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Business

  • Developing a holistic approach to tourism

    Developing a holistic approach to tourism

    The Malta Tourism Society has thanked outgoing Malta Tourism Authority CEO Josef Formosa Gauci for his continuous efforts to improve the tourism activity in Malta and Gozo. Mr Formosa Gauci focused on the two primary factors for success in the...

  • Disclaimer

    The information published in this page is intended for information purposes only. Any legal claim or action taken in the event of a dispute should be based solely on the legal texts concerned. For more information, call the Office for Consumer...

  • Dhalia partners with UK’s Gascoignes International

    Dhalia Real Estate Services signed a partnership agreement that will see it work with international property brand Gascoignes International. Headquartered in London, Gascoignes International has a reach that spans the UK with a large number of...

  • Our rights when taking a loan

    Our rights when taking a loan

    Sometimes we do not have the necessary cash to buy goods we need and therefore we decide to make a credit agreement with the seller or bank. If we decide to take a loan, we must remember that borrowing money from a trader is equivalent to buying a...

  • University of Chester degree courses in Malta

    Global College Malta (GCM) will be bringing the University of Chester’s postgraduate business degrees to Smart City Malta. The college will be offering an MSc in management and a Master’s in business administration in a unique format by offering...

  • Package holiday complaint

    Package holiday complaint

    Q: We bought a package holiday from a local travel agency, but unfortunately the agency did not fulfil what it promised. We returned to Malta around a month ago and since then have been in contact with the travel agency and submitted evidence of...

  • Mapfre revenues reach €13.7 billion in first half of 2014

    Mapfre generated premium volume of €11.78 billion in the first half of 2014, similar to the figure for the same period of the previous year, and produced attributable earnings of €457.7 million, up 0.4 per cent. Revenues stood at €13.72 billion, a...

  • Weekly consumer advice

    • Before taking a loan, we should shop around and compare what different creditors are offering. • Credit advertising should indicate in an unambiguous manner, through an example, the credit’s interest rate and its total costs. • Consumers have 14...

  • US judge calls Argentina debt swap plan ‘illegal’

    US judge calls Argentina debt swap plan ‘illegal’

    US District Judge Thomas Griesa has called Argentina’s proposed debt restructuring plan “illegal” but stopped short of holding the country in contempt, saying that would not help resolve the dispute that led to the nation’s second default in a...

  • London Stock Exchange Group unveils £938m rights issue for Frank Russell deal

    London Stock Exchange Group unveils £938m rights issue for Frank Russell deal

    The London Stock Exchange Group (LSE) said yesterday it would raise £938 million in its first rights issue to part fund the acquisition of US indexes group Frank Russell. LSE will offer 74,347,813 new shares at a price of 1,295 pence, a 30.1 per...

  • HSBC shares continue to recover

    The MSE index ended the week in negative territory as it declined by a further 0.86 per cent, to close at 3,279.187 points. Activity was spread across 14 equities of which four advanced, seven fell in value and three closed unchanged. Middlesea...

  • European shares retreat on rise in Ukraine tension

    European shares fell yesterday after a brisk two-week rally, hurt by a ratcheting-up of tensions in Ukraine, although traders said a dovish tone in a speech by US Federal Reserve Chair Janet Yellen limited losses. Souring the mood, Ukraine...

  • HSBC chairman warns Scottish independence could trigger capital flight

    HSBC chairman warns Scottish independence could trigger capital flight

    Uncertainty over Scotland’s currency arrangements could prompt capital flight from the country, leaving its financial system in a “parlous state”, Douglas Flint, chairman of HSBC Holdings Plc, wrote in a column in the Telegraph newspaper in...

  • Gap set to open 40 stores in India

    Gap set to open 40 stores in India

    Apparel retailer Gap Inc. raised its full-year profit forecast, encouraged by strong sales of its lower-priced Old Navy clothes, and said it would open 40 stores in India as part of its strategy to expand in emerging markets. Gap has been looking...

  • Companies fleeing US tax system not reaping big returns for investors

    Companies fleeing US tax system not reaping big returns for investors

    Establishing a tax domicile abroad to avoid US taxes is a hot strategy in corporate America, but many companies that have done such “inversion” deals have failed to produce above-average returns for investors, a Reuters analysis has found. Looking...

  • Weekly currency report

    The US dollar index, the dollar value against a basket of currencies, moved to a one-year high this week. The dollar moved higher as the economic outlook for the US continued to contrast with data and the outlook for the eurozone. The minutes of...

  • Immobility in eurozone

    At the beginning of this month, the European Central Bank published its report on the economic performance of the eurozone member states for the first six months of this year. The report was not terribly exciting to read and it did not provide any...

  • Business growth slows in China, Europe

    Business growth slows in China, Europe

    Business growth in China and across Europe slowed this month, surveys showed yesterday, providing more evidence that the world economy is stuttering and may need more monetary stimulus to keep it going. Eurozone private business activity expanded...

  • G20 edging towards deal on ‘bail-in’ bond cushion for banks

    G20 edging towards deal on ‘bail-in’ bond cushion for banks

    Government leaders are expected to agree in November that the world’s top banks must issue special bonds to increase the amount of capital which can be tapped in a crisis instead of calling on taxpayers to come to the rescue, industry and G20...

  • Russia extends scrutiny of McDonald’s eateries

    Russia extends scrutiny of McDonald’s eateries

    Russia ramped up its scrutiny of McDonald’s restaurants yesterday, as the state food safety watchdog began unscheduled checks in several Russian regions, a day after four branches in Moscow were shuttered by the same agency. The food safety agency...

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