Inbound tourist trips in Malta, for the first five months of 2019 amounted to 929,979, an increase of 2.8 per cent over the same period in 2018. Total tourism expenditure was estimated at €648.1 million, 3.2 per cent higher than that recorded for 2018. Total expenditure per capita stood at €697, an increase of 0.4 per cent when compared to 2018. NSO
China’s Huawei Technologies will invest $3.1 billion in Italy over the next three years, the chief executive of the telecoms giant’s Italian unit, Thomas Miao, said on Monday. Speaking at an event in Milan, Miao said Huawei would add 1,000 jobs in the country over the next 3 years. Reuters
Workers at seven Amazon sites across Germany will go on strike over pay for at least two days this week starting on Sunday night going into Monday, labor union Verdi said. The strikes, under the motto ‘No more discount on our incomes ”, will coincide with Amazon’s Prime Day when the U.S. online retail giant offers its ‘Prime’ customers discount deals. Germany is its second-biggest market after the United States. CNBC
China’s economy grew at its slowest pace in almost three decades in the second quarter as the trade war with the US took its toll on exports. But resilient domestic consumption meant Beijing was able to avert a deeper slowdown, giving Chinese President Xi Jinping some leeway as he tries to negotiate an end to the dispute with the US. Financial Times
The euro remained within its recent trading range against the dollar on Monday, its progress capped by expectations for a dovish European Central Bank meeting next week and after investors turned more bearish on the currency. Reuters
David Lipton, the acting IMF chief, has backed new monetary stimulus by the world’s top central banks to sustain the flagging global economy — in a thinly veiled nod to the US Federal Reserve and the European Central Bank as they consider easing policy. Financial Times
British retailer Sports Direct has delayed publishing its annual results, warning problems integrating its purchase of House of Fraser stores and increased scrutiny of its accounts could affect the financial guidance it gave in December. Reuters
Warner Music, the label behind Ed Sheeran, has bought First Night Records, home to the recordings of famed West End musicals such as Les Misérablesand Mary Poppins. Financial Times
