Business

New home for Motors Inc. brands

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New award for Maltese retail sector

Misco launched an Award in Retail Operations providing specialised training for employees in the retail sector. The Award is a Level 3 qualification accredited by the National Commission for Further…

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Pound falls as doubts grow over chances of last-minute Brexit deal

Sterling fell in early London trading on Monday as investors grow increasingly concerned that Britain and the European Union were no closer to agreeing a Brexit withdrawal deal. Sterling traded…

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Italy in danger of entering recession

The CSC research unit of Italian industrial employers' confederation Confindustria said Monday that Italy is "still on the threshold of zero growth" and "risks falling into recession in the case…

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NOUV Announces Core Management Team

NOUV, a multidisciplinary firm of certified public accountants, practising auditors, company service providers and certified information systems auditors is announcing its new core management team. Mark Aquilina, who founded NOUV…

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Irish consumer sentiment slumps over possible no-deal Brexit

Irish consumer sentiment weakened for the third month in a row in September as the failure of the UK and the European Union to agree divorce terms ahead of the…

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Hackers targeting Thomas Cook customers

Cybersecurity experts have warned that criminals are targeting Thomas Cook customers and former employees with websites which impersonate legitimate organisations. The Telegraph reports that website records compiled by cybersecurity firm…

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Final Thomas Cook holidaymakers to return home to Britain

The final contingent of holidaymakers stranded overseas after the collapse of tour company Thomas Cook last month will return to Britain on flights that departed on Sunday, bringing to an…

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HSBC cost-cutting drive threatens 10,000 jobs – FT

HSBC has embarked on a cost-cutting drive that threatens up to 10,000 jobs, as its new interim chief executive Noel Quinn seeks to make his mark on the bank. The…

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BA stepped in this week to fly a special four-legged friend to the UK to receive an ‘Animal OBE’

British Airways stepped in this week to fly a special four-legged friend to the UK to receive an ‘Animal OBE’ on Friday 4th October. When the airline heard that ex-US…

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Iran will use any possible way to export its oil

Iran will use any possible way to export its oil, Iranian Oil Ministry’s website SHANA quoted Oil Minister Bijan Zanganeh as saying on Sunday, adding that exporting crude was the…

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Peruvian Airlines suspends all flights due to lack of liquidity

Peruvian Airlines has suspended all flights and closed offices until further notice due to a “lack of liquidity”. Peru’s second-largest carrier posted a statement on its website in Spanish on…

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PayPal pulls out from Facebook’s Libra digital currency project

PayPal is pulling out of the Facebook-led Libra project, in a major blow to the social media platform’s plans to launch a global digital currency. FT reports that the payments company…

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Microsoft releases details on a significant hacking effort by Iran targeting US presidential campaign

Microsoft has disclosed details on a significant hacking effort from Iran, which targeted a US presidential campaign between August and September. CNET reports that the Iranian hackers made more than 2,700…

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Homelessness rising in the UK and villagers priced out

The number of social homes being built in rural England has fallen by more than 80% in the last six years. Exclusive research for Sky News has found just 1,309…

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Updated version of Microsoft’s AI Business School which shows people how to use AI technology

Microsoft has announced an updated version of its AI Business School, which shows people how to use artificial intelligence technology. Mitra Azizirad, Corporate Vice–President of Microsoft AI, revealed three big…

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Bank analyst says Romania’s industry is in recession

Romania’s industry “undergoes recession”, Raiffeisen Bank’s chief economist Ionut Dumitru said at a conference, adding that other sectors perform comparatively better. The slowdown experienced by the local economy is to…

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Chamber Of Advocates Clarifies Position On Chetcuti Cauchi Advocates Case

The Chamber of Advocates has noted that there is significant speculation in the media, including social media, following a decree by the Court, dated 2nd October 2019, in connection with…

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Warning new American tariffs on EU food will boost prices, cost U.S. jobs

New 25% U.S. tariffs on Italian cheese, French wine, Scotch whisky, British biscuits, Spanish olives and thousands of other European food products will lead to higher prices ahead of…

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US, allies seek access to Facebook encrypted messaging apps

US Attorney General William Barr and his British and Australian counterparts are pressing Facebook to create a so-called backdoor to give authorities access to encrypted messages on WhatsApp and other…

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Worldwide recall of Wilke meat products

German authorities closed production of Wilke Wurstwaren in Twistetal-Berndorf in northern Hesse following two deaths resulting from listeria germs found in pizza salami and boiled sausage by the meat products…

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World’s largest banks lagging in sustainable finance

Despite pressure from activists, investors and governments, the majority of world’s 50 largest banks have not made sustainable finance commitments to respond to the risks of climate change and continue…

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Chamber of Advocates Announces the Annual Company Law Conference 2019

Company Law in the European Court of Justice, recent company failures, compliance obligations, the role of the company secretary and diversity in the Maltese boardroom will be amongst the main…

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About $4 billion Hong Kong deposits may have left territory due to protests

Hong Kong may have lost as much as $4 billion in deposits to rival financial hub Singapore between June and August as political unrest escalated in the Chinese city, Goldman…

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Increase in foreign teachers working in Germany

More teachers in Germany have non-German passports than ever before, according to figures from the German Statistics Office Destatis published on Wednesday. According to the figures, most foreign teachers come from other…

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Microsoft unveils two new folding devices, with dual touch screens to create a new category in mobile computing

Microsoft has unveiled two folding devices, with dual touch screens, which it says will create a new category in mobile computing. But, unlike attempts from its rivals, the firm has…

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Europe third-quarter earnings outlook deteriorates as trade war, Brexit bite

European companies are heading for their worst quarterly earnings in three years as revenue drops for the first time since early 2018, according to the latest Refinitiv data, underscoring concerns…

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Twitter suffers global outrage

Twitter said that the social media website and its dashboard management platform TweetDeck was hit with an outage on Tuesday, with thousands of global users left in the dark. Outage…

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Tesco boss Dave Lewis to step down next year

Tesco has announced that its chief executive Dave Lewis is stepping down after five years in the role. Lewis said the decision was a "personal one", and Tesco chairman John…

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Egyptian operator owed £7.7 million by Thomas Cook

Thomas Cook has dues of 7 £7.7 million to local operator Blue Sky Group, Blue Sky’s chairman Hossam El-Shaer said. Shaer did not give further details. Thomas Cook, the world’s…

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Novartis and Microsoft to develop drugs using AI

Swiss pharmaceutical firm Novartis and computer giant Microsoft have signed a five-year partnership deal aimed at transforming the Basel-based pharma’s business - from finance to manufacturing - using artificial intelligence.…

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Warning of store closures in the UK as shop prices continue to fall

The decline in the cost of goods in British stores accelerated in September as the nation’s retailers cut prices in the face of stiff competition and increasingly frugal consumers, according…

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Italian Education minister considering removing crucifixes from schools

Education Minister Lorenzo Fioramonti this week considered removing crucifixes from schoolrooms to underline their secular nature, sparking a huge row. "I believe in a secular school, I think that schools…

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U.N. appeals so that countries make ‘digital world’ safer for children

Rising Internet connectivity has the potential to transform children’s lives for the better, but also makes them vulnerable to sexual abuse, online harassment and bullying, recruitment by extremist groups, and…

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Leadership change for Microsoft Greece, Cyprus and Malta

Following a successful course as CEO of Microsoft for Greece, Cyprus and Malta, Ms. Peggy Antonakou is taking the next step in her career, outside of Microsoft. The company would…

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Repatriation of passengers following Thomas Cook collapse enters the second week

Britain's Civil Aviation Authority on Tuesday said 39 flights are scheduled to bring back a further 7,000 people to the country after the Thomas Cook collapse, as the operation enters…

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13 airlines declare bankruptcy in 2019

The declaration of bankruptcy by Adria Airlines will be the 13th announcement o an airline carrier to fold this year. The Slovenian Air carrier's decision followed the one taken earlier…

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Adria Airways to file for bankruptcy

Adria Airways has announced it will officially file for bankruptcy, ending 58 years of service. Over the past week, Adria has cancelled more than 400 flights affecting over 15,000 passengers.…

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Unemployment in Italy drops to 9.5%, lowest level since 2011

Italy's unemployment rate dropped to 9.5% in August, a fall of 0.3 of a percentage point on the previous month, taking it down to the lowest level since November 2011,…

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French drugmaker Sanofi to cut around 200 jobs in Japan

French drugmaker Sanofi SA plans to cut around 200 jobs in Japan across sales, regulatory affairs and operations, a person familiar with the matter said, months after the company said…

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Thomas Cook customers may have to wait up to two months for refund

Thomas Cook customers who have seen future holiday bookings cancelled after the travel firm collapsed face a wait of up to two months for a refund, Britain's air regulator has…

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Michelin announces the closure of its Bamberg site, Germany, by early 2021

The Michelin Group announced to its 858 employees its decision to cease the activities at its Bamberg site in Germany. The Bamberg site, opened in 1971, mainly manufactures Premium 16-inch…

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Norway increases support for education in crisis situations

‘Some 37 million of the children who are currently out of school live in areas affected by crisis and conflict. The fact that these children are deprived of their right…

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Minecraft unveils major new Nether update during MINECON Live

Minecraft has unveiled a major new update to the game that includes new biomes, mobs, structures, blocks, animals and visual effects. The Nether Update will add more features to the…

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Commissioner designate Gentiloni says he will try to strike balance between growth and sound budget management

Paolo Gentiloni, the European Commissioner-designate for Economic Affairs, has said that he will strike a balance between encouraging growth and sound budget management if his nomination is ratified. "As a…

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Police cybercrime raid in in former NATO bunker in Germany

A cybercrime data centre that was shut down by German authorities was housed inside a former NATO bunker in a sleepy riverside town. The police arrested 13 people between the…

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Photo Story: Green Mille Miglia car race in Italy

Participants in the first edition of the '1000 Miglia Green', the first endurance race specifically targeting electric and hybrid vehicles, in Brescia, Italy. The first edition of the endurance race…

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Repatriation of Thomas Cook customers to UK continues

A further 16,700 customers of collapsed British travel firm Thomas Cook are scheduled to be repatriated on Saturday on 76 flights, the country’s aviation regulator said. The Civil Aviation Authority…

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British-flagged ‘Stena Impero’ en route to Dubai

A handout photo made available by the British Ministry of Defence (MOD) shows the MV Stena Impero vessel (background), sailing from Bandar Abbas, Iran, en route to Dubai after being…

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European Commission announces winners of EU Product Safety Award

The European Commission revealed the winners of the first-ever EU Product Safety Award. The new award recognises businesses going above and beyond EU requirements for greater consumer safety. Eight companies…

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Saudi Arabia to open up to foreign tourists

Saudi Arabia will open its doors to international tourists for the first time as part of a broader push to cut its economic dependence on oil. On Friday, the kingdom…

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McDonald’s Tests New Plant-Based Burger in Canada

McDonald’s will be conducting a 12-week test of a new plant-based burger called the P.L.T., which stands for Plant. Lettuce. Tomato. in 28 restaurants in Southwestern Ontario, starting September 30.…

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Special Bus Service for Science in the City

Malta Public Transport is operating special routes for the Science in the City event in Valletta on Friday 27th September. Journeys depart from the Valletta Terminus every hour between 22:45…

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Jaguar Land Rover to close UK factories for a week over Brexit

Jaguar Land Rover will halt production at its British factories for a week in November, joining BMW and Toyota in plans to help mitigate any immediate disruption from a no-deal…

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Brussels Airlines cancels 105 flight due to Thomas Cook bankruptcy

Brussels Airlines have announced they will cancel 105 flights in October due to bankruptcy of tour operators Thomas Cook. A decision that is affecting 3,500 passengers. All the holidays that…

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Ryanair pilots told to take unpaid leave, relocate or face same fate of Thomas Cook

Ryanair has written to UK pilots asking them to take unpaid leave or transfer to other bases abroad, saying they could otherwise join the 9,000 job losses at Thomas Cook.…

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Kenyans rush to swap banknotes as cash ban looms

There is a rush in Kenya to offload old banknotes that within days would be worthless as the deadline looms before the Central Bank of Kenya bans all old edition…

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