11

Jan

Lidl GB makes prices pledge as Christmas sales rise

The British arm of German discount supermarket group Lidl on Tuesday reported a rise in sales over the Christmas period and reiterated its pledge to offer the lowest prices in…

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11

Jan

Oil rises towards $82 as demand recovery seen on track

Oil rose towards $82 a barrel on Tuesday, supported by tight supply and hopes that rising coronavirus cases and the spread of the Omicron variant will not derail a global demand…

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04

Jan

BlackBerry pulls life support for once-indispensable business smartphone

BlackBerry Ltd is pulling the plug on service for its once ubiquitous business smartphones, which were toted by executives, politicians and legions of fans in the early 2000s. The move…

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04

Jan

The Malta Chamber appeals for dialogue and reasonableness not directives  

The Malta Chamber of Commerce, Enterprise and Industry said that it compelled to remind unions that their counterparts in social dialogue on behalf of their members employed by the private…

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04

Jan

Oil rises above $78 on optimism about 2022 outlook

Oil rose above $78 a barrel on Monday, supported by tight supply, a strong U.S. dollar, and hopes of a further demand recovery in 2022, despite OPEC+ looking set to agree…

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28

Dec

Riot Games agrees to pay $100 million to settle gender discrimination lawsuit

Tencent Holdings' Riot Games on Monday said it has agreed to pay $100 million to settle a 2018 gender-based discrimination class-action lawsuit with California state agencies and current and former…

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28

Dec

Apple closes New York City stores to shoppers as COVID-19 cases rise

Apple Inc said on Monday it has closed all of its 12 New York City stores to indoor shopping as cases of the Omicron coronavirus variant surged across the United…

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28

Dec

Asian shares rise as Omicron fears subside

Asian shares gained on Tuesday, cruising in the slipstream of another record-setting day on Wall Street amid strong retail figures, while the safe-haven yen lost ground as traders stayed in…

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22

Dec

MEA calls on Government to issue clear policy guidelines on Covid-19

The Malta Employers’ Association said today that the current surge in COVID cases is worrying many employers, and warned that inaction on the part of government might lead to a…

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21

Dec

Oil prices steady as Omicron worries linger

Oil prices steadied on Tuesday after a sharp fall in the previous session as investors worried about the rapid spread of the Omicron coronavirus variant and the impact of renewed restrictions…

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21

Dec

Enhancing quality, upholding the rule of law: accountancy professionals and Registrar of Companies share common objectives in frank discussion

The provision of timely, reliable and complete documentation, in observance of established rules and regulations is in the common interest of practitioners and the Malta Business Registry. This key message…

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20

Dec

Malta: CBM expects domestic demand to drive recovery in 2022

The Central Bank of Malta (Bank) is forecasting that Malta's gross domestic product (GDP) will grow by 6.0% in 2021, by 6.5% in 2022, 5.3% in 2023 and 3.8% in…

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12

Dec

Our duty to protect a 30-year industry – Daniel Bilocca

That Malta is a greylisted country is no news. What will make news is a solution that puts Malta back on the right track. But let us add some more…

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10

Dec

Malta: Airport travel drops in November 36% lower than 2019, but MIA sees green shoots

Last November saw 315,964 passengers travel through Malta International Airport. This total translates into a decrease of 35.9 per cent compared to 2019 figures, which is the lowest percentage drop…

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07

Dec

IMF says euro zone should keep supporting economy, high inflation is temporary

Euro zone governments should continue to spend to support the COVID-19 economic recovery, though in an increasingly focused way, and consolidate public finances only when it is firmly under way,…

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30

Nov

Car executives expect EVs will own half of U.S., China markets by 2030 – survey

Auto industry executives expect electric vehicles will make up just over half of new vehicle sales in the United States and China by 2030, and could do so without receiving…

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30

Nov

Oil price down on jitters over vaccine efficacy

Oil prices tumbled more than 3% on Tuesday after Moderna's CEO cast doubt on the efficacy of COVID-19 vaccines against the Omicron coronavirus variant, spooking financial markets. The head of drugmaker…

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30

Nov

Investors cling to hope as Omicron spreads, shares rebound

A semblance of calm returned to world markets as investors waited for more details to assess the severity of the Omicron coronavirus variant on the world economy, allowing battered stocks…

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26

Nov

Joint Malta Chamber and CBM seminar discusses the permanency of the current inflationary trends

Inflation has become extremely topical after many years of price stability within the Euro zone.  “The bottlenecks created by the deep recession caused by the pandemic and the relatively quick…

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23

Nov

MFSA urges banks to be vigilant once COVID support measures are phased out

The Malta Financial Services Authority said that it was working closely with banks to ensure that they are able to recognise early warning signs of credit deterioration once COVID support…

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16

Nov

MGC Pharma to produce medication to treat inflammation caused by Covid-19 in Malta

A multi-million investment by MGC Pharma was inaugurated today during a ceremony to mark the company's decision to develop its facility in Malta. The 4 million investment was carried out…

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16

Nov

BMW fourth quarter off to good start, sees double-digit 2021 margins

MW's October sales came in better than expected and November sales are off to a good start, the carmaker's CFO said on Tuesday, adding he expected the company to reach…

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12

Nov

Businesses that honour their tax obligations are being discriminated against, Chamber says

The Malta Chamber of Commerce, Enterprise and Industry has expressed its opposition to a government decision to allow those having have tax arrears that were due by January 2021 to…

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09

Nov

Primark well stocked for Christmas and won’t raise prices-finance chief

Associated British Foods' Primark fashion business has good stock availability for the Christmas trading period and will not be raising prices despite supply chain disruption and inflationary pressures, its finance chief said…

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09

Nov

PayPal profit beats estimates, U.S. Venmo users can pay on Amazon from next year

PayPal Holdings Inc beat Wall Street estimates for quarterly profit and said U.S. users of its peer-to-peer payment service Venmo would be able to pay on Amamzon.com starting next year. The…

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09

Nov

Grocery price rises turn up heat on consumers, research shows

British grocery price inflation was 2.1% in the four weeks to Oct. 31, its highest level since August 2020, market researcher Kantar said on Tuesday, adding to the pressure on household finances.…

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09

Nov

Oil prices rise on news of positive signs for global economic growth

Oil prices rose on Monday as positive signs for global economic growth supported the outlook for energy demand and the United States said it was weighing options to address high prices.…

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06

Nov

Umana Medical appoints International Business Development Executive Giulio Bertini as Chief Commercial Officer

Umana Medical has announced the appointment of experienced industry leader Giulio Bertini as its new Chief Commercial Officer. Giulio Bertini brings a wealth of experience in the med-tech sector, with…

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02

Nov

BOV registers €46.5 million profit in first 9 months of 2021

Profit before Tax for the BOV Group for the third quarter of 2021 amounted to €20.6 million with profit before tax for the first nine months of 2021 totaling €46.5…

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02

Nov

Coca-Cola to fully acquire Gatorade rival BodyArmor for $5.6 billion

Coca-Cola Co said on Monday it would buy the remaining stake in BodyArmor it did not already own for $5.6 billion, as the soda maker amps up its sports drink portfolio…

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02

Nov

Tesla recalls nearly 12,000 U.S. vehicles over software communication error

Tesla Inc is recalling nearly 12,000 U.S. vehicles sold since 2017 because a communication error may cause a false forward-collision warning or unexpected activation of the emergency brakes, the National Highway Traffic Safety Administration (NHTSA) said Tuesday. The California…

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02

Nov

Hili Properties plc launches Initial Public Offering of 185 million ordinary shares

Hili Properties plc, the strategic real estate investment subsidiary of Hili Ventures, is launching an Initial Public Offering of more than 185 million ordinary shares having a nominal value of…

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02

Nov

BlackRock raises $673 million for climate-focused infrastructure fund

BlackRock Inc told Reuters it has raised a target-beating $673 million for an infrastructure fund with backing from the French, German and Japanese governments to invest in climate-focused projects such…

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02

Nov

Oil prices rise on slow OPEC output increase

Oil prices rose on Tuesday as key producer group OPEC undershot its expected pace of output increases last month, while the world's top oil consumer China ramped up operating rates to meet a…

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26

Oct

Tesla joins $1 trillion club after 12% increase in stock value

The surge in Tesla Inc's stock market value beyond $1 trillion on Monday is a double bonanza for Chief Executive Elon Musk, the electric car maker's largest shareholder. The stock rallied 12.7%…

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19

Oct

MDB Covid-19 Guarantee Scheme extended until 31 December 2021

The Malta Development Bank (MDB) is pleased to announce that the European Commission, in its decision of 15 October 2021, has approved the prolongation of the Bank’s existing Covid-19 schemes…

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19

Oct

Malta Chamber welcomes PN Leader’s positive proposals, calls for a long-term, sustainable fiscal vision

In a statement on Tuesday afternoon, The Malta Chamber welcomed the fact that several of the measures it proposed were taken on board by the Leader of Opposition in his…

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12

Oct

IMF cuts global growth outlook as supply bottlenecks hobble pandemic recovery

Persistent supply chain disruptions and pricing pressures are constraining the global economy's recovery from the COVID-19 pandemic, the International Monetary Fund said on Tuesday as it cut growth outlooks for the United…

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12

Oct

Former IBM Country Sales Manager Joins EBO as Director of New Cyprus Office

Following EBO’s recent announcement of its expansion to Cyprus, the company has now announced the appointment of Alexandros Patsalides as its new Director for its Financial Services Division headquartered in…

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12

Oct

Tesla sold record 56,006 China-made vehicles in September

U.S. electric vehicle (EV) maker Tesla Inc sold 56,006 China-made vehicles in September, the highest since it started production in Shanghai about two years ago, data from the China Passenger Car Association…

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12

Oct

Oil prices rise amid rebound in global demand

Oil prices reversed early losses to extend gains on Tuesday into a fourth day amid a rebound in global demand that is contributing to energy shortages in major economies. Brent crude…

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12

Oct

Growth is biggest challenge for emerging economies -World Bank chief economist

Lack of growth is the biggest economic challenge facing developing economies, the World Bank's chief economist said on Monday. Economic growth was essential for poverty reduction, as well as creating government revenues to use for fiscal space, social…

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08

Oct

PM confirms Papal visit in first three months of 2022 / Malta News Briefing – Friday 8 October 2021

atest Update- News Portal Briefing Times of Malta says tensions ran high at the murder trial of Hugo Chetcuti on Friday as the victim’s brother-in-law cried, shouted and gestured while…

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06

Oct

Chamber welcomes National Employment Policy, says it identifies the key challenges of our labour market

The Malta Chamber has welcomed the recommendations proposed in The National Employment Policy launched yesterday by Finance Minister Clyde Caruana, one which identifies the key challenges in our labour market.…

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05

Oct

62+ Malta Government Bonds oversubscribed, Treasury to allocate €100 million

The Maltese Treasury said on Tuesday the total value of applications for this year’s issue of the 62+ Malta Government Savings Bond received from new applicants and applicants who already…

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05

Oct

Justin Bieber launches Peaches-inspired cannabis line

Justin Bieber has launched his first-ever cannabis line. The 27-year-old is partnering with the California-based company Palms to develop a line of pre-rolled joints, called Peaches. The name is a…

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05

Oct

McDonald’s pledges net-zero emissions by 2050

McDonald's says it aims to cut its global greenhouse gas emissions to net zero by 2050. The target covers everything from the beef in its burgers to the lights in its…

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05

Oct

Oil climbs past $81 with OPEC+ sticking to output increase

Oil jumped to a three-year peak on Monday after OPEC+ confirmed it would stick to its current output policy as demand for petroleum products rebounds across the world. The producer…

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28

Sep

Deutsche Boerse says relocation of euro clearing from London inevitable

Euro derivatives clearing was shifting from London to Frankfurt, showing how ending a heavy reliance on Britain after Brexit is feasible, a senior Deutsche Boerse official said on Monday. Clearing is the process by which a third party organisation…

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28

Sep

National Foreign Direct Investment Screening Office inaugurated

The National Foreign Direct Investment Screening Office (NFDIS) was inaugurated by the Minister for the Economy and Industry Silvio Schembri, Chairperson of the NFDIS Mr Mario Galea, and Director General…

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14

Sep

Amazon boosts hourly pay to over $18, to hire 125,000 workers

Amazon.com hiked its average starting wage to $18 per hour on Tuesday and said it plans to hire more than 125,000 warehouse and transportation workers in the United States. The…

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07

Sep

Allianz under investigation in Germany

German regulators have launched an investigation into the country's biggest financial company, Allianz, after the demise of some of its U.S. investment funds last year, people with direct knowledge of the…

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07

Sep

OPEC+ keen to keep oil prices at $65-$75 a barrel, Lukoil chief says

The head of Russia's No. 2 oil producer Lukoil said that oil prices of $65-$75 were "comfortable" for consumers and that the OPEC+ group of leading oil-producing nations was striving to maintain that price range by…

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31

Aug

Ryanair CEO sees ‘very strong recovery’, nudges up passenger target

Ryanair has nudged up its passenger target for the autumn amid signs of a "very strong recovery" in European short-haul flights, Chief Executive Michael O'Leary told Reuters in an interview on…

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31

Aug

Euro zone inflation surges to 10-year-high, in headache for ECB

Euro zone inflation surged to a 10-year-high in August with further rises likely, challenging the European Central Bank's benign view on price growth and its commitment to look past what it deems…

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31

Aug

NOUV invests in new, bigger offices, doubles workforce

Notwithstanding the pandemic, the past eight months have been very active and positive for consulting firm NOUV. During this period, the company doubled its workforce, moved to new and larger…

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31

Aug

Oil price down as US hurricane takes its toll

Oil prices slipped on Tuesday amid concerns that power outages and flooding in Louisiana after Hurricane Ida will cut crude demand from refineries at the same time global producers plan to…

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