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  • Apple set to unveil new software plans at worldwide developers conference on Monday

    Apple will unveil what is next for the software that powers the iPhone, iPad and Apple Watch next week in the US. The technology giant’s annual Worldwide Developers Conference (WWDC) begins on Monday, where chief executive Tim Cook could also...

  • Commemorating 10 years of co-operation, innovation

    Commemorating 10 years of co-operation, innovation

    The world’s five largest intellectual property offices yesterday commemorated 10 years of co-operation to strengthen work-sharing, patent examination efficiency and quality, and the stability of patent rights for innovators around the world. The...

  • Share index post 4-day negative streak

    The share index moved lower for the fourth consecutive day as it fell by a further 0.02% to 4,629.201 points. The declines in the share prices of PG (-0.9%) and HSBC (-0.1%) slightly outweighed the 1% gain in MaltaPost. Meanwhile, a further five...

  • The misplaced love for crisis management

    There are some jobs where the primary role is to manage crises. For example there are the jobs of the fireman, the doctor in an emergency department, the corrective maintenance team. People working in these jobs know that their duty is really to...

  • EU, Rome seal preliminary rescue deal for Monte dei Paschi

    EU, Rome seal preliminary rescue deal for Monte dei Paschi

    The European Commission and Italy have reached a preliminary agreement on a state bailout for Monte dei Paschi di Siena that includes heavy cost cuts, losses for some investors and a cap on pay for the bank’s top executives. The deal brings close...

  • Opec looked at extra oil supply cut, could revive proposal

    Opec looked at extra oil supply cut, could revive proposal

    The Organisation of the Petroleum Exporting Countries discussed cutting its oil output by a further one to 1.5 per cent when it met last week, three sources familiar with the matter said, and could revisit the proposal should inventories remain...

  • APS Bank and Aġenzija Żgħażagħ renew collaboration

    APS Bank and Aġenzija Żgħażagħ renew collaboration

    APS Bank and Aġenzija Żgħażagħ yesterday announced that they have extended their collaboration to jointly offer subsidised loans to young people over the next three years, thereby guaranteeing further financial aid at low interest rates through...

  • Italy leads Europe shares up after data highlights recovery

    European stocks rose yesterday with Italy setting the pace after a big upward revision in first-quarter economic growth. The pan-European STOXX 600 index edged up 0.3 per cent, led higher by industrials and consumer staples companies. Bank shares...

  • Medserv share price drops to fresh 2-year low

    The Share Index moved lower for the third consecutive day as it fell by a further 0.15% to 4,630.017 points. Trading activity was spread across nine equities of which four registered losses, another four closed the day unchanged whilst only BOV...

  • The changing Maltese telecoms landscape

    The changing Maltese telecoms landscape

    On Wednesday, May 24, Vodafone Group plc issued an announcement on the London Stock Exchange confirming that an agreement was reached with the shareholders of Melita Limited for a merger to take place of Melita and Vodafone Malta Limited. The...

  • Eurozone inflation slows in May

    Eurozone inflation eased by more than expected in May, reflecting dips in Germany and Spain among others and supporting European Central Bank policymakers wanting only slow adjustments to rates and monetary stimulus. Inflation in the 19 countries...

  • Deutsche Bank gets Polish bank sale under way

    Deutsche Bank AG has begun the sale of parts of its Polish banking operations as the German lender offloads non-core assets and frees up capital, market sources told Reuters. Poland’s banking sector has seen a number of mergers and acquisitions,...

  • Global stocks slip, sterling falls on polls

    Major stock markets around the globe fell yesterday but were on track to book moderate gains for May, while the sterling fell as conflicting poll results stoked worries whether the ruling Conservatives could lose seats in next week’s UK general...

  • Shipping movements

    These ships are expected in Malta: The BF Nilou from Skikda to Skikda, the CMA CGM Pegasus from Genoa to Beirut (both CMA CGM Malta Agency Ltd), the MSC Bettina from Singapore to Barcelona (John Ripard & Co Ltd) and the MV Eurocargo Malta from...

  • Trading activity slumps to new 2017 low

    The share index shed a further 0.16% during today’s trading session to 4,637.053 points largely due to the 2% drop in GO as well as declines in BOV, FIMBank, RS2 and Malta Properties. The only positive performer was HSBC whilst MIA and...

  • Compensation for flight cancellation

    It is the air carrier’s obligation to inform a passenger that a flight has been cancelled, the Court of Justice of the European Union (CJEU) has recently affirmed.  Failure to do so within the time limits set by EU law could expose the said...

  • Stocks slip on uncertain outlook; bonds, yen gain

    World stock prices softened yesterday on concerns about the political outlook in Europe and US econo-mic growth, and nervous investors piled into yen and low-risk US and German government bonds. Oil prices declined on worries about global...

  • Greece denies report it may opt out of receiving more bailout money

    Greece denies report it may opt out of receiving more bailout money

    A Greek government spokes­man denied a German newspaper report yesterday which said that it was considering opting out of receiving more bailout money if lenders could not agree on debt relief. “It is not true,” government spokesman Dimitris...

  • World luxury goods sales growth in 2017

    World luxury goods sales growth in 2017

    Global sales of personal luxury goods will grow by a stronger- than-expected two to four per cent at constant exchange rates in 2017, as higher spending in Europe and China outpace weakness in the US and southeast Asia, a report showed...

  • RBS investor group accepts offer to end lawsuit over 2008 cash call

    RBS investor group accepts offer to end lawsuit over 2008 cash call

    A group representing Royal Bank of Scotland investors has ac-cepted an out-of-court deal to settle a lawsuit that aimed to call disgraced former CEO Fred Goodwin to account over a 12 billion pound cash call in 2008. Organisers of the RBoS...