Commerce
Emerging market economies in 2017
To think that emerging markets would have had the run they did in 2016, following the dismal start to the year, and come out of it more than unscathed, is no mean feat. Let's face it. 2016 was a challenging year for emerging markets, and it could have...
Fiat Chrysler ups the ante as automakers respond to Trump
Fiat Chrysler Automobiles said it would invest $1 billion to modernise two plants in the US Midwest and create 2,000 jobs, upping the ante as automakers respond to threats from President-elect Donald Trump to slap new taxes on imported vehicles. FCA’s...
Mercedes-Benz to overtake BMW as largest premium carmaker
Mercedes-Benz is expected to reach its goal of becoming the largest premium carmaker four years early. Introducing an elegant, sporty design and establishing itself as a pioneer in new technologies like autonomous driving has helped revive the Mercedes...
US employment growth seen strong in December, wages up
US employers maintained a solid pace of hiring in December while raising wages, putting the economy on a path to stronger growth and further interest rate increases from the Federal Reserve this year. Nonfarm payrolls increased by an estimated 178,000...
FBI arrests Volkswagen exec on fraud charges – NYT
The Federal Bureau of Investigation has arrested a Volkswagen AG executive on charges of conspiracy to defraud the United States, the New York Times reported yesterday. Oliver Schmidt, who headed the company’s regulatory compliance office in the US...
French central bank reaffirms Q4 GDP up 0.4%
France’s economy would expand by 0.4 per cent in the fourth quarter, the Bank of France said yesterday, reaffirming an earlier GDP growth forecast made last month. The Bank of France added that the business sentiment indicator for the manufacturing...
Iran capitalises on Opec oil cut to sell millions of barrels – sources
Iran has sold more than 13 million barrels of oil that it had long held on tankers at sea, capitalising on an Opec output cut deal from which it is exempted to regain market share and court new buyers, according to industry sources and data. In the...
EY’s Entrepreneur of the Year Malta judges announced
For the last three decades, EY’s Entrepreneur of the Year has gone from strength to strength and is now held in over 60 countries. With the event now coming to Malta, local entrepreneurs and businesses will have a unique chance to compete to represent...
Oil slumps on supply worry while sterling hurt by May remarks
Oil prices fell yesterday on signs that growing US output could undermine plans by other producers to cut supply, while sterling slumped following comments by British Prime Minister Theresa May alluding to an aggressive exit from the European...
Rizzo Farrugia MGS Index drops to a 14-month low
The indicative opening Malta Government Stock prices quoted by the Central Bank of Malta extended their recent sharp downward trend today. The Rizzo Farrugia MGS Index moved lower for the sixth consecutive day and slipped by a further 0.35% to a...
Nissan halts joint development of luxury cars with Daimler – sources
Nissan is halting joint development of luxury cars with Daimler’s Mercedes-Benz, sources close to the companies told Reuters, suspending a key project in their seven-year partnership and potentially hitting profitability at a new shared factory in...
Prices rise and businesses grow, but ECB probably not for turning
A sharp rebound in eurozone inflation and a better-than-expected business outlook are certain to fire up demands from some hardliners for the European Central Bank to choke off its ultra-generous monetary policy. But don’t bet on the bank doing it just...
Economy in China to pick up into new year but risks abound
A raft of data from China in coming weeks is expected to show the world’s second-largest economy carried solid momentum into 2017, thanks to heavy government stimulus and a construction boom that breathed new life into its ailing smokestack...
Eurozone inflation highest since 2013
Data published by European statistics office Eurostat showed that eurozone inflation rose at the fastest annual rate in more than three years during December due to a rise in energy and food prices. Inflation rose to 1.1 per cent in December, the...
Conference addresses recent developments in company law
Almost 200 lawyers and other professionals working in the commercial law field attended the latest Annual Company Law Conference, which once again proved to be a significant success. This annual event is organised by the Department of Commercial Law...
Sony: we have improved our fortunes with precious items
Sony has improved its fortunes in recent times after it previously “forgot” about the emotion needed to create desirable products, chief executive Kazuo Hirai has said. The Japanese technology giant has just revealed its first Bravia OLED TV at the CES...
Jeanneau and Prestige yachts at London and Dusseldorf boat shows
With the London and Dussledorf boat shows taking place this month, Jeanneau sailing yachts and Prestige motor yachts will be present with a line-up of yachts at both shows. The Prestige stand will be larger than that of most of the British brands, with...
Emirates rounds off year of growth with fleet and product milestones
Emirates rounded off another year of growth in 2016, underlined by fleet and network expansion, as well as customer-focused product investments. Commenting on 2016, Sir Tim Clark, president Emirates Airline, said: “Consumer appetite for travel has...
Banif’s battery banks energise the environment
As part of its Earth Month initiative last year, Banif Bank distributed battery banks to all its branches, through which an impressive amount of batteries were collected for recycling. Through this initiative, Banif implemented a permanent...
Master’s in Environmental Management
Jasmine Camilleri was recently awarded a Master’s in Environmental Management at the University of Derby and graduated with distinction. The Master’s programme was read on the course of three years, consisting of a number of core modules (environmental...
Client services director in Malta
Salim Peer, client services director at Castille Mauritius, was recently in Malta for a training programme, reflecting the continuous quality processes at Castille. Training in Malta revolved around Castille’s recruitment operations and procedures and...