antwerp to Piraeus (Thomas Smith...

  • Malta last in insolvency rankings

    Malta last in insolvency rankings

    Malta has the most inefficient insolvency proceedings of all the EU member states, a damning report by the European Commission has revealed. The report coincides with new EU rules on business insolvency, aimed at increasing the opportunities for...

  • Accounts easier for companies with substance

    Accounts easier for companies with substance

    Companies which have economic substance in Malta would find it much easier to open accounts, the chairman of the Malta Bankers’ Association Mario Mallia said, responding to criticism that companies were finding it too hard to open accounts. “Where...

  • A ‘brand’ new association

    A ‘brand’ new association

    Two entrepreneurs have been working behind the scenes to persuade boutique hotel owners in Valletta to join forces – and are now ready to get things going. Jankarl Farrugia and Mark Weigard, who have both got significant investments in the...

  • Challenging year predicted

    Challenging year predicted

    A number of major projects – such as the logistics hub and the Mediterranean oil and gas hub – should take off in 2017 creating opportunities but there are also challenges. Express Trailers Franco Azzopardi Chairman and CEO The logistics hub...

  • Italian referendum to have modest impact

    Victory or defeat for Italian Prime Minister Matteo Renzi’s constitutional reform referendum will hit financial markets only modestly, a Reuters poll found, with analysts split on how serious a “No” vote would be for the future of the euro. Renzi...

  • Seeking a stronger union of banks

    Seeking a stronger union of banks

    Apart from being the Dutch Finance Minister, Jeroen Dijsselbloem has been the Eurogroup president since 2013. He spoke to Vanessa Macdonald about some of the issues facing the financial sector and how the Banking Union would help. I was fascinated...

  • Workforce to be reckoned with

    Workforce to be reckoned with

    Databyte managing director Frederick Micallef has decades of experience in the software industry so you can imagine how surprised he was to learn that two product sectors he thought were saturated were actually ripe for new approaches: human...

  • Avoiding empty promises

    Economy Minister Chris Cardona has fallen into the trap of making an empty promise, reassuring the 200 workers that will be laid off from Actavis that the government “guaranteed” that none of them would spend a single day on the jobless...

  • Vehicle taxation in Malta: worst in Europe

    Vehicle taxation in Malta: worst in Europe

    When it comes to vehicle taxation, Malta’s remains the worst in Europe as a percentage of total taxation, according to the 2016 edition of “Taxation trends in the European Union” published by the European Commission. In 2014, the first full year...

  • New CEO at Prohealth

    Peter Apap, co-founder and director of Prohealth Ltd, has been appointed chief executive officer. Prohealth has imported and distributed leading pharmaceutical and dermo-cosmetic brands since 1995. The other co-founders and executive directors...