28

Apr

STMicroelectronics, GlobalFoundries win EU approval for French chip factory

Chipmakers STMicroelectronics and GlobalFoundries secured EU approval on Friday to build a chip factory with French state aid in France.The companies announced their plan in July last year, with the new facility…

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28

Apr

High inflation still top concern for global economy, say economists

Persistently high inflation remains the biggest economic concern this year even as most central banks are at or near the end-game for rate rises, according to Reuters polls of economists…

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28

Mar

Stop insuring carbon projects ‘immediately’, NGOs tell CEOs

 A group of climate activists has called on 30 insurance company CEOs to "immediately" stop underwriting new fossil fuel projects in the wake of a stark climate warning from U.N.…

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28

Mar

EU agrees on retaliation to counter economic coercion

The European Union has agreed to allow retaliation against countries that put undue economic pressure on EU members to change their policies, such as the trade restrictions the bloc says…

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22

Mar

Mercedes-Benz site searched over suspected corruption – newspaper

German prosecutors are investigating two Mercedes-Benz employees for suspected corruption and conducted searches late last week at the carmaker's factory in Sindelfingen as part of their investigation, the Bild newspaper…

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21

Mar

EU antitrust regulators raid Red Bull premises

EU antitrust regulators have raided a company active in the energy drinks sector in several EU countries on suspicion of taking part in a cartel and also abusing its dominance,…

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21

Mar

EU regulators to investigate tax deals between EU countries and multinationals

EU regulators are likely to open investigations into tax deals between EU countries and multinationals after reviewing their arrangements in the previous decade, the bloc's competition chief warned on Monday.…

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16

Mar

PTL integrates Apcopay plugin for instant payments in Microsoft Dynamics Business Central

PTL, the technology solutions provider for businesses, has launched a plugin for its Microsoft Dynamics 365 Business Central customers that enables credit card payment acceptance through invoices and statements. Designed…

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14

Mar

Facebook’s Meta to cut 10,000 jobs in second round of layoffs

Facebook-parent Meta Platforms said on Tuesday it would cut 10,000 jobs, the first Big Tech company to announce a second round of mass layoffs as the industry braces for a…

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14

Mar

Dust settles on post SVB bank share rout, contagion fears linger

The health of the global banking sector as interest rates rise remained in the spotlight on Tuesday in the wake of the collapse of Silicon Valley Bank (SVB). Markets rebounded…

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14

Mar

Volkswagen to invest $193 billion over 5 years to hit EV target

Volkswagen plans to invest 180 billion euros ($192.76 billion) over the next five years in areas including battery production and its North American operations, it said on Tuesday, with spending…

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07

Mar

Russia begins diesel exports to Saudi Arabia – Refinitiv data

Russia began diesel exports to Saudi Arabia in February as it seeks to contend with an EU embargo on Russian supplies, traders said and Refinitiv data shows. A full EU…

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07

Mar

ECB survey sees moderating inflation, rising wage expectations

Inflation expectations among euro zone consumers dropped in January but expectations for wage growth continued to rise, adding to fears wage growth will slow efforts to control prices, a European…

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01

Mar

Investors pull around $6 billion out of Binance’s stablecoin

 Binance's stablecoin, Binance USD, has seen around $6 billion of outflows following a U.S. regulatory crackdown on the company that issues the token, according to market tracker CoinGecko. Paxos Trust…

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28

Feb

EU antitrust regulators scrap investigation into Coca-Cola, bottlers

EU antitrust regulators on Tuesday scrapped an investigation into potential anti-competitive practices by The Coca-Cola Co and its bottlers, Coca-Cola Europacific Partners and Coca-Cola Hellenic, citing insufficient ground for the…

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28

Feb

Visa, Mastercard pause crypto push in wake of industry meltdown – sources

U.S. payment giants Visa and Mastercard are slamming the brakes on plans to forge new partnerships with crypto firms after a string of high-profile collapses shook faith in the industry,…

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21

Feb

HSBC shares slide as it fails to raise key target despite profit surge

HSBC's profit surged 92% as rising interest rates swelled net interest income, but its shares fell 2% as it failed to raise a key performance target even as Europe's largest…

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21

Feb

Oil price drops on concerns of global economic slowdown

Brent oil fell on Tuesday, reversing the previous day's gain, as fears that a global economic slowdown, and drop in fuel demand, amid aggressive interest rate hikes by the U.S.…

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14

Feb

London’s FTSE 100 hits fresh record high as telecoms surge

UK's FTSE 100 rose to a record high on Tuesday as telecom stocks gained after Liberty Global bought a stake in Vodafone, while investors braced for U.S. inflation data due…

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14

Feb

Coca-Cola sees annual profit above estimates on resilient demand, price hikes

Coca-Cola Co on Tuesday forecast 2023 profit above analysts' estimates, betting on resilient demand for its sodas despite multiple price hikes to tackle rising costs. Demand for the company's sodas has…

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14

Feb

Ford to cut one in nine jobs in Europe in electric revamp

Ford plans to cut one in nine jobs in product development and administration across Europe as part of a global drive to cut costs and be competitive in the electric…

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07

Feb

Cryptoverse: Is bitcoin out of the woods?

(Reuters) - Have bitcoin and ether finally turned a corner? It's looking that way, if crypto options traders are anything to go by. The volume of bitcoin options traded on Deribit, one…

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27

Jan

ECB rejects banking sector call for lower capital to boost lending

The European Central Bank (ECB) on Friday rejected calls from Europe's banks to ease capital rules to boost lending and put them on an equal footing with U.S. rivals. The…

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27

Jan

Fashion retailer H&M’s profit tumbles as costs bite

Sweden's H&M reported on Friday a much larger than expected drop in September-November profit, hit by weak consumer confidence and soaring costs that it did not fully pass on to…

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27

Jan

Britain considers allowing foreign students to work longer hours -The Times

The British government is looking at plans to allow foreign students to work longer hours to boost the economy by plugging vacancies, The Times reported on Thursday. Ministers are looking…

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24

Jan

Italy can boost African gas imports, Eni CEO says

Italy can significantly increase its gas imports from Africa and transfer some of the supply to northern Europe if it boosts its infrastructure in the next few years, the CEO…

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24

Jan

Euro zone business activity back to growth in January

Euro zone business activity made a surprise return to modest growth in January, adding to signs the downturn in the bloc may not be as deep as feared and that…

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24

Jan

Musk to take stand for third day in trial over Tesla funding tweet

Elon Musk, Tesla Inc's chief executive, will take the stand on Tuesday morning in San Francisco a day after telling a jury that he had financial support in 2018 to…

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24

Jan

After a long, cold year, investors are flocking back to Europe

A European recession looked like a no-brainer just a few weeks ago, but that picture has changed dramatically, and investors have started pouring money into the region's stocks, currency and…

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24

Jan

Primark cautious on 2023 outlook after ‘very strong’ Christmas

Clothing retailer Primark reported better-than-expected trading over the Christmas quarter, parent Associated British Foods said on Tuesday, but cautioned economic headwinds may dent consumer spending in 2023. The group said…

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17

Jan

Unshell directive: MEPs adopt position on legislation to clamp down on shell companies

MEPs have proposed to widen the scope and toughen sanctions of proposed legislation aimed at clamping down on shell companies used for tax purposes. MEPs adopted their opinion on Tuesday…

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11

Jan

Apco Ltd partners with Stromkind GmbH

Automation and security provider Apco Ltd has signed a partnership agreement with autonomous systems developer Stromkind GmbH to bring the latest drone technology to Malta. The partnership will allow Apco…

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11

Jan

Britain could narrow scope of banker accountability rules, says minister

Britain will consider narrowing the scope of rules that were introduced after the 2008 financial crisis to hold bankers accountable for risky decisions, financial services minister Andrew Griffith said on…

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10

Jan

Maltese Government and business partners in joint collaboration promoting energy efficiency

The Ministry for the Environment, Energy and Enterprise, together with Malta’s business partners, launched an information campaign promoting energy efficiency for businesses in Malta and Gozo. The campaign, ‘Be Efficient.…

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06

Jan

Tech firms lead companies with most December job cuts -report

American technology firms dominated the number of announced job cuts in December, as some employers downsized workforces to brace for the prospect of difficult economic times looming ahead. According to…

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06

Jan

Pfizer explores options for some rare disease, cancer drugs

Pfizer Inc is exploring options for some early-stage treatments for rare diseases and cancer in a bid to focus on "high-impact" medicines and vaccines, the company said on Thursday. The U.S.…

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06

Jan

Euro zone inflation falls sharply in December but offers ECB little respite

Euro zone inflation tumbled by more than expected last month but underlying price pressures rose, making it likely the European Central Bank will continue raising interest rates for months to come.…

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06

Jan

WATCH: Sony’s ‘Gran Turismo’ flags new entertainment strategy

When Sony Corp Group teases “Gran Turismo,” its long-awaited adrenaline-fueled film adaptation of Sony PlayStation’s hit car-racing franchise at the CES 2023 technology trade show this week, it will really…

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06

Jan

France to permanently lower threshold for scrutiny of foreign investments – Le Maire

France will permanently lower the equity threshold for scrutinizing foreign investments from outside the European Union to 10% from 25%, Finance Minister Bruno Le Maire said on Thursday. Le Maire…

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06

Jan

British shoppers defy cost-of-living crisis at Christmas

Britons spent more than expected over Christmas, Next, one of the country's biggest clothing retailers, said on Thursday in a sign that resilient shoppers helped the sector dodge a cost-of-living…

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03

Jan

UK manufacturing ends 2022 on a low as orders shrink

British manufacturers reported one of their sharpest falls in activity since the 2008-09 recession last month, as new orders fell sharply and companies cut jobs, a monthly survey showed on…

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03

Jan

Tesla makes China boss highest-profile executive after Musk

Tesla Inc's China chief Tom Zhu has been promoted to take direct oversight of the electric carmaker’s U.S. assembly plants as well as sales operations in North America and Europe,…

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03

Jan

World Bank seeks more funds to address climate change, other crises

The World Bank is seeking to vastly expand its lending capacity to address climate change and other global crises and will negotiate with shareholders ahead of April meetings on proposals that include a…

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27

Dec

Stocks and commodities jump as China drops quarantine rule

tock markets gained on Tuesday after China said it would scrap its COVID-19 quarantine rule for inbound travellers - a major step in reopening its borders. MSCI's broadest index of…

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20

Dec

There should not be any ‘crash’ in French and European economy – ECB’s Villeroy

The French and broader European economy should not suffer any "crash" or "hard landing", European Central Bank (ECB) member and Bank of France head Francois Villeroy de Galhau told BFM…

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20

Dec

ESG funds see first drop in a decade after bruising year

Investors pulled more money from funds marketed as "sustainable" than they added for the first time in more than a decade in 2022, hit by fallout from the Ukraine war,…

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16

Dec

Europe’s car repairers call for competition rules rewrite

Europe's car repair and spare parts industry is calling for a rewrite of EU competition rules, arguing they allow carmakers and franchise dealers to disadvantage independent operators. The European Commission has recommended extending…

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15

Dec

Central Bank revises Malta’s 2023 expected growth rate downwards

According to the Central Bank of Malta latest forecasts, Malta's gross domestic product (GDP) is projected to grow by 6.8% this year, and by 3.7% in 2023, followed by growth…

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05

Dec

ECB likely to raise rates by 50 bps next week

The European Central Bank is likely to raise interest rates by 50 basis points (bps) next week on the way to potentially moving beyond a deposit rate of 3% amid ongoing…

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05

Dec

Euro zone investor morale rises to highest since June

Investor morale in the euro zone rose this month to its highest level since June on hopes that mild winter weather and sufficient gas in storage may lessen the chances of a…

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29

Nov

Russian McDonald’s successor solves franchise problem as more outlets join

The successor to McDonald's in Russia is set to add nine more restaurants to its portfolio next month, as a former franchisee of the global hamburger chain agreed to join…

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29

Nov

European retailers downbeat despite Black Friday boost

Europeans snapped up smartphones, Christmas decorations, sweaters and jewellery during a surge in shopping over the Black Friday weekend, though prospects for the festive season remained gloomy, retailers said. A…

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08

Nov

Blow for EU crackdown on tax deals as Fiat wins appeal

Fiat Chrysler on Tuesday won its fight against an EU order to pay 30 million euros ($30 million) in back taxes to Luxembourg, dealing a major setback to EU antitrust chief Margrethe…

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08

Nov

UK watchdog says regulating pension fund consultants would contain risks better

Regulating consultants who advise pension funds would ensure greater focus on managing risks that can emerge from the sector, such as the recent difficulties with liability-driven investment (LDI) funds, the…

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07

Nov

Ryanair hails ‘very strong’ recovery with record summer profit

Ryanair on Monday posted its largest ever after-tax profit for its key summer season and said it expected very strong passenger and fare growth for years to come as customers…

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01

Nov

COP26 a year later: Where do last year’s climate pledges stand?

(Reuters) - A year ago at the U.N. climate talks in Glasgow, Scotland, countries, banks and business leaders announced a slew of climate plans and pledges. Here is an update…

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01

Nov

Pfizer boosts COVID vaccine sales forecast by $2 billion to $34 billion

Pfizer Inc on Tuesday raised its forecast for annual sales of its COVID-19 vaccine by $2 billion to $34 billion on demand for Omicron-targeted boosters, helping allay some investor worries…

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