Business

Increase In Regulated Companies Driving Senior Management Salaries Upwards

Recent market developments in Malta have continued to bring about an increase in salaries for senior management roles in regulated and large companies. These roles have expanded and become more…

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Facebook reveals major redesign and changes

Facebook CEO Mark Zuckerberg said the company plans to put privacy first and revealed a series of changes to the firm's portfolio of social platforms, including Instagram and Whatsapp.…

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British shunning holidays in EU amid Brexit uncertainty

Travel company Thomas Cook said that more people in UK are opting for destinations outside the European Union for their holidays compared to previous years in the face of a…

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Emirates sees pace of growth slowing

Emirates President Tim Clark said on Monday the airline’s last financial year has not been easy and that the company is not growing at its previous pace due to political…

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Lego introduces Lego Braille Bricks to help visually impaired children learn the language

This week, the Lego Foundation, which is funded by the Lego Group, the Danish toy company that makes the blocks, announced a new project that will repurpose the usual knobs…

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Marriott International launches its own ‘home rental service’ targeting Airbnb

Marriott International has become the first major hotel company to launch its own home rental service, taking aim at the business at the heart of Airbnb’s success. The world’s largest…

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Delays at Australian airports due to a computer outage

Passengers at international airports across Australia are experiencing delays caused by a computer systems outage. The delays through passport control were caused by a national outage of the SmartGate kiosk…

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Pilots demand better training for Boeing 737 MAX

Reuters reports that American Airlines pilots have warned that Boeing Co's draft training proposals for the troubled 737 MAX do not go far enough to address their concerns, according to…

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More SAS flight cancellations for Monday, Tuesday due to pilot strike

Scandinavian airline SAS has canceled a further 1,213 flights for Monday and Tuesday after pilots began their strike on Friday. Mediators say there are no signs of fresh negotiations and…

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Italian PM assures Huawei it won’t face discrimination

Italian Prime Minister Giuseppe Conte revealed he had assured China's Huawei Technologies that it would not face discrimination in the roll-out of Italy's 5G telecoms network. Conte was speaking on…

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Hopes fade for a new Alitalia investor

The Italian government dampened hopes that Alitalia could soon be rescued after denying media speculation that it had sought to tempt infrastructure group Toto Holding, which invested in a previous…

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S&P and Fitch warn UK still faces no-deal Brexit risk

Ratings agencies S&P Global Ratings and Fitch Ratings kept open the possibility of a further cut to Britain's credit status because of the continued risk of a no-deal Brexit, despite…

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1,200 persons set to lose job as Debenhams is set to close 22 stores, plans to close 50 by end of year

The new owners of Debenhams say they plan to shut up to 50 stores, placing thousands of jobs at risk, as they move to shore up the chain's future. The…

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TrueFibre – Go confirms commitment to be largest investor in Malta’s state-of-the-art digital infrastructure

During a press conference held on Thursday, in the presence of the Honourable Prime Minister, Dr Joseph Muscat, GO confirmed its commitment to being the largest investor in Malta’s state-of-the…

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Boeing MAX groundings effect Norwegian Air 2019 profit target

The grounding of Norwegian Air's fleet of Boeing 737 MAX aircraft may undo the carrier's plan to return to profitability this year, it said while posting a widening first-quarter loss…

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Boeing’s profit takes big hit after 737 MAX groundings

Boeing Co reported a 21 percent fall in first-quarter profit on Wednesday and suspended its 2019 outlook as the world's largest plane maker worked to get its 737 MAX…

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Slideshow: Swiss police presented with electric police cars

New electric cars of the police of canton St. Gallen are presented in St. Gallen, Switzerland, 24 April 2019. Within the next one and a half years, the police of…

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No increase in Saudi Arabian oil output for now

The Financial Times is reporting that Saudi Arabia will not rapidly ramp up its oil output after the US ended the sanctions waivers for buyers of Iranian crude. This was…

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Deutsche Bahn asks for expressions of interest in Arriva

Reuters is reporting that German railway operator Deutsche Bahn has asked potential suitors of its British unit Arriva to express their interest in the asset by May 3. Request was…

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UK to allow Huawei limited access to 5G networks

The Daily Telegraph reports that British Prime Minister Theresa May has approved Huawei's bid to help build Britain's 5G network, despite warnings about the risk posed to national security.…

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International Accountancy Event held in Malta… MIA hosts Accountancy Profession Strategic Forum

The Malta Institute of Accountants hosted the 2019 edition of the Accountancy Professionals Strategic Forum (APSF). Coordinated by the Institute of Chartered Accountants in England and Wales (ICAEW), the annual…

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Samsung delays public roll-out of Galaxy Fold phone

Smartphone maker Samsung Electronics Co Ltd announced it will delay the public roll-out of its Galaxy Fold without giving a new release date. The Galaxy Fold was meant to be…

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Tesla investigating exploding parked car incident in China

U.S. electric vehicle maker Tesla Inc on Monday said it had sent a team to investigate a video on Chinese social media which showed a parked Tesla Model S…

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One in seven pupils in the UK uses powerful illicit prescription drugs to sit GCSEs

A study has found for the first time that thousands of teenagers in the UK are risking their health by using powerful illicit prescription drugs to boost their performance in…

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On this day, 55 years ago, Nutella went in stores for the first time

The first jar of Nutella made its appearance on the shelves of Italian shops on April 20th, 1964. Fifty-five years of a successful world-wide success. The first jar of the…

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€2 million GO Ventures Fund for Tech Startups

“Although we have a very strong telecommunications and IT infrastructure, we also realise that one of the ways for us to continue driving innovation is to partner with dynamic entrepreneurs…

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Malta drops 12 places in World Press Freedom Index

In a large part of the world, journalists are facing increased hostility, but progress in Africa is a sign for hope. That's according to the latest World Press Freedom Index…

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First commercial 5G network launched in Europe

The first commercial 5G network was launched in Europe with a network that covers 50 Swiss cantons and includes the Switzerland's largest cities, such as Lausanne, Zürich, Geneva and the…

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EBA ends probe of Estonian, Danish regulators over Danske Bank

The European Banking Authority (EBA), the EU banking watchdog, terminated an investigation of financial regulators in Estonia and Denmark in relation to suspected money laundering activities by Danske Bank after…

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Microsoft Corp rejected requests to install facial recognition technology due to human rights concerns

Microsoft President Brad Smith revealed that Microsoft Corp recently rejected a California law enforcement agency’s request to install facial recognition technology in officers’ cars and body cameras due to human…

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Poland unlikely to exclude all Huawei equipment from its mobile networks

Poland is unlikely to exclude all Huawei equipment from its next generation mobile networks, a government minister told Reuters, in part to avoid increased costs for mobile operators. Huawei,…

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Court ruling paves way for £14bn lawsuit against Mastercard

A £14bn lawsuit against Mastercard for imposing charges on UK consumers has moved a step closer towards proceeding after a court reversed an earlier decision by the Competition Appeals Tribunal…

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Lufthansa issued profit warning resulting from rising fuel costs, excess seat capacity

Lufthansa has become the latest European airline to reveal it is suffering financial turbulence and said it would make a €336m loss for the first quarter of 2019. The German…

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Fire on an Air France aircraft at Florence airport

The quick intervention of the emergency service at the Vespucci Airport in Florence, Italy, brought a fire in the undercarriage of an Air France aircraft promptly under control. The aircraft…

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Business Forum For Businesses with French Interests

“Doing Business with France, then and in today’s environment” will be the theme of this year’s annual Business Forum being organised by the Maltese French Chamber of Commerce on Monday…

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EU countries back copyright reform

EU member states have given the final approval for copyright reforms in a bid to overhaul its two-decade old copyright rules. The clearing of this final hurdle ensures artists…

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Spanish transport strikes set to cause chaos for Holy Week

Two aerial transport workers unions have warned they will be striking in Spain this week. The USO and UGT unions went to Spanish airports and asked around 60,000 ground crew…

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Slideshow: Test day for the Eurofighter in Switzerland

An Airbus Eurofighter jet takes off during a test day at the Swiss Army airbase, in Payerne, Switzerland, as part of the process for the five types of combat…

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Gatwick drone attack was an inside job

The drone attack on Gatwick airport was an inside job carried out by someone who had a link into what was going on at the airport, Gatwick’s chief operating officer…

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Daimler in the spotlight again for cheating

Daimler confirmed it was facing a regulatory probe after a report said German authorities have uncovered a previously unknown type of pollution trickery software allegedly installed by the car giant…

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Hackers publish the personal details of hundreds of US law enforcement personnel

Hackers breached the web servers of multiple chapters of the FBI and published the names and addresses of hundreds of law enforcement personnel and thousands of other people online.…

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Over a 1,000 Jet Airways pilots to strike

Around 1,100 Jet Airways pilots, represented by the National Aviator’s Guild (NAG) have decided to stop working from today Monday, 15 April. According to the pilots, they have not been…

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Fatal air crash in Nepal

Three people have died in a plane crash in Nepal, at what is regarded as one of the world's most dangerous airports. The plane veered off the runway and hit…

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Spanish authorities seeking power to view calls made on phones of drivers involved in a crash

Spanish authorities are going be even more vigilant on drivers who use their cellphones at the wheel. El Pais reports that the Spanish Civil Guard, Bartolomé Vargas, a Supreme Court…

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Dutch coalition parties say Huawei must be kept out of 5G network

MPs from two of the four Dutch coalition parties - Christen-Democratisch Appèl (CDA) and Volkspartij voor Vrijheid en Democratie (VVD) - have said they do not want Chinese telecoms company…

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Another night of disruption at Brussels Airport

Once more, on Friday night the airspace above Belgium was closed again, for at least three hours, because of a lack of air traffic controllers. Airspace has been closed several…

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Fisher-Price recalls baby sleepers after fatalities

Toymaker Fisher-Price has recalled nearly five million of its 'Rock 'n Play Sleepers' after reports linked the product to dozens of baby deaths. Earlier this week, the American Academy of…

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Indian Jet Airways future in doubt…suspends all its international flights

Jet Airways, India's largest private airline, suspended all its international flights, raising fresh fears about it's survival. The airline, saddled with more than $1bn of debt, is seeking a financial…

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Fiat Chrysler ready for bold action to build solid future

John Elkann, the chairman of Fiat Chrysler, said on Friday he was ready for bold and creative decisions to help build a solid and attractive future for the carmaker. Speaking…

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British mother free to leave Dubai after Facebook insult

A British single mother arrested in Dubai for insulting her ex-husband’s new wife on Facebook, has been allowed to return to the UK. The campaign group Detained in Dubai reported…

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Microsoft teams up with colleges and universities to address the technical skills gap

Microsoft Corp. announced new partnerships with global higher education institutions to align and integrate Microsoft’s technical skills programs and credentials to help address the growing 21st century talent gap. The…

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Apple in Dutch antitrust spotlight

Apple, already the subject of EU antitrust scrutiny, became the target of a Dutch investigation for allegedly favouring its own apps on its popular App Store. The Netherlands Authority for…

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UniCredit risks EU antitrust fine

UniCredit is one of eight European banks that risk being fined by the European Commission for allegedly breaching EU competition rules, the Italian lender has said. The company said in…

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Amazon, Microsoft chosen to compete for Pentagon cloud computing contract

Amazon and Microsoft have been selected to continue competing for Pentagon cloud computing services as part of a contract that could be worth some $10 billion. "I can confirm that…

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HSBC appoints new CEO for Middle East, North Africa and Turkey

HSBC has appointed Martin Tricaud as new regional chief executive officer for the Middle East, North Africa and Turkey (MENAT) region, with effect from June, 1. He succeeds Georges Elhedery…

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ECB looking into Swedbank’s Estonian operations

The European Central Bank (ECB) is looking into Swedbank's Estonian operations, Swedish daily Dagens Nyheter reported on Wednesday, citing an undisclosed source. Sweden is not part of the eurozone but…

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Deadly shootout at Albania’s airport

A gang of thieves broke into Tirana International Airport and grabbed bags of cash as they were about to be loaded onto an Austrian Airlines plane flying to Vienna. As…

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