01

Dec

Fiat brand to electrify 60% of its models by end-2021: Executive

By the end of next year 60% of the car models offered by Fiat Chrysler's Fiat brand will be electrified, either hybrid or full electric, the Head for EMEA for…

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30

Nov

UniCredit board holds governance talks as future of CEO in question

UniCredit's board was holding informal discussions over the Italian bank's governance on Sunday, a person familiar with the matter said, amid doubts over whether its chief executive will stay. Jean…

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29

Nov

JD Sports backs away from Debenhams talks

JD Sports’ rescue of Debenhams is now in peril. JD Sports is backing away from talks with Debenhams administrators after an exclusivity period ended without an agreement to salvage the…

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28

Nov

HSBC considering complete exit from US retail banking

HSBC Holdings Plc is considering a complete exit from retail banking in the United States after narrowing the options for how to improve performance at its struggling North America business,…

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26

Nov

Remy Cointreau eyes return to like-for-like profit growth in full year

Spirits group Remy Cointreau has achieved better-than-expected first-half profits despite the global COVID-19 pandemic, it said on Thursday, predicting a strong recovery in the second half, driven by China and…

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26

Nov

EasyJet says domestic bookings rise as England lockdown ends

British airline easyJet said domestic bookings for December had risen significantly this week compared to last week after news that some COVID-19 restrictions in its home market would be eased.…

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26

Nov

Danske lays off 257 employees in cost-cutting plan

Danske Bank on Thursday laid off 257 employees and granted another 261 a voluntary redundancy agreement as the lender continues previously announced plans to cut up to 1,600 jobs. "We…

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26

Nov

Uzbekistan allows Maltese firm to grow medical cannabis

A Malta-based firm will be allowed to grow and produce medical cannabis in Uzbekistan, state news agency UzA reported on Thursday, in the first such deal for the Central Asian…

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26

Nov

Disney to layoff about 32,000 workers in first half of 2021

Walt Disney Co announced it would layoff 32,000 workers, primarily at its theme parks, an increase from the 28,000 it announced in September as the company struggles with limited customers…

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26

Nov

Amazon workers in Germany to go on strike on “Black Friday”

Trade union Verdi called on workers at seven German Amazon warehouses to go on a three-day strike that will coincide with "Black Friday" discount shopping sales on Nov. 27. Scheduled…

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23

Nov

Greek government considers capital injection for Aegean Airlines

The Greek state is considering providing capital support for the country's biggest carrier Aegean Airlines, of around 120 million euros ($142.55 million), a government spokesman said on Monday. Under the…

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23

Nov

Danone restructures business to meet new goals

French food group Danone said on Monday it planned to cut its product range by up to 30% next year and become a more "local-first" organization worldwide, as part of…

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23

Nov

France’s Credit Agricole offers to buy Italian bank Creval

France's second-biggest listed bank Credit Agricole on Monday offered to buy Italian bank Credito Valtellinese (Creval) for 737 million euros ($875 million) as it pursues plans to boost its footprint…

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23

Nov

UPDATED: UK’s competition regulator looking at formal investigation into Google

Britain's competition regulator said on Monday it had received a complaint about Google related to its market study this year on online platforms and digital advertising. The complaint from a…

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22

Nov

Moderna sets price of vaccine to $25 – $37 per dose

Moderna will charge governments between $25 and $37 per dose of its COVID-19 vaccine candidate, depending on the amount ordered, Chief Executive Stephane Bancel told German weekly Welt am Sonntag…

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22

Nov

Illycaffe to sell minority stake to Rhone Capital

Premium coffee maker Illycaffe is to enter a strategic partnership with Rhone Capital in which it will sell a minority stake to the U.S. private equity firm, Andrea Illy, chairman…

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22

Nov

Beckham earning more from FIFA 21 than he did in his playing career – reports

David Beckham is reportedly earning more from playing in a soccer video game than he ever did during his career. The 45-year-old star - who retired from the sport in…

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22

Nov

De La Rue in talks over COVID travel certificates

Ministers have asked passport makers to provide Britons with secure certificates to prove they are not carrying coronavirus and help pave the way for a return to normality next year.…

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20

Nov

Re-nationalised Alitalia appoints Fabio Lazzerini as CEO

ITA said on Friday it appointed Fabio Lazzerini as its chief executive as the new company set up for the re-nationalisation of struggling carrier Alitalia held its first board meeting.…

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20

Nov

China-led shift to electric vehicles to help end ‘oil era’ – study

An aggressive China-led shift to electric vehicles is expected to slash global oil demand growth by 70% by 2030 and will help bring an end to the "oil era", according…

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19

Nov

Norwegian Air seeks bankruptcy protection

Norwegian Air has asked an Irish court to oversee a restructuring of its massive debt as it seeks to stave off collapse amid the coronavirus pandemic, the budget airline said…

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19

Nov

Italian FIGC sells stake in media business for € 1.7 billion

Italy's top-flight soccer league Serie A on Thursday agreed to sell a stake in its media business to a private equity consortium for 1.7 billion euros as it seeks to prop up revenues hit by the COVID-19 pandemic. At…

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19

Nov

Covid-19 Leads to Record Lows In Job Postings Across Europe

Data published by the Financial Times shows that in July 2020, the United Kingdom saw the lowest decrease in job postings, -55% compared to the same month in 2019. As at July,…

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19

Nov

Facebook accused of forcing staff back to offices

More than 200 Facebook workers from around the world have accused the firm of forcing its content moderators back to the office despite the risks of contracting coronavirus. The claims…

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19

Nov

Thyssenkrupp cuts further 5,000 jobs to stave off coronavirus hit

Ailing conglomerate Thyssenkrupp said on Thursday it would need to cut a further 5,000 jobs to ease the impact of the coronavirus crisis on its businesses. The company, whose steelmaking…

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19

Nov

Former Wirecard boss Braun to be quizzed by German lawmakers

Wirecard's former boss Markus Braun is due to appear before a German parliamentary committee on Thursday, temporarily leaving jail to testify over the collapse of what was once hailed as…

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19

Nov

Twitter slows rollout of disappearing ‘fleets’ worldwide

Twitter Inc will slow down the rollout of tweets that disappear after 24 hours, a day after it launched the feature worldwide, in order to fix performance and stability issues,…

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18

Nov

Houseparty, Fortnite partner to let gamers video chat while playing

Group video chat app Houseparty said on Wednesday it has partnered with popular video game "Fortnite" to let friends video chat while playing the game, as people seek various sources…

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18

Nov

Maersk confident as looks to U.S.-led shipping recovery

Shipping group Maersk said on Wednesday positive momentum in global trade allowed it to look confidently beyond 2020 and it would initiate a share buy-back programme of around $1.6 billion.…

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18

Nov

Halfords profit more than doubles on British cycling boom

British bicycles and car products retailer Halfords on Wednesday reported a more than doubling in first-half profit, boosted by a COVID-19-driven cycling boom. The firm said it made an underlying…

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18

Nov

TIM and Eutelsat sign deal for high speed broadband via satellite in Italy

Telecom Italia (TIM) and French satellite company Eutelsat Communications said on Wednesday they signed an agreement to offer high-speed broadband via satellite to the most isolated areas of Italy. TIM…

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18

Nov

Amazon France CEO says French lockdown boosted sales

Online retail giant Amazon , which has been operating during the French lockdown, has seen a boost in activity in the range of 40%-50%, the head of Amazon France said…

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18

Nov

FAA chief ‘100% confident’ of 737 MAX safety as flights to resume

U.S. Federal Aviation Administration (FAA) chief Steve Dickson is "100% confident" in the safety of the Boeing 737 MAX but says the airplane maker has more to do as it…

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17

Nov

Twitter to launch disappearing ‘tweets’

Twitter Inc said on Tuesday it was globally launching tweets that disappear after 24 hours, similar to the stories feature that is popular on Snapchat and Facebook's photo-sharing app Instagram.…

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17

Nov

Former head of collapsed firm Wirecard to appear before German inquiry

The former head of collapsed payments services provider Wirecard must appear in person before a German parliamentary inquiry on Thursday after a court rejected his lawyers' motion for him to…

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16

Nov

Japan games firm Nexon bets on growing computing power of mobile devices

Games company Nexon Co Ltd is betting on bringing long-running PC titles to mobile devices to drive revenue, as faster internet speeds and improved processing power improve the gaming capability…

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16

Nov

Australia’s Qantas celebrates subdued 100th birthday

Australia's Qantas Airways Ltd, the world's third-oldest airline, on Monday marked its 100th birthday during its toughest year yet due to the coronavirus pandemic but is looking to the future…

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16

Nov

Abu Dhabi’s Etihad to start direct flights to Israel next year

Abu Dhabi's Etihad Airways said on Monday it would start daily flights to Tel Aviv in March after the United Arab Emirates and Israel's established formal ties this year. Flight…

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16

Nov

Privacy activist files complaints against Apple’s tracking tool

A group led by privacy activist Max Schrems filed complaints on Monday with German and Spanish data protection authorities over Apple's online tracking tool, saying it breached European law by…

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16

Nov

‘McHappy Day 2020’ in aid of RMHC at McDonald’s

McDonald’s holds this year’s McHappy Day fund-raising campaign, themed ‘Smiles Come from Within’, between November 16 and 22 in aid of the Ronald McDonald House Charities and its Learning Centre…

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15

Nov

Lego unveils the Roman Colosseum, the largest ever 9,036 piece set ever produced

Lego has unveiled the perfect lockdown activity - their largest ever 9,036-piece set of the Roman Colosseum. The model, which will take two-weeks to finish, is an impressive 10.6 inches high, 20.4…

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15

Nov

JD Sports emerges as surprise contender to buy Debenhams

JD Sports has emerged as a serious contender to rescue Debenhams, in a potential takeover that would significantly escalate its high street rivalry with Mike Ashley. The company is understood…

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15

Nov

GO’s TV APP wins ‘Best App’ in the eBusiness awards

2020 has been the year for TV for GO and a year that completely changed the TV landscape for Maltese customers and the way they enjoy their TV content. Earlier…

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14

Nov

Germany plans 22 billion euros in COVID aid for companies in first half of 2021

Germany expects to pay out 22 billion euros ($26 billion) in COVID-19 relief aid from January through June 2021 to companies and self-employed people, people close to the matter said,…

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14

Nov

UK to ban sale of new diesel and petrol cars in 2030

The U.K. will move up a planned ban on the sale of new diesel and petrol cars to 2030, the Financial Times reported on Saturday, as part of the government’s plan to…

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14

Nov

Microsoft’s President Brad Smith on the US Election

In 2016, as the United States emerged from a close and contentious national election, we published a blog on the need to find new ways for the country to move forward…

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14

Nov

Malta Development Bank strengthens economic presence to support business regeneration – Professor Josef Bonnici

The Malta Development Bank (MDB) has over the past few months established and maintained a strong presence in the Maltese economy by providing the necessary support to businesses during these…

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13

Nov

Zurich Insurance plays down impact of COVID-19 claims

Zurich Insurance Group does not expect property claims triggered by the COVID-19 pandemic to materially affect the group, Europe's fifth-largest insurer said on Thursday, adding that it planned to maintain…

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13

Nov

Hapag-Lloyd sees higher earnings on cheaper fuel, stabilising demand

German container liner Hapag-Lloyd AG is confident of achieving higher earnings in 2020 as lower fuel prices cut shipping costs, demand in Asia recovers and fleet capacity is tight, chief…

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12

Nov

Britain’s Burberry recoups sales growth in October despite closed stores

Burberry's sales returned to growth in October, indicating the British luxury brand was recovering from the impact of the COVID-19 pandemic, with comparable store sales falling by less than expected…

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12

Nov

WH Smith sees recovery in North America after pandemic-hit year

British retailer WH Smith said on Thursday it has started to see encouraging signs of recovery in North America, where it is opening stores and securing new business, after coronavirus-led…

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12

Nov

Teamviewer says demand normalises after pandemic surge

German software company Teamviewer said on Tuesday that demand for its remote connectivity services was normalising after a surge driven by the coronavirus pandemic, but it still nudged its billings…

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12

Nov

Dutch lender Rabobank to close branches as clients shift online

Netherlands-based lender Rabobank will close roughly half its local branch offices in coming years to cut costs as clients switch to digital banking, it said on Thursday. Rabobank said it…

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12

Nov

Pandemic sends Emirates to half-year loss for first time over 30 years

State-owned Emirates said on Thursday that Dubai would help it through the coronavirus crisis after losses of $3.4 billion tipped the airline's holding company into its first half-year loss in…

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12

Nov

Microsoft launches next-generation Xbox gaming consoles amid pandemic-driven demand

Microsoft Corp this week launched two models of its Xbox gaming console, seven years after the debut of the previous version, to capture a pandemic-driven boom in consumer spending on…

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12

Nov

YouTube back up after worldwide outage

YouTube, owned by Alphabet Inc's Google , said late on Wednesday it had fixed a glitch that led to a worldwide outage of the video-streaming service. DownDetector.com, a website which…

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11

Nov

European Coca-Cola bottler’s revenue tops estimates on summer rebound

Soft drinks bottler Coca Cola HBC AG on Wednesday topped estimates for third-quarter revenue as relaxed COVID-19 restrictions during the summer helped demand rebound at restaurants, theatres and other public…

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