Advert

Business

  • The euro and Europe’s fracture

    The euro and Europe’s fracture

    Malta has recently co-signed a letter with various other countries, objecting to the Franco-German proposals for eurozone reform. On this Malta is to be congratulated. And also not. Malta and other countries taking a stand was an important...

  • HSBC Malta first to receive John Harper Award for an organisation

    HSBC Malta first to receive John Harper Award for an organisation

    HSBC Malta Foundation has become the first corporate supporter of the Junior Achievement Young Enterprise (Jaye) Malta Foundation to clinch the John Harper Award for its outstanding contribution to the growth of the non-profit institution. The...

  • Showcasing Malta’s AI talent

    As the countdown to the first ever Artificial Intelligence (AI) Malta nears its completion, Eventus International prepares for the largest Maltese AI event of the year. The first ever Artificial Intelligence Malta Summit, to be held on July 12-13...

  • Former PayPal executive targets ambitious growth plans as RS2 expands in the US

    RS2, global payments software and managed services provider, has added North America to its expansion strategy with the appointment of Daniela Mielke as chief executive officer for the US region. Ms Mielke brings over 15 years of industry...

  • Money market report for week ending July 6

    On July 2, the European Central Bank announced its weekly main refinancing operation (MRO). The operation was conducted on July 3 and attracted bids from euro area eligible counterparties of €2.28 billion, €0.45 billion lower than the bid amount...

  • Stocks hit two-week high as US jobs report spreads relief

    Global shares hit a two-week high yesterday as favourable US jobs data whetted risk appetites, while sterling brushed off the resignation of two ministers over Britain’s departure from the EU, with traders focused on the likelihood of a “soft...

  • China and Germany swear to keep trade free

    China and Germany swear to keep trade free

    Germany and China signed a raft of commercial accords worth some €20 billion  on Monday, with their leaders reiterating commitments to a multilateral global trade order despite a looming trade war with the United States. The deals, involving...

  • Brexit could hurt eurozone economies - ECB's Nowotny

    Brexit could hurt eurozone economies - ECB's Nowotny

    Britain's ramshackle exit from the European Union, with two ministers quitting the government on Monday, could damage economic growth in the euro zone, European Central Bank policymaker Ewald Nowotny said. British Foreign Secretary Boris Johnson...

  • MSE Equity Price Index drops to 5-week low

    MSE Equity Price Index drops to 5-week low

    The MSE Equity Price Index trended in negative territory for the third consecutive session with a drop of a further 0.94% to a new 5-week low of 4,354.763 points. Most of the active equities moved lower during on Monday with only two equities...

  • Anti-money laundering reform kicks in, but concern over Malta rears its head

    Anti-money laundering reform kicks in, but concern over Malta rears its head

    New rules to tackle money laundering in the European Union took effect on Monday but the bloc already faces calls for further reforms as new shortcomings emerged after alleged wrongdoing at banks in Baltic states and Malta. The fifth review of the...

  • New cooling system saves 600,000 electricity units

    New cooling system saves 600,000 electricity units

    Bank of Valletta has introduced a new cooling system in its server room, reducing energy consumption by around 60 per cent, and saving thousands of euro every year. Mark Marmara, the manager responsible for the environment at Bank of Valletta,...

  • Starbucks to phase out plastic straws as opposition to them grows

    Starbucks to phase out plastic straws as opposition to them grows

    Starbucks Corp said on Monday it will begin phasing out use of plastic straws at its restaurants by 2020, giving environmentalists a sizeable victory in their campaign to convince restaurants to abandon plastic utensils. The Seattle-based chain...

  • Satabank fined €60,500 by watchdog

    Satabank fined €60,500 by watchdog

    Satabank has been fined an administrative penalty of €60,500 after it was found to be in breach of risk management laws as outlined in the Banking Act, but sources confirmed this is unrelated to an ongoing probe. The penalty was announced last...

  • The equity markets in Q2, 2018

    Political noise remained elevated throughout the second quarter. The increase in trade tensions over the last month has become the key focus for markets. The US administration has implemented several new protectionist measures and is intent on...

  • The future of social democracy

    The future of social democracy

    Social democratic ideals have shaped Western Europe more than any other political movement to the right or the left. Many now take for granted the achievements brought about by a commitment to social welfare, the notion that the strong in society...

  • Limited-time offer on BNF Bank’s Flexi-Term Deposit Account

    For a limited time, customers applying for a one-year or three-year Flexi-Term Deposit Account from BNF Bank will benefit from advantageous rates of up to 1.25 per cent per annum and 1.75 per cent per annum respectively. Customers may opt to...

  • Shipping movements

    The following ships are expected in Malta: The CMA CGM Mozart from Koper to Port Said, the APL Oregon from Aliaga to Valencia (both CMA CGM Malta Agency Ltd), the MV Euroferry Olympia from Salerno to Salerno, the MV Eurocargo Malta from Livorno to...

  • So far not so good

    We started off the year with a solid outlook on global economic growth and strong corporate earnings growth, combined with a tailwind of low unemployment rates and expansionary monetary and fiscal policies. Yet, the first quarter was marked with a...

  • Timely filing of statements

    The timely publication of financial statements is not just an essential requirement for companies but also a vital necessity for investors who use income statements, balance sheets and cash flow statements as their basis for the analysis of the...

  • BDI, part of Hudson Group, extends Nike representation in Africa

    BDI, part of Hudson Group, extends Nike representation in Africa

    BDI, part of the Hudson Group, has extended its contract to represent Nike in 30 African countries until 2023. It will also extend its current warehouse facilities to continue developing its logistics hub in Malta, through which it serves...