Business

Wizz Air Announces Proposed Establishment of Wizz Air Abu Dhabi

Wizz Air Holdings announced that it has reached agreement in principle for the establishment of Wizz Air Abu Dhabi, United Arab Emirates in partnership with Abu Dhabi Development Holding Company PJSC ("ADDH"). The new…

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Libya air companies to resume flights from Mitiga Airport

Libyan Airlines has announced the resumption of flights from Mitiga International Airport from Thursday, December 12. Libyan Wings has also announced the resumption of flights from Mitiga Airport next Saturday,…

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YouTube moves against ‘implied threats’

YouTube leadership on Wednesday unveiled updates it said would better "tackle harassment" on the global video hosting platform. "We remain committed to (…) ensuring that spirited debate and a vigorous…

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HSBC Swiss unit to pay $192 million in US tax fine

The Swiss branch of HSBC's private bank has been fined almost CHF200 million by the US Department of Justice (DoJ) for having helped American clients evade tax between 2000 and 2010.…

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British Journalism Awards 2019: Paul Caruana Galizia named New Journalist of the Year

Paul Caruana Galizia, son of murdered Maltese journalist Daphne who became a journalist as a way of paying tribute to his mother, was named New Journalist of the Year. Given…

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Europe wide operation smashes WhatsApp groups that created and exchanged child abuse material

A successful operation in encrypted chat groups has been carried out by Policia Nacional of Spain. The investigation, begun in 2017 and led by the Central High Tech Crime Unit,…

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Switzerland grants 18 more countries access to bank details

The Swiss parliament has approved the automatic exchange of bank data with 18 additional countries from 2021. However, Turkey failed to make the cut. On Tuesday, the Senate followed the…

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Spanish clothing company Inditex announces 12 percent increase in benefits in nine months

Spanish clothing company Inditex, owner of Zara, announced a 12 percent increase in benefits in the last nine months with a net profit of 2,720 million euro, a 12 percent…

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Saudi Aramco shares up sharply on market debut

Saudi Arabia listed state oil company Aramco on the stock exchange on Wednesday in what became the world's biggest-ever initial public offering. Shares opened at 35.2 riyals (€8.47, $9.39), 10% higher…

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Air Malta aiming to fly to the United States and India

Air Malta plans to introduce two Airbus A321XLRs to its fleet in 2024 enabling the airline to launch its first long-haul services. Air Transport World (ATW) quoted Air Malta’s chairman as saying during…

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Adelaide Airport terminal evacuated over security scare

Passengers queue on Wednesday morning at security check points following a system fault at Adelaide Airport in Adelaide, South Australia, Australia. A fault with security screening at Adelaide Airport,…

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Microsoft launches Ambizione Italia for a culture of inclusion

Making a system to make Italy a more inclusive country accessible to people with disabilities, exploiting new technologies such as artificial intelligence to allow everyone to best express their…

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US, Mexico, Canada sign USMCA trade deal

After months of negotiations, representatives from the United States, Mexico and Canada on Tuesday inked a revamped version of their regional trade pact. The signing ceremony in Mexico City was attended by…

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24 days of Christmas giveaways at McDonald’s

McDonald’s is counting down to Christmas with daily offers on customer favourites, exclusively available to subscribers to the McDonald’s app. The 24 Days of Christmas Giveaways campaign offers will carry…

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France’s Sanofi to buy Synthorx for $2.5 billion

France’s Sanofi said on Monday it had agreed to buy Synthorx in a cash deal worth around $2.5 billion as it seeks to beef up its immuno-oncology pipeline. Under the…

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European Commission adopts new EU Air Safety List

The European Commission updated the EU Air Safety List, the list of airlines that do not meet international safety standards, and are therefore subject to an operating ban or operational…

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Tesco considering selling Thailand and Malaysia stores

Britain's biggest retailer, Tesco, is considering selling its stores in Thailand and Malaysia. The supermarket giant has more than 2,000 shops in both countries, which trade as Tesco Lotus. Only…

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KPMG to invest US$5 billion in digital strategy and expand Microsoft alliance to accelerate professional services transformation

KPMG and Microsoft Corp. are strengthening their global relationship through a five-year agreement to accelerate digital transformation for KPMG member firms and mutual clients. As part of its announcement to…

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Pirates capture crew members of Hong Kong-flagged tanker

A Hong Kong-registered crude oil tanker was attacked, and its sailors kidnapped by pirates off the coast of Nigeria in the early hours of Wednesday, the South China Morning Post…

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Italy’s Atlantia interested in relaunch but not rescue of Alitalia

Italy’s Atlantia is still interested in supporting the relaunch, and not the rescue, of ailing carrier Alitalia, the chairman of the infrastructure group said in an interview on Friday. “The…

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Nearly 6,000 US sexual assaults reported to Uber in 2017 and 2018

Nearly 6,000 instances of sexual assault, including more than 450 cases of rape, were reported to Uber in the United States in 2017 and 2018, the ride-sharing company said in…

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OPEC meeting breaks up without agreement

A meeting of the OPEC group of major oil-exporting countries broke up late Thursday without agreement on cutting production to head off pressure on prices from abundant reserves and…

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Microsoft’s Digigirlz Programme Attracts 90 Female Students to MIC

Malta remains at par with general global trends where only around 6% of female students choose a career in IT-related subjects. “The lack of disposition towards introducing technology and exposing…

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HSBC to bring in single overdraft rate of 40% for UK customers

HSBC is to bring in a single overdraft rate of 39.9% for UK customers from March 2020, as much as quadrupling the rate it charges some customers. However, the bank…

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Ryanair to close bases in Nuremberg, Stockholm

Budget airline Ryanair announced that it will be closing bases in Nuremberg and Stockholm. The decision was brought about by the delayed delivery of the Boeing 737 Max airplanes. The new…

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German car industry to slash more jobs in 2020

Germany’s main automobile industry body, the VDA, said it expects global car sales to fall by 5% this year, the steepest drop since the financial crisis, and warned of more…

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OPEC gearing up for deeper oil cuts

OPEC is gearing up to deepen production cuts later this week but still needs to agree with allies such as Russia over details of a deal to support oil prices…

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Hyundai Motor to invest $52 billion over six years

Hyundai Motor said on Wednesday it planned to invest $51.81 billion ( 61.1 trillion won) between 2020 and 2025. The South Korean carmaker unveiled a “Strategy 2025” roadmap that…

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Agnelli family’s Exor to buy La Repubblica and La Stampa

John Elkann, scion of the Agnelli industrial dynasty and chairman of Fiat Chrysler Automobiles, is to acquire Italy’s leading media group after striking a deal with the billionaire De Benedetti…

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Italy’s UniCredit to axe 8,000 jobs

Italian bank UniCredit said Tuesday that it set to axe around 8,000 jobs and close around 500 branches in the next few years. The job losses will be concentrated in…

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Mobile phone detection cameras rolled out in Australia

In Australia, New South Wales rolled out mobile phone detection cameras on Sunday, hoping to cut the number of fatalities on its roads by a third over two years, transport…

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For first time in decades US is net exporter of oil

The US has cemented its status as a net exporter in world oil markets, a sharp reversal from past years that could affect its ties to foreign allies. The top…

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China due to introduce face scans for mobile users

People in China are now required to have their faces scanned when registering new mobile phone services, as the authorities seek to verify the identities of the country's hundreds of…

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First Juncker Plan project in Malta brings broadband to 70,000 homes

The European Investment Bank (EIB) and GO p.l.c. (GO) have signed a €28 million loan to finance GO's investments in telecommunication infrastructure. GO is listed on the Malta Stock Exchange…

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Germany plans rapid state intervention to protect key industries

German Economy Minister Peter Altmaier wants to set up a new government body with powers to decide quickly whether to take stakes in key domestic companies to prevent foreign takeovers.…

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Daimler to cut 10,000 jobs worldwide

Daimler, the German carmaker that owns Mercedes-Benz, has said it will shed at least 10,000 jobs worldwide as it seeks to fund the switch to electric cars. Daimler personnel…

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International crackdown on RAT spyware which takes total control of victims’ PCs

A hacking tool that was able to give full remote control of a victim’s computer to cybercriminals has been taken down as a result of an international law enforcement operation…

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And after all of this what are we left with?… Professor Andrew Azzopardi

We are left with an assassinated journalist (and with a family that is still unable to bereave); We are left with an Opposition that is trying to juggle (I believe…

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Study warns smartphone addiction has “serious consequences”

Almost a quarter of young people are so dependent on their smartphones that it becomes like an addiction, research by psychiatrists concludes. The study, from King's College London, says such…

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Import duty on cars, clothes and other products in Switzerland may be scrapped

Import duties on various products including cars, clothes, and household appliances are set to be removed in Switzerland. If parliament approves the plan, the measure will enter into force in…

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Berlin bans diesel cars and trucks

A worker installs a road sign at the central Mitte district that indicates a circulation ban for Diesel cars and trucks with less than Euro 5/V in Berlin, Germany,on…

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Single use plastic retail bags to be phased out of LEGO Stores in 2020

The LEGO Group announced that it will phase out plastic retail bags in all LEGO® Stores globally in 2020. The move, which is part of the LEGO Group’s ambition to…

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Maersk to lay off staff as part of cost cutting

Danish shipping group Maersk said on Thursday it would lay off staff at its main offices in Denmark and in other countries. The company said it did not know yet…

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Chamber of Advocates expresses deep concern with the recent events in Malta in the past few days

The Chamber of Advocates is deeply concerned with the events that have come to light in this country in the past few days. There is little that the Chamber can…

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Tata Steel to cut over 2,000 jobs in Europe

Tata Steel has announced it expects to cut 1,000 jobs across the UK as part of the company's restructuring plans. Two thirds of the job losses will be management and…

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Communication is a real problem for UK workers and their companies, Microsoft research reveals

Small and medium-sized businesses across the UK are seeing a disconnect between leaders and employers, fostered by a culture of poor communication, a new survey has revealed. More than a…

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New CEO for Microsoft Greece, Cyprus & Malta

Following a short transitional period, Mr. Theodosis Michalopoulos is officially assuming the position of CEO for Microsoft Greece, Cyprus and Malta. Mr. Michalopoulos boasts a long and successful career in…

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Twitter suspends account deletions after outcry

Twitter has said it will "pause" plans to disable inactive accounts following user backlash, a day after announcing plans for a huge cull of such accounts. The social network said…

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Nutella sold 57 million biscuits in three weeks

Ferrero has sold two million and 600 thousand packages of its Nutella biscuits in three weeks. Calculating that each package contains 22, we reach the 57 million cookies in circulation.…

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Italian consumer confidence lowest since 2017

Italian consumer confidence registered a "decisive drop" in November, with ISTAT's index falling to 108.5 points, the lowest level since July 2017, down from 111.5 in October, the national statistics…

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No solution in sight for Alitalia woes

Italian Prime Minister Giuseppe Conte on Tuesday confirmed that plans for a consortium led by railway group Ferrovie dello Stato (FS) to take over troubled airline Alitalia have…

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Over 70 arrested in worldwide crackdown on airline fraud

Between 18 – 22 November 2019, 60 countries, 56 airlines and 12 online travel agencies were involved in the 12th edition of the Global Airline Action Days (GAAD), an international…

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Using your Mastercard with eCabs pays!

Bringing more value is one of eCabs’ main commitments. In line with this, eCabs are announcing a new cashback campaign in conjunction with Mastercard and Credorax. Customers using their Mastercard…

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UK car body warns output will slump if Brexit leads to tariffs with EU

British annual car production will drop by a third to 1 million by 2024 if Brexit leads to tariffs with the European Union, the Society of Motor Manufacturers and Traders…

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Twitter to remove inactive users

Twitter will begin deleting accounts that have been inactive for more than six months, unless they log in before an 11 December deadline. The cull will include users who stopped…

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Sports Direct International might change its name

Sports Direct International, the retail firm founded and run by Mike Ashley, has tabled a shareholder vote to change to its name. The company said it planned to be known…

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Maltese accountants reach fundraising goals

Members of the Institute of Accountants took part in a football tournament to raise funds for Beating Hearts Malta (BHM). 20 teams representing 19 professional firms and organisations took part…

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