Business

German economy records zero growth in last quarter

The German economy posted zero growth in the final quarter of 2019, the federal statistics authority (Destasis) reported in preliminary statistics on Friday. The Gross domestic product (GDP) was the same…

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Italian banks closing Iranian citizens’ accounts over US sanctions

Several Italian banks have closed or imposed restrictions on accounts held by Iranian citizens citing US sanctions against Iran and putting some people in a delicate financial situation. Several European…

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British Airways’ Customers in Royal Air Maroc Codeshare Agreement

British Airways and Royal Air Maroc have announced a new codeshare agreement which will open up new routes across Morocco including Casablanca and Agadir. It will also give customers more…

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European economy predicted to continue on a path of steady, moderate growth

The Winter 2020 Economic Forecast published by the European Commission projects that the European economy is set to continue on a path of steady, moderate growth. The euro area has…

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Lebanon asks the IMF for help

As Lebanon’s government grapples with an economic crisis that has fueled increasingly violent protests, the heavily indebted country must urgently decide on how to deal with fast-approaching debt payments,…

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Databyte appoints Dr Kevin Camilleri as its new CEO

DataByte announced the appointment of Dr. Kevin Camilleri as its new CEO, who succeeded Mr. Frederick Micallef as from the beginning of this month. Frederick will continue to support the…

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Hyundai signs development deal with another electric vehicle startup

Korean automaker Hyundai Motor Co broadened its future transportation portfolio with an agreement to jointly develop electric vehicles with California startup Canoo, the companies said on Tuesday. It was the…

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Airline Transavia to introduce cabin luggage fees

Dutch holiday airline Transavia will introduce fees for some cabin luggage services from the end of March, the Dutch newspaper Telegraaf reported on Wednesday. The paper says passengers who want…

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German digital bank N26 pulls out of UK, blames Brexit

The German digital bank N26 is has blamed Brexit for its decision to pull out of the UK and close more than 200,000 customer accounts. The lender has given customers…

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UN experts insist comprehensive national strategies are urgently needed to prevent child sexual abuse online

Comprehensive national strategies are urgently needed to prevent child sexual abuse online and other Internet issues for children, independent UN human rights experts said on Tuesday, Safer Internet Day. Maud…

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HSBC UK staff morale low in view of job cuts

Morale of the staff working at HSBC (in the UK) is low after its boss was ousted and staff prepare for a wave of job cuts, according to an internal…

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Xerox increases offer to buy HP

Xerox made a new offer of about $35bn including debt to buy personal computer maker HP, as the US printer seeks to win over the support of its rival’s shareholders…

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Italian bank UniCredit to lay off 6000 and close 450 branches

Italy's biggest bank UniCredit is to lay off 6000 staff in Italy and close 450 branches, it told unions on Monday. The payoffs and closures are contained in a 2019-2023…

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Daimler to cut 15,000 jobs

German luxury carmaker Daimler is intensifying existing cost-cutting measures and plans to cut up to 15,000 jobs, Handelsblatt newspaper reported, citing company sources. The group in had said in November…

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Italian industrial output down 1.3% in 2019, worst in 6 years

Italian industrial output fell 1.3% in 2019, the worst result in six years, ISTAT said Monday. It was the first fall since 2014 and the sharpest since 2013, the stats…

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Microsoft’s latest ‘AI for Good’ cohort aims to make the world a better place

Companies that aim to transform how we recycle, make websites more accessible for people who are Deaf, and give the public a greater say in how their towns change have…

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Innovative new Freeports across the UK as Government lays out plans to boost economy

Up to ten new innovative Freeports will be opened across the UK as the Government seeks to level up the country and seize on the opportunities leaving the EU has…

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Hyundai Accent awarded best value in America

The 2020 Hyundai Accent earned the Best Value in America award from Vincentric, the automotive research firm specializing in automotive cost of ownership. This is the second win for…

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Storm Ciara helps BA jet fly from New York to London in under five hours, smashing record

A British Airways flight propelled by a 265mph tailwind flew from New York to London in under five hours, setting a subsonic passenger jet record. The Boeing 747 landed at…

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Every child in England to be offered bicycle training

The British government has announced all children in England will be taught the skills for a lifetime of cycling, as its Bikeability training programme is significantly expanded. The commitment will…

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‘Inspiration’ Supports Inspirasia Foundation, Island Insurance Donates Proceeds from 30th Anniversary Exhibition to Inspirasia

Proceeds from the sale of paintings during Island Insurance Brokers’ recent collective art exhibition were presented today to the Inspirasia Foundation. The donation of €2175 was presented to Inspirasia Foundation…

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Swatch cancels Zurich watch event over coronavirus fears

Swatch Group has called off its “Time to Move” watch fair in Zurich, due to take place at the end of February, amid fears over the new coronavirus outbreak. “Considering…

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Benetton cuts ties with Toscani

The Benetton Group said that it was breaking off ties with Oliviero Toscani after the star photographer caused an outcry by saying "who cares" in relation to the 2018 Morandi-bridge…

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Conflicting reports on resumption of Italy-China flights

Reuters reports that China’s foreign ministry said on Friday that Italy was willing to resume some flights between the two countries, after it suspended direct air traffic last month over…

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All-new Kia Sorento to debut in Geneva

The all-new Kia Sorento will make its world premiere at the 2020 Geneva International Motor Show. Designed and engineered to take on everything life can throw at it, the fourth…

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GO TV Production To Foster National Pride in Malta’s Beauty, documentaries produced in collaboration with Din l-Art Ħelwa

Malta, with its rich history and culture, will be showcased and celebrated in an innovative series comprising 130, one-minute features, which will be aired daily for 26 consecutive weeks on…

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Lexus Announces Three European Premieres For The 2020 Geneva Motor Show

Lexus is hosting three European premieres at the 2020 Geneva Motor Show, including soon-to-be-launched new products and a concept study expressing its design and technology vision for a future electrified…

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China cuts tariffs on $75bn of US goods amid coronavirus pressure

China has cut tariffs on $75bn worth of imports from the US. The move comes as trade tensions ease and Beijing tries to cushion the economic shock caused by the…

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Romanian Government ordinance regulates electric scooter use

The Romanian government this week adopted an emergency ordinance regulating the use of electric scooters on Romania’s public roads. Only those aged over 14 may ride electric scooters in…

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Huge operation against illegal IPTV distributors in Bulgaria

Europol supported a massive crackdown on illegal IPTV distributors in an operation executed by the Cybercrime Unit of the Bulgarian General Directorate Combating Organised Crime of the Ministry of Interior…

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Photo Story: Aftermath of the fatal air accident in Turkey

Photos of the scene of the tragic air accident in Istanbul as firefighters and Pegasus Airlines crew inspect the wrecked plane after a Pegasus Airlines plane has skidded off the…

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Google under investigation over location tracking as Tinder faces data probe

Google and Tinder are facing regulatory investigations in the European Union over their use of users' personal data. The investigations were announced by the Irish Data Protection Commissioner (DPC) which…

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McHappy Day Raises €25,000 for RMHC Learning Centre

McDonald’s customers have helped raise €25,000 in aid of the Ronald McDonald House Charities Qawra Learning Centre during the recent McHappy Day campaign. The funds were collected in Malta and…

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Ryanair slapped down over ‘misleading’ green claims

The U.K. advertising watchdog on Wednesday censured a Ryanair ad campaign that claimed the Irish carrier is Europe’s “lowest emissions airline,” arguing it was “misleading.” Ryanair — famous for its bold…

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The world celebrates Nutella Day

World Nutella Day is celebrated internationally on 5 February, with fans gathering at home, in the office and on social media to share recipes and savour the taste of chocolate-hazelnut…

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Xbox helps launch a new initiative to improve equality, diversity and inclusivity in the video games industry

Xbox has helped to launch a new initiative to improve equality, diversity and inclusivity in the video games industry. The #RaiseTheGame pledge is being led by Ukie, the trade body…

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Companies feel impact of coronavirus outbreak in China

Companies around the world have warned that a coronavirus outbreak in China could disrupt supply chains or hurt bottom lines as factories and shops shut and airlines suspend flights. Apple…

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Cruise ships to temporarily ban Chinese crew and passengers

Cruise lines worldwide will deny boarding to passengers and crew who have recently travelled to China, a global industry body said on Monday (Feb 3), as fears grow over the…

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Madrid’s Barajas airport closes its airspace, drones possible cause

Madrid’s Adolfo Suarez-Barajas international airport closed its airspace on Monday, Spain’s transport ministry said in a tweet without providing details. Enaire, the parent company of Spanish airport operator AENA,…

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European Parliament wants binding rules on common chargers to be tabled by summer

The European Parliament has called on the European Commission to put forward beefed-up rules on common chargers by July 2020 at the latest. There is an “urgent need for EU…

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Online shopping: European Commission and Consumer Protection authorities urge traders to bring information policy in line with EU law

The European Commission published the results of an EU-wide screening (“sweep”) of nearly 500 e-shops selling clothing and footwear, furniture and household items, and electric appliances. This sweep was carried…

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