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  • HSBC shares recoup 2.6 per cent

    The MSE index declined by 0.7 per cent adding on to last week’s negative returns, to close at 3,307.581 points during this holiday- shortened week. A total of 15 equities were active of which five gained, eight fell in value while two closed...

  • UK economy grows at fastest annual pace in more than six years

    Britain’s economy kept up its strong growth in the second quarter of 2014 and its yearly pace of expansion was revised up to 3.2 per cent, its best performance in more than six years, official data showed yesterday. Gross domestic product expanded...

  • Ukraine news knocks stocks

    Global equity markets retreated yesterday on news that Ukraine forces had engaged a Russian armoured column on Ukrainian soil overnight, while yields on benchmark German bunds plumbed record lows below one per cent. Ukraine said its forces had...

  • Cisco to take $700m in restructuring costs over next 12 months

    Cisco to take $700m in restructuring costs over next 12 months

    Network equipment maker Cisco Systems Inc. said it would take restructuring charges of $700 million in cash in the year ending July 2015 related to its plan to cut 6,000 jobs. Cisco shares were down 1.5 per cent at $24.82 in pre-market trading on...

  • China graft crackdown helps drive money into Australian property

    China graft crackdown helps drive money into Australian property

    More wealthy Chinese are moving their money out of China to invest in Australia’s property market as a corruption crackdown in the world’s second biggest economy gathers momentum, property consultants and lawyers said. They said their clients had...

  • Lessons from history

    On what is regarded by many Maltese as being the peak holiday weekend of summer, I have relied on some material passed on to me by colleagues. As such, this week’s contribution will deal with two snippets which both provide some food for thought.

  • Germany, France paint dismal eurozone picture

    Germany, France paint dismal eurozone picture

    Germany’s economy shrank in the second quarter and France again managed to conjure up no growth, data showed yesterday, snuffing out any signs of a recovery in the eurozone which is now weighed down by tit-for-tat sanctions with Russia. Europe’s...

  • M&S patches up ‘consumer love affair’ for merrier Christmas

    British retailer Marks & Spencer is close to having both its food and general merchandise divisions “firing on all cylinders” and expects a better Christmas after poor clothing sales hit last holiday season, according to its food business...

  • Russia’s Rosneft asks government for $41bn to weather sanctions

    Russia’s Rosneft asks government for $41bn to weather sanctions

    Igor Sechin, the head of Russian oil giant Rosneft, has asked the government to provide the company with 1.5 trillion roubles ($41. 6 billion) to help the company weather western sanctions, the Vedomosti newspaper reported yesterday. Under the...

  • Stocks up on Putin’s comments

    Global equity markets edged higher yesterday after President Vladimir Putin of Russia sounded a conciliatory note over the crisis in Ukraine, while bond yields in Europe fell to record lows as the eurozone’s recovery stalled in the second...

  • Company briefs

    The first Malta Maritime Careers Day will see the participation of three eminent international entities in its first year of staging. These will be Icomia - the International Council of Marine Industry Associations, Sname - The Society of Naval...

  • BOV regains the €2.12 level

    BOV regains the €2.12 level

    Trading activity across the local equity market during the final trading session of the week was subdued reflecting the summer season. The MSE Share Index closed marginally higher at 3,307.581 points as the 0.5 per cent increase in the share price...

  • Hope for cruise ship casinos

    Hope for cruise ship casinos

    The Lotteries and Gaming Authority is going to engage in more consultation on legislation which would allow cruise liners to open their casinos – giving a ray of hope that it could be more attractive than the original proposal. The LGA head, Joe...

  • Festival sets revenue record

    Festival sets revenue record

    The ninth edition of the Malta Arts Festival has set new records for revenue and audience numbers. The figures are stilll coming in but it is already clear that ticket revenue is higher than in 2013 and much higher than 2012’s €20,000. The...

  • Developing a virtual labour marketplace

    Developing a virtual labour marketplace

    Clyde Caruana was appointed chairman of the Employment and Training Corporation last April, shortly before the government published its Employment Policy. He tells Vanessa Macdonald it is time to rethink the corporation’s role. CEO Philip Rizzo...

  • Malta lags behind on Bitcoin opportunities

    Malta lags behind on Bitcoin opportunities

    Malta ranked 131st in a recent survey of the countries most likely to adopt Bitcoin. The Bitcoin Market Opportunity Index ranked 177 countries and was based on nine sources of information, ranging from the World Bank and IMF to CoinDesk and Google...

  • A better relationship between employee and employee

    Malta Employers’ Association president Arthur Muscat believes that the unions are deliberately making a fuss about its proposals on sick leave and public holidays in order to distract from the real issues that are raised. In an interview with...

  • Of the sun and the sea

    Our economic history is intrinsically linked to the sea, but it fell sadly into disrepute over the past 50 years, what with the decline of the shiprepair and building sectors, to the undesirable – though not quite understandable – connotations of...

  • PKF Malta to serve captive insurance industry

    PKF Malta to serve captive insurance industry

    PKF Malta is in the process of getting a licence to provide internal audit services to the captive insurance sector. “A normal insurance company has a lot of customers and the public needs to be protected, so there is more emphasis on their...

  • Improving customer experience through innovation

    Improving customer experience through innovation

    Customer Experience Innovation demands that a retailer offers a personal shopping experience for each and every customer. This maximises the sales opportunity as well as creates loyalty and repeat business. The only way this can happen in today’s...