Unemployment hits new high of 11.9% in January, masking EU divide
As the feel good factor reigned for the third consecutive week, the Malta Stock Exchange (MSE) Index managed to lock a notable 1.1 per cent gain to close the week at 3,303.475 points. Highly capitalised equities emerged as the main determinants towards...
European shares edged lower yesterday, dragged down by weaker bank and mining stocks, and traders expected equities to stay in a tight range this month with uncertainty in the wake of Italy’s inconclusive elections denting sentiment. The pan-European...
Overview
The EU published its economic forecasts for each of the 27 member states for winter 2012-2013. The main message for the whole of the EU economy is that it is slowly coming out of a period of contraction. The report notes an increased level of...
Bankers in Europe face a cap on bonuses as early as next year, following agreement in Brussels yesterday to introduce what would be the world’s strictest pay curbs, in a move that politicians hope will address public anger at financial sector...
European shares rose again yesterday, buoyed by fresh signs of central bank support and upbeat corporate results which helped indices pursue their recovery of losses inflicted by Italy’s inconclusive elections. The FTSEurofirst 300 closed the last...
Further demand for local equities emerged during this morning’s session helping the MSE Share Index surpass the 3,300 points-level for the first time since July 2011. The local equity benchmark edged 0.6 per cent higher for the second consecutive...
Most economists would agree that the frustratingly slow economic turnaround in Europe is attributable largely to the inability of businesses – especially small ones – to secure bank loans for expansion. Banks argue that after burning their fingers in...
They find the language difficult and the locals as chilly as the weather but for young Spaniards Berlin has become a popular spot to sit out the economic crisis at home. The German capital’s celebrated cabaret scene made it a mecca for bohemians in...
The strategy of ‘averaging down’ involves investing additional sums of money into a financial instrument if the price declines significantly from the initial entry point. The rationale is to bring down the average acquisition cost per share closer...
MEP Edward Scicluna has said that a Labour government would change the welfare system to encourage people to enter the labour market. Interviewed by The Times Business, the Labour candidate, who is expected to be given a senior economic Cabinet post if...
Over the last 18 months Go has completely replaced its GSM (2G) and 3G mobile network to increase coverage and provide better communication quality and internet speeds, which now can reach 42Mbps,while using a more environment-friendly...
The words ‘trust’ and ‘business’ written within such proximity may raise some eyebrows. However trust is a fundamental basis for both cooperation and competitive advantage in family businesses. Trust entails the acceptance of one’s vulnerability based...
The new Apple iMac is now available in Malta from the iCentre, Apple’s authorised service provider in Malta, at its outlets in Pietà, Sliema and Birkirkara. The new iMac is distinctively different from the old model with a new design, new display with...
MEP Edward Scicluna, who is expected to be given a senior economic Cabinet post should the Labour Party win the election, is interviewed by Anthony Manduca. The Labour Party’s electoral campaign has largely focused on non-economic issues, such as...
European shares found firmer footing yesterday, having tumbled lower in the previous session after the inconclusive Italian election, as investors used the opportunity to buy back in on beaten down assets. The FTSEurofirst 300 closed up 10.33 points,...
Eurozone loans to the private sector contracted for a ninth month running in January, as the recession hits investment and spending and confounds the European Central Bank’s efforts to revitalise lending. The ECB has cut interest rates to a record low...
Economic and business confidence in the eurzone improved for the fourth straight month in February, the European Commission said yesterday, as factories saw their order books filling up. Economic sentiment in the eurozone rose by a better-than-expected...
Claude Elwood Shannon, an American mathematical engineer, is considered as ‘Father of the Information Age’. While studying the Boolean language, he discovered that electrical circuits can be constructed to transmit information without any loss in...
These vessels are expected in Malta: the Nicola from Marseille to Bejaia, the CMA CGM Laperouse from Le Havre to Khor Fakkan, the CMA CGM Rigoletto from Tanger Med to Port Said, the Volos from Durres to Taranto, the Soul of Luch (ex-Hansa Catalina) to...
Britain’s economy contracted by 0.3 per cent in the last quarter of 2012 as first thought, keeping alive the danger of a third recession since 2008, although yearly growth was revised up, data showed yesterday. The weak economy and its detrimental...
The business community is no doubt as weary of the electoral campaign as the rest of Malta, but it is still following with interest the unfolding drama with an eye on the future. I would say that the interest is not partisan. Like the rest of Malta,...
Carlos Brito, chief executive of Anheuser-Busch InBev, drinks soda during a news conference on the company’s 2012 results in Leuven, Belgium, yesterday. Anheuser-Busch InBev, the world’s biggest beer maker, forecast a weak start to the year in the...
The Japanese yen has been on a downward trend since mid-November 2012, losing ground against all major world currencies. Since then, it is down 22 per cent against the euro and 18 per cent versus the US dollar. One of the main drivers behind this...
Amid the horsemeat scandal that recently rocked several EU member states resulting in meat products being taken off the shelves, causing multi-million losses to businesses, the European Commission announced a comprehensive package to improve consumer...
Microsoft Malta has inaugurated its Microsoft Innovation Centre. Located at Skyparks in Luqa, the MIC, of which Microsoft only has around 110 in around 40 countries round the world, will be providing access to world-class resources for software...
The euro continued where it left off at the back end of last week, and sold off aggressively hitting a seven-week low against the dollar on Tuesday. The single currency was mounting a strong comeback to start the week off on Monday, and was on its way...
The National Commission for the Promotion of Equality has awarded Simonds Farsons Cisk and Food Chain Holdings, operators of franchises Burger King, KFC and Pizza Hut, the Equality Mark certification. This certification is based on evidence of a true...
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