World News

PB GROUP Appoints New CEO

Company expands employee base by 25% over first quarter of 2021 PB Group has appointed David Raphael Busuttil as its new Chief Executive Officer. David succeeds John Naudi, the founder…

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UPDATE – Zenabis Maltese JV Partner Zenpharm Receives License For Production & Distribution Of Cannabis

Zenabis Global Inc announced that its Maltese joint venture, ZenPharm Limited received its Licence for the Production of Cannabis for Medicinal and Research Purposes issued by the Malta Medicines Authority.…

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Mattel to recycle old Barbies, Matchbox cars and MEGA Bloks into new toys

Toymaker Mattel is encouraging kids to return Barbies, Matchbox cars and MEGA Bloks they no longer play with to the company for recycling into new toys. The goal of the…

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MISCO’s Lawrence Zammit elected chairman of Malta Chamber’s Employment Agencies Business Section

The Malta Chamber of Commerce, Enterprise and Industry has launched a new business section for employment agencies to bring together supporting recruitment agencies and employment services firms operating in Malta.…

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EXCLUSIVE-HSBC moves more than 1,200 UK staff to permanent home working

LONDON, April 7 (Reuters) - HSBC is moving more than 1,200 staff in Britain to permanent working from home contracts, in one of the strongest indications yet of how banks…

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Amazon acknowledges issue of forcing drivers to urinate in bottles

Amazon.com Inc has apologized to U.S. Representative Mark Pocan, admitting to scoring an "own goal" in its initial denial of his suggestion that its drivers were sometimes forced to urinate…

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German union calls four-day strike at Amazon sites ahead of Easter

The trade union Verdi has called for workers at six Amazon sites in Germany to go on strike from Sunday evening for four days in the latest attempt to try…

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Video – Malta Air Boeing 737 Max livery spotted in U.S.

Malta Air’s first Boeing 737 MAX has had its livery job completed in Washington. Malta Aviation Outlook revealed the new airline livery through photos taken by Captain Norman D'Amato. https://www.facebook.com/maltaaviationoutlook/posts/4150360064982789…

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‘Beached whale’ ship could block Suez Canal for weeks

SMAILIA, Egypt March 25 (Reuters) - A container ship blocking the Suez Canal like a "beached whale" may take weeks to free, the salvage company said, as officials stopped all ships entering the channel on Thursday in a…

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British Airways calls for vaccinated people to travel without restrictions

LONDON, March 14 (Reuters) - British Airways's new boss said vaccinated people should be allowed to travel without restriction and non-vaccinated people with a negative COVID-19 test, as he set…

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10

Mar

Top 3 Travel Group announces – FCM unveils bold new brand identity and signals game-changing tech offering

A rapidly evolving business travel landscape has been the catalyst for award-winning global travel management company FCM to transform its brand identity and take a fresh approach to developing a…

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Germany’s Bosch to open automotive chip factory in June

German technology group Bosch said on Monday it would open an automotive chip factory in Dresden in June to build on its leadership in sensor chips that will boost the…

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Exclusive: Telecom Italia eyes up to 1,300 redundancies in Italy this year – sources

MILAN, March 8 (Reuters) - Telecom Italia (TIM) and unions agreed on Monday to cut up to 1,300 jobs in Italy this year through a voluntary scheme, two union sources said, as…

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UPDATED: Marks & Spencer to expand online reach

British retailer Marks & Spencer has launched 46 websites in new markets, expanding its online reach to over 100 countries, it said on Monday. The group said the expansion into…

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British insurer Aviva exits Italy

British insurer Aviva posted flat operating profit for 2020 and sold its remaining businesses in Italy, it said on Thursday, as it tries to focus on its key markets of…

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Etihad Airways posts $1.7 bln loss in 2020

Abu Dhabi-based Etihad Airways posted on Thursday a core operating loss of $1.7 billion for 2020, more than double the year before due to lower demand and reduced service in…

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Schwarzkopf maker Henkel expects sales recovery as salons reopen

German consumer goods company Henkel said on Thursday it expects sales to rebound this year as hair salons reopen, although demand for detergent and home care products, boosted by the…

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Lufthansa weighs faster plane retirements after record loss

Lufthansa may permanently ground more jets to emerge leaner from the coronavirus pandemic, the German airline group said on Thursday, as it reported a record 6.7 billion euro ($8.10 billion)…

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Zoom Video Meeting application down for more than a thousand users – Downdetector

March 3 (Reuters) - Zoom Video Communications Inc's video-conferencing platform was down for more than a thousand users on Wednesday, according to outage tracking website Downtector.com. Downdetector showed there were…

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UPDATED: Ryanair sees 60-70% of normal traffic this summer

Ryanair hopes to fly up to 70% of 2019 passenger numbers this summer, thanks to COVID-19 vaccines and more coronavirus testing, provided travellers who have been vaccinated or had negative…

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Piaggio, KTM, Honda and Yamaha to create swappable batteries consortium

Italian scooter maker Piaggio said on Monday it signed a letter of intent with KTM AG, Honda Motor Co. and Yamaha Motor Co. to set up a consortium for swappable…

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Eurofins launches prescription-free COVID-19 test, eyes further growth

Eurofins Scientific announced on Monday the launch of a prescription-free at-home COVID-19 PCR test, as the French laboratories and diagnostics company eyed further growth. The group, which has launched an…

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EU states back plan to expose corporate tax avoidance schemes

The EU has moved to force multinational companies to publish a breakdown of the tax they pay in each of the bloc’s member states and in tax havens. Country-by-country reporting…

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DHL Express and SmartLynx Malta partner to break new ground in cargo transportation

DHL Express and SmartLynx Malta announced the signing of a new partnership agreement for the introduction of two newly converted Airbus A321-200 freighters joining DHL's European air fleet. The new…

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UK to create visa for workers in fast-growing firms

LONDON, Feb 26 (Reuters) - Britain will create a new category of visa to allow certain fast-growing businesses to hire high-skilled migrants with fewer checks than under current procedures, finance…

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Monte dei Paschi working to cut legal risks as EU weighs bank’s viability

Italy's Monte dei Paschi (MPS) said it was working to reduce its legal risks while the European Union assessed the state-owned bank's ability to stay in business before unlocking more…

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Pandemic-hit Norwegian Cruise forecasts loss until sailings resume

Norwegian Cruise Line Holdings Ltd said it expects to post a net loss until sailings resume, even as the cruise operator forecast strong bookings for next year after what was…

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Pandemic pushes BA-owner IAG to a 4.4 bln euro loss in 2020

British Airways-owner IAG posted a loss of 4.37 billion euros ($5.31 billion) for 2020 after a year of minimal flying and burning through cash, and it warned on Friday it…

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Toyota develops fuel cell system to cut carbon footprint

Toyota Motor Corp said on Friday it has developed a packaged fuel cell system module, as it hopes to expand its usage and accessibility of the zero-emission technology amid the…

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Aston Martin expects better 2021 sales after deep losses

Carmaker Aston Martin said a turnaround plan would see it takes the first steps towards profitability and boost sales this year after a deep loss in 2020 when the firm…

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UK’s Primark owner warns of 1.1 bln pound lockdown hit to sales

Associated British Foods warned on Thursday it expected to lose sales worth 1.1 billion pounds ($1.6 billion) from the lockdown of its stores at fast-fashion chain Primark in the first…

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Munich Re net profit down 55% in 2020 amid pandemic

German reinsurance group Munich Re said on Thursday that net profit declined 55% in 2020 as it battled with fallout related to the coronavirus pandemic. Net profit of 1.211 billion…

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Apple buys a company every three to four weeks

Apple has acquired about 100 companies over the last six years, the company’s chief executive Tim Cook has revealed. That works out at a company every three to four weeks,…

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Britain’s Heathrow sinks to $2.8 bln loss during pandemic

Britain's Heathrow Airport plunged to a 2 billion pound ($2.8 billion) annual loss after passenger numbers collapsed to levels last seen in the 1970s during the pandemic. Heathrow called on…

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BBVA may cut 3,000 jobs in Spain

Spain's BBVA is considering cutting around 3,000 jobs in its home market, or around 10% of its staff there, to adapt to the rise in online banking, newspaper Expansion reported…

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Microsoft teams up with EU publishers amid Facebook’s Australian spat

Microsoft and European media groups this week urged EU regulators to require online platforms to seek arbitration in disagreements over how to share revenues with news publishers, a sticking point…

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Goodyear to buy Cooper Tire for $2.8 billion

Goodyear Tire & Rubber Co said on Monday it would acquire Cooper Tire & Rubber Company for about $2.8 billion to double its presence in North America and China. Goodyear…

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22

Feb