24

Mar

TUI to shut 48 more shops in UK as travel crisis deepens

Holiday company TUI said it would shut 48 retail stores across Britain, adding to the 166 it has already closed there during the pandemic. The shop closures will mean additional…

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24

Mar

Germany creates bridge between blockchain and euro

German authorities have developed technology allowing investors to buy and sell securities on the blockchain in return for central bank money, bridging a gap between two worlds that once seemed…

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24

Mar

British should get their summer holiday in Europe, Ryanair’s O’Leary says

Ryanair is reasonably confident that British tourists will be taking holidays across Europe in June, July and August, a ray of hope for the tourism industry amid gloom over a…

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24

Mar

Pope orders salary cuts for cardinals, clerics, to save jobs of ordinary employees

Pope Francis has ordered cardinals to take a 10 percent pay cut and reduced the salaries of other clerics working in the Vatican in order to save jobs of ordinary…

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24

Mar

Elon Musk says Tesla vehicles can now be bought using bitcoin

Tesla Inc chief Elon Musk said on Wednesday the company's electric vehicles can now be bought using bitcoin and the option will be available outside the United States later this…

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22

Mar

Barclays expands private bank to France and Italy

Barclays has expanded its private banking business to France and Italy as it seeks to grow its European wealth business in the wake of Britain's exit from the European Union.…

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22

Mar

China seeks to rein in mobile apps’ collection of personal data

China's cyber watchdog said on Monday mobile app providers cannot deny users basic access to their services even if they decline to share non-essential personal information, in the government's latest…

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22

Mar

Spain hopes number of foreign tourists will rebound to half pre-pandemic level this year

Spain hopes the number of foreign tourists visiting its sun-kissed islands and picturesque villages can rebound this year to half pre-pandemic levels, Tourism Minister Reyes Maroto said on Monday. "Maybe…

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22

Mar

German economy is slumping on anti-virus curbs, Bundesbank says

The German economy is likely to shrink sharply this quarter as pandemic-fighting curbs hit the services sector and even the booming construction industry slows, the Bundesbank said on Monday. In…

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22

Mar

A year of Covid lockdowns has cost the UK economy £251bn

A year of Covid-19 lockdowns has cost the UK economy £251bn – the equivalent of the entire annual output of the south-east of England or nearly twice that of Scotland,…

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21

Mar

UAE approves programme to attract remote workers

The federal cabinet of the United Arab Emirates approved a new system allowing professionals to reside in the Gulf state while working remotely for employers abroad, a scheme that the…

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21

Mar

Facing public pressure, palm oil firms are going green

Of the seven commodities sectors driving deforestation, palm oil companies are doing the most to alleviate their environmental impact following years of public pressure, a study by a global environmental…

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21

Mar

Twenty years on, EU turns cold on Mercosur trade deal

As the European Union looks forward to a fresh start with the United States under a new president, it is riddled with doubts over another transatlantic relationship. A trade pact…

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21

Mar

Global warming could cut over 60 countries’ credit ratings by 2030, study warns

A new algorithm-based study by a group of UK universities has predicted that 63 countries – roughly half the number rated by the likes of S&P Global, Moody’s and Fitch…

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21

Mar

McDonald’s Digital Innovation Showcased At Reopened MIA Restaurant

McDonald’s has reopened its restaurant at Malta International Airport following a refurbishment project which encompassed considerable investment in digital solutions designed to elevate customer experience. The restaurant now features McDonald’s…

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19

Mar

British Airways considers selling its headquarters

British Airways said it was considering selling its headquarters building because of a switch to homeworking during the pandemic means it may no longer need so much office space. The…

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19

Mar

SOCAR Trading pushes into LNG-to-power, to open carbon division

Azerbaijan’s SOCAR Trading has set up a team to develop integrated LNG-to-power projects and aims to establish a carbon division this year, executives at the firm said. Owing to their…

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18

Mar

More Britons return to offices after schools reopen

More British people returned to offices after schools in England reopened, but there were falls in consumer spending and ships calling at British ports, weekly official figures on the impact…

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18

Mar

Britain sets long-term conditions to expand fibre broadband

Britain said on Thursday it would create the conditions for BT to invest billions of pounds in rolling out full-fibre broadband nationwide by giving it flexibility on the pricing of…

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18

Mar

Britain to shake up how companies are run and audited

Britain proposed weakening the market grip of "Big Four" auditors on Thursday and making company directors responsible for spotting fraud after the collapses of retailer BHS and builder Carillion. Directors…

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18

Mar

German economy likely to return to pre-crisis levels in 2021 – IfW

The German economy will likely grow by 3.7% in 2021 and reach its pre-crisis levels before year-end, the IfW economic institute said on Thursday, as the progress of the vaccination…

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18

Mar

BMW expects at least half of sales to be electric cars by 2030

BMW expects at least half of its sales to be zero emission vehicles by 2030, setting a more conservative target than some rivals in the race to embrace cleaner driving.…

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18

Mar

Irish assets worth 100 billion euros left London due to Brexit

Securities settlement for Irish assets worth more than 100 billion euros ($119 billion) has left London for the European Union in the latest adjustment in markets to Brexit. Pan-European exchange…

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18

Mar

Morgan Stanley says Europe’s summer holiday is in peril

Europe could be looking at another lost summer tourist season as COVID-19 cases are rising and the vaccine rollout has been so slow, threatening a major hit to the economies…

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18

Mar

Boss of UK travel chain Hays says signs for summer are encouraging

The head of Britain's largest independent travel agent, Hays, said on Thursday that there were encouraging signs that international travel would be able to resume for people to go on…

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18

Mar

Oil falls a fifth day lower after U.S. inventories rise

Oil prices dropped for a fifth straight day on Thursday after official data showed a sustained rise in U.S. crude and fuel inventories, while the ever-present pandemic clouded the demand…

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15

Mar

H&M sales recover in March as stores reopen after lockdown

Sales at fashion group H&M fell slightly less than expected in the three months through February and rose in the first half of March as pandemic restrictions were eased in…

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15

Mar

Italy will hike budget deficit by further 20-30 billion euros

Italy will increase this year's budget deficit by a further 20-30 billion euros ($35.78 billion) to finance measures to support the economy hit by the coronavirus crisis, Economy Undersecretary Claudio…

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15

Mar

Hand gel and more casual clothes enter UK’s post-COVID price index

Hand gel, dumbbells and men's loungewear bottoms are joining Britain's official consumer price index this month, reflecting the impact of COVID on the country's shopping habits. British people have bought…

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15

Mar

Danone board ousts boss Faber after activist pressure

Danone said on Monday that Emmanuel Faber would step down as chairman and CEO, ejected by the group's board after the Activia yoghurt maker faced growing calls from some shareholders…

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15

Mar

Malaysian rubber glove group says demand to outstrip supply until 2023

Malaysia, the world’s biggest rubber gloves manufacturer, is racing to increase production to close a supply gap caused by the coronavirus pandemic that it warns could last until into 2023.…

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15

Mar

Maduro seeks to speed up digital payments as Venezuela runs out of cash

Venezuelan President Nicolas Maduro is pressing banks to implement digital payment systems as hyperinflation prompts chronic shortages of cash in the bolivar currency, three people familiar with the talks told…

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15

Mar

VW to cut up to 4,000 jobs via early retirement

Carmaker Volkswagen plans to cut up to 4,000 jobs at its plants in Germany by offering early or partial retirement to older employees in a move that could cost several…

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15

Mar

Bitcoin takes breather after retreat from record near $62,000

Bitcoin consolidated around $60,000 on Monday, taking a breather from the weekend's record high as investors prepared for inflation worries and U.S. stimulus spending to propel it even higher. The…

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15

Mar

Brent crude heads toward $70 as China energy demand outlook brightens

Oil prices rose on Monday, with Brent heading toward $70 a barrel, as data showed China's economic recovery accelerated at the start of 2021, boosting the energy demand outlook at…

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13

Mar

Thyssenkrupp to cut additional 750 jobs at steel division

Thyssenkrupp announced this week it would cut a further 750 jobs at its steel division to soften the impact of the coronavirus crisis, weeks after talks to sell the unit…

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13

Mar

Web Summit to license conference software, U.N. first customer

The organisers of Europe's biggest technology conference, Web Summit, said they would start licensing out their conference software, with the United Nations as their first customer. Launched in Dublin in…

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13

Mar

African economies likely to rebound 3.4% this year

African economies are expected to grow by an average of 3.4% this year, the African Development Bank said, as the continent recovers from its worst contraction in half a century.…

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13

Mar

Bitcoin hits record high; trades as high as $59,755 on Saturday

Bitcoin, the world's biggest cryptocurrency, on Saturday reached a record high, trading up to $59,755. Bitcoin is up more than 2% from its previous year high of $58,354.14 on Feb.…

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12

Mar

Euro zone economy won’t turn corner before autumn: ECB’s Vasiliauskas

Struggling under the third wave of the COVID-19 pandemic, the euro zone economy will need at least until the autumn to turn a corner, outgoing Lithuanian central bank chief Vitas…

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12

Mar

UK economy shrank by less than expected 2.9% in January

Britain's economy shrank by a less severe than expected 2.9% in January from December as the country went back into a coronavirus lockdown, official data showed on Friday. Economists polled…

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12

Mar

PwC survey ranks post-Brexit UK fourth most favoured investment destination, overtaking India

Post-Brexit Britain has overtaken India to become the fourth most favoured investment destination according to a survey of chief executives of more than 5,000 companies, PricewaterhouseCoopers Chairman Bob Moritz said…

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12

Mar

UK exports to EU slump in first month of new Brexit trade ties

Exports and imports from Britain to the European Union plunged during the first month of the country's new trade relationship with the bloc, according to data published on Friday with…

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12

Mar

GO p.l.c. recommends €0.16c in Dividend, Despite Challenging Year

With a total shareholder return averaging 8.31% over the past 5 years, GO remains one of the best performing publicly listed companies in Malta. It has consistently delivered shareholder returns…

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12

Mar

Brent crude eases, but stays near $70 as demand optimism lends support

Brent crude prices eased on Friday but hovered near $70 a barrel as production cuts by major oil producers constrained supply, with optimism about a recovery in demand for the…

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12

Mar

Gold eases on firmer U.S. yields, but set for best week in 7

Gold prices retreated on Friday as firmer U.S. bond yields and a strong dollar weighed on the metal, but bullion was on course for its biggest weekly gain in seven.…

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11

Mar

BMW 2020 profit takes pandemic hit

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…

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11

Mar

Swiss government forecasts economy will grow by 3% in 2021

Switzerland's economy will bounce back from its coronavirus-driven downturn to grow by 3% in 2021, the government said in its latest forecasts on Thursday, although it expects a weak start…

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11

Mar

Hugo Boss expects gradual recovery

German fashion house Hugo Boss expects coronavirus restrictions to keep weighing on its business in the first quarter, but forecast a gradual recovery from the second quarter, helping sales and…

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11

Mar

Italian insurer Generali posts record operating profit despite COVID

Italy's biggest insurer Generali is confident it can achieve targets set for this year after posting a record operating profit for 2020 despite the impact of the COVID emergency, the…

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11

Mar

John Lewis to shut more stores

Britain's John Lewis Partnership will not re-open a "small number" of department stores when the COVID-19 lockdown ends in areas where it considers there are not enough customers, its department…

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11

Mar

Facebook launches Instagram Lite in 170 lower bandwidth countries

Facebook announced it was launching a "lite" version of Instagram in 170 countries that will enable people with poor internet to access the photo and video sharing social networking service.…

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11

Mar

H&M says one fifth of stores still shuttered by pandemic

Around 1,050 of H&M's around 5,000 stores remain temporarily closed due to the COVID-19 pandemic and government measures to stop it, a spokesman at the Swedish group said on Thursday.…

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11

Mar

EU study finds COVID-19 has already wiped out 6 million jobs

The first wave of the COVID-19 pandemic wiped out some 6 million jobs in the European Union, according to a study released on Thursday, with temporary contractors, young and female…

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11

Mar

Australia unveils $928 mln COVID-19 stimulus package for tourism industry

The Australian government unveiled a A$1.2 billion ($928 million) tourism support package on Thursday, aimed at boosting local travel while international routes remain closed because of the coronavirus pandemic. The…

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11

Mar

Total, Microsoft to cooperate on net zero emissions

French energy group Total and U.S. software giant Microsoft announced on Thursday a partnership to work together on reaching net zero emissions, as companies around the world strive for more…

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11

Mar

Budget airlines seek EU sustainable fuel quotas for all flights

Ryanair, Easyjet and other low-cost airlines have written to the European Union asking that its plan to force carriers to use a certain share of sustainable fuels apply to all…

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