A briefing session was held at the Ministry for Transport and Infrastructure, where the executive board of the Malta Shortsea Promotion Centre (MSPC) met Transport Minister Joe Mizzi and James Piscopo, chairman and CEO of Transport Malta. MSPC chairman...
Q: While on holiday, we paid for a particular excursion we couldn’t go on due to the traffic we found on the way. The travel agency accepted to give us a refund in the form of a credit note which we can use when we purchase another holiday from the...
The London International Youth Science Forum (LIYSF) 2015 was attended by two young science students from St Aloysius College sixth form – Edward Thake and Seren Cakar, who were among 487 other students from 64 countries. They had placed first in the...
• Sea passengers whose trip has been delayed for more than 90 minutes are entitled to free refreshments in reasonable relation to the amount of time they are left waiting to board the ship. • Sea passengers are entitled to up to three free nights of...
Greece is under growing pressure to take care of banks’ problem loans so they are free to lend again, but the depth and complexity of its crisis will make it tough to replicate the comprehensive “bad bank” models set up in Ireland and Spain. Deciding...
The Malta Stock Exchange index fully recovered from last week’s 0.26 per cent loss as it closed the week 0.31 per cent higher at 4,211.923 points. Out of the 15 active equities, nine recorded an increase, five lost in value while one closed...
Thousands of Britons failed to receive their wages yesterday when a problem at Europe’s biggest bank HSBC prevented some of its business customers from making payments. The glitch affected payments made by customers through Britain’s BACS system, which...
A volatile ride for global markets this week looked set to end with a whimper yesterday as lingering worries over Chinese economic growth and the Federal Reserve’s plans to raise interest rates weighed on stocks, but oil rebounded sharply. US crude...
Switzerland’s economy unexpectedly grew in the second quarter, skirting a recession as the country’s exporters weathered pressure from a strong franc better than some had expected. The economy grew by 0.2 per cent from the previous quarter, the State...
Google Inc. has rejected EU anti-trust charges that it abused its market power, exposing the company to the risk of a hefty fine if it does not alter its business practices. The company’s comments came after the European Commission in April accused it...
The dots in the title of this week’s contribution stand for the word “stupid”. In fact the title is borrowed from the now (in)famous saying “It’s the economy, stupid”, which in itself is a slight variation of the phrase “the economy, stupid” used in...
China’s yuan closed firmer against the dollar yesterday as traders cited large transactions by state-owned banks possibly on behalf of the central bank, which supported the Chinese currency in both spot and derivative markets. “Major state banks did...
Ukraine’s finance minister said a “win-win” deal for restructuring $18 billion of debt had been agreed with a group of its largest creditors. The minister, Natalia Yaresko, said late on Wednesday in comments embargoed until yesterday that the deal...
Lending to eurozone households and firms accelerated slightly in July, European Central Bank data showed yesterday, in a sign that the bank’s aggressive asset-purchase programme is bringing some results. Lending growth to households picked up to 1.9...
British house prices rose this month at the slowest annual pace in more than two years, according to mortgage lender Nationwide, although it warned theslowdown might not persist unless house-building picks up significantly. House prices rose 3.2 per...
Stock markets around the world rallied yesterday and crude oil rebounded sharply after strong US economic data and hints from a US Federal Reserve policymaker that a September interest rate hike was unlikely. All three major US indexes rose more than...
Emirates SkyCargo to establish second trade lane with Iran
Trading activity across the local equity market dwindled during this morning’s session of the stock exchange as only €91,150 worth of equities changed hands today with the MSE Share Index closing relatively unchanged at 4,200.929 points. The equity of...
When it comes down to the technicalities as long as you have a guardian’s consent or are of legal age, you are eligible to buy and trade stocks and shares at a stock exchange of your choosing. Now granted not everyone would be interested in doing so; I...
GO’s shareholding in Forthnet is currently valued at approximately €14 million, according to the current share price of Forthnet on the Athens Stock Exchange – a far cry from the estimated €125 million it invested in the Greek telecoms company in past...
The number of petrol stations that accept card payments is expected to grow considerably once their owners start to install new equipment as part of major upgrades that have to be concluded by 2019. So far only around one in six of the petrol stations...
Online gambling company Betfair and Irish rival Paddy Power said yesterday they had reached an agreement in principle on a £5 billion merger, marking the latest in a string of deals in the sector. The two firms said discussions were ongoing regarding...
A report due to be completed shortly will point out the structural risks and weakness in Malta’s attempts to prevent money laundering. The so-called National Risk Assessment is an exercise that is aimed at assessing the money laundering risks prevalent...
The IT sector in Malta is flourishing, with revenues of €694 million in 2014, an increase of 10.2 per cent over the previous year. Over the past decade, its share of Malta’s gross value added has more than quadrupled, from 2.18 per cent to 10.09 per cent.
Fimbank posted an interim after-tax loss of $8.64 million, compared with a profit of $1.45 million registered in the same period in 2014, after an unprecedented clean-up of legacy cases and run-offs, which saw net impairment losses reach $8.56 million.
When general secretary Tony Zarb retires in a few weeks’ time, he will have been the longest-serving in the General Workers’ Union’s 72-year history. Vanessa Macdonald asked about some of the controversial episodes of his 16 years. Is it just my...
November 3 will be a big day for Chris Bartolo. It will be one of those moments that could so easily turn into a life-defining moment – and yet, the ways things have gone in the past four years, it seems certain that there will be many other such...
Finance Minister Edward Scicluna had much to smile about at the press conference called last week to present the pre-Budget document. The 86-page document, entitled Delivering Our Vision, was studded with charts showing positive trends, with...
Maltese civil law traditionally distinguishes between agreements or acts that need to be done (a) by means of a public deed before a notary public (e.g. transfers of immovable property), (b) by means of a ‘private writing’ (skrittura privata), (c) by...
Oil stabilised yesterday after China’s central bank moved to support the country’s economy, but prices stayed near six-and-a-half-year lows as a heavy supply glut kept the market outlook bearish. “Oil is catching its breath a bit and seeing if markets...
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