German carmaker BMW said on Thursday that its operating profit for 2020 fell due to spring shutdowns to slow the spread of the coronavirus pandemic, despite a strong second-half rebound in sales, particularly in China.
The premium carmaker posted a full-year 2020 pre-tax profit of 5.2 billion euros ($6.22 billion), down nearly 27% from 7.2 billion euros in the prior year. BMW ended the year with free cash flow of 3.4 billion euros, higher than in 2019 despite widespread lockdowns.
A delegation of Italian lawmakers has traveled to Libya to explore potentially ramping up energy trade with the war-torn country to fill the gap caused by the war in the Persian Gulf.
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MEPs David Casa and Marit Maij have struck a united front in defence of the European Social Fund (ESF), warning against proposals that could weaken the EU’s main instrument for social in...
Updated 1040
Morning Briefing
White Rocks Regeneration to Create Major Public Green Space After Waste Clearance: Environment Minister Miriam Dalli said the regeneration of White Ro...
Morning Briefing
Tax Case Against Christian Borg Dropped Following SettlementCriminal proceedings against car dealer Christian Borg have been halted after a settlement with the tax a...
The European Parliament has thrown its weight behind demands for a bigger long-term EU budget, approving its position for negotiations on the bloc’s next seven-year financial framework f...
Disinformation is no longer spreading only through fringe actors or political agitators, but through a digital system that rewards outrage, sensationalism and engagement above accuracy, ...
Airbnb and Expedia joined a growing list of travel companies warning that the Middle East conflict is weighing on demand, as hostilities in the region enter their third month.
Both c...
Emirates has unveiled a new special livery featuring the UAE flag across the fuselage of one of its iconic Airbus A380 aircraft, in a tribute to national unity and pride.
The new desi...
“A company’s workplace culture praised by management, needs to be taken with caution. But when the recognition comes directly from employees, that carries greater weight,” says JONATHAN ...
EU lawmakers have approved new rules aimed at strengthening how failing banks are managed, extending protections to a wider range of institutions and depositors across the bloc.
The p...
The regeneration project of Birgu’s main square by Studjurban completed last year, gained further international attention with a Special Mention award at the internationally recognised A...
Malta Public Transport has launched a new digital signage system across key transport hubs in Malta and Gozo, providing passengers with real-time travel information. The system has been ...
The United States launched what it described as “self-defense” strikes against Iranian military targets after three US Navy destroyers came under attack in the Strait of Hormuz, sharply ...
French shipping giant CMA CGM reported that its vessel San Antonio was attacked while passing through the Strait of Hormuz, leaving several crew members injured and the ship damaged. The...
Thousands of Cuban security personnel have begun leaving Caracas after nearly two decades in Venezuela, as Washington ramps up efforts to dismantle the long standing alliance between the...
María Corina Machado is a prominent figure in Venezuela’s opposition. She has reported that one of her closest associates, Juan Pablo Guanipa, was abducted. This occurred mere hours afte...
Ukraine struck Russia’s oil infrastructure in the Black Sea port city of Tuapse for the third time in a month, local authorities said Tuesday.
The city, which declared an environmenta...
Russian forces have taken 1,700 square km (656 square miles) of territory in Ukraine this year and are advancing on its so-called fortress belt in Donbas, Moscow's top general said whil...
