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Business

  • Tech stocks sink Wall Street

    US technology stocks slumped yesterday, resuming recent weakness in shares which had previously led US stocks higher for more than a year, while Greece’s much-heralded return to the bond market buoyed eurozone debt. The yield on the benchmark...

  • EU antitrust chief sees lengthy review of Holcim, Lafarge deal

    Swiss cement producer Holcim’s plans to merge with French peer Lafarge and create the world’s biggest cement maker will be subject to an extensive review, the European Union’s antitrust chief said yesterday. Holcim and Lafarge, the top two in the...

  • Basel issues final rule on banks’ exposure to clearing houses

    Capital charges on banks to cover their exposure to clearing houses will be capped from 2017, the global Basel Committee of banking supervisors said yesterday. Clearing houses, which stand between two sides of a trade to ensure its completion if...

  • MIA’s share price reaches new all-time high

    The share price of Malta International Airport plc gained 0.9 per cent to a new all-time high of €2.32 across four deals totalling 29,810 shares. Recently, the airport operator revealed that during the first quarter of 2014 a record of 655,942...

  • ULCs put into context

    The Governor of the Central Bank of Malta Josef Bonnici has played down the convergence of Malta’s unit labour costs (ULC) with those of the EU, saying that they were also a reflection of structural changes. During the presentation of the CBM...

  • When you deserve more than ‘just a job’

    The i-gaming space came to Malta over 10 years ago and quickly changed the employment landscape across the islands. Previously, there was a “client driven” employment market, where the local firms could pick and choose the best individuals...

  • Japan, United States face off in crucial trade negotiations

    Japan and the United States yesterday began a round of crucial talks aimed at concluding a trade pact seen as critical to the success of regional negotiations, although officials warned that bridging differences would be difficult. Tokyo and...

  • Commission proposes ways to curb undeclared work

    The European Commission has proposed the creation of a European platform to prevent and deter undeclared work more effectively. The platform would bring together various national enforcement bodies involved in the fight against undeclared work, a...

  • European policymakers seek to reshape bundled debt market

    European policymakers are drawing up plans to revive the market for repackaged debt in a bid to lure investors back to a sector that was at the heart of the worst financial crisis in a generation. Securitisation is seen as key to helping banks...

  • Milking the EU for all its worth

    EU accession brought about radical changes to the dairy sector. Reams of regulations and standards meant that the production and processing sector had to invest heavily – or give up. But membership also brought funds which helped the sector to...

  • Local milk: €15m saving annually

    It doesn’t take much to come up with a list of disadvantages for the local dairy sector: small farms, lack of arable land for fodder and land for grazing, scant water, dependence in imported cereals for dry feed... But perhaps what people do not...

  • The dangers of rising populism in European politics

    The coming European Parliament elections are likely to result in a strong performance by populist parties throughout the EU. Populism has been defined as a “political philosophy which focuses on standing up for the rights and positions of the...

  • Say ‘cheese!’

    Has the EU affected the way we shop? Certainly consumer expectations are higher and, after the restricted choices of the past, we now expect to see variety. But do we really need 170 different cheeses? Scotts’ cheese counters are as long as those...

  • Reshuffles and the economy

    The restructuring of the team of ministers and parliamentary secretaries was bound to reflect on the managment of the Maltese economy. The whole team relates to it, some members more so than others, some directly and the rest indirectly. The...

  • Counting on the future

    The workbook is just 12 pages long, but that is long enough to guide the user from basic accounting definitions to drawing up a trial balance. It might not be enough to run a multinational organisation on – or even a corner shop for all that matter.

  • Compensating victims of anti-competitive conduct

    An EU law which will facilitate the filing of claims for damages by victims of anti-competitive conduct is well on its way to seeing the light of day. With an informal agreement recently reached between Council of Ministers and European Parliament...

  • ECB dismisses latest bank appeal over deadlines

    The European Central Bank has dismissed the latest appeal by the region’s biggest lenders for concessions, including easier deadlines, to make rigorous health checks of their industry less logistically onerous, sources told Reuters. ECB officials...

  • No more home and away charges for mobile phones

    The abolition of mobile roaming charges as from the end of next year is the culmination of years of efforts by EU institutions, especially the European Commission, to bring down roaming tariffs and bring the Single Market in the telecommunications...

  • Raising the standards of ethics and compliance

    With regulators getting tougher on business wrongdoing and a minority of employees tempted to cross ethical lines to meet targets in difficult economic circumstances, ethics and compliance programmes have become prominent on boardroom agendas. How...

  • Toyota to recall 6.5m vehicles

    Toyota Motor Corp. in its second-largest recall announcement, said yesterday that it would call back 6.39 million vehicles globally after uncovering five different faults involving parts ranging from steering to seats. A number of Maltese owners...

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