Business

USA imposes steep tariffs on steel and aluminium from the European Union, Canada and Mexico

President Trump is imposing steep tariffs on steel and aluminum from three of America's biggest trading partners — Canada, Mexico and the European Union. The trade penalties, 25% on imported…

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Strategy, vision and passion! – A coffee with Frederick Micallef, Databyte.

By the end of this year, DataByte will be launching two flagship products in line with their strategy to becoming strong players with delivering cloud software solutions: a further improved…

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Breakthrough as human corneas were printed for first time

Human corneas have been 3D printed for the first time by scientists at Newcastle University. The researchers mixed stem cells from a healthy donor cornea with alginate, a gel derived…

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Microsoft surpasses Google in the list of most valuable companies

Microsoft has surpassed Alphabet, the parent company of Google, in the market capitalisation for the first time in three years, becoming the third most valuable firm after Apple and Amazon…

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Papua New Guinea to ban facebook

Papua New Guinea's communications minister has said the government will ban Facebook for a month to weigh its impact on the population. The government is also evaluating the creation of…

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Unsuccessful private search for MH370 comes to an end, and so does the search

The BBC reports that a privately funded search for missing Malaysia Airlines flight MH370 has drawn to a close. The company Ocean Infinity had been using a deep-sea vessel to…

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Insight – Will GDPR block Blockchain?

Anne Toth - Head of Data Policy, World Economic Forum LLC, explains that data-protection rights are enshrined in European law, however making them actionable has not been simple. Adding complexity…

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Putin denies that missile which brought down Malaysian aircraft was a Russian military equipment

Vladimir Putin denied that the missile which brought down a Malaysian airliner in July 2014, killing almost 300 people was a Russian military piece of equipment. This was the first…

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First complaints against Social Media platforms following GDPR law changes

The Financial Times report that Facebook and Google became the first large tech groups to be accused of breaking the EU’s far-reaching new privacy rules that came into force on Friday…

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Malta Institute of Accountants holds 9th SME Forum

The future development of Malta’s economy requires sustainable SMEs. The 2018 SME Forum organised by the Malta Institute of Accountants discussed growth opportunities in the digital revolution. Held on May…

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Processing personal data with the new GDPR

While today, the 25 May 2018 is the day when rules on the processing of personal data will finally change, entering the 21st century, it is interesting to look at…

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Sony to buy 60% EMI for $2 billion

Sony is buying EMI Music Publishing, adding two million songs from artists like Alicia Keys, Kanye West and Queen to its already-vast publishing catalog and cementing its position as…

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Facebook’s Zuckerberg and his European Parliament grilling

At the end the much anticipated grilling ended up with more questions than answers. The pertinent points raised by various MEPs, were not all answered by Facebook CEO Mark Zuckerberg.…

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80% of Malta’s population access the internet. Of these 83% own a smartphone, 75% use a laptop, 48% use the tablet.

80% of Malta’s population access the internet. Of these 83% own a smartphone, 75% use a laptop, 48% use the tablet. “People are becoming increasingly mobile when it comes to…

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Hyundai’s i10 achieves the Highly Rated Car of the Year Award 2018

The title of Most Highly Rated Car of the Year has been awarded to the Hyundai i10 in the 2018 Honest John Awards, based on the feedback and experiences of…

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Black box of crashed Boeing retrieved. 20 priests among 110 people who died

Sky News report that investigations on the fatal flight are underway. The BlackBox has been retrieved and it has been established that twenty priests were among 110 people who died…

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Japan notifies WTO that it is reserving right to impose tariffs against the USA

On Friday, Japan notified the World Trade Organization that it was reserving the right to impose retaliatory tariffs against the United States in response to tariffs on steel and aluminum…

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Cuba Air Crash – Total number of deaths is 111

Cubana de Aviacion flight CU972, departing Havana at 11 a.m., was en route to the Cuban city of Holguin and had 114 passengers and crew on board. The plane went down a short distance from…

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100 die after Boeing 737 of Cuba’s state airline crashes and explodes in Havana – Updated

Update Cuba Air Crash – Total number of deaths is 111 Earlier More than 100 people have died after a Boeing 737 airliner crashed and exploded near Jose Marti International…

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Malta Newspapers Review – Friday 18th May 2018

Good morning, Today's newspapers' front pages deal with different stories covering a number of issues. Pilatus Bank is the theme of two front page stories on as much newspapers, the sale…

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An exceptional line-up at the Malta Institute of Accountants 2018 SME FORUM

An outstanding panel of experts are addressing the upcoming edition of the SME Forum, on Friday May 25. The annual Forum organised by the Malta Institute of Accountants has established…

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WhatsApp makes some changes in group chats: here are all the news

WhatsApp Group Chats are changing. A tool which is very commonly used for friends and business alike, WhatsApp made this announcement on its own site. The new changes mean that…

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EU committed to Iranian nuclear deal; wants the US to exempt the bloc from steel tariffs

The EU remains firmly committed to the Iranian nuclear deal, and it wants the US to permanently exempt the bloc from steel tariffs. Donald Tusk, the European Council president said…

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Corporate ID Group unveils its new corporate identity and web presence

Corporate ID Group has unveiled its new Corporate Identity. The logo is made up of two main components: a fluid element that features the four corporate colours and the underlying…

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FBI investigating Cambridge Analytica

The U.S. Justice Department and the FBI are investigating Cambridge Analytica, over its handling of Facebook Inc user information, the New York Times reported on Tuesday. Prosecutors have sought to question former…

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“Don’t tweet too much” – Vatican says that cloistered nuns should use social media with sobriety and discretion

The Vatican has issued new guidelines for cloistered nuns, reminding them that they’re supposed to live separated from the world and in silence — and therefore shouldn’t be tweeting too…

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Prejudice, Discrimination, Stereotyping Keeping Young Females Away from ICT

Educators and Female Role Models Can Help Attract Females towards ICT ICT is a very exciting career and it is not about sitting behind a desk and coding. There’s so…

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Over 583 million fake Facebook profiles deactivated

In the first quarter of 2018, Facebook deactivated about 583 million fake profiles and 837 million spam content. Still in the same period, 1.9 million of content related to the ISIS terrorist propaganda and affiliated…

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WTO rules against the European Union in landmark Airbus, Boeing judgement

The World Trade Organisation ruled on Tuesday the European Union had ignored requests to halt all subsidies to plane maker Airbus, prompting the United States to threaten sanctions against European…

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Insight – Effects of US sanctions not limited to higher oil prices but could spill over into global trade jitters (Diplomatique.Expert)

Although the immediate response to Tuesday’s announcement of the US withdrawal from Iran’s nuclear deal was a jump in oil prices, most analysts seem to agree that the largest economic…

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Experts declare that the disappearance of flight MH370 was a deliberate act

Aviation experts believe they may have solved the mystery of the disappearance of flight MH370, saying the 239 passengers and crew were the victims of a deliberate, criminal act carried out…

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HSBC and ING complete first transaction using Blockchain technology

HSBC Holdings Plc announced that it had performed the world’s first trade finance transaction using blockchain technology, a major step in boosting efficiency and reducing errors in the multi-trillion-dollar funding of international…

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Italy fines Whatsapp for allegedly obliging users to agree to sharing their personal data

Italy’s Competition and Markets Authority (AGCM) announced it was imposing a €3 million (USD3.6 million) fine on messaging service Whatsapp for allegedly obliging users to agree to sharing their personal…

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Growing SMEs for a Digital World – Malta’s Institute of Accountants SME Forum

Digital innovation opens a new future to SMEs but entrepreneurs need to be prepared for the transformation. The 2018 SME Forum, organised by the Malta Institute of Accountants, assesses the…

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Valencia closes in on rooms with a view

Authorities in Valencia are proposing a law to restrain holiday rentals around the city. If the regional government votes in favour of the bill, the Spanish city will be empowered…

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US – China trade off impacts import of Ford automobiles in China

Chinese customs officials are holding up shipments of imported Ford automobiles for technical checks. Trade experts believe the move is meant to put pressure on Washington after US President Donald…

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Trump hints at forfeiting press credentials to ‘negative media’

A Donald Trump tweet seems to suggest that media houses reporting “negative” news about the presidency could have their press credentials forfeited. "Just reported that, despite the tremendous success we…

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Turbulent times for Air France

Air France-KLM, one of the world’s biggest airline groups, is in deep trouble and facing significant turbulent times. Shares in Air France-KLM crashed as much as 14.5% on Monday after…

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Foreign groups banned from buying Facebook ads in Irish referendum on abortion

Facebook is banning foreign groups from buying advertisements related to Ireland's abortion referendum, the company announced Tuesday. The May 25 referendum will decide whether abortion should be legalised in Ireland.…

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USA: Facebook to require extra checks from people buying ads on politics

The Financial Times reports that Facebook will require extra checks from people buying advertisements on political issues ranging from abortion and guns, to education and foreign policy, as the social network tries…

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The No-Selfie Policy of the 2018 Cannes Film Festival

The Cannes Film Festival opens today, one day before the traditional start. The 71st edition of the event is an example in how the film world is facing changes. Festival…

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European fintech eyeing stock market listing

Europe’s biggest fintech IPO is looming after Swedish fintech start-up iZettle announced plans to join the Nasdaq Stockholm stock exchange later this year. The company is seeking to raise SEK2…

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Oil price goes above $70 a barrel for first time in over three years

US crude oil prices have pushed above $70 a barrel for the first time in over three years as concerns have grown over supplies from Iran and Venezuela. West Texas…

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Nestle pays €7.15 billion to sell Starbucks

Nestle and Starbucks announced that the former will pay Starbucks $7.15 billion (5.3 billion pounds) in cash for the rights to sell the U.S. coffee chain’s products around the world,…

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Insight – The media’s place in the sports and politics industry

We live in a world where media is omnipresent, while sport continues to capture the imagination of the masses. Twenty years ago, sports fans were more or less dependent on…

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Proposals at EU level to deal with unfair competition rules in the airline industry

Watered-down proposals to tackle unfair competition from foreign airlines seem to be accepted by European diplomats. Countries, such as France and Germany, and the European Parliament, have pushed for airlines’…

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Which head of state is paid most?

A selection of Heads of State and Government for the 35 OECD (Organisation for Economic Co-operation and Development) were surveyed for their income and how their salaries fare between them…

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Malta – New aircraft maintenance facility for commercial aircraft announced

Bravo Aircraft Technical Services Limited (BATS), is delighted to announce the launch of its new facility at Malta International Airport in addition to their administrative HQ in Gżira. Bravo Aircraft…

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Analysing the EU’s Spring Economic Forecast

The European Commission yesterday published its Spring Economic Forecast. This forecast is based on a set of technical assumptions concerning exchange rates, interest rates and commodity prices with a cut-off date of…

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EU Spring 2018 Economic Forecast: Expansion to continue amid new risks

"The economic expansion in Europe is set to continue at a solid pace this year and next, supporting further job creation. However, we also see increased risks on the horizon.…

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JEEP takes Christabelle to Portugal

JEEP is sending off Christabelle on her much-anticipated Eurovision adventure in Portugal on board a brand the All-New JEEP Compass, compliments of MOTORS INC.Ryan Buttigieg, Motors Inc.’s Chief Operating Officer…

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‘Keeping Power in Check: Media, Justice and The Rule of Law’ – World Press Freedom Day

Every year, 3 May is a date which celebrates the fundamental principles of press freedom, to evaluate press freedom around the world, to defend the media from attacks on their…

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US extends deadline for trade tariffs to June 1st

U.S. President Donald Trump has postponed the imposition of steel and aluminium tariffs on Canada, the European Union and Mexico until June 1, and has reached agreements for permanent exemptions…

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Facebook to introduce the dislike button

Ever felt the need to express the dislike towards someone's post or comment, but you just couldn't? At a time where the digital media platform is experiencing itself a period…

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May, Merkel and Macron discuss the Iranian nuclear deal, US trade tariffs and the E3

A series of phone calls between German Chancellor Angela Merkel, English Prime Minister Theresa May and French President Emmanuel Macron, over the weekend, ended with an agreement about the importance…

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Malta needs to depart from the myopic 5-year political cycle – Part 2

In the first part of this series, we argued how both the International Monetary Fund and the European Commission identified certain aspects of the labour market as key challenges to…

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MISCO strengthens its Business Advisory Service

For the past 35 years, MISCO has assisted countless clients with various business advisory-related services and especially HR related services. These have included organisational restructuring, HR audits, salary benchmarking, job…

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