Business

Malta Institute of Accountants Biennial calls for a rethink of and reform in financial services

Rethinking and reforming the financial services industry was the underlying theme of the MIA Biennial Conference 2023, addressing the key areas that underpin the required reforms towards upgrading the competitiveness…

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Oil price falls as global backdrop outweighs Saudi output cut

Oil prices edged lower early on Tuesday, coming off gains made the previous day as concerns about the global economic backdrop outweighed supply worries raised when Saudi Arabia announced its…

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ECB’s Lagarde sees no peak in core inflation despite ‘moderation’

European Central Bank President Christine Lagarde on Monday acknowledged "signs of moderation" in core inflation in the euro zone but reaffirmed it was too early to call a peak in that…

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Qantas sees air fares slipping off highs as capacity returns

ISTANBUL, June 5 (Reuters) - Air fares are moderating as capacity returns to the global airline network after the pandemic, Qantas Chief Executive Alan Joyce said on Monday. Airlines have…

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OpenAI mulling Israel investment opportunities, Microsoft says

JERUSALEM, June 5 (Reuters) - OpenAI is considering investment opportunities in Israel, Microsoft Corp quoted the company's CEO, Sam Altman, as saying during a visit to the country on Monday.…

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Eurozone investor mood darkens due to ‘problem child’ Germany, survey finds

BERLIN, June 5 (Reuters) - Investors got more gloomy on prospects for the euro zone economy in June, dragged down by negative expectations for Germany, Europe's biggest economy, a survey…

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Signs of de-dollarisation emerging, Wall Street giant JPMorgan says

By Marc Jones LONDON, June 5 (Reuters) - Signs of de-dollarisation are unfolding in the global economy,strategists at the biggest U.S. bank JPMorgan said on Monday, although the currency should…

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Euro zone producer prices down for seventh month in April

BRUSSELS, June 5 (Reuters) - Euro zone producer prices fell for a seventh consecutive month in April, data showed on Monday, almost entirely due to declining energy prices. The European…

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France to provide 2.9 bln euros in aid for new STMicro/GlobalFoundries factory

By Dominique Vidalon and Sudip Kar-Gupta PARIS, June 5 (Reuters) - France said on Monday it will provide 2.9 billion euros ($3.10 billion) in state aid to help support an…

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Euro zone business growth slowed in May as factories struggled-PMI

LONDON, June 5 (Reuters) - Euro zone business activity was shored up last month by the bloc's dominant services industry offsetting a deepening decline in the manufacturing sector, according to…

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Lufthansa CEO says it’s premature to discuss possible takeover of Portugal’s TAP

By Joanna Plucinska and Tim Hepher ISTANBUL (Reuters) - Lufthansa's Chief Executive Carsten Spohr said on Sunday it was too soon to discuss the German airline group's potential interest in…

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UBS: takeover of Credit Suisse to close as early as June 12

By John Revill ZURICH, June 5 (Reuters) - UBS UBSG.S said on Monday it will complete its takeover of Credit Suisse CSGN.S "as early as June 12", creating a giant…

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Gold eases as firmer dollar offsets support from bets on Fed pause

Gold hovers near one-week lows U.S. dollar up 0.1% Asian shares extend global rally on Fed pause optimism By Kavya Guduru June 5 (Reuters) - Gold prices edged lower in…

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Oil up $1 on Saudi plan to deepen output cuts from July

WTI jumps as much as $3 in early trade, Brent gains over $2 Saudi Arabia to cut output on top of OPEC+ extensions OPEC+ meet, Saudi cut could boost oil…

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Companies like Microsoft can help manage migration: incoming UN migration chief

By Emma Farge 9th American Amy Pope set to lead UN migration agency Says Western asylum systems are 'completely overwhelmed' Mediterranean deaths are symptom of broader trend GENEVA (Reuters) -…

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The e-euro, the EU’s answer to crypto

In a bid to play catch up with technology companies and younger generations of consumers, central banks are finally starting to take digital currencies seriously. Countries such as Sweden, China,…

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Lufthansa’s ITA deal heralds more European airline tie-ups

Analysts see Europe heading to US-style consolidation Italy saw Lufthansa deal as only way forward But M&A could be a distraction amid stiff competition By Joanna Plucinska and Angelo Amante…

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Global airline summit to tackle travel boom, climate goals

By Tim Hepher, Joanna Plucinska and Aditi Shah ISTANBUL, June 2 (Reuters) - Airlines will ride the crest of a faster-than-expected recovery and discuss ways of translating climate pledges into…

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UK supermarket own-label sales growing twice as fast as branded goods – NIQ

LONDON (Reuters) - Sales of own-label products at British supermarkets have grown at double the speed of branded goods in 2023, data from market researchers NIQ showed, as customers adjust…

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Italy’s jobless rate falls slightly to three-year low

Italy's unemployment rate decreased marginally in April to reach its lowest level in three years, preliminary figures from the statistical office Istat showed this week.The seasonally adjusted jobless rate dropped…

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Passenger traffic at Italian airports exceeds pre-COVID levels for first time

MILAN (Reuters) - Monthly passenger traffic at Italian airports surpassed the pre-pandemic levels for the first time in April, the Italian airport operators association Assaeroporti said this week. Last month…

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03

Jun

Eni bets on agri-business in Africa to expand biofuel production

Eni aims to develop farming ventures in at least 9 countries Eni replicates upstream-downstream model with agri-business Eni to decide over new bio-refinery in Livorno by year-end By Francesca Landini…

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Portugal wants to keep strategic stake in TAP privatisation

LISBON, June 2 (Reuters) - Portugal wants to keep a strategic stake in state-owned airline TAP and will not offer all its capital in the upcoming privatisation, the secretary of…

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Malta’s Traffic and Cost of Living Top List of Concern for Maltese

The traffic situation and the cost of living are currently the top reasons for concern for most according to misco’s latest survey “Public Concerns”, a survey carried out to gauge…

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OPEC+ unlikely to agree bigger oil cuts on Sunday, sources say

By Maha El Dahan, Alex Lawler and Ahmad Ghaddar VIENNA, June 2 (Reuters) - OPEC and its allies are unlikely to decide on further oil supply cuts at a meeting…

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Renault customers to lodge criminal complaint in France over faulty engines

PARIS, June 2 (Reuters) - Renault could face prosecution in France over faulty engines as a group of customers plans to lodge a criminal complaint against the carmaker next week,…

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Spain’s May jobless falls 1.77% from April to 2.74 mln

June 2 (Reuters) - The number of people registering as jobless in Spain fell by 1.77% in May from a month earlier, or by 49,260, leaving a total of 2.74…

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Ryanair’s monthly traffic hits record high in May

DUBLIN, June 2 (Reuters) - Ryanair I flew a record 17 million passengers in May, its highest for a single month and a 10% increase from a year earlier, the…

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World food prices fall to two-year low in May – UN food agency

PARIS, June 2 (Reuters) - The United Nations food agency's world price index fell in May to its lowest in two years, as sharp falls in prices of vegetable oils,…

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ECB’s Panetta: End of rate-hike cycle not far off

BERLIN, June 2 (Reuters) - European Central Bank board member Fabio Panetta is expecting further hikes in interest rates but says the end of the cycle is in sight, according…

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Spain expects more summer tourists than before pandemic

MADRID, (Reuters) - Spain expects to receive more tourists in the summer of 2023 than before the COVID-19 pandemic, after international tourist arrivals for April were 1.2% higher than in…

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Florence wants to ban Airbnb rentals apartments from city centre

By Federica Urso and Federico Maccioni ROME, (Reuters) - Florence wants to ban residential properties in its historic centre from being used for short-term rentals by platforms such as Airbnb…

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Gold eyes best week in nearly 2 months on Fed pause hopes

Bullion has gained 1.7% so far in the week Silver set to snap three consecutive weeks of declines Current gold mkt sentiment remains constructive - analyst Platinum, palladium set for…

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Oil prices rise as Congress approves US debt ceiling bill

By Andrew Hayley BEIJING, June 2 (Reuters) - Oil prices rose on Friday amid bullish sentiment following the passage of a U.S. debt ceiling bill in Washington, while markets weighed…

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UK firms plan lower price rises in next 12 months: BoE survey

By David Milliken LONDON, June 1 (Reuters) - British businesses expect to raise both output prices and wages at a slower pace over the coming year than they did a…

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Euro zone inflation drops more than expected in relief for ECB

By Balazs Koranyi FRANKFURT, June 1 (Reuters) - Euro zone inflation eased more than expected last month as underlying price growth also slowed, backing arguments for only cautious further rate…

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Swiss gold exports fall to 10-month low amid sky-high prices

LONDON, June 1 (Reuters) - Swiss gold exports fell to their lowest in ten months in April as shipments to India, China and Turkey shrank, Swiss customs data showed. The…

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Airline SAS predicts busy summer as loss shrinks

STOCKHOLM, June 1 (Reuters) - Scandinavian airline SAS expects a "busy summer season", it said on Thursday as it reported a reduced second-quarter pretax loss. The airline, which sought bankruptcy…

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ECB nearing end of tightening cycle but final stretch remains, De Guindos says

MADRID, June 1 (Reuters) - The European Central Bank (ECB) has gone through most of its monetary policy tightening to bring inflation back to its medium-term target of 2%, though…

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Euro zone factory downturn deepens in May despite price cuts

LONDON, June 1 (Reuters) - The downturn in euro zone manufacturing activity deepened in May as demand slumped despite factories cutting prices for the first time since September 2020, according…

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Vivian Appoints Zampa Debattista As Financial Advisors

Vivian, a leading local pharmaceutical importer and distributor, announces the appointment of Zampa Debattista, a growing firm of accountants, auditors, and tax advisors, as its new financial advisors, a strategic…

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Oil rises on potential U.S. rate hike pause, debt bill passing

By Arathy Somasekhar and Andrew Hayley BEIJING, June 1 (Reuters) - Oil prices rose on Thursday, reversing earlier losses, as a potential pause in U.S. interest rate hikes and the…

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Gold prices range-bound as traders measure Fed policy path

Dollar retreats as Fed pause eyed Gold prices could go up to $1,980 level - analyst Silver, platinum, palladium edge higher By Arundhati Sarkar June 1 (Reuters) - Gold prices…

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May