Business

Corporate and Financial News Roundup

The seasonally adjusted monthly unemployment rate in July was 3.4%, the National Statistics Office said. It said that according to figures from the Labour Force Survey and Jobsplus, this was at…

Read More Here

Growing concern in the UK as police register dramatic increase in e-scooters incidents

Police across the UK revealed more than 1,600 incidents involving e-scooters, hoverboards and Segways have been reported since 2018. Sky News reports that road safety campaigners have voiced concerns after…

Read More Here

Lexus Sponsors First Solo Show By Lexus Design Award-Winning Studio Tangent At 2019 London Design Festival

Lexus is the proud sponsor of the first major solo exhibition by the London-based design engineering studio Tangent. Works by Tangent will be on public display on the Paddington Central…

Read More Here

Russia unveils competitor to Boeing and Airbus

Russia unveiled on Wednesday its new passenger plane MC-21, billed as a competitor to Boeing and Airbus even as the project is overshadowed by sanctions and setbacks with its predecessor,…

Read More Here

French police destroy virus that infected over 850,000 computers worldwide

A specialized team of French police dubbed has destroyed a virus know as, Retadup, that infected more than 850,000 computers worldwide. The network of infected computers, known as a botnet,…

Read More Here

Holiday firm Thomas Cook agrees key terms of rescue deal

Thomas Cook Group said on Wednesday it had agreed the key commercial terms of a rescue package with investor Fosun Tourism, its banks and a majority of its bondholders. The…

Read More Here

Pound falls on report Britain’s Queen could be asked to suspend parliament

Sterling fell on Wednesday after a BBC journalist said that Britain’s Queen Elizabeth could be asked as early as Wednesday to agree to suspend parliament. The pound, already trading lower…

Read More Here

Switzerland’s first crypto banks receive licences

The Swiss financial regulator has awarded banking and securities dealer licences to two new “crypto banks”. SEBA and Sygnum have been cleared to operate, a major milestone for the fledging…

Read More Here

The US, the EU, Iceland, and Norway Sign Agreement To Remove Time Constraints on Air Carrier Leases of Aircraft with Crew

The United States, the European Union, Iceland, and Norway signed an agreement to remove one-sided time constraints on U.S. air carrier leases of aircraft with crew in the lucrative U.S.-EU…

Read More Here

Facebook expands ‘Local Alert’ tool

Facebook announced on Tuesday that it was rolling out a tool that aims to provide users with potentially life-saving information in emergencies, as it seeks to improve its public image…

Read More Here

Corporate & Financial News Update

Oil prices rose on Tuesday after U.S. President Donald Trump predicted a trade deal with China following positive comments by Beijing, calming concerns raised by an earlier round of tit-for-tat…

Read More Here

Johnson & Johnson fined US$ 572 million in relation to US opioid crisis

An Oklahoma judge on Monday found Johnson & Johnson and its subsidiaries helped fuel the state's opioid crisis and ordered the consumer products giant to pay $572 million to clean…

Read More Here

Huawei in talks with Russia to provide OS system to use for country’s census

China’s Huawei has begun talks with Russia about installing Russian operating system (OS) Aurora on 360,000 of its tablets to conduct Russia’s population census next year, two sources told Reuters.…

Read More Here

Photo Story: Plane to be used as artificial diving site in Jordan

A Lockheed L-1011 Tristar is submerged into the waters of the Red Sea to create an artificial diving site, in Aqaba, Jordan, 26 August 2019. The sunken plane belonged to…

Read More Here

Trump says US and China to resume trade talks

President Donald Trump has said the US and China will "very shortly" resume trade talks after a weekend of escalating tension with Beijing. "China called last night... said let's get…

Read More Here

Corporate and Financial News Update

The United States and China sought to ease trade war tensions on Monday, with Beijing calling for calm and U.S. President Donald Trump predicting a deal after markets fell in…

Read More Here

The Night Eagle has landed

The Night Eagle has landed on the latest Jeep Renegade and Compass models. With the addition of black accents to this well specified model, this new trim level delivers a…

Read More Here

Costa Coffee UK accused of treating workers inhumanly

The BBC reports that Costa Coffee workers have made numerous claims alleging poor working conditions across 29 franchise stores. The BBC has spoken to 26 employees of Costa Coffee franchise stores managed…

Read More Here

Iberia ground handling staff on strike at Barcelona-El Prat Airport

A view of several Spanish airline Vueling's planes are seen parked during the second day of the strike called by Spanish Iberia ground handling staff at Barcelona-El Prat Airport, El…

Read More Here

Photo Story: The Rally of Germany 2019

Daniel Sordo of Spain drives his Hyundai i20 WRC during day 3 of the Rallye Germany 2019 or the ADAC Rallye Deutschland 2019, in Bostalsee, Germany This rally was first held…

Read More Here

Microsoft to build data centre in Malmo

Microsoft has struck a deal to build data centers powered entirely by renewable energy in in Staffanstorp outside Malmo in Sweden. It is the third land investment Microsoft has made…

Read More Here

Ryanair closing four Spanish bases

Ryanair announced it is closing four of its bases in Spain, a move a Spanish union said would result in more than 500 job losses. The effected bases are of…

Read More Here

Shots fired at tourist bus in Petra, Jordan

The Jordanian authorities insisted that no tourists were wounded when tourist bus came under fire in Petra. Petra Chief Commissioner Sulaiman Farajat told The Jordan Times that the vehicle was…

Read More Here

All major UK airports to introduce 3D baggage screening

All major UK airports must introduce 3D baggage screening equipment before the end of 2022, the government says. Announcing the new plans, Prime Minister Boris Johnson said the scanners would…

Read More Here

Will Germany ditch the Balanced-Budget pledge? – FT

Any other country that had run a budget surplus for the last five years and was now facing a recession would have a clear response. Indeed, the pressure on policymakers…

Read More Here

Google warns workers to tone down political rhetoric at work

Google has warned its workers to tone down the divisive political debate and ideological feuding that have caused severe ructions at the technology company — or risk seeing tighter controls…

Read More Here

Guernsey property development vehicle to acquire Moldova’s sole airport operator

Guernsey based property development vehicle, NR Investments Ltd, has agreed to acquire a 95% stake in Avia Invest, operator of Moldova's Chisinau International Airport. Chisinau is the largest and sole…

Read More Here

Ireland to try block Mercosur trade deal because of concerns over Amazon fires

As wildfires rage through the Brazilian Amazon, Irish Prime Minister Leo Varadkar has said Dublin will vote against a trade deal between the European Union and South American trade bloc…

Read More Here

Leading fashion companies to make G7 pledge to help environment

Major fashion companies from around the world said on Friday they had signed a pact which they would present at this week’s G7 summit in Biarritz, France, to help protect…

Read More Here

Midday Dispatch – Corporate and Financial News

Read More Here

Switzerland adopts EU laws on drones and post-Brexit aviation

Switzerland has taken over a EU security framework laying out new rules for drones and guarantees the continuation of aviation activities between Bern and London after Brexit. The Swiss Federal…

Read More Here

Hasbro to buy Peppa Pig for $4bn

US toy maker Hasbro will acquire Peppa Pig owner Entertainment One for around $4 billion, the firms said in a statement. Hasbro said the deal would expand its entertainment and…

Read More Here

Bank warns Hong Kong protests will hit economy

The Hong Kong-based Bank of East Asia Ltd (BEA) has warned that weeks of protests in Hong Kong could hit the economies of the Chinese-ruled city and mainland China itself…

Read More Here

Qantas to test 19-hour flights to New York

Qantas will run test services of its planned 19-hour flights to determine whether passengers and crew can withstand the marathon journeys. The airline wants to operate non-stop services from Sydney…

Read More Here

Ryanair passengers face disruption as UK strike starts, Irish strike averted

Thousands of Ryanair passengers could face disruption as a two-day strike by UK pilots gets under way. On Wednesday, the airline lost a legal challenge in the High Court to…

Read More Here

IMF recommends scrapping age limit for Georgieva

The International Monetary Fund (IMF) said its executive board recommended the removal of the age limit for its managing director, a move needed for European nominee, the Bulgarian Kristalina…

Read More Here

Express Trailers Invests in New VRT Station

Express Trailers’ sister company Express VRT Ltd has just inaugurated its new VRT Service Centre. Formerly located inside the operations yard, the new VRT garage has now been relocated to…

Read More Here

Facebook’s Libra faces EU antitrust scrutiny

Facebook’s proposed digital currency Libra faces anti-trust probe by European Union regulators, Bloomberg reported, citing a document seen by the organization. The European Commission is “currently investigating potential anti-competitive behaviour”…

Read More Here

Marks & Spencer loses Saudi Arabian franchise partnership

Saudi Arabian retailer Fawaz Abdulaziz Alhokair Co. has pulled out of its franchise partnership with British store group Marks & Spencer and has ended similar agreements with a number of…

Read More Here

Europe might get into recession – Renowned economist warns Britain, Italy and Germany are ‘paralysed’ by domestic issues

Europe has a 70% chance of plunging into recession, according to renowned economist and bond market expert Mohamed El-Erian, with Britain, Italy and Germany “paralysed” by domestic issues that have…

Read More Here

Midday Dispatch – Corporate and Financial News

Swiss watch exports to their top market Hong Kong fell a modest 1.3% in July amid increasingly violent anti-government protests in the former British colony that have weighed on watch…

Read More Here

Microsoft’s AI team engages Former Apple SIRI chief

Bill Stasior, the former head of Apple’s Siri division, is leaving the company after nearly 1a decade to join Microsoft’s artificial intelligence division, reports The Information. Although Stasior left Apple…

Read More Here

French tourists risking jail for sand theft from beach in Sardinia

A French couple who were caught with 40kg of Sardinian sand in their car could face up to six years in jail. They say they wanted to take the sand…

Read More Here

Legal action by Ryanair to prevent Irish pilots’ strike

On Monday the High Court in Dublin will hear an application by Ryanair aimed at securing an order preventing industrial action by some of its Irish based pilots later this…

Read More Here

Microsoft, Nvidia team up for more realistic visuals on Minecraft game

Microsoft Corp said on Monday it will use chip-maker Nvidia Corp’s real-time ray tracing technology to provide the software company’s Minecraft video game players more realistic graphics on personal computers.…

Read More Here

Ten European cities seek EU help in battle between tourists’ impact on short-stay lettings and residents needs

Ten European cities have demanded more help from the EU in their battle against Airbnb and other holiday rental websites, which they argue are locking locals out of housing and…

Read More Here

Photo Story: Ferry boat runs aground in Denia, Spain

The Balearia company's ferry, Pinar Del Rio, in Denia, Alicante, Spain 17 August 2019 after it ran aground on the breakwater of the port in Denia. A total of 393…

Read More Here

Germany ready to ditch balanced budget in case of recession

Germany’s coalition government would be prepared to ditch its balanced budget rule and take on new debt to counter a possible recession, according to a report in Der Spiegel magazine.…

Read More Here

Malta : Bond Issuer Rankings – Edward Rizzo

All bond issuers on the Regulated Main Market and the companies that act as guarantors to several of the issuers have now published their annual financial statements and also their…

Read More Here

Photo Story: Japan’s retired Air Force One is up for sale

Japan's Air Force One taxies as they arrive at Helsinki-Vantaa Airport in Helsinki, Finland, on the 9 July 2017. According to media reports, Japan has retired its version of Air…

Read More Here

Crew from German and Greek ships kidnapped by pirates off Cameroon

Pirates have kidnapped eight crew members of a German-owned ship, the MarMalaita, in a raid on the vessel off Douala, off the coast of Cameroon as well from a Greek…

Read More Here

IoScoot celebrates a year of growth

IoScoot is celebrating its first anniversary. It’s been one year since the electric motorbike-sharing service was launched in Malta in 2018, introducing an innovative mobility solution to the Maltese islands.…

Read More Here

Computer outage causes delays at several US airports

Travellers have been delayed at several major US airports due to a technical issue affecting customs checks. US authorities said computers are coming slowly back online after a nationwide outage…

Read More Here

Cathay Pacific CEO resigns

The chief executive of Cathay Pacific, Rupert Hogg, has resigned in the wake of the protests in Hong Kong. Paul Loo is also leaving as chief customer and commercial officer.…

Read More Here

Brazil threatens Mercosur exit

Brazil's economy minister has said the country could leave the Mercosur trade bloc if Argentina's opposition wins presidential elections later this year. He also questioned how dependent Brazil's economy was…

Read More Here

German police smash child pornography ring on darknet

German cybercrime experts brought down a child pornography platform on the darknet following months of intensive investigation, authorities in the German state of the Mecklenburg-Western Pomerania announced. German police were first…

Read More Here

Ryanair cabin crew in Spain threaten 10 days of strikes in September

Unions representing Ryanair cabin crew in Spain have announced plans to hold 10 days of strikes in September unless the airline changes its plans to close several bases in the…

Read More Here