Business

Trump attacks Federal Reserve Chair after rate cut was less generous than he expected

President Donald Trump blasted the Federal Reserve Chair Jerome Powell as a “terrible communicator,” after the U.S. central bank’s rate cut was less generous than what Trump wanted. The Federal…

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Germany passes comprehensive blockchain strategy, vows to fight any efforts to issue parallel currencies

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Microsoft to donate all the money it makes from tickets to this year’s X019 event to charity

Microsoft will donate all the money it makes from selling tickets to this year’s X019 event in the UK to gaming charity SpecialEffect. Tickets to attend the highly-anticipated Xbox show,…

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Island Insurance Brokers Celebrates 30th Anniversary with collective art exhibition

Island Insurance Brokers Ltd was this year celebrating the 30th anniversary since the start of its operations in 1989. These celebrations reach their climax later this month with the inauguration…

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Oil price recedes on Saudi supply reassurance

Oil prices cooled on Wednesday as Saudi Arabia said the kingdom had fully restored its oil supply following attacks on its crude facilities although caution ahead of an expected U.S.…

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Apple takes fight against 13-billion-euro EU tax order to court

Apple will launch a legal challenge on Tuesday to a European Commission order to pay 13 billion euros ($14.4 billion) in Irish back taxes in a landmark case in the…

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Paris wants to give €500 subsidies for e-bikes

The Île-de-France transport authority plans to offer citizens €500 to buy an e-bike in 2020. A growing number of local and national governments are following this model to make green…

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Around 12 million children may never see a classroom, UNESCO data reveals

New data published by the United Nations cultural agency, reveals that without taking urgent measures, around 12 million young children will never set foot inside a school, with girls facing…

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Disney CEO resigns from Apple board

Apple Inc announced that Walt Disney Co Chief Executive Officer Bob Iger had resigned from the company’s board of directors on Sept. 10 as the two companies prepare to compete…

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KLM to cut one daily flight from Brussels to Amsterdam

The Dutch airline, KLM, will cancel one of its daily flights between Brussels and Amsterdam Schiphol in March 2020, the company announced. Instead of the flight, passengers will be encouraged…

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France and Germany agree to block Facebook’s Libra

France and Germany have agreed to block Facebook’s Libra cryptocurrency, the French finance ministry said on Friday. In a joint statement, the two governments affirmed that “no private entity can…

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German government insists economy not heading for pronounced recession

Europe’s largest economy is not facing a bigger downturn or a pronounced recession after contracting slightly in the second quarter but there are no signs of a turnaround yet either,…

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Attempt to disrupt Heathrow air traffic with drones thwarted

Climate change protesters trying to fly drones to disrupt Heathrow Airport claim they have been blocked by "signal jamming" as two people were arrested on Friday. Heathrow Pause - a…

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Additional round of layoffs at Uber

Uber announced an additional round of layoffs Tuesday, this time from its product and engineering teams. A total of 435 people are to be laid off, or around 8 percent…

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Paris braces for Friday’s massive public transport strike

Public transport in Paris will be extremely disrupted on Friday due to a strike called by transport unions. Transport unions have called for a major walk-out in protest against pension…

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France fines Google nearly €1 billion

The French government and Google have reached a €945 billion settlement over tax fraud allegations, concluding investigations by authorities that have been ongoing for years. A Paris court approved the penalty on Thursday of €500…

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Netanyahu’s Facebook page suspended

Facebook has sanctioned Benjamin Netanyahu’s official page, after a post called on voters to oppose a government composed of “Arabs who want to destroy us all – women, children and men.” Facebook said the…

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Photo Story: Highlights from the Frankfurt International Motor Show

Photographic highlights of some of the vehicles on display during the International Motor Show (IAA) in Frankfurt, Germany. The 2019 International Motor Show Germany IAA 2019, which this year promotes…

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Boris Johnson pledges to bring shipbuilding back to the UK

Thousands of jobs in the British shipping industry will be created over the next decade, the Prime Minister Boris Johnson will announce on Thursday, as he pledges to bring shipbuilding…

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Warning of higher risk of recession in Germany

There is an almost 60% chance that the German economy could fall into recession, according to a monthly index gauging the health of Europe’s largest economy published on Thursday by…

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Air traffic at Mitiga Airport in Libya to remain suspended

The management of Mitiga Airport has confirmed that air traffic will remain suspended until further notice. "The air traffic will only be resumed by a letter from the Civil Aviation…

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HSBC plans sale of French retail banking business

HSBC is planning to exit its French retail banking business under interim chief executive Noel Quinn, the Wall Street Journal reported, citing people familiar with the matter. The likeliest buyer…

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Luxol St Andrews Unveil New Coach, Line-Up for 2019-2020 Season

Luxol St Andrews today unveiled their new coach and line-up for the 2019-2020 season. The club will be led by Brian Said who is returning to the club after being…

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E-scooters banned from Oktoberfest festival grounds in Munich

Strict restrictions and no-go zones have been set up for this year's Oktoberfest targeting e-scooters. The city of Munich announced a raft of restrictions for e-scooters during this year's Oktoberfest.…

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Paedophiles turning their attention to Instagram

Sexual grooming crimes have soared by a third in a year as paedophiles turn to Instagram to target children as young as 11, the National Society for the Prevention of…

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Frankfurt all revved up for the International Motor Show IAA 2019

A vintage Alfa Romeo roadster is driven to its position at a classic cars' stand as preparations are underway for the for the International Automobile Exhibition IAA in Frankfurt/Main, Germany.…

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Apple’s iPhone 11 Pro unveiled

Apple has unveiled its iPhone 11 range of handsets, which feature more cameras than before and a processor that has been updated to be faster while consuming less power. The…

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Societal Wellbeing is a shared responsibility – Malta2030

In line with Corporate ID Group' mission to empower, enable and foster meaningful communications and communities, today we had the privilege to brief H.E. President of Malta George Vella our…

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World Bank’s Georgieva sole candidate for IMF’s managing director role

World Bank boss Kristalina Georgieva is the sole candidate to become the International Monetary Fund’s managing director this fall. The IMF confirmed the Bulgarian is the only nominee to replace the…

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Boost for hauliers’ Brexit preparation as multi-million-pound campaign launched

A multi-million-pound information campaign is being launched across the UK and Europe to ensure businesses and hauliers are prepared for the UK to leave the EU on 31 October 2019,…

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Microsoft chooses 555 UK educators to lead innovation in the classroom

More than 500 educators from across the UK who use technology to help students learn have been named Microsoft Innovative Educator Experts. A total of 555 educators have been recognised…

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Cargo ship capsizes off the coast of Georgia in the US

Handout photos made available by the US Coast Guard showing a general view of a disabled cargo vessel with a fire on board in St. Simons Sound, Georgia, USA. The…

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Britain at risk of losing leading edge in maritime services

Britain’s position as a top hub for maritime services is being eroded by competition, a loss of shipping finance business and the removal of tycoon-friendly tax breaks, a report said,…

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FDI in Luxembourg, Netherlands, Malta, Ireland, Switzerland and British territories fuelled by multinational corporate tax avoidance – Research

40% of the world’s stock of foreign direct investment (FDI) is “phantom” capital, designed to minimise companies’ tax liabilities rather than financing productive activity, according to research. The Financial Times…

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