Business

Cargo ship full of sheep overturns off Romanian coast in the Black Sea

A handout photo made available by the ISU Constanta on 25 November 2019 shows The wreckage of the Queen Hind sheep is seen in the Black Sea waters from the…

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Uber London licence removed

Uber has been stripped of its London operating licence by the regulator in a major blow to the ride-hailing app. The firm's permit has not been renewed after "several breaches…

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THE TOYOTA SUPRA IS BACK

Toyota unveiled the brand new 2020 GR Supra with a completely re-imagined design and engineering formula. The new model is inspired by the iconic Toyota 2000 GT that was originally…

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Web inventor Tim Berners-Lee unveils plan to save the internet

Tim Berners-Lee, a British engineer credited with having invented the World Wide Web in 1989, has released an ambitious plan detailing steps for better online governance, addressing problems like misinformation,…

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LVMH to buy U.S. jeweller Tiffany for $16.2 billion

Louis Vuitton owner LVMH has agreed to buy U.S. jeweller Tiffany for $16.2 billion in the luxury goods maker’s biggest acquisition to date. The $135-per share cash deal will boost…

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Finnair cancels flights due to industrial action

Finland’s flag-carrier airline, Finnair, said it has been forced to cancel almost 300 flights amid a nationwide solidarity strike for postal workers. The carrier, whose home airport at Helsinki acts…

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How The Mitigation of Risk Defines True Logistics Expertise

The CMR Convention enacted by the United Nations in 1956 and to which Malta became a signatory in 2006 recognizes that whilst transport and logistics operators have their responsibilities when…

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Beckhams’ business empire sees revenues drop 18%

David and Victoria Beckham’s brand empire has suffered a sharp fall in revenues, a few months after the celebrity couple bought out their longtime business partner Simon Fuller, creator of…

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Seventeenth century French artefact arrives in Seattle for an immersive exhibition, powered by Microsoft

Seattle’s Museum of History & Industry (MOHAI) and Microsoft Corp. on Thursday announced the opening of a new exhibit, “Mont-Saint-Michel: Digital Perspectives on the Model,” which features a unique blend…

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Sacha Baron Cohen criticises Facebook’s position on political adverts

Hitler would have been allowed to advertise his "solution to the Jewish problem" had Facebook been around in the 1930s, the British comedian Sacha Baron Cohen has said in a…

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Angela Merkel faces party revolt over Huawei in German 5G rollout

Leading figures in Angela Merkel's Christian Democratic Union (CDU) have defied the German chancellor by throwing their support behind a motion to make sure parliament has a say in the…

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Commerzbank CEO calls on EU to stick to principles in face of U.S. policy

Commerzbank’s chief executive criticized the U.S. administration for unilateral dealmaking on Friday and called for Germany and Europe to “stick to our principles”. Martin Zielke’s comments come as Europe debates…

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Harvest Technology plc launches Initial Public Offering of 40% of issued share capital

Harvest Technology plc, the technology group comprising IT solutions provider PTL Ltd, payment gateway specialist APCO Systems Ltd, and automation and security company APCO Ltd, is launching an Initial Public…

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Euro zone business growth grinds to a halt as services struggle

Euro zone business growth almost ground to a halt this month as activity in the bloc’s dominant services industry increased at a much weaker pace than expected and among manufacturers…

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English is the key for an efficient multi-national workforce

Developing business English skills is about learning to work smarter. It encompasses more than basic grammar and vocabulary skills. Partaking in situation-appropriate interaction, understanding context and being able to interact…

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NOUV To Present iGaming Services at SIGMA

To date, around 2.8 million professionals work in cybersecurity globally, but an additional 4 million trained workers will be needed to close the skills gap and properly defend organizations,…

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Uber’s days in London might be up

Time’s almost up for Uber Technologies Inc. in London, with the city’s transit authority set to announce as soon as Monday whether it will grant the ride-hailing company a new…

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No solution in sight for Alitalia

Ferrovie dello Stato (FS) state-controlled rail group said on Thursday that "necessary conditions" still don't exist for creating a consortium on Alitalia, but that it remains willing to participate in…

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Allianz partners with Microsoft to digitally transform the insurance industry

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Photo Story: The Fiat 500x at the AutoMobility LA auto show

The Fiat 500X Sport is displayed during the AutoMobility LA auto show at the Los Angeles Convention Centre in Los Angeles, California, USA. The show will run from 22 November…

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Thousands face delays as BA flights disrupted

Thousands of passengers’ face delays as British Airways experiences disruption to flights caused by a "technical issue". The airline said overnight that a small number of planes were affected by…

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Fiat Chrysler says Peugeot talks progressing

Fiat Chrysler on Thursday said its talks with Peugeot to create the fourth-largest carmaker are going well, despite a racketeering lawsuit filed by General Motors late on Wednesday, seeking “substantial…

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Ryanair baggage fee policy ruled as ‘excessive’ in Spain

A Spanish court has called budget airline Ryanair's policy of charging a fee for hand luggage "excessive" after a passenger was fined for taking a carry-on bag without a special…

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Johnson & Johnson lose landmark lawsuit

Australia's federal court on Thursday ruled in favour of hundreds of women who suffered severe pain from a vaginal mesh implant, in a landmark class-action lawsuit against Johnson & Johnson. The 7-year-old…

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Google to restrict political adverts worldwide

Google will no longer allow political campaigns to target advertising at people based on their supposed political leanings. Campaigns will also be unable to match their own database of prospective…

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Hospice Malta volunteers receive Misco training

Misco delivered a special coaching session to volunteers at Hospice Malta. Training was tailor-made to meet the singular needs of individuals engaged in palliative care services, helping volunteers improve their…

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EU-Singapore Free Trade Agreement (EUSFTA) comes into effect

The flag of the European Union (C) is seen flying in Singapore, 20 November 2019. The European Union-Singapore Free Trade Agreement (EUSFTA) will come into effect on 21 November and…

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South African Airways risking liquidation

South African Airways (SAA) needs a government guarantee to help it secure bank funding otherwise the carrier is at risk of entering liquidation, board member Martin Kingston said on…

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Over 250 young professionals join the Malta Institute of Accountants

The Malta Institute of Accountants welcomed 256 new members during an official ceremony at the Malta Conference Centre on October 24. The young professionals joined the Institute after having successfully…

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HSBC set to replace investment banking chief

HSBC is planning to replace the long-serving head of its investment bank ahead of a big restructuring that will result in large-scale job losses at the unit he has…

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EasyJet to offset carbon emissions from all its flights

EasyJet is set to become the world’s first major airline to operate net-zero carbon flights across its entire network, after announcing it would offset all jet fuel emissions. The British…

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HSBC to shed 180 jobs as part of voluntary retirement scheme

HSBC Malta will be shedding 180 members of staff this year as part of a voluntary retirement scheme announced in October. The exercise will cost it some €16m. 'The Bank…

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Two planes collide at Frankfurt Airport

Frankfurt Airport confirmed on Sunday morning that two passenger jets collided on the tarmac hours earlier. A Korean Air Boeing 777 aircraft collided lightly with an Air Namibia aircraft after landing…

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Saudi Aramco sets IPO share price at around $8.00

Saudi Aramco’s multibillion-dollar initial public offering (IPO), probably the biggest in history, shifted to full gear as its share price was announced and subscription to the world’s biggest oil company…

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Kaspersky owner warns of ‘catastrophic’ cyberattacks

According to Eugene Kaspersky, the Russian head of an antivirus software company that carries his name, catastrophic cyberattacks on critical infrastructure are coming in the near future unless governments can…

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Payments in Belgium to be rounded to nearest 5 cents from December

As of 1 December, retailers in Belgium will be obliged to round final totals to the nearest 5 cents in the case of cash payments, removing the need for 1…

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German Parliament passes anti-money-laundering laws

The German Parliament passed a raft of anti-money-laundering measures to bring the country in line with EU directives. The reform packet imposes stricter regulations for real estate agents, notaries, precious…

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X019: Xbox kicks off UK gaming event with Project xCloud and Xbox Game Pass news

Xbox has kicked off its X019 gaming event in London with a raft of announcements that will help gamers play the latest titles whenever and wherever they want. Project xCloud,…

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Visa discloses FTC probe on debit transactions

Visa Inc said the Federal Trade Commission (FTC) has initiated an inquiry into whether the payments processor’s actions prohibited merchants from using other debit payment networks. Bloomberg reported on Wednesday…

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Major trade partners seek compensation from UK and EU over Brexit

Leading trade partners are seeking compensation from the U.K. and EU over Brexit uncertainty that has disrupted pre-Christmas trade. Some 15 countries — including heavyweights such as Australia and the…

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Qantas completes “double sunrise” test flight from London to Sydney

Qantas Airways Ltd completed a 19-hour 19 minute non-stop test flight from London to Sydney on Friday as it nears a decision on whether to order planes for what would…

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Mercedes-Benz Cars to slash €1 billion in costs by 2022

Daimler shares fell sharply on Thursday after the German carmaker said tougher emissions rules will hit earnings in 2020 and 2021 forcing it to seek more than 1 billion euros…

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Danish prosecutor charges Danske Bank for overcharging customers

Danske Bank said on Thursday it has been preliminary charged by the Danish prosecutor for overcharging customers for an investment product. Denmark’s financial watchdog reported Danske Bank to the police…

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Photo Story: The presentation of the Ferrari Roma

The Ferrari Roma car is unveiled in Rome, Italy, 14 November 2019. The Roma is powered by the company’s popular twin-turbo V-8 that makes 611 horsepower and is coupled with…

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Qantas to operate another non-stop London to Sydney research flight

Australia’s national carrier is preparing for its second ultra-long haul research flight, as part of scientific studies into minimising jetlag for passengers and improving crew wellbeing. The first research…

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HSBC cut jobs in UAE as bank look to reduce costs

HSBC Holdings has laid off about 40 bankers in the United Arab Emirates (UAE) and Emirates NBD is cutting around 100 jobs, as banks in the Arab world’s second-biggest economy…

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Jobs at risk as China’s services sector feels heat of trade war

Annual profits at China’s Ningbo S-Power International Logistics Co are down a sharp 40% year-on-year. The firm’s woes highlight a bigger problem for the world’s second-largest economy and its…

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Germany narrowly avoids recession

The German economy has defied expectations of recession by growing 0.1 per cent in the third quarter as higher household and government spending offset a sharp downturn in the country’s…

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Bringing the Microsoft Experience To Gozo

Microsoft Partners J2 Group, an IT solutions and software company based in Malta which knows its origins in Gozo, will be fronting Microsoft’s new presence in Gozo into what is…

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Boeing accused of trying to hasten 737 MAX return

The head of the Southwest Airlines Co pilot union sharply criticized Boeing Co and questioned whether the manufacturer was trying to speed up the timeline for the 737 MAX’s return…

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McDonald’s Hosts Communication Day 2019 for Leadership Team

In 2020, McDonald’s will pursue its programme to modernise its restaurants, introduce additional functionality on the mobile app, and will also deploy McDelivery at selected restaurants. This was announced during…

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Mars to introduce vegan version of its Galaxy bar

Mars is to launch a vegan version of its best-selling Galaxy bar in the UK, the first move by a large mainstream confectionery brand to offer consumers a plant-based alternative…

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Britain’s economy avoids recession

Britain’s economy avoided a recession in the third quarter after it expanded by 0.3% but the annual pace of growth was the slowest for nearly 10 years as Brexit uncertainty…

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Malta: Bank of Valletta appoints first ever foreign CEO

Ricky David Hunkin is to be appointed CEO of Bank of Valletta on January 1, succeeding Mario Mallia who is not seeking renewal of his term. The bank said that in his…

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Regulator to investigate Apple Card’s ‘sexist’ discrimination in credit limits

New York’s Department of Financial Services has initiated the probe into the credit card practices of Goldman Sachs, which provides the Apple Card. In a series of Twitter posts starting…

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London Crossrail opening date slips again

The planned opening of London’s new east-west railway, Crossrail, was delayed again Friday as costs increased by up to 650 million pounds. The118-kilometer line, which will be formally known as…

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Amazon Long-Time Executive Steve Kessel to Step Down

E-commerce giant Amazon.com Inc's long-serving executive Steve Kessel will leave the company after 20 years, a company spokesperson told Reuters. Kessel, a senior vice president who has worked on Amazon's…

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