Business

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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Ports across England given £10 million to prepare for Brexit

Sixteen ports across England will receive a share of a multimillion-pound funding pot to help their preparations for Brexit on 31 October, Transport Secretary Grant Shapps announced. The Department for…

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European economy faces growing risks from Brexit

Economic growth in the European Union is slowing down as the bloc faces increasing risks from global trade tensions and the unclear outcome of Brexit, the EU’s top economic commissioner…

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Loan agreement between Greece and the European Investment Bank

Greek Finance Minister Christos Staikouras (2-R) Minister of Infrastructure and Transportation Kostas Karamanlis (R), Vice President of EIB Andrew Macdowell (2-L) and Athens regional governor Giorgos Patoulis (L) shake hands…

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McDonald’s enlists Alexa and Google to help job seekers

McDonald’s Corp will let job seekers start an application by using voice commands with Amazon’s Alexa or Google’s Assistant. If users say, “Alexa, help me get a job at McDonald’s,”…

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Dutch bank ABN Amro subject to money laundering investigation

Dutch bank ABN Amro has been placed under investigation by Dutch prosecutors relating over suspected money laundering, it said today. Prosecutors said they believe that ABN Amro reported suspicious transactions…

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UK to repatriate 16,000 people on fourth day of Thomas Cook collapse

Britain’s Civil Aviation Authority (CAA) said over 70 flights are scheduled for Thursday to bring back 16,000 people to the country following the collapse of Thomas Cook. The authority also…

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New Zealand announces plans to regulate conduct of banks, insurers

New Zealand announced that it plans to regulate the conduct of financial institutions with new measures including a ban on target-based sales incentives, following a review by regulators. The government…

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‘Moral imperative’ to stop threat to media freedom

Lord Ahmad of Wimbledon, UK Minister for Human Rights, has said that the current crackdown on journalists across the world is a deep-rooted problem, and a rebuke to the rule…

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EU court rules Google doesn’t have to forget you

The US search engine Google has won a European Union court battle against plans to impose a global “right to be forgotten” law, which has tipped the balance in favour…

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3.9 billion tonnes of seaborne goods handled by EU

In 2017, the total gross weight of goods handled in European Union ports (inward and outward) was estimated to be almost 4.0 billion tonnes. Compared to 2016, this represents an…

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Boeing settles first lawsuit with 737 Max crash families

Boeing reached settlements with 11 families of victims from the deadly October 2018 crash of a Lion Air 737 Max aircraft in Indonesia, the company's law firm announced. The settlement…

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Ex- Danske Bank head caught up in fraud probe found dead

The former head of Danske Bank's arm in Estonia has been found dead days after he went missing. Police had been searching for Aivar Rehe since he left his home…

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Thomas Cook’s Polish arm Neckermann ‘insolvent’ after group collapse

Thomas Cook's Polish division, Neckermann Polska, has been declared insolvent, intensifying the crisis over the group's collapse. The news was announced by officials in Poland, little more than 48 hours…

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Thomas Cook collapse leaves huge negative impact on hotels across the Mediterranean

Hotel owners across the world are millions worth of losses after the collapse of Thomas Cook, which went into liquidation in the early hours of Monday. The firm offered trips…

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Microsoft’s Xbox To Be First Carbon Neutral Game Console With Test Program

Following this week’s UN Climate Action Summit, Microsoft has announced that through its Xbox, it has joined the newly-formed which consists of 21 leading video game companies who have pledged to…

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German airline Condor gets financial help

The immediate future of Condor, the German airline and subsidiary of the now insolvent Thomas Cook travel agency, was secured on Tuesday night following the German state's assurances of a…

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Slovenian flag carrier Adria Airways suspended all its flights over liquidity problems

Slovenian flag-carrier Adria Airways has ‘temporarily’ suspended flight operations, the airline announced on late Monday evening. Talks regarding an investment to save Adria Airways’ operations had failed. The airline’s request for…

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Leading automotive representatives warn of catastrophic consequences of a ‘no deal’ Brexit

A month before Britain is due to quit the European Union, the bloc’s car-makers have joined forces to warn of billions of euros in losses in the event of a…

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Saudi Arabia to restore full oil output by next week

Saudi Arabia has restored around 75 per cent of crude output lost after attacks on its facilities and return to full volumes by early next week, a source briefed on…

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The world’s reached a turning point on data and privacy, says Microsoft President Brad Smith

The world is at a turning point as people demand more control over the technology they use and their data, the President of Microsoft has said at an event in…

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UK tanker Stena Impero release imminent

Stena Impero, the British-flagged tanker detained by Iran on July 19, will be released soon, an Iranian maritime official. The Stena Impero was detained by Iran’s Revolutionary Guards in the…

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Greek economy shows signs of recovery

Greece's creditors are returning to Athens on for a fourth post-bailout evaluation to review whether Prime Minister Kyriakos Mitsotakis' planned tax cuts will affect Greece's economic results. A key factor…

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British Government and UK CAA launches largest repatriation in peacetime history after collapse of Thomas Cook

Following the collapse of Thomas Cook and the cancellation of all its flights, British Transport Secretary Grant Shapps has announced that the government and UK Civil Aviation Authority (CAA) has…

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British Foreign Office Advisory for British tourists in Malta following the collapse of Thomas Cook

The British Foreign Office has issued the following advisory for British citizens in Malta following the announcement that Thomas Cook has ceased trading. If you’re travelling and have been…

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Roughly 600,000 travellers stranded around the world after British tour operator Thomas Cook declares bankruptcy (Updated)

British tour operator Thomas Cook has ceased trading and all its hundreds of thousands of bookings canceled after the firm failed to secure rescue funding. The Civil Aviation Authority announced…

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