21

Oct

Holiday Inn owner IHG’s Q3 room revenue tops pre-pandemic levels

Oct 21 (Reuters) - Holiday Inn owner IHG said on Friday its third-quarter hotel room revenue jumped from year-ago numbers and has also exceeded pre-pandemic levels, buoyed by higher room…

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21

Oct

Amazon files legal complaints in Italy, Spain against fake review brokers

MILAN, Oct 21 (Reuters) - U.S. e-commerce giant Amazon said on Thursday it had filed legal complaints in Italy and Spain as it steps up efforts globally to shut down…

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21

Oct

Texas sues Google for allegedly capturing biometric data of millions without consent

WASHINGTON, Oct 20 (Reuters) - Texas has filed a lawsuit against Alphabet's Google for allegedly collecting biometric data of millions of Texans without obtaining proper consent, the attorney general's office…

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21

Oct

Adidas cuts 2022 outlook on weaker demand, Russian exit

FRANKFURT (Reuters) - German sporting goods maker Adidas cut its full-year guidance, citing weaker expectations for China, lower demand in major Western markets and one-off expenses related to its exit…

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21

Oct

Zara UK customers offered in-house swap, mend and donate service

MADRID, Oct 21 (Reuters) - Zara said on Friday it would launch an in-house service for UK customers to sell pre-owned clothes, repair or donate them, moving the Spanish brand…

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20

Oct

German online bank N26 to launch crypto trading in Austria

FRANKFURT, Oct 20 (Reuters) - German online bank N26 said on Thursday it would begin allowing some customers in Austria to trade cryptocurrencies, in its first foray into the asset…

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20

Oct

Tesla flags its cars not ready to be approved as fully self-driving this year

Oct 20 (Reuters) - Tesla Inc's advanced driver assistant software won't gain regulatory approval in 2022, CEO Elon Musk said in remarks which indicate the company is not yet able…

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20

Oct

Britain’s ASOS to overhaul business model after profit slump

LONDON (Reuters) - ASOS, the one-time British poster child for the shift to online fashion retailing, will overhaul its business model after the economic crunch and a string of operational…

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19

Oct

Netflix targets global TV ad market as next business to disrupt

Oct 19 (Reuters) - Netflix Inc NFLX.O upended the global entertainment industry about a dozen years ago with a streaming video service that rendered network television programming schedules and movie…

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19

Oct

Deliveroo to quit Dutch market on Nov. 30

AMSTERDAM, Oct 19 (Reuters) - Deliveroo, the meals ordering and delivery company, said it would halt operations in the Netherlands as of Nov. 30 with its riders in the country…

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18

Oct

MIA highlights its vision in meeting with Shadow Minister for Finance

Following up the meeting with Minister of Finance Clyde Caruana, the Malta Institute of Accountants has met with Shadow Minister for Finance, MP Jerome Caruana Cilia in another opportunity through…

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17

Oct

Kanye West to buy social media app Parler

Oct 17 (Reuters) - Parlement Technologies, the parent company of social media app Parler, said on Monday that it will be acquired by rapper Kanye West, who legally changed his…

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17

Oct

Aldi to recruit 1,000 workers in Spain

MADRID, Oct 17 (Reuters) - German discount supermarket chain Aldi said on Monday it is looking to recruit 1,000 workers in Spain during the last quarter of the year, ahead…

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17

Oct

UPDATED: Pilots at Lufthansa’s Eurowings three-day strike begins Monday

Pilots at Lufthansa's  budget airline Eurowings will start a three-day strike on Monday after talks failed, pilots' union Vereinigung Cockpit (VC) said, confirming action that could affect thousands of the…

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16

Oct

Cisco partners with Microsoft to add Teams to its meeting devices

 (Reuters) - Networking firm Cisco Systems Inc. will add Microsoft Corp.'s Teams messaging app to its meeting devices, the two firms said this week, offering users an alternative to its…

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16

Oct

Eurowings says majority of passengers to reach destinations despite strike

FRANKFURT, Oct 16 (Reuters) - Lufthansa's budget division Eurowings said on Sunday that more than half of its passengers will reach their planned destinations despite a pilots strike planned for…

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15

Oct

Microsoft publishes new report on holistic insider risk management

The risk landscape for organizations has changed significantly in the past few years. The amount of data captured, copied, and consumed is expected to grow to more than 180 zettabytes…

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14

Oct

Danone to shed Russian dairy business with 1 billion euro write-off

PARIS, Oct 14 (Reuters) - French food company Danone DANO.PA will shed control of its dairy food business in Russia in a deal that could lead to a write-off of…

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14

Oct

Lufthansa CEO sees sector growth buoyed by pickup in travel demand

FRANKFURT, Oct 14 (Reuters) - The re-opening of Japan to tourists and a rise in demand for business travel will keep the aviation sector growing, Lufthansa's chief executive said, though…

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14

Oct

Malta Development Bank and MCST launch Go-To-Market Scheme

The Malta Development Bank and the MCST have launched the Go-To-Market Scheme, with a budget of more than 1.5 million euro, aimed at supporting businesses on projects related to research…

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14

Oct

Royal Mail could cut 5,000-6,000 jobs by next August

Oct 14 (Reuters) - Royal Mail could cut as many as 5,000 to 6,000 jobs by the end of August next year, parent company International Distributions Services IDSI.L said on…

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13

Oct

Thyssenkrupp steel boss: energy crisis ‘hitting us hard’

DORTMUND, Germany, Oct 13 (Reuters) - Thyssenkrupp's steel division, Europe's second-largest, is feeling the impact of soaring energy prices and welcomes this week's proposal by an expert commission to cap…

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13

Oct

IKEA reports record sales as price hikes offset weakening consumer confidence

STOCKHOLM, Oct 13 (Reuters) - Budget furniture giant IKEA reported record high annual sales on Thursday as price hikes and easing effects from the pandemic made up for supply shortages,…

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13

Oct

Easyjet CEO: Demand has not dropped but there is ‘uncertainty’

LONDON, Oct 13 (Reuters) - British airline easyJet said demand was still resilient as customers prioritised holidays, but there was uncertainty in the market as cost of living pressures increased.…

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13

Oct

Ryanair slashes Berlin winter schedule, blaming high airport fees

BERLIN, Oct 13 (Reuters) - Ryanair announced a 40% cut to its winter 2022 schedule to and from Berlin airport on Thursday based on pre-pandemic levels, blaming the decision on…

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13

Oct

Google approves Trump’s Truth Social for Play Store

(Reuters) - Alphabet Inc's Google has approved former U.S. President Donald Trump's social media app Truth Social for distribution in the Google Play Store, a company spokesperson said. Trump Media…

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12

Oct

Mercedes-Benz and Microsoft collaborate on supply chain data platform

BERLIN, Oct 12 (Reuters) - Mercedes-Benz and Microsoft announced a partnership on Wednesday using Microsoft Cloud for a data platform intended to improve production efficiency at over 30 passenger car…

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12

Oct

Twitter reviews policies around permanent user bans – FT

Oct 12 (Reuters) - Twitter Inc is reviewing its policies around permanently banning users, possibly bringing its content moderation in line with Elon Musk's vision for the social media platform,…

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12

Oct

Focal Maritime to provide extensive logistics services under new strategic plan

Company celebrates 25th anniversary as it announces major governance changes Local maritime and logistics company Focal Maritime has announced a new strategic plan for the years ahead in which it…

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12

Oct

Intel plans to cut thousands of jobs hit by PC slowdown – Bloomberg News

 (Reuters) - Chipmaker Intel Corp is planning a major reduction in headcount, likely numbering in the thousands, in the face of a slowdown in the personal computer market, Bloomberg News…

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10

Oct

Gazprombank to discontinue Swiss operations

ZURICH, Oct 10 (Reuters) - Russia's Gazprombank has decided to cease operating in Switzerland after "a strategic review of various options", it said on Monday. The bank had been one…

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10

Oct

Amazon.com to invest over 1 bln euros in European electric van, truck fleet

LONDON, Oct 10 (Reuters) - Amazon.com Inc said on Monday it will invest more than 1 billion euros ($974.8 million) over the next five years in electric vans, trucks and…

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10

Oct

Renault plans network of EV charging stations along European motorways

PARIS, Oct 10 (Reuters) - Renault plans to build a network of charging stations for electric cars along motorways across Europe, the French carmaker's e-mobility services unit said on Monday.…

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08

Oct

Accountants call for focus on competitiveness and sustainability in Budget 2023

Budget 2023 should focus on initiatives which enhance Malta’s competitiveness and sustainability, the Malta Institute of Accountants said in its pre-budget proposals and other tax related matters. These proposals were…

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06

Oct

Honda to cut car output at two Japanese plants in October

TOKYO, Oct 6 (Reuters) - Honda Motor Co said on Thursday it would reduce car output by up to 40% at two Japanese plants for the rest of October from…

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06

Oct

Microsoft, Planet and The Nature Conservancy launch the Global Renewables Watch

Microsoft Corp., Planet Labs PBC and The Nature Conservancy announced its plans to launch the Global Renewables Watch (GRW), a first-of-its-kind living atlas intended to map and measure all utility-scale…

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06

Oct

Aldi UK to recruit 3,000 ahead of festive season

LONDON, Oct 6 (Reuters) - The British arm of German discounter Aldi said on Thursday it was looking to recruit 3,000 workers ahead of the festive trading period. Privately owned…

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06

Oct

Hundreds of flights likely to be affected by Eurowings pilot strike

BERLIN, Oct 6 (Reuters) - Hundreds of flights by Lufthansa's budget airline Eurowings are expected to be cancelled on Thursday as pilots hold a one-day strike after several rounds of…

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05

Oct

The Imperial Promotes Healthy Living

According to the World Health Organisation’s latest statistics, by 2030, 1 in 6 people in the world will be aged 60 years or over. At this time the share of…

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05

Oct

About 30,000 passengers likely to be affected by Eurowings pilot strike

BERLIN, Oct 5 (Reuters) - About 30,000 passengers will likely be affected by a one-day strike by pilots at Eurowings on Thursday, said Lufthansa's budget airline, which added that it…

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05

Oct

Maersk orders six more vessels fuelled by carbon neutral methanol

OSLO, Oct 5 (Reuters) - Container shipping firm A.P. Moller-Maersk MAERSKb.CO said on Wednesday it has ordered six additional vessels able to run on carbon neutral methanol, taking its order…

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05

Oct

Apple forced to change charger in Europe as EU approves overhaul

BRUSSELS (Reuters) - Apple  will have to change the charger for its iPhones in the European Union from autumn 2024 to comply with new rules introducing a single charging port…

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05

Oct

UPDATED: STMicroelectronics wins European Commission backing for Italy plant

Oct 5 (Reuters) - The European Commission on Wednesday approved Italian state aid for STMicroelectronics which plans to build a plant the company says will create around 700 jobs. The…

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05

Oct

HSBC taps JP Morgan for potential Canada exit -source

TORONTO  (Reuters) - HSBC is working with JPMorgan Chase & Co as the UK lender reviews its Canada business for a potential sale, a source familiar with the matter told…

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04

Oct

Nestle revamps coffee sustainability plan as climate challenges mount

Food giant Nestle pledged on Tuesday to spend over 1 billion Swiss francs ($1.01 billion) by 2030 on efforts to source coffee sustainably, more than double its previous pledge, as…

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04

Oct

Institute of Accountants holds 58th AGM, seven members elected to Council

The Malta Institute of Accountants held its 58th Annual General Meeting on 30th September 2022, at the MIA’s Head Office, during which seven of its members were elected to its…

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04

Oct

Motherwell Bridge wins crane assembly, staffing
contracts at major container terminals

Motherwell Bridge Industries, the Malta-based engineering company, has won contracts for crane assembly and specialist team deployment at major container terminals for Finnish lifting specialist Konecranes in Scotland, Germany, Belgium,…

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03

Oct

A Maritime Court is necessary and consistent with  the Country’s Aspirations to remain a Centre of Excellence – the Malta Maritime Forum

The Malta Maritime Forum has expressed support to a call made by Chief Justice Mark Chetcuti for the exclusive jurisdiction of the Civil Court (Commercial Section) to be extended to cover…

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02

Oct

United Airlines to halt service at New York’s JFK airport in October

WASHINGTON (Reuters) - United Airlines  said on Friday it will suspend service in late October to New York's John F. Kennedy Airport (JFK). Earlier this month, United had threatened to…

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30

Sep

GO With First Ever Library of Maltese TV Content

Today marks the official launch of GO’s new Maltese television channel TOKIS, the first ever library of local television content, which to date already features over 1000 hours of Maltese…

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29

Sep

Finnair to cut up to 200 jobs

Sept 29 (Reuters) - Finnair will cut up to about 200 jobs globally in a move to restore profitability shattered by the Russian airspace closure, the Finnish airline said on…

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29

Sep

Lindt wins chocolate bunny battle in Swiss court

ZURICH, Sept 29 (Reuters) - Lindt & Spruengli's foil-wrapped chocolate bunnies deserve protection from copycat products, Switzerland's highest court ruled on Thursday, and ordered German discounter Lidl to stop selling…

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29

Sep

HSBC to review Canary Wharf tower HQ, consider new London base

LONDON, Sept 29 (Reuters) - HSBC will undertake a review of whether to keep its global headquarters in London's Canary Wharf financial district, according to a memo sent to staff…

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28

Sep

Lego posts strong growth on robust demand, new store openings

COPENHAGEN, Sept 28 (Reuters) - Lego on Wednesday posted double-digit sales growth in the first half of the year, driven by new store openings and robust demand for its colourful…

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28

Sep

Microsoft says it’s boosted phishing protection in Windows 11

In the latest version of Windows 11, namely 22H2, Microsoft has introduced a feature in its Defender SmartScreen tool designed to, hopefully, keep passwords safer. The enhanced phishing protection automatically…

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28

Sep

Eurostar London terminal capacity down 30% after Brexit, says CEO

LONDON, Sept 28 (Reuters) - Eurostar's peak capacity in London has fallen by 30% due to post-Brexit checks on travellers using the high-speed rail link between Britain and mainland Europe,…

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28

Sep

“ESG should be about tangible action towards a fair and better society” – accountants

The Malta Institute of Accountants’ Young Members Focus Group tackles regulatory and practical implications of ESG ESG is not simply a trend which enhances a company’s CSR offering. It is…

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