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  • ECB meeting takes centre stage

    As had been widely expected, the European Central Bank's MPC members opted to keep interest rates unchanged. But the key take from yesterday's meeting was that the ECB is being interpreted as having taken a small but meaningful step towards...

  • The future of the Union

    This week there was a meeting of the Big Four (not the audit firms) member states of the European Union – Germany, France, Italy and Spain. They used to be five but with Brexit, the United Kingdom has gone out of the equation. They discussed the...

  • ECB’s Draghi stands firm on stimulus as inflation ticks up

    ECB’s Draghi stands firm on stimulus as inflation ticks up

    The European Central Bank pledged yesterday to keep its aggressive stimulus policy at least until the end of the year, arguing that inflation pressures in the eurozone remained weak despite expectations of faster price growth. While expected, the...

  • Akzo Nobel rejects $22bn PPG bid, looks to spin off chemicals

    Akzo Nobel rejects $22bn PPG bid, looks to spin off chemicals

    Dutch paints and coatings maker Akzo Nobel NV rejected a €21 billion bid from larger US rival PPG Industries Inc yesterday, saying instead it wanted to “unlock value” by spinning off its chemicals business. PPG’s unsolicited offer comes just days...

  • US crude oil slumps below $50 after stocks build

    US crude oil slumps below $50 after stocks build

    Oil prices fell yesterday, extending the biggest falls this year as record US crude inventories kept sentiment weak, pointing to a global glut despite Opec-led supply cuts. Crude oil stocks in the US, the world’s top oil consumer, surged last week...

  • Oil price slumps amid ample supply as equities climb

    Crude oil extended a slump amid record US stockpiles yesterday, while bets the Federal Reserve will raise interest rates next week lifted equities on Wall Street and steadied a key gauge of global equity markets after five days of declines. United...

  • GO share price rebounds on strong volumes

    Following the declines in the previous two trading sessions, the share index today advanced by a minimal 0.02% to 4,745.942 points, reflecting the recovery in the share prices of GO (+3.3%) and MPC (+1.3%) which slightly outweighed the declines in...

  • Will France carry the flag of the next revolution, again?

    Claiming that the western world is fed up with the current crop of politicians is an understatement. If US voters are able to stomach a Donald Trump as their president, then rock bottom is not far below. Europe is not far behind. The UK has voted...

  • UK sees brighter year but Brexit will kick in

    UK sees brighter year but Brexit will kick in

    Britain raised its forecasts for economic growth this year but was more downbeat about the following three years, Chancellor Philip Hammond said in the first full budget since the referendum decision to leave the European Union. Delivering his...

  • The migration of companies

    In recent years, the migration of individuals has caused an uproar in many developed countries. Yet, there is another type of migration – that of companies or ‘legal persons’ – which occurs quite frequently and goes virtually unnoticed. Although...

  • Dollar gains as data lifts Fed hike bets, stocks rise

    The dollar gained and stocks on Wall Street mostly rose yesterday after US private sector hiring surged in February, underscoring the economy’s strength and adding to expectations the Federal Reserve will raise interest rates next week. The ADP...

  • Dutch and Danish grid operators to form offshore power hub in North Sea

    Dutch and Danish grid operators to form offshore power hub in North Sea

    Dutch power grid operator TenneT said yesterday it had found the first partner for its plan to create an offshore energy hub in the North Sea, Danish power transmission company Energinet.dk. TenneT’s plan, first announced in June, involves the...

  • Shipping movements

    These ships are expected in Malta: The MV Eurocargo Malta from Genoa to Catania (Sullivan Maritime) today. The Maersk Taurus from Port Said to Port Tangier, the Cardiff from Antwerp to Piraeus (both Thomas Smith Shipping Ltd), the MSC La Spezia...

  • ‘Malta could be next Oman’ – Medserv

    ‘Malta could be next Oman’ – Medserv

    ‘Malta could become the next Oman’, according to Medserv chairman Anthony Diacono, who was referring to the island’s potential to replicate his company’s recent success in securing a multimillion-dollar deal in Oman. Medserv’s Middle East...

  • 3,824 properties on AirBnB

    3,824 properties on AirBnB

    There were almost 4,000 properties in Malta available at the end of December to host tourists via AirBnb, according to research obtained by CasaRooms. This marks a dramatic increase over the past five years, when around two dozen were listed on...

  • A more balanced workforce

    A more balanced workforce

    From childcare centres and better maternity leave to longer opening hours for grocers, a number of factors have helped to raise the female participation rate to 53.8 per cent in 2015 – but that was still 4.9 percentage points below the EU average.

  • Aqubix swamped by requests

    Aqubix, whose product KYC Portal was featured in The Business Observer on January 26, has been swamped by requests for demonstrations following managing director Kristoff Zammit Ciantar’s presentation to 1,500 delegates at Finovate Europe in...

  • Bringing it all together

    Bringing it all together

    Choosing a reliable freight and logistics provider makes a considerable difference to the client in terms of costs, reliability, time frames, quality, etc. Leading operators identified some of the key factors when making a choice. Thomas Smith...

  • One man and Mrieħel

    One man and Mrieħel

    How many men does it take to change a lightbulb? Well, contrary to the old joke, only one – Keith Fenech – and it was actually 45 bulbs. Mr Fenech was appointed the chief executive officer of the Mrieħel Enterprise Zone Foundation last August,...

  • Zara outlet to be one of largest in Europe

    Zara outlet to be one of largest in Europe

    PG Holdings has submitted an application to build up over the footprint of the old Alhambra cinema in Sliema, enlarging its current Zara outlet by a footprint of some 900 square metres, and making it one of the largest in Europe. The current store...