02

Jun

Malta: June budget aims to offer incentives to businesses – Finance Minister

A recovery budget to be presented on June 8 is aimed to offer incentives to businesses in a bid to regenerate the economy after the Coronavirus pandemic, Minister for Finance…

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16

May

Malta: Maltese investors have learnt not to panic at first sign of a crisis – financial advisor

Maltese investors have learnt from past situations and do not panic at the first sign of a crisis, financial advisor Jesmond Mizzi said on this week's edition of Indepth. Mizzi…

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10

Apr

The world will see the worst recession since the Great Depression – IMF

Partial recovery in 2021 only if pandemic fades this year A chilling analysis of economic prospects was made public by the International Monetary Fund on Thursday afternoon, suggesting that the…

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07

Apr

€8 billion in EU finance for 100,000 SMEs

The European Commission has unlocked €1 billion from the European Fund for Strategic Investments (EFSI) that will serve as a guarantee to the European Investment Fund (EIF), part of the…

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17

Mar

EU Governments in unprecedented bold moves to help businesses

Following the European Commission’s green light to EU Member States allowing for fiscal rules to be flexed to accommodate additional spending in light of the economic disruption caused by the…

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09

Dec

Greeks set to face heavy fines if they don’t spend 30 per cent of their income electronically

Greeks will be hit with a hefty fine if they do not spend almost a third of their income electronically in an unprecedented bid by the new government to stamp…

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09

Nov

Moody’s downgrades UK’s credit outlook

Leading ratings agency Moody's has signalled it is poised to downgrade the credit rating on Britain's government debt, warning that Brexit has triggered an "erosion in institutional strength" that threatens…

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09

Nov

Jail terms for 13 bankers over Monte Paschi scandal

Thirteen former bankers from Monte dei Paschi di Siena, Nomura and Deutsche Bank were sentenced to jail on Friday after a case that shook Italy’s establishment and fomented the rise…

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08

Nov

Billionaires’ wealth falls for the first time in a decade

The world’s richest people became a little less well off last year, according to a report by UBS and PwC, as geopolitical turmoil and volatile equity markets reduced the wealth…

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08

Nov

Bank of England split on rates as it warns Brexit deal would hit growth

The Bank of England has warned that weak global growth and trade barriers created by the government's Brexit deal will hit the UK economy. It came as two Bank policymakers…

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07

Nov

Banks, funds propose shorter trading day in Europe

Banks and fund managers want the European stock trading day shortened by 90 minutes in a radical move they say would improve market efficiency and staff wellbeing – but exchanges…

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24

Jun

Malta registers €48.9 million surplus compared to €296.3 million surplus in the comparable quarter of 2018

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 compared to a surplus of €296.3 million in…

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18

Jun

Facebook sets eyes to become world’s leading ecommerce platform as it launches its cryptocurrency on Tuesday

Wall Street analysts are eagerly anticipating Facebook’s possible unveil of its long-awaited cryptocurrency payments plan on Tuesday. According to various reports the company is preparing to finally reveal what it…

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11

Jun

UK economy shrinks by 0.4%

The UK economy shrank 0.4 per cent in April as Brexit paralysis took hold following the proposed deadline for departure from the EU. The latest monthly fall was four times larger than…

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13

Mar

Pound edges up after May’s Brexit defeat

  The pound edged up on Wednesday following the defeat of British Prime Minister Theresa May's European Union exit deal, but investors braced for more volatility ahead of additional Brexit…

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07

Mar

Financial crisis for Libya’s parallel government in the east

  Reuters reported that the Libyan government based in the east has sold bonds worth more than $23 billion (around 32 billion Libyan dinars) to fund its wage bill, bypassing…

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04

Mar

Cayman Islands property boom threatened by British anti-money laundering rules

The Financial Times takes a look at the current property boom in the Cayman Islands and how anti-money laundering laws in the UK are now a threat. Estate agents in…

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18

Sep

Di Maio denies he’s seeking resignation of Economy Minister, warns that he has to find the resources to increase welfare spending

Italian Deputy Prime Minister Luigi Di Maio on Tuesday denied a media report saying that he had called for Economy Minister Giovanni Tria to resign, though he said the minister…

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29

Jul

US$ 1.5 billion spent by foreigners during WorldCup

The Moscow Times: Visa has named fans from the United States and China — both of which failed to qualify for the tournament — as the biggest card spenders during the…

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28

Jun

EU Summit Agenda- Economy and Finance

EU leaders are expected to adopt conclusions on several issues recently debated under the Leaders' Agenda, such as digital taxation, tax avoidance and evasion. Trade will be discussed in light of…

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08

May

Political impasse in Italy sends Government Bond yields rising

Following the unsuccessful final round of coalition talks, Italian president Mattarella declared that the process to form a government had failed. Mattarella’s preferred option remains to install a fixed-mandate technical…

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