Corporate News

Bortex To Produce Face Masks, Medical Scrubs to support Maltese healthcare authorities

The Bortex Group of Companies has announced that it has switched its local production capacity to produce face masks and medical scrubs. The initiative undertaken by the group is being…

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Chamber of SMEs welcomes measures but demands support

The Malta Chamber of SMEs said that it agrees with public health measures announced by the government on Sunday. Health Minister Chris Fearne said that a mandatory closure of all…

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CommuniqEU Dispatch – Taxation

This article by Keith Zahra appeared first on Diplomatique.Expert (Edition 23) and is compiled by CiConsulta for Corporate Dispatch In its effort to combat tax fraud and enchance cooperation between national tax…

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Fitch Ratings affirm Malta’s ‘A+’ rating with Positive Outlook

Fitch Ratings has affirmed Malta's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'A+' with a Positive Outlook, despite unfolding corruption allegations and a recent rise in political volatility. Foreign demand…

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Maltese listed in top global Influential Women in the iGaming Industry

Maltese Maris Bonello, head of responsible gaming and research at iGaming company Kindred, is a runner up in the Most Influential Women 2019 list, published by iGB Business. Maris Bonello…

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2,800 jobs at risk as Mothercare will close all its UK stores

Mothercare is to close all its 79 UK stores and online business with the potential loss of 2,800 jobs after appointing administrators from PricewaterhouseCoopers on Tuesday. The administration will not…

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05

Nov

Facebook unveils new brand identity

Facebook unveiled a new logo today that’s meant to represent the parent company that owns Facebook, Instagram, WhatsApp, and more. The logo just says “Facebook,” but in a really bland…

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Over a Coffee . . . with Lawrence Pavia, Managing Director, Island Insurance Brokers

How would you describe yourself in a few words? Eternal optimist, passionate in whatever I decide to get invovled in and positive. What drew you to the insurance business? After…

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Repatriation of passengers following Thomas Cook collapse enters the second week

Britain's Civil Aviation Authority on Tuesday said 39 flights are scheduled to bring back a further 7,000 people to the country after the Thomas Cook collapse, as the operation enters…

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Slovenian flag carrier Adria Airways suspended all its flights over liquidity problems

Slovenian flag-carrier Adria Airways has ‘temporarily’ suspended flight operations, the airline announced on late Monday evening. Talks regarding an investment to save Adria Airways’ operations had failed. The airline’s request for…

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Roughly 600,000 travellers stranded around the world after British tour operator Thomas Cook declares bankruptcy (Updated)

British tour operator Thomas Cook has ceased trading and all its hundreds of thousands of bookings canceled after the firm failed to secure rescue funding. The Civil Aviation Authority announced…

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Corporate and Financial News Roundup

Argentina has defaulted on its debt, according to Standard & Poor’s, the rating agency, after it announced plans to delay payments on its $101bn of borrowings. - Financial Times Lebanon’s central…

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Corporate and Financial News Roundup

The seasonally adjusted monthly unemployment rate in July was 3.4%, the National Statistics Office said. It said that according to figures from the Labour Force Survey and Jobsplus, this was at…

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Corporate & Financial News Update

Oil prices rose on Tuesday after U.S. President Donald Trump predicted a trade deal with China following positive comments by Beijing, calming concerns raised by an earlier round of tit-for-tat…

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Huawei in talks with Russia to provide OS system to use for country’s census

China’s Huawei has begun talks with Russia about installing Russian operating system (OS) Aurora on 360,000 of its tablets to conduct Russia’s population census next year, two sources told Reuters.…

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Corporate and Financial News Update

The United States and China sought to ease trade war tensions on Monday, with Beijing calling for calm and U.S. President Donald Trump predicting a deal after markets fell in…

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Midday Dispatch – Corporate and Financial News

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Midday Dispatch – Corporate and Financial News

Swiss watch exports to their top market Hong Kong fell a modest 1.3% in July amid increasingly violent anti-government protests in the former British colony that have weighed on watch…

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Microsoft’s AI team engages Former Apple SIRI chief

Bill Stasior, the former head of Apple’s Siri division, is leaving the company after nearly 1a decade to join Microsoft’s artificial intelligence division, reports The Information. Although Stasior left Apple…

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Malta : Bond Issuer Rankings – Edward Rizzo

All bond issuers on the Regulated Main Market and the companies that act as guarantors to several of the issuers have now published their annual financial statements and also their…

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Midday Dispatch – Corporate and Financial News

Fears over a global economic downturn were intensified by disappointing data from China and Germany, sending bond yields tumbling to new lows and weighing on jittery stock markets. - Financial…

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Midday Dispatch – Corporate and Financial News

Argentina's peso lost 14 percent of its value against the dollar when exchange markets opened on Monday after President Mauricio Macri suffered a crushing defeat in party primaries over the…

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Midday Dispatch – Corporate and Financial News

Good day, These are some of the main stories from the local and global corporate and financial world as reported by leading agencies and media. The mood across global markets…

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Midday Dispatch – Corporate and Financial News

Italian stocks dropped sharply in early trade on Friday as Matteo Salvini, leader of Italy's League party, called for a snap election. The FTSE MIB I945, -1.85%dripped 1.6% in Milan…

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Midday Dispatch – Corporate and Financial News

Disney has had the biggest year at the box office for any film studio in history, as blockbusters like Avengers: Endgame have raked in billions for the Mouse House —…

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MiddayDispatch – Corporate and Financial News – 6th August 2019

Inbound tourist trips for the first six months of 2019 amounted to 1,208,068, an increase of 3.9 per cent over the same period in 2018. Total nights spent by inbound…

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Midday Dispatch – Corporate and Financial News

In June 2019, the seasonally adjusted index of industrial production for Malta increased by 1.9 per cent. Increases were registered in the production of energy (4.7 per cent), consumer goods…

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Midday Dispatch – Corporate and Financial News

Britain is ramping up preparations for a no-deal Brexit by spending an extra 2.1 billion pounds to make sure the country is ready to leave the European Union with or…

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Midday Dispatch – Corporate and Financial News

Apple delivered upbeat guidance for the rest of 2019 and beat analyst estimates for its fiscal third quarter, suggesting more momentum than expected even as iPhone sales shrink. Financial Times Asian…

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Spain’s BBVA is put under formal investigation on spying case

Spain's second biggest bank BBVA has been charged with corruption for alleged corporate spying involving a disgraced former police chief, a court said Monday. Spain's National Court, which handles major…

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Midday Dispatch – Corporate and Financial News

Sterling faced a fresh blow on Tuesday, deepening its losses for July to more than 4 per cent amid rising expectations in currency markets that the UK will drop out…

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US bank Capital One suffers massive data breach

Capital One, the US bank, said on Monday that it had suffered a massive data breach, reporting that an outside hacker obtained the personal data of more than 100m customers…

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PG Group’s Paul Gauci donates significant contribution in innovative CSR initiative to support Caritas and Dar Tal-Providenza

Entrepreneur Paul Gauci made a promise to Mgr Victor Grech 20 years ago as they sat together in Qawra that summer: that he would help Caritas – which the priest…

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Midday Dispatch – Corporate and Financial News

Spain's High Court on Monday placed the country's second-largest bank BBVA under formal investigation as part of a probe into an alleged spying case that dates back to 2004, the…

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Midday Dispatch – Corporate and Financial News

The European Central Bank (ECB) prepared markets for more easing measures on Thursday, causing the euro to fall to a two-year low against the dollar. Reuters Turkey’s central bank slashed its…

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Midday Dispatch Corporate and Financial News

Incoming British Prime Minister Boris Johnson may need to rethink his stance on Brexit, given Parliament’s opposition to a so-called hard Brexit, a UBS investor projected on Wednesday. That’s likely…

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Bravo teams with Scouts in clean-up and tree planting initiative

A group of around 30 scouts from the Stella Maris College Scout Group, together with their Scout Leaders, have recently undertaken cleaning activities in Gharghur, in the area better known…

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Midday Dispatch Corporate and Financial News

European shares were flat to marginally higher in early trading on Monday, with Italian shares recovering some ground after a bout of selling driven by political nerves as all eyes…

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Midday Dispatch – Financial and Corporate News

Microsoft beat analysts' revenue projections by nearly $1 billion when it announced earnings for the fourth quarter of its 2019 fiscal year, as its cloud division Azure continues its path…

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Midday Dispatch – Corporate and Financial News

The EU’s powerful antitrust authority launched an in-depth investigation into Amazon on Wednesday, amid suspicions the US-based online behemoth misuses merchant data hosted on its website. France 24 / Reuters In…

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Midday Dispatch – Corporate and Financial News

Ryanair says delays to deliveries of the crisis-hit Boeing 737 MAX means it must scale back some of its services. CD A total of 1,575,472 passengers travelled between Malta…

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Midday Dispatch – Corporate and Financial News

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…

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Midday Dispatch – Corporate and Financial News

Donald Trump has launched a stinging attack on cryptocurrencies, including Facebook’s proposed Libra coin, and warned that the social media network might be subject to full banking regulation if it…

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Midday Dispatch – Corporate and Financial News

Good afternoon These are some of the main stories from the corporate and financial world. Maltese financial services sector registered a 9.5% growth - Business Today Oil prices hit a six-week…

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Midday Dispatch – Corporate and Financial News

During the ﬁrst quarter of 2019, the Property Price Index (PPI) in Malta, increased by 6.5 per cent when compared to the corresponding quarter of the previous year, the NSO…

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Midday Dispatch – Corporate and Financial News

The euro dropped to a three-week low against a broadly stronger dollar on Tuesday as investors re-assessed their expectations of how much the Federal Reserve may cut interest rates this…

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Go enhances experience with new free upgrade for its TV customers

GO has kicked off the first phase of an important TV migration exercise which will see thousands of TV customers wake up to a totally enhanced TV user experience. This…

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Malta Public Transport increases service frequency to meet increased passenger demands

Malta Public Transport is updating its summer schedules due to increased passenger demand. The changes will come into effect on Sunday. The updated journeys are listed below: Route 31 –…

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Corporate and Financial News Midday Dispatch

In May 2019, in Malta the seasonally adjusted index of industrial production increased by 1.3 per cent. Increases were registered in the production of energy (4.5 per cent), consumer goods…

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Midday Dispatch – Financial and Corporate News

George Osborne would like to fill the vacancy as head of the IMF, telling friends that he is perhaps best placed to win support from Europe, the US and China.…

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Midday Dispatch – Financial and Corporate News

European leaders have agreed a deal to fill the EU’s most important jobs, backing Christine Lagarde to lead the European Central Bank and Ursula von der Leyen to be president…

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Midday Dispatch – Corporate and Financial News

Jeremy Hunt is planning to ramp up preparations for a no-deal Brexit which will include a £6bn war chest for farmers and fishermen exporting to Europe. The Tory leadership candidate has…

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Midday Dispatch – Corporate and Financial News

Good afternoon Our daily round up of financial and corporate news. The seasonally adjusted unemployment rate for May 2019 was 3.5 per cent, unchanged from the previous month and down…

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Midday Dispatch – Corporate and Financial News

The Conservative Party must unite under its next leader — whoever that may be — in order to avoid the “threat” of a “hard-left” government led by the Labour party,…

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Midday Dispatch – Corporate and Financial News

Facebook’s hopes of launching a new virtual currency have suffered another blow, as two more financial regulators said on Tuesday they are paying close attention to the social media company’s…

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Midday Corporate Dispatch – Financial and Corporate News

These are the salient financial and corporate news. Provisional figures for Malta’s external transactions show that during January-March 2019, the current account balance recorded a surplus of €48.9 million as…

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Malta: MEAINDEX wins National Award for Support to Enterprises

MEAINDEX - The Online Toolbox for Business Entrepreneurs presented by the Employers Association and the promotion campaign for equal opportunities in the manufacturing industry by the Chamber of Commerce, were…

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