Business

Ryanair expects average fares to fall 6% in key summer season

Ryanair Holdings Plc on Monday warned fares would fall by 6% in its key summer season this year, in part due to overcapacity in Germany and Brexit fears in the…

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UK police investigating near miss between drone and plane

Thames Valley Police is appealing for information after the incident between a light aircraft and a drone in the skies above Oxfordshire. The near miss between a drone and…

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Half of UK adults now using social media for news

Half of all UK adults now use social media to get the latest news, according to a new survey by UK regulator Ofcom, with half also getting their news from…

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Photo Story: Dinosaurs on the loose in Bochum, Germany

Life size replicas of dinosaurs stand in the city centre of Bochum, Germany. Bochum's city centre is transformed into a 'dinosaur city' during the summer months. Thirty-three life-size dinosaurs were…

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Government reports €156.2 million deficit – NSO

By the end of June 2019, Government’s Consolidated Fund reported a deﬁcit of €156.2 million, the NSO said today. During the ﬁ rst half of 2019, recurrent revenue rose by…

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Yankee Candle founder Michael Kittredge II died at 67

Candlemaker Michael Kittredge II, who founded Yankee Candle as a teenager in his family home in 1969, has died. Kittredge was 67. He died Wednesday night at Brigham and Women's…

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Armani sees first signs of recovery

Sales at Italian fashion group Giorgio Armani fell for the third year in a row in 2018, although the company said that its restructuring strategy had begun to pay off…

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Photo Story: Austria Railways tests tracks painted in white against heat

An handout photo made available by the Austrian Federal Railways (OeBB) shows white paint on railway tracks, at a test area near Bludenz, Austria. The OeBB carried out a first…

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British Airways to resume flights to Cairo on Friday

British Airways will resume flights to Cairo following a week-long suspension over security concerns. British Airways had suspended flights to Cairo on Saturday for seven days “as a security precaution”…

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Johannesburg power supplier falls victim to ransomware attack

City Power, responsible for powering South Africa’s financial capital Johannesburg, announced on Thursday that it had been hit by a ransomware virus that had encrypted all of its databases, applications…

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Facebook removes fake accounts from Thailand, Ukraine, Honduras and Russia

Facebook said on Thursday it had erased over 1,800 accounts and pages from Thailand, Russia, Ukraine and Honduras, its latest move to counter deceptive political propaganda and other abuses of…

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Midday Dispatch – Corporate and Financial News

The European Central Bank (ECB) prepared markets for more easing measures on Thursday, causing the euro to fall to a two-year low against the dollar. Reuters Turkey’s central bank slashed its…

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Wizz Air raises capacity outlook

Low-cost airline Wizz Air raised its capacity outlook as it delivered strong results for the three months ending June 30, bucking a recent trend of bad news in the industry.…

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Nissan to cut 12,500 jobs worldwide

Japanese car giant Nissan has announced 12,500 job cuts as it attempts to shore up its finances after recent troubles. It will reduce its production capacity and the number of…

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Boeing warns it may stop 737 Max production

Boeing is warning that it might have to halt production of the 737 Max if grounding continues much longer. The company reported its largest-ever quarterly loss of $3.4bn on Wednesday…

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Ryanair Portuguese cabin crew to strike in August

Portuguese cabin crew working with Ryanair are planning to strike in August over pay and working conditions, according to a domestic union. The National Union of Civil Aviation Flight Personnel…

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Thousands still stuck at Schiphol airport as problems persist into Thursday

Thousands of passengers were left with few options at Schiphol Airport as hundreds of inbound and outbound flights were cancelled or faced hours-long delays. "The situation is not expected to…

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Two charged with terrorism over Bulgaria’s biggest data breach

Prosecutors have charged two workers at a cybersecurity company with terrorism as part of an investigation into Bulgaria's biggest-ever data breach, a lawyer for the defendants said on Wednesday. Georgi…

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Alitalia strike set for Friday moved to September 6

A 24-hour strike by Alitalia pilots and flight attendants has been put off from Friday until September 6, unions announced. The unions took the decision after appeals from the strike…

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Two private planes crash at Italy-France border

Two private tourist planes collided at the French-Italian border on Wednesday. The incident happened in the skies above Larche and Batterie de Viraysse, in France's Haute-Savoie region, on the border…

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India seems set to ban private cryptocurrencies

In a setback for cryptocurrency enthusiasts and start-ups, India seems all set to ban private cryptocurrencies after an inter-ministerial committee (IMC) suggested outlawing private cryptocurrencies, like Bitcoin, apart from declaring…

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Gloomy outlook for Euro zone business growth

Euro zone business growth was weaker than expected in July, hampered by a deepening contraction in manufacturing, and forward-looking indicators in surveys published on Wednesday suggest conditions will get worse…

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Midday Dispatch Corporate and Financial News

Incoming British Prime Minister Boris Johnson may need to rethink his stance on Brexit, given Parliament’s opposition to a so-called hard Brexit, a UBS investor projected on Wednesday. That’s likely…

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Nationwide transport strike in Italy

A nationwide strike of transport workers effecting trains, metros, buses and ferries kicked off on Wednesday morning. The strike will also effect air transport with planes will be grounded on…

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30 Poles injured after bus crash in southern Turkey

At least 30 Polish citizens were injured, including three seriously, after a bus crashed down a wooded slope near the southern Turkish resort of Kemer, according to a Polish ministry…

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MISCO introduces innovative programme in strategic marketing

MISCO launched a new Level 6 Award in Strategic Marketing offering a mix of lectures and real-world practice using a revolutionary learning platform. This qualification is accredited by the National…

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US to open antitrust review of big tech firms

The United States Justice Department said on Tuesday that it was opening a large-scale antitrust investigation of big US tech firms. The probe will look into "whether and how market-leading online…

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23

Jul

Bolt International terminates agreement with Maltese operator

Net News revealed that Bolt International terminated the agreement with the company which used to operate the service in Malta. The letter states that Bolt International (formerly TAXIFY) took the…

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Bravo teams with Scouts in clean-up and tree planting initiative

A group of around 30 scouts from the Stella Maris College Scout Group, together with their Scout Leaders, have recently undertaken cleaning activities in Gharghur, in the area better known…

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British Airways pilots vote in favour of industrial action in dispute over pay

British Airways pilots have voted heavily in favour of industrial action in a dispute over pay. Members of the British Airline Pilots’ Association (Balpa) backed action by more than 9-1…

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Global businesses – including Google and Microsoft – back UK to block cyber threats with new tech

Major businesses including Google and Microsoft are backing the UK to become a world leader in tackling the most damaging cyber security threats, helping to ensure the UK remains one…

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UniCredit considering 10,000 redundancies

Italy's biggest bank, UniCredit, is considering making 10,000 staff redundant according to a new strategic plan that will be presented in December, Bloomberg News reported Monday, citing persons close to…

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Microsoft Increases Focus on iGaming Sector

Mr Adrian Gatt has been appointed Business Development Manager for Microsoft in Greece, Malta and Cyprus with a specific focus on the iGaming industry. “My position is not just for…

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Midday Dispatch Corporate and Financial News

European shares were flat to marginally higher in early trading on Monday, with Italian shares recovering some ground after a bout of selling driven by political nerves as all eyes…

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Lufthansa resumes services to Cairo

Lufthansa has resumed flights from Cairo, but British Airways says services will still be cancelled for another six days as a "precaution". On Saturday BA alerted passengers who were…

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Switzerland could lose billions in global corporate tax reform push

Switzerland stands to lose up to CHF10 billion ($10.2 billion) because of attempts by other countries to change how multinationals are taxed. Countries belonging to the G20 and OECD…

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Oil gains as Gulf tanker seizure raises tensions

Oil prices rose on Monday amid high tensions in the Middle East after a British tanker was seized by the Iranian military at the end of last week. Brent crude…

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Google reaches multimillion dollar settlement on violations of children’s privacy laws on YouTube

Google has reportedly reached a multimillion-dollar settlement with the US Federal Trade Commission over alleged violations of children's data privacy laws on YouTube. The settlement comes after an FTC investigation…

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Rome continues to enforce zero tolerance towards rowdy tourists

Rome's is enforcing it’s new 'zero tolerance' policy meaning among other things that anyone caught taking a dip in the fountains may be fined up to €450. After a string…

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Moody’s upgrades Malta’s credit rating to ‘A2 stable’

International agency Moody’s has upgraded Malta’s credit rating to A2 stable, the government said in a statement. It had been 11 years since this agency had upgraded Malta’s rating. In…

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Photo Story: Southwest Airlines takes Boeing 737 Max out of schedules

Southwest Airlines Boeing 737 Max aircraft sit parked on the tarmac of Southern California Logistics Airport in Victorville, California, USA, 19 July 2019. According to media reports, Southwest Airlines…

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New president for the Malta Institute of Accountants

The Council of the Malta Institute of Accountants appointed Fabio Axisa as its new President for the term July 2019 - June 2020. The election was held during the Institute’s…

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Apple co-founder Steve Wozniak launches blockchain company in Malta

A new company based on blockchain and focussing on energy efficiency, EFFORCE, will be based in Malta with Apple co-founder Steve Wozniak investing in and co-founding it. Speaking at the…

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Australian Federal Government inks major cloud deal with Microsoft

The Australian Government is accelerating its bid to transform into one of the world’s top three digital governments by 2025, signing a three-year agreement with Microsoft Australia that will streamline…

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Midday Dispatch – Financial and Corporate News

Microsoft beat analysts' revenue projections by nearly $1 billion when it announced earnings for the fourth quarter of its 2019 fiscal year, as its cloud division Azure continues its path…

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Industry’s banking concerns discussed in meeting between PM and GRTU

The Malta Chamber of SME’s (GRTU) stated that there is an unprecedented situation happening with regards to businesses and banking: clients find it difficult to understand how they can open a…

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“The Happiest Place on Earth” is a façade about to crack from the pressure of making ends meet – Disney Heiress

Disneyland calls itself "The Happiest Place on Earth," but family heiress Abigail Disney said she found workers struggling when she recently visited the park undercover. The Walt Disney Co. strongly…

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Boeing takes $5bn hit over grounding of 737 Max

Boeing is taking a $4.9bn hit to cover costs related to the worldwide grounding of its 737 Max aircraft. The charge is set to wipe out profits when the world's…

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Oil prices rise after the U.S. Navy destroyed an Iranian drone

Oil prices rose more than 1% on Friday after the U.S. Navy destroyed an Iranian drone in the Strait of Hormuz, a major chokepoint for global crude flows, again raising…

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Photo Story: Preparation for Oktoberfest 2019 in Munich

Craftsmen prepare for the upcoming Oktoberfest on the Theresienwiese fair ground in Munich, Germany. The famous traditional Oktoberfest, the world's largest beer festival that annually is visited by hundreds of…

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Polish flight centre to train future Ryanair pilots

Pilots of Ryanair will be trained at the Bartolini Air flight training centre near Łódź in central Poland. The centre near Łódź will train 320 Ryanair pilots, in cooperation with…

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Corporate Dispatch – Corporate and Financial News

Britain might be entering a full-blown recession and a no-deal Brexit could more than double the country’s budget deficit next year, the watchdog for public finances said on Thursday. CNBC …

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How Samsung is Bringing Meaning to Children in a Crime-Ridden Brazilian District

On the outskirts of the southeastern Brazilian city of Campinas sits the crime-afflicted township of Itatinga, where many children grow up without access to proper education. Without the foundation of…

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Financial records of nearly every Bulgarian exposed

A 20-year-old cybersecurity worker has been arrested in Bulgaria and charged with hacking the personal and financial records of millions of taxpayers in the country’s biggest ever data breach. Bulgaria’s…

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Five exploratory drills over the next two years around Cyprus

Five exploratory and five confirmatory drillings in the licensed plots of the Cypriot EEZ will take place over the next two years, according to the Minister of Energy of the…

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Google suspends ticket site Viagogo from advertising

Google has suspended Viagogo as an advertiser, after claims touts resell tickets at inflated prices on the site. The search engine’s surprise decision, which was welcomed by campaign groups and…

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FBI asked to investigate Faceapp

Chuck Schumer, the leading Democratic senator and Senate Minority Leader, called on the U.S. FBI and FTC – the Federal Trade Commission that protects American consumers - to launch…

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