Business

‘Recognition, Personal Development and Stability’ Most Appealing Company Values by Job Seekers

Employee orientation and recognition, employee development and enhancement as well as job stability are the top three values that employees find most appealing when considering applying for a post with…

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Fatal light-aircraft crash in Italy

Two people are dead after a light aircraft crashed in the province of Savona. The aircraft, which took off from Vercelli and was heading to Villanova d'Albenga, went off the…

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ECB to test five Croatian banks

The European Central Bank said on Wednesday it would carry out a stress test of five Croatian banks, a preliminary step in Zagreb’s bid to join the euro zone. Zagrebačka…

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Photo Story: The Silver Spitfire

A handout picture (above) provided by the British Ministry of Defence (MOD) showing the Silver Spitfire (L), along with three other Spitfire aircraft, take off from Goodwood Aerodrome, Hampshire, southern…

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Midday Dispatch – Corporate and Financial News

Disney has had the biggest year at the box office for any film studio in history, as blockbusters like Avengers: Endgame have raked in billions for the Mouse House —…

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Italian chocolate maker’s Pernigotti’s Novi plant saved

Deputy Premier and Labour and Industry Minister Luigi Di Maio announced that an agreement has been reached to protect the jobs of the workers at the Pernigotti chocolate plant in…

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Two U.S. senators raise privacy concerns over Facebook’s Messenger Kids

Democratic U.S. senators Edward Markey and Richard Blumenthal have written to Facebook Inc questioning whether there was a “worrying pattern” of poor privacy protection for children using its Messenger Kids…

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Canada hints at penalties for internet firms that allow child exploitation

Internet companies that do not actively combat the online exploitation of children should face financial consequences, Canada’s public safety minister hinted after announcing an increase in police funding to fight…

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Sitting on Rome’s Spanish Steps banned, fines can go up to €400 if the steps are dirtied or damaged

Sitting on Rome's famous Spanish Steps is no longer allowed as the local police have decided to apply the rules in a more stringent way. The famous steps are also…

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HSBC Global Asset Management names Nicolas Moreau as CEO

HSBC Global Asset Management has appointed Nicolas Moreau as its new chief executive, the firm said in a statement, adding that he will join in September. Moreau, former head of…

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MiddayDispatch – Corporate and Financial News – 6th August 2019

Inbound tourist trips for the first six months of 2019 amounted to 1,208,068, an increase of 3.9 per cent over the same period in 2018. Total nights spent by inbound…

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Midday Dispatch – Corporate and Financial News

In June 2019, the seasonally adjusted index of industrial production for Malta increased by 1.9 per cent. Increases were registered in the production of energy (4.7 per cent), consumer goods…

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China’s yuan slips to 11-year low

The Chinese yuan fell more than 1% on Monday, dropping below the 7-per-US-dollar mark for the first time since the global financial crisis. The dip came days after Beijing warned…

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Microsoft announces IoT Signals research report on state of IoT adoption

Microsoft Corp. announced IoT Signals, a new research report designed to provide a global overview of the IoT landscape. Microsoft surveyed over 3,000 IoT decision-makers in enterprise organizations in order…

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Venice asks other ports to help find solution to cruise ship problems

Venice has appealed to the main European cruise ship destinations, from Amsterdam to Barcelona, Dubrovnik and Marseille, to unite in tackling the dangers and environmental impact of big cruise liners.…

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Monday’s Heathrow strike suspended

A strike due to start at Heathrow Airport on Monday has been suspended so that further talks can take place to resolve a pay dispute. Thousands of members of the…

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WWII Spitfire set for round-the-world flight

Two British aviators take off Monday on a first-ever attempt to fly a Spitfire around the world, proclaiming the iconic fighter plane as a symbol of freedom. The restored plane…

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Oil prices drop as U.S.-China trade war fuels growth concerns

Oil prices fell on Monday amid concerns about weaker crude demand after U.S. President Donald Trump said he would impose tariffs on more Chinese imports, potentially ramping up a trade…

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HSBC chief executive resigns in top level reshuffle

John Flint, the chief executive of HSBC has stepped down after the bank said it needed a change in leadership to address a "challenging global environment". Flint is giving up…

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Flights leave without luggage at Brussels Airport on the busiest day of the year

Brussels Airport is currently experiencing technical problems with the baggage-handling system this Saturday morning, on what is expected to be the airport’s busiest day of the year. According to the…

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Small and mid-sized British manufacturers’ optimism deteriorates

Business optimism amongst SME manufacturing firms deteriorated in the three months to July, at the fastest pace since July 2016. That’s according to the latest quarterly The Confederation of British…

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Global Forum to tackle youth employment crisis

More than 200 young people from around the world will be attending the Global Youth Employment Forum in Abuja , Nigeria to discuss how to ensure more and better quality jobs…

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New EU – US deal to sell more American beef to Europe

U.S. President Donald Trump announced a deal on Friday to sell more American beef to Europe. The European Commission has stressed that any beef deal will not increase overall beef…

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Heathrow Airport cancels 172 flights

Heathrow Airport will cancel 172 flights on Monday and Tuesday after thousands of workers overwhelmingly rejected a revised pay offer. Unite said 88% of its 4,000 union members - who…

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Bulgarian Kristalina Georgieva selected by EU for IMF top job

Kristalina Georgieva, the Bulgarian chief executive of the World Bank, has been picked as Europe's choice to lead the International Monetary Fund (IMF) after a divisive 14-hour round of voting…

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Malta: Planning Authority accused db group of damaging its reputation

The Planning Authority has accused the db group of damaging the government body’s reputation because it marketed accommodation long before the City Centre project had the clearance. Newsbook reports that…

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Malta Public Transport unveils 40 new buses

Malta Public Transport announced the addition of 40 new buses, expanding the volume of trips by 66,000 every year. The €9 million investment increases the public transport fleet in Malta…

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Salvini once more warns about the possibility of early elections

Deputy Premier and Interior Minister Matteo Salvini has said Prime Minister Giuseppe Conte's government could collapse and early elections called if the 2020 budget law does not feature big tax…

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Midday Dispatch – Corporate and Financial News

U.S. President Donald Trump will make a trade announcement about the European Union later on Friday, according to a notice from the White House issued late on Thursday night. Reuters A…

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British holiday firms LateRooms and Superbreak close down

Booking website LateRooms.com and York-based holiday agent Superbreak - both owned by the Malvern Group - folded on Thursday. Between them, they had some 53,000 customers. In a statement, Malvern…

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Boeing to change 737 MAX flight-control software to address flaw

Boeing plans further changes to the software architecture of the 737 MAX flight-control system to address a flaw discovered after a test in June, according to two people briefed on…

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Trump escalates trade war with more China tariffs

US President Donald Trump has said he will impose a fresh 10% tariff on another $300bn of Chinese goods, in a sharp escalation of a trade war between the two…

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Japan drops South Korea as a preferred trading partner

Japan removed South Korea from its list of trusted trade partners, deepening a bitter row between the two countries. The decision to strike South Korea off its so-called "white list"…

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Revolut launches free share trading in Europe

Digital finance business Revolut is launching a fee-free share-trading service in the UK and Europe on Thursday, seeking a slice of the brokerage-controlled market to continue the company’s rapid…

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Midday Dispatch – Corporate and Financial News

Britain is ramping up preparations for a no-deal Brexit by spending an extra 2.1 billion pounds to make sure the country is ready to leave the European Union with or…

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McDonald’s removes plastic lid from McFlurry packaging

McDonald’s has removed the plastic lid from its McFlurry packaging and has introduced carton board cups for this iconic ice-cream range. This is the second action taken by McDonald’s in…

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NOC reinstates force majeure on Libya’s largest oilfield “Sharara”

The Libya Observer reports that the National Oil Corporation (NOC) announced the reinstatement of force majeure on crude oil loadings at Al-Zawiya port starting on Tuesday, July 30. The NOC…

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Iran slashes four zeroes from currency

Iran is to remove four zeroes from its national currency, the rial, as the country struggles with soaring inflation. The oil-rich nation's economy has been hit hard by unilateral sanctions…

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Ford warns no-deal Brexit risk has risen

Ford President, Joseph Hinrichs told BBC radio on Thursday that the chances of a no-deal Brexit had risen in the last few months as new Prime Minister Boris Johnson ramps…

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Ryanair boss warns as many as 900 jobs could be at risk

Ryanair boss Michael O'Leary has warned staff to prepare for job cuts in the coming weeks, saying the airline has 900 too many pilots and cabin crew. In a video…

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BoE’s Carney warns of bankruptcy for firms that ignore climate change

Businesses that fail to adapt to climate change will go bust, warned Bank of England Governor Mark Carney. “Companies that don’t adapt - including companies in the financial system -…

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Irish manufacturing conditions deteriorate at fastest pace since April 2013

Irish manufacturing growth slowed in July at the fastest pace since April 2013, with output contracting at the sharpest and fastest rate in more than six years, a survey showed on Thursday.…

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Fiat 500 for Carsharing in Russia

Users of the Russian carsharing service Delimobil will be able to drive the extraordinary Fiat 500. It is not often that we see this car on Moscow streets and it…

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Pickups drive Fiat Chrysler to 14% profit hike

Fiat Chrysler stuck to its full-year profit guidance on Wednesday after operating profits topped expectations in the second quarter, with record results in the North American market helping it to…

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Malta Air to operate Ryanair’s French, German, Italian bases

Ryanair has confirmed that its Maltese subsidiary Malta Air will take over its parent's bases in France, Germany, and Italy. In a quarterly earnings release, Ryanair said that this start-up…

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Italian unemployment lowest since 2012

Italy's unemployment rate dropped for the fourth consecutive month in June, falling by 0.1 of a percentage point with respect to May to 9.7%, ISTAT said on Wednesday. The national…

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Midday Dispatch – Corporate and Financial News

Apple delivered upbeat guidance for the rest of 2019 and beat analyst estimates for its fiscal third quarter, suggesting more momentum than expected even as iPhone sales shrink. Financial Times Asian…

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London underground station closed due to overcrowding

Transport for London (TfL) said that the temporary closure of London’s North Greenwich underground station was due to overcrowding. Passengers at the station were told to leave due to an…

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German unemployment rises less than expected in July

Data from the German Federal Labour Office showed that German unemployment increased less than expected in July, data showed on Wednesday, suggesting that the labor market in Europe’s largest economy…

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Home comforts and immersive tech come out on top in ground-breaking global report by British Airways on the future of air travel

Hyper-personalisation, immersive virtual realities, 3D printed health solutions, modular aircraft connected to city infrastructure, hypersonic flying and the rise of super-slow ”flight cruises”, are all part of the future of…

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Five Country Security summit ends with pledges to tackle emerging threats

Tech companies should prioritise the protection of their users and the wider public when designing services, the UK and international security partners have warned. Senior ministers from the UK, Australia,…

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Photo story: Founder of India’s largest cafe chain found dead

People walk near the logo of a Cafe Coffee Day, India's Largest cafe chain in New Delhi, India, 30 July 2019. According to a news report, VG Siddhartha, the founder…

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Libya’s central bank drops dollar purchase fees to 163%

Reuters reports that the Libyan Presidential Council on Tripoli of the Government of National Accord (GNA) announced on Tuesday that it will cut the fee on sales of dollars and…

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Midday Dispatch – Corporate and Financial News

Sterling faced a fresh blow on Tuesday, deepening its losses for July to more than 4 per cent amid rising expectations in currency markets that the UK will drop out…

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US bank Capital One suffers massive data breach

Capital One, the US bank, said on Monday that it had suffered a massive data breach, reporting that an outside hacker obtained the personal data of more than 100m customers…

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PG Group’s Paul Gauci donates significant contribution in innovative CSR initiative to support Caritas and Dar Tal-Providenza

Entrepreneur Paul Gauci made a promise to Mgr Victor Grech 20 years ago as they sat together in Qawra that summer: that he would help Caritas – which the priest…

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Midday Dispatch – Corporate and Financial News

Spain's High Court on Monday placed the country's second-largest bank BBVA under formal investigation as part of a probe into an alleged spying case that dates back to 2004, the…

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