10

Nov

Now is the time to re-think our tourism strategy – Dr George Cassar

“Trying to save our tourism sector has helped us realise that our immediate health and safety are more essential than the economy. However, now is the time to see how…

Read More Here

09

Nov

Sterling lifted by vaccine, boosted by Biden

Sterling rose on Monday, as global risk appetite was lifted by news of progress in Pfizer's COVID-19 vaccine trials, as well as Democrat Joe Biden's U.S. election win, but ongoing Brexit negotiations…

Read More Here

09

Nov

European banks, airlines surge after Pfizer COVID-19 vaccine news

Shares in European banks and in the travel and leisure industries surged about 10% on Monday after Pfizer announced that its experimental COVID-19 vaccine was more than 90% effective, which prompted a…

Read More Here

07

Nov

Bentley’s luxury car range to be fully electric by 2030

Bentley Motors’ model line-up will include only plug-in hybrids and electric cars by 2026 and will be fully electric by 2030, the British luxury carmaker said, as the auto industry…

Read More Here

07

Nov

Marriott posts surprise profit on cost cuts, improved bookings

Marriott International Inc reported a surprise third-quarter profit, helped by cost cuts and a near doubling of occupancy rates in its North American hotels from the previous quarter as leisure…

Read More Here

07

Nov

Amazon launches regional hub in Europe for air cargo

Amazon.com Inc said it has launched its first regional hub in Europe to handle air shipments, creating 200 new jobs in Germany’s Schkeuditz, where the new facility is based. Amazon…

Read More Here

07

Nov

EasyJet scales back flying capacity due to lockdowns

British airline easyJet said recently announced lockdowns in England, Germany and France had forced it to scale back its already reduced flying schedule, and it would now fly no more…

Read More Here

06

Nov

Toyota to double full-year profit forecast

Toyota Motor Corp will more than double its full-year operating profit forecast when it reports second quarter earnings on Friday as vehicle sales rebound in China and the United States,…

Read More Here

05

Nov

Wizz Air revenues plunge 72% in six months to September

Wizz Air said revenue plunged 72% in the six months ended September as passenger numbers shrunk during the pandemic, and forecast a challenging winter as restrictions continue. But the company…

Read More Here

05

Nov

Facebook Says Introducing Disappearing Messages On WhatsApp

Facebook announced introduced the option to use disappearing messages on WhatsApp. When disappearing messages is turned on, new messages sent to a chat will disappear after seven days, helping the…

Read More Here

05

Nov

Nestle using insect protein in Purina pet food

Nestle's Purina brand is launching a line of pet food using insects, as the world's biggest food group tests more environmentally sustainable protein sources. The move addresses a trend of…

Read More Here

05

Nov

Easyjet reported to be discussing state aid with Germany

British budget carrier Easyjet , which is struggling with lower air traffic demand due to the coronavirus pandemic, is in talks with Germany about state aid, business magazine Wirtschaftswoche reported…

Read More Here

05

Nov

Lufthansa warns of further restructuring costs

Lufthansa on Thursday said it booked a net loss of 2 billion euros ($2.35 billion) in the third quarter due to the pandemic-related slump in travelling and said further restructuring…

Read More Here

05

Nov

Caterpillar is planning to cut 700 jobs at its Northern Ireland operations

Caterpillar, the US manufacturing firm, is planning to cut 700 jobs at its Northern Ireland operations. The job losses will predominantly affect workers at its plant in Larne, County Antrim.…

Read More Here

05

Nov

British supermarket Sainsbury’s says 3,500 jobs at risk in restructuring

British supermarket group Sainsbury's said on Thursday it could cut 3,500 jobs in a restructuring. A large number of the jobs will likely go from the group's Argos general merchandise…

Read More Here

04

Nov

British retailer John Lewis to cut 1,500 head office jobs

British retailer John Lewis said on Wednesday it would cut 1,500 head office jobs as part of its strategy to return to sustainable profit by 2025. The employee-owned department stores…

Read More Here

04

Nov

Zalando prepared as virus return boosts ecommerce

German online fashion retailer Zalando said on Wednesday it was well prepared for a second coronavirus wave after it reported better-than-expected profitability due to an "exceptionally" strong spring and summer…

Read More Here

04

Nov

Hilton posts quarterly loss on COVID-19 pain

Hilton Worldwide Holdings Inc reported a quarterly loss on Wednesday, compared to a year-ago profit, as the COVID-19 pandemic disrupted global travel. The company's comparable RevPAR - a key performance…

Read More Here

04

Nov

BMW profit rebounds on China demand for luxury cars

BMW on Wednesday said its third-quarter profit rose almost 10% thanks to rebounding Chinese demand for luxury cars and reiterated its outlook, even as a wave of coronavirus infections continues…

Read More Here

04

Nov

M&S lobbying UK government for extended trading hours in December

British retailer Marks & Spencer is lobbying the UK government for store trading hours on Sundays to be extended in December to help make up for lost trade in November's…

Read More Here

04

Nov

UAE State-owned flydubai to start Tel Aviv flights this month

United Arab Emirates airline flydubai on Wednesday said it would start direct fights to Israel this month with twice daily services between Dubai and Tel Aviv. The announcement comes after…

Read More Here

04

Nov

M&S slumps to first ever loss as COVID-19 hammers clothing sales

Britain's Marks & Spencer on Wednesday slumped to the first loss in its 94 years as a publicly listed company after clothing sales were hammered by the COVID-19 pandemic. M&S,…

Read More Here

04

Nov

Britain’s Lloyds steps up job cuts with more than 1,000 fresh layoffs

Britain's biggest domestic bank Lloyds said it is cutting 1070 jobs, accelerating redundancies despite a return to profit in the third quarter. "These changes reflect our ongoing plans to continue…

Read More Here

04

Nov

Emirates airline asks some pilots to take 12 months unpaid leave

Dubai's Emirates airline is asking some pilots to take a year of unpaid leave as it seeks to cut costs due to the impact of the coronavirus pandemic. The aviation…

Read More Here

02

Nov

Ryanair expects to fly 50-80% of normal schedule in summer 2021

Ryanair expects to fly between 50% and 80% of its pre-pandemic traffic levels in the summer of 2021, Chief Executive Michael O'Leary said on Monday. "We don't expect at this…

Read More Here

02

Nov

Primark-owner sees 375 mln stg loss of sales from lockdowns

Associated British Foods, the owner of clothing retailer Primark, said it estimated it would lose 375 million pounds ($484 million) of sales from temporary closures of its stores in major…

Read More Here

02

Nov

Ryanair posts first summer loss in decades; flags winter capacity cut

Ireland's Ryanair Holdings PLC posted a loss for its key summer period for the first time in decades on Monday, and said it may have to cut capacity further this…

Read More Here

31

Oct

KLM pilots reject Dutch govt’s wage freeze demand

The pilots' union of KLM, the Dutch arm of Air France, on Saturday declined to accept a wage freeze through to 2025, potentially endangering efforts to secure the company's future…

Read More Here

31

Oct

Amazon withdrawing French Black Friday campaign

Amazon is withdrawing advertising for pre-Black Friday discounts in France, after the government said the campaign was unfair to small shops at time when a coronavirus lockdown has forced them…

Read More Here

30

Oct

Japan Airlines forecasts record annual loss of $3.6 bln

Japan Airlines Co Ltd (JAL) on Friday forecast a record operating loss of as much as 380 billion yen ($3.63 billion) for the year through March, and said it would…

Read More Here

30

Oct

New IAG boss warns of more cuts as COVID crisis drags on

The new boss of British Airways-owner IAG warned he may have to strip even more costs from the business as a second wave of COVID-19 leaves its airlines staring at…

Read More Here

30

Oct

Air France-KLM warns of bigger losses amid lockdowns, Dutch government rejects restructuring plan

Air France-KLM unveiled a 1.05 billion-euro ($1.24 billion) quarterly operating loss and warned of worse to come as a resurgent coronavirus brings new travel curbs. The Franco-Dutch airline group reported…

Read More Here

30

Oct

Angry Birds maker Rovio reports profit jump

Rovio Entertainment, maker of the 10-year-old "Angry Birds" mobile game series, on Friday reported a 138% jump in third-quarter adjusted operating profit, helped by lower marketing costs and stable games…

Read More Here

30

Oct

UniCredit in Italy moves to curb branch access, urges staff to work remotely

UniCredit is demanding clients book an appointment to access its branches, a spokesman for Italy’s second-biggest bank said, as the country battles daily new records in COVID-19 infections. UniCredit, which…

Read More Here

29

Oct

Xiaomi bucks trend of contracting China smartphone market

China's smartphone market continued its steady contraction in the third quarter, with shipments declining 14% year-on-year, research firm Counterpoint reported. Xiaomi Corp was the only brand to see growth in…

Read More Here

29

Oct

Nokia cuts full-year profit forecast, sets new strategy

Nokia cut its full-year profit forecast on Thursday even as the telecom network equipment maker's quarterly underlying profit met expectations in its first earnings under new CEO Pekka Lundmark. The…

Read More Here

29

Oct

LVMH, Tiffany agree on lower price in $16 bln takeover deal

U.S. jeweler Tiffany & Co has agreed with LVMH to slightly lower the price of its acquisition by the French luxury goods group, ending a bitter legal dispute between the…

Read More Here

29

Oct

“Digitalisation must leave no one behind” – MEA Director General

Malta Employers Association director general Joseph Farrugia called for an overhaul in the STEM curriculum to make it accessible for more children. Speaking at the National SME Forum on Thursday,…

Read More Here

29

Oct

Spain could sell stake in Bankia after end 2021, Economy Minister says

The Spanish government could sell its stake in Bankia beyond the deadline set for 2021 in a bid to maximize its value, Economy Minister Nadia Calvino said on Thursday. "There…

Read More Here

29

Oct

Visa profit falls 23% as payment volumes plunge

Visa Inc missed Wall Street estimates for fourth quarter profit on Wednesday, as high unemployment due to the coronavirus-induced recession continued to weigh on consumer spending. The payments processor said…

Read More Here

29

Oct

Ralph Lauren sees more pandemic pain ahead

Ralph Lauren Corp missed revenue estimates for the second quarter on Thursday, as fewer customers spent on its high-end apparel and accessories during the COVID-19 pandemic. The luxury apparel retailer…

Read More Here

29

Oct

Boeing to cut 20% of workforce by end of 2021

Boeing Co unveiled a fourth straight quarterly loss and deeper job cuts on Wednesday as the coronavirus pandemic and the lengthy grounding of its 737 MAX continued to hammer revenue.…

Read More Here

29

Oct

Microsoft detects cyberattacks targeting over 100 high-profile individuals

Microsoft Corp said that it detected and attempted to stop a series of cyberattacks from Phosphorus, which the company described as an 'Iranian actor', with the attacks aimed to target…

Read More Here

28

Oct

Almost 200 European airports face insolvency, airports body ACI Europe says

Nearly 200 airports in Europe will face insolvency in the coming months if passenger traffic does not start recovering by the end of the year, airports body ACI Europe said on Tuesday.…

Read More Here

28

Oct

Spanish airport operator Aena says no recovery in sight after 9-month loss

Spanish airport operator Aena said on Wednesday it sees no sign of a rapid recovery in passenger numbers after it made a net loss in the first nine months of…

Read More Here

28

Oct

Finnair flags third straight quarter of virus-induced loss

Finnish flag carrier Finnair PLC reported a second consecutive quarterly loss on Wednesday and said the final quarter is likely to yield a similar result because of restrictions on movement…

Read More Here

28

Oct

Puma reports better-than-expected sales and profit rebound

German sportswear company Puma reported a rebound in third-quarter sales in the Americas and Europe as consumers keen to keep fit during the COVID-19 pandemic bought more online and at…

Read More Here

28

Oct

Italy’s Saipem says outlook remains difficult as it swings to loss

Italian energy services group Saipem expects no major delay to projects and predicted brisker business in the last part of the year after swinging to a loss in the third…

Read More Here

28

Oct

Carrefour’s sales accelerate, keeps goals

Carrefour, Europe's largest retailer, delivered its strongest underlying sales growth for at least two decades in the third quarter, reflecting a better performance in its key markets of France, Spain…

Read More Here

28

Oct

UK’s Next upgrades profit forecast again after strong sales

British fashion retailer Next upgraded its full-year profit guidance for the third time in as many months after full-price sales in its third quarter exceeded its expectations. The company, which…

Read More Here

28

Oct

Amazon launches shopping website in Sweden

Amazon.com Inc on Wednesday opened up its Swedish website, offering customers more than 150 million products across 30 categories, marking its first entry in the Nordics. Swedish customers could already…

Read More Here

28

Oct

Ericsson wins BT’s 5G radio contract for London, other major UK cities

Ericsson said on Wednesday it had been selected by Britain's BT to provide 5G radio equipment in London, Edinburgh, Belfast, Cardiff and other major UK cities, building on the contract…

Read More Here

28

Oct

Apple develops alternative to Google search

Apple is stepping up efforts to develop its own search technology as US antitrust authorities threaten multibillion-dollar payments that Google makes to secure prime placement of its engine on the…

Read More Here

28

Oct

London’s Heathrow is no longer Europe’s busiest airport

London's Heathrow is no longer Europe's busiest airport, ceding its long-held crown to Paris during the pandemic and blaming government inaction for its passenger numbers plunging even more than rivals.…

Read More Here

28

Oct

Italy’s antitrust probes Google for possible abuse of dominant position

Italy's antitrust authority is investigating Alphabet's Google for alleged abuse of its dominant position in the Italian online display advertising market, it said on Wednesday. The investigation follows a complaint…

Read More Here

27

Oct

GPI and Umana test new nanotechology system during Giro d’Italia 2020

Umana Medical’s “nanotechnological” patch is being tested within the area of sports medicine. Umana Medical is the Malta based company of Gruppo Gpi, a company that produces equipment which monitors…

Read More Here

27

Oct

HSBC plc to accelerate plans to shrink in size and slash costs further

HSBC Holdings PLC signalled it would embark on a transformation of its business model, seeking to flip its main source of income from interest rates to fee-based businesses. It also…

Read More Here