Economia.Expert

Britain’s Next buys 25% stake in rival Reiss

British clothing retailer Next has agreed to acquire a 25% stake in upmarket smaller rival Reiss and has an option to take its holding to 51%, it said on Wednesday.…

Read More Here

Apple to set up silicon design centre in Germany, invest 1 billion euros

Apple said on Wednesday it would establish a European silicon design centre in Munich, Germany, and invest more than 1 billion euros ($1.2 billion) over the next three years in…

Read More Here

New Adidas strategy to push online sales, sustainability

German sportswear company Adidas aims to double its e-commerce sales by 2025 and make its products more sustainable as part of a five-year strategic plan to lift profitability closer to…

Read More Here

PayPal brings its ‘buy now, pay later’ offer to Australia

PayPal Holdings Inc will launch its "buy now, pay later" (BNPL) option in Australia this June, the U.S. payments giant said on Wednesday, muscling in further on Afterpay Ltd and…

Read More Here

Lockdown brings double digit growth to Lego

Lego returned to double digit growth last year, as families locked down by the coronavirus stayed home to build models together, the Danish toymaker's CEO said. Chief Executive Niels B.…

Read More Here

Cathay Pacific posts record $2.8 bln annual loss

Hong Kong's Cathay Pacific Airways Ltd said on Wednesday it was focused on preserving cash after it posted a record annual loss of HK$21.65 billion ($2.79 billion), caused by a…

Read More Here

Libya’s NOC signs contract to establish Oil Centre for Maintenance and Services with Italy’s Saipem

Libya’s National Oil Corporation (NOC) signed a consultancy service contract for oil conservation and services center with the Italian company Saipem, NOC said in a Facebook post. The contract is…

Read More Here

Australia to offer subsidised flights to support tourism

Australia will subsidise 800,000 domestic flights, help its two main airlines and offer cheap loans to small tourism operators as part of A$1.2 billion ($921 million) package to revive the…

Read More Here

Oil slips for third session before U.S. inventories EIA data

Oil fell for a third straight session on Wednesday as investors took profits while looking ahead to U.S. inventories data due later in the day for pointers on where prices…

Read More Here

Rush to bitcoin? Not so fast, say keepers of corporate coffers

When Elon Musk's Tesla became the biggest name to reveal it had added bitcoin to its coffers last month, many pundits were swift to call a corporate rush towards the…

Read More Here

UK shopper numbers fall for first time in seven weeks

The number of people heading out to shops across Britain fell by 0.7% in the week to March 6 versus the previous week, a first decline in seven weeks, market…

Read More Here

COVID-19 travel insurance becoming a vacation staple

COVID-19 insurance policies are increasingly joining passports and sunscreen as vacation staples, creating opportunities for insurers as more countries require mandatory coverage in case visitors fall ill from the coronavirus.…

Read More Here

Total CEO sees oil prices at around $50-60 a barrel

Total's chief executive said on Monday it could take two years for the world economy to recover from the coronavirus pandemic and that oil prices were unlikely to remain at…

Read More Here

Gold rebounds from 9-month low on weaker dollar

Gold prices bounced back on Monday from a nine-month low hit in the previous session as the dollar softened, while passage of a long awaited U.S. coronavirus stimulus package boosted…

Read More Here

Brent jumps past $70 for first time since pandemic began

Brent crude futures surged above $70 a barrel on Monday for the first time since the COVID-19 pandemic began, while U.S. crude touched its highest in more than two years,…

Read More Here

Irish judges back smaller personal injury awards to cut legal, insurance costs

Ireland's judges voted on Saturday to adopt new guidelines for personal injury claims that aim to reduce the size of awards for minor injuries and encourage early settlements as a…

Read More Here

UAE’s first independent digital banking platform launched

The first independent digital banking platform in the United Arab Emirates launched on Sunday, a neobank hoping to become a leader in the Middle East, Africa and South Asia. Dubai-based…

Read More Here

Spain’s gig economy poses labour rights conundrum as regulation eyed

Thousands of kilometres (miles) away from his native Venezuela, 48-year-old Nestor Perez died last month on the streets of Madrid when he was hit by a garbage truck while delivering…

Read More Here

EU approves Malta Budget but forecasts lower growth than Govt for 2021

The European Commission has green-lighted Malta's budget for 2021, noting that it was largely in line with Council recommendations made earlier this year, with most initiatives intended to supporting economic…

Read More Here

Malta- Business, consumer confidence remain dim – CBM Report

Economic growth prospects remain dim according to the latest Sentiment Indicator surveyed by the European Commission and published by the Central Bank of Malta, possibly reflecting the rise in COVID-19…

Read More Here

Cost of living increases in Malta as eurozone sees decline in prices

In August 2020, a month in which COVID-19 containment measures continued to be lifted, euro area annual inflation is expected to be -0.2%, down from 0.4% in July according to…

Read More Here

CiNext – Reskilling is a social imperative

by Jesmond Saliba From CorporateDispatch PRO The pandemic has knocked down many of our assumptions; the idea of reskilling is not among them. If anything, its relevance has only risen…

Read More Here

Financial sector stability remains strong – CBM

The resilience of the Maltese banking sector has improved and the sector entered the pandemic phase with healthy capital levels and strong liquidity. This was the assessment of the Central…

Read More Here

Maltese economy heading to unprecedent contraction – CBM

Latest data suggest that the Maltese economy is likely to have recorded an unprecedented contraction in the second quarter of 2020, though there are signs of some stabilisation in the…

Read More Here

Hostels in Europe see modest recovery in bookings – Hostelworld

Youth hostels in Europe have seen very modest growth in bookings in the past few weeks, but the Americas, Asia and Oceania remain very depressed due to COVID-19, leading hostel…

Read More Here

Russia, Malta agree to raise withholding tax on interest, dividend payments to 15%

Russia and Malta have agreed to amend their taxation treaty, Russia's finance ministry announced on Friday, raising the withholding tax rate for interest and dividend payments to 15%, with exceptions…

Read More Here

The private sector and bailout sustainability

by Matthew Bugeja There is a term to describe what COVID19 is: a black swan event. Perhaps one of the best definitions of a black swan event comes from the…

Read More Here

How to Avoid Extra Stress caused by Frequent and Intensive Internal Communication

by Tanja Tatomirovic One of the things I learned in childhood was not to accumulate material goods, because, as my parents taught me, in that case, I would not recognize the…

Read More Here

Economics vs Health in fighting Covid-19

by Matthew Bugeja Everything is about COVID19 at the moment. There is no escaping the unprecedented impact it has had on the entire planet in just three short months. Short…

Read More Here

Foreign predatory buying of EU crucial industries

by Claire Hollier Considering the current economic crisis caused by the COVID-19 pandemic, there are signs of increased concern that European companies, notably those in critical sectors, are increasingly vulnerable…

Read More Here

When oil became waste

By David Gaffen The magnitude of how damaged the energy industry is came into full view on April 20 when the benchmark price of U.S. oil futures, which had never…

Read More Here

Malta Chamber calls for a Minister for Good Governance

President Perit David Xuereb said that over the past weeks, the Chamber had compiled a report, that proposed 65 concrete recommendations aimed at solving the country’s problems with good governance.…

Read More Here