10

Aug

Deliveroo to exit Netherlands

LONDON, Aug 10 (Reuters) - Britain's Deliveroo ROO.L said it would quit the Netherlands after failing to gain a strong local position, as it reported a larger pretax loss in "challenging market conditions" in the first…

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10

Aug

Royal Mail workers to hold four days of strikes

Aug 10 (Reuters) - Royal Mail  said on Wednesday it would be materially loss-making in the UK for the 2022-23 full year, if four days of strikes by the Communications Workers Union…

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10

Aug

Heathrow owner Ferrovial studies options for stake in Britain’s biggest airport

LONDON, (Reuters) - Spain's Ferrovial is looking at options for its 25% stake in London's Heathrow, two sources told Reuters, and has held preliminary talks with external advisers on the future of…

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10

Aug

Musk sells nearly $7 billion in Tesla shares

 (Reuters) - Tesla Inc  Chief Executive Officer Elon Musk sold $6.9 billion worth of shares in the electric vehicle maker, tweeting it was important to avoid an emergency sale of Tesla stock…

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08

Aug

Trade war with China could cost Germany six times as much as Brexit – Ifo

BERLIN (Reuters) - Germany would face costs almost six times as high as Brexit if it and the European Union were to shut China out of their economies, the Ifo…

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08

Aug

Euro zone investor morale edges up, recession still likely – Sentix

BERLIN, Aug 8 (Reuters) - Investor morale in the euro zone was essentially unchanged in August from the previous month, with a slight rise too little to stave off fears of recession…

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07

Aug

Drones with Microsoft’s AI help study endangered dolphins

Small in size and with distinctive, rounded dorsal fin, Māui dolphins are one of the rarest and most threatened dolphins in the sea, with a known population of just 54.…

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07

Aug

Worst flight chaos over, Lufthansa board member tells Funke media

BERLIN (Reuters) - The worst is over for German airline Lufthansa  after staff shortages caused flight chaos over the summer, but levels of sick leave remain challenging, board member Christina Foerster told…

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06

Aug

Musk says Twitter deal should go ahead if it provides proof of real accounts

Aug 6 (Reuters) - Elon Musk said that if Twitter Inc. TWTR.N could provide its method of sampling 100 accounts and how it confirmed that the accounts are real, his $44 billion deal to…

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06

Aug

Lufthansa sees return to full-year profit as travel picks up

FRANKFURT/BERLIN (Reuters) - Germany's Lufthansa  said this week  it expected demand for short-haul flights in Europe to drive growth at its passenger airlines this year, forecasting a return to group operating profit…

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05

Aug

Microsoft Teams now includes human language translation for scheduled meetings

One can now attend scheduled Microsoft Teams meetings even if one doesn’t understand the languages your fellow participants are speaking. The new solution, developed by Microsoft in partnership with the…

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05

Aug

Special Public Transport Service for August events: Summer Daze and Malta International Food Festival

Malta Public Transport is operating special routes for two different events in Malta and Gozo. A special service has been put in place for the Gozo edition of the Malta…

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05

Aug

Hili Properties plc acquires majority shareholding in prestigious Romania office complex

Hili Properties plc, the strategic real estate investment subsidiary of Hili Ventures, has acquired a 75% shareholding in Baneasa Real Estate SRL, the owner of the imposing Miro office building…

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05

Aug

Credit Suisse mulls cutting thousands of jobs globally

 (Reuters) - Credit Suisse Group AG is discussing slashing thousands of jobs globally, Bloomberg News reported, citing people familiar with the matter. Hours after the news, Fitch Ratings cut Credit Suisse's rating and…

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05

Aug

Lufthansa ground staff agree pay deal after strike

FRANKFURT (Reuters) - Ground staff of Germany's Lufthansa  and management have reached a pay deal after a third round of negotiations, the Verdi labour union and the carrier said. The pay dispute…

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04

Aug

Alibaba revenue growth flatlines for first time as China’s lockdowns bite

Aug 4 (Reuters) - Alibaba Group Holding Ltd on Thursday reported flat quarterly revenue growth for the first time in its history, showing how China's COVID lockdowns have hit its business. The slowdown…

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04

Aug

Paramount gets lift from ‘Top Gun’ but streaming losses a drag

Aug 4 (Reuters) - Paramount Global  beat Wall Street expectations for quarterly revenue and profit on Thursday, powered by the May release of blockbuster Tom Cruise-starrer "Top Gun: Maverick" even as streaming…

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04

Aug

Rolls-Royce profit slumps as it battles inflation, supply-chain disruption

LONDON, Aug 4 (Reuters) - Aero-engineer Rolls-Royce disappointed investors by reporting a bigger-than-expected fall in first-half profit on Thursday, underscoring the challenge facing its new chief executive of restoring the health of its…

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04

Aug

UK retailer Next lifts outlook on strong clothing demand

LONDON, Aug 4 (Reuters) - Retailer Next , a mainstay of Britain's shopping streets, defied the economic gloom on Thursday to lift its full-year sales and profit forecasts after warm weather in June and July spurred better-than-expected…

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04

Aug

Polish bank Pekao estimates a third of its customers requested credit breaks

GDANSK, Aug 4 (Reuters) - Polish bank Pekao estimates a third of its customers have requested breaks from making credit payments, Chief Executive Officer Leszek Skiba said on Thursday, following a government…

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04

Aug

Monte dei Paschi seals deal with unions over exit of 3,500 staff

MILAN, Aug 4 (Reuters) - Italian state-owned bank Monte dei Paschi di Siena  reached an accord with unions over thousands of job cuts which are part of commitments Rome agreed this week…

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04

Aug

Hundreds of Amazon warehouse workers walk out over pay, UK union says

LONDON, Aug 4 (Reuters) - Hundreds of Amazon workers at a warehouse in Tilbury in southeast England have walked out in protest over pay, the trade union GMB said, the latest sign of labour…

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04

Aug

Lufthansa limits ticket sales amid travel chaos

BERLIN, Aug 4 (Reuters) - Germany's Lufthansa said on Thursday it would offer only around 80% of pre-crisis passenger capacity in the third quarter, less than previously planned, amid staffing shortages at airports…

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03

Aug

Maersk sees weaker demand for shipping containers this year

COPENHAGEN, Aug 3 (Reuters) - Shipping group Maersk  said it expects weaker 2022 global container demand growth on Wednesday, after moving fewer containers by sea in the second quarter due to worsening…

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02

Aug

Express Trailers Improves Operations With Newly Set Up Order Department

The level of efficiency in handling clients’ requests and orders was already high at Express Trailers. Nonetheless given the company’s constant efforts to improve its operational efficiency, it has now…

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02

Aug

Technology Project For Inspire Foundation Thrift Shops

Charity shops do not only rely on the provision of items to be sold in order to operate but today, given their increased activity, they also need the backing of…

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01

Aug

GO Technology Supporting Frank Salt’s Growth

In view of a foreseen increased demand, property company Frank Salt Real Estate Ltd is envisaging an increase of its sales and letting force by 20% in 2022 - a…

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01

Aug

HSBC to pay some UK staff 1500 pounds to combat cost of living crisis -memo

LONDON (Reuters) - HSBC will pay some of its British workforce a one-off payment of 1500 pounds ($1,830) to help deal with the cost of living crisis, according to a…

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30

Jul

Hershey warns of shortage of sweets for Halloween holiday

US chocolate manufacturer Hershey has warned of a shortage of sweets over the Halloween holiday as it struggles to ramp up supply. The chief executive Michele Buck said the firm…

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29

Jul

Alfa Romeo to develop large car in the United States

MILAN, July 29 (Reuters) - Itay's Alfa Romeo will work on a new large-size car in the United States to be launched in 2027, the brand's head Jean-Philippe Imparato said on Friday,…

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29

Jul

Italy’s Eni confident it will replace Russian gas completely by 2025

MILAN, July 29 (Reuters) - Italian energy group Eni believes it will be able to completely replace Russian gas imports by 2025 as uncertainty over Moscow's energy supplies to Europe forces countries to…

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29

Jul

UPDATED: Spanish-based easyJet pilots to go on strike for nine days in August

MADRID, July 29 (Reuters) - Spain-based pilots at easyJet will go on strike for nine days in August to demand better working conditions, the SEPLA union said on Friday. The union is demanding that the budget airline reestablish…

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29

Jul

Air France-KLM cuts capacity levels on ‘operational challenges’

July 29 (Reuters) - Air France-KLM  downgraded on Friday its capacity forecast for the third quarter, citing operational difficulties at airports that could weigh on the group's performance. The airline company expects…

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29

Jul

Crypto platform Zipmex files for bankruptcy protection in Singapore

July 29 (Reuters) - Southeast Asia-focused cryptocurrency exchange Zipmex said it had filed for bankruptcy protection in Singapore, becoming the latest victim of the global downturn in digital currencies. Singapore-based Zipmex resumed…

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28

Jul

Pfizer profit surges, reaffirms sales forecast for COVID-19 products

July 28 (Reuters) - Pfizer Inc PFE.N on Thursday reported a 78% jump in profit and reaffirmed the combined 2022 sales forecast of $54 billion for its COVID-19 vaccine and pill, as countries rushed…

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28

Jul

Etihad Airways swings to first half operating profit of nearly $300 mln

DUBAI, July 28 (Reuters) - Abu Dhabi's Etihad Airways swung to a core operating profit of $296 million in the first half of 2022 from a loss of $390 million a year…

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28

Jul

Billionaire Jack Ma plans to cede control of China’s Ant Group – WSJ

BEIJING/HONG KONG, July 28 (Reuters) - Chinese billionaire Jack Ma plans to give up control of financial technology company Ant Group Co in an effort to move away from affiliate Alibaba Group…

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28

Jul

Shell again smashes record with $11.5 billion profit

LONDON, July 28 (Reuters) - Shell  on Thursday reported a profit of $11.5 billion in the second quarter, smashing the previous quarter's record, lifted by refining profits and gas trading. The company…

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28

Jul

STMicro expects chip factories to run at full steam until 2023

PARIS/STOCKHOLM, July 28 (Reuters) - STMicroelectronics expects its factories to run at full steam well into 2023 as the chipmaker's backlog is filled by the car and smartphone industries, prompting it to raise…

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28

Jul

Lufthansa could face pilots’ strike

BERLIN, July 28 (Reuters) - The union representing German pilots in collective bargaining talks with Deutsche Lufthansa  has called a members' strike ballot after negotiations stalled, the Spiegel weekly reported on Thursday,…

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28

Jul

Samsung warns of weaker chip demand for phones, PCs as people shop less

SEOUL, July 28 (Reuters) - Samsung Electronics Co Ltd cautioned chip demand from smartphone and PC makers would weaken further as people shop less, and that the more resilient demand from server clients…

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28

Jul

Meta posts first-ever revenue drop as inflation throttles ad sales

 (Reuters) - Meta Platforms Inc  issued a gloomy forecast after recording its first ever quarterly drop in revenue on Wednesday, with recession fears and competitive pressures weighing on its digital ads sales. Shares of…

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28

Jul

Netflix back up after brief streaming outage

 (Reuters) - Netflix Inc's streaming services were back up after facing a brief disruption across all devices, the company said on Wednesday evening. At its peak, there were more than 1,300 incidents of…

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27

Jul

Mercedes-Benz bolsters supply chain as it braces for less gas

BERLIN, July 27 (Reuters) - Mercedes-Benz MBGn.DE is boosting its supply chain by dealing directly with chipmakers and forming contingency plans to cut gas usage by up to 50% in…

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27

Jul

Wizz Air Q1 operating loss expands to 285 mln euros

LONDON, July 27 (Reuters) - Low-cost airline Wizz Air said its first-quarter operating loss had jumped to 285 million euros ($288.71 million) from 109 million euros the year before, as…

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27

Jul

Amazon to raise Prime prices in Europe

Amazon.com Inc  will raise fees for its delivery and streaming service Prime in Europe by up to 43% a year, the online retailer said, as it moves to counter higher…

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27

Jul

UPDATED: Ryanair’s Spanish cabin crew union calls for strikes until January

MADRID, July 27 (Reuters) - Ryanair's RYA.I Spanish cabin crew union members plan strikes on four days of every week until January to press demands for higher pay and better…

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27

Jul

Microsoft soothes market fears with forecast for strong revenue growth

 (Reuters) - Microsoft Corp forecast revenue this fiscal year would grow by double digits, driven by demand for cloud computing services and sending shares up 5%. The strong outlook shows…

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27

Jul

UPDATED: Lufthansa ground staff start walkout in Germany in pay dispute

FRANKFURT, July 27 (Reuters) - Ground staff at Deutsche Lufthansa went on strike early Wednesday, prompting the cancellation of more than 1,000 flights, and adding to travel disruptions during the…

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25

Jul

Severe delays in Malta Public Transport’s service due to closure of Triq l-Indipendenza

Malta Public Transport is experiencing severe delays in its service due to the closure of Triq L-Indipendenza in Tal-Pietà. A diversion is in place affecting all routes serving bus stops…

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25

Jul

Microsoft Teams getting new hybrid work features

Microsoft has announced a bunch of new features for Teams and inter-app collaboration features that it thinks will be useful for hybrid work.  Office Excel is gaining the Excel Live…

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24

Jul

Credit Suisse eyes more cost cuts

ZURICH, July 24 (Reuters) - Credit Suisse is considering how it could cut costs further after a dismal performance by the embattled bank in the past quarter, SonntagsZeitung reported, citing…

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23

Jul

Zara founder Ortega’s real estate assets worth $15.5 bln in 2021

MADRID (Reuters) - The family office of Spanish billionaire Amancio Ortega, founder and main shareholder of fashion group Inditex , reported this week its real estate assets' market value rose by over 1…

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23

Jul

Google fires software engineer who claimed its AI chatbot is sentient

(Reuters) - Alphabet Inc's Google said on Friday it has dismissed a senior software engineer who claimed the company's artificial intelligence (AI) chatbot LaMDA was a self-aware person. Google, which…

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23

Jul

Oracle and Microsoft Agree to Deepen Interoperability of Cloud Platforms

Oracle Corp. and Microsoft Corp. announced a deeper interoperability of their clouds, allowing customers to more easily run projects across the two platforms. Years ago, many cloud providers tried to…

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22

Jul

Meta’s Facebook revamping main feed to attract younger users

 (Reuters) - Meta Platforms said it was revamping the main feed on its Facebook app to prioritize "discovery" of new content, instead of posts from accounts users follow, a bid to style its…

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22

Jul

GO is one of Malta ESG Alliance’s Founding Members

GO has joined several leading reputable business organisations which have come together to announce the launch of Malta ESG Alliance (MESGA) - a private sector initiative that will seek to…

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