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  • Electrolux to boost US presence

    Electrolux to boost US presence

    Sweden’s Electrolux said yesterday it would buy General Electric Co.’s appliances business for $3.3 billion in cash to double sales in North America and take on rival Whirlpool Corp. in its biggest ever deal. Electrolux said in August it was in...

  • Money market report for the week ended September 5, 2014

    On Thursday, September 4, the Governing Council of the European Central Bank (ECB) reduced the rate on its main refinancing operations (MRO) by 10 basis points to 0.05 per cent with effect from tomorrow, September 10. Furthermore, with effect from...

  • Japan second-quarter GDP shrinks more than expected

    Japan’s economy shrank an annualised 7.1 per cent in April-June from the previous quarter, more than a preliminary estimate, underscoring concerns the hit from an April increase in the sales tax may have been bigger than expected. The revised...

  • Cost to hedge sterling swings rises as Scottish vote looms

    Cost to hedge sterling swings rises as Scottish vote looms

    The cost of hedging against near-term currency swings from a possible ‘yes’ vote in Scotland’s independence referendum jumped to a 13-month high yesterday, as more hedge funds sought protection from wild fluctuations in the pound. With less than...

  • Scotland split fears slam pound

    The threat of Scotland splitting from Britain knocked the pound to a 10-month low against the dollar yesterday and sparked caution across equity markets already uncertain about whether a ceasefire in Ukraine would hold. An opinion poll showed for...

  • Fixing the public health service

    Fixing the public health service

    European countries like the UK, France, Malta and Cyprus that provide public medical services that are free at the point of delivery are under constant pressure to ensure that their healthcare system is financially viable. This often means tough...

  • Nearly half of Britons see interest rate hike in next 12 months – BoE

    Nearly half of Britons see interest rate hike in next 12 months – BoE

    Nearly half of Britons now expect the Bank of England to raise interest rates from record low levels over the next 12 months, the highest proportion in more than three years, a poll has shown. The BoE’s quarterly inflation attitudes survey showed...

  • BP can absorb new oil spill fine, analysts say

    BP can absorb new oil spill fine, analysts say

    BP should be able to meet the cost of up to $18 billion of new fines for the 2010 Gulf of Mexico oil spill without major asset sales or a big cut in its dividend, analysts say. The oil group’s shares dropped nearly 6 per cent on Thursday after US...

  • Shipping movements

    The following ships are expected in Malta: The CMA CGM Meknes from Algiers to Bejaia, the Vega Aquila from Thessaloniki to Piraeus, the Anna Shepers from Valencia to Livorno, the Violet from Tanger Med to Gemlik (all Carmelo Caruana Co. Ltd), the...

  • A career in information technology

    A career in information technology

    Personal achievement is equated to income and wealth of an individual.  For the vast majority of society the ability to generate income, and enough of it to live in relative affluence, will only happen if the individual painstakingly accumulates...

  • ‘Chinese visas still taking too long’

    ‘Chinese visas still taking too long’

    European countries are doing all they can to reduce the time it takes to process visas but it is still taking too long to issue such travel permits to visit Malta, according to Michael Zammit Tabona. “Italy and France process some 500 applications...

  • Retail drop in Malta largest in EU

    Retail drop in Malta largest in EU

    Malta saw a drop in retail trade of 2.5 per cent in July, compared with a year earlier, the highest decrease in the EU. The EU saw retail trade recover by one per cent over that 12-month period, with the highest increases being seen in Luxembourg...

  • Go finalises €12m acquisition of Cypriot company

    Go has bought 25 per cent of the shareholding in Cablenet Communications Systems from Nicolas Shiacolas, the beneficial owner of Cablenet’s entire issued share capital. The acquisition follows the necessary regulatory approval from the Competition...

  • When can you arrest a vessel?

    When can you arrest a vessel?

    Our firm was instructed to give advice to the owners of the Atlantik following the departure of the Atlantik from Malta and after the owners of the Atlantik found out that the vessel had caused quite a stir in Malta due to the news that on April...

  • 25 complaints per month on telecoms

    25 complaints per month on telecoms

    The Malta Communications Authority (MCA) received 155 complaints in the first six months of 2014, an average of around 25 complaints per month. Similar to the complaints received between January and June in 2013, the most common complaints relate...

  • EY Malta to launch economic updates

    EY Malta, supported by the Ministry for Finance and the University of Malta, is launching its first in a series of events relating to EY’s forecasts on the rurozone and the Maltese economy. This series, to be held on a quarterly basis, will...

  • Is employee training a cost or an investment?

    Is employee training a cost or an investment?

    One of the ways in which companies are responding to increased business competition is by evaluating their employee turnover. Employers are in fact questioning themselves what is coming at a higher cost: whether it is the employee turnover or...

  • Ryanair close to placing $10bn Boeing order

    Ryanair close to placing $10bn Boeing order

    Ryanair is in advanced talks to buy around 100 of a high-density version of Boeing’s 737 Max jetliner in a potential $10 billion (€7.7bn) deal that could be finalised in weeks, two people familiar with the matter said. The move comes two months...

  • Lufthansa Group raises its operating profit

    Lufthansa AG reported an operating profit of €114 million for the first six months of 2014, an improvement of €41 million on the €73 million of the same period last year. Lufthansa Technik achieved a first-half operating profit of €206 million,...

  • Emirates SkyCargo beats the heat

    Emirates SkyCargo beats the heat

    This summer, Emirates SkyCargo is carrying thousands of tons of temperature-sensitive commodities to all corners of the globe through its international hub of Dubai. Whether fresh flowers from Nairobi headed to Amsterdam, fish from Cape Town to...