Amazon’s Jeff Bezos endorses higher corporate tax to help fund infrastructure
Japanese clothing group’s forecast 2020-21 operating profit up 70% to €1.9bn
Eurozone’s business activity, underpinned by a record expansion in the manufacturing sector and an improvement in services signalling a marginal rate of contraction, returned to growth, after four months revolving within a contractionary territory. In...
G20 finance ministers agree to work on “globally fair, sustainable tax system”
General mood of optimism that world economy on course for strong recovery
The annual financial reporting season continued last week with the main highlight being the publication of the 2020 financial statements of Malta’s largest bank, Bank of Valletta plc. Those Maltese companies having a December financial year-end have...
The Dina Trader from Marseille to Gebze, the Contship Cub from Tripoli to Izmir, the CMA CGM Fort St Georges from Algiers to Mersin (all CMA CGM Malta Agency Ltd), the Luebeck from Bar to Gioia Tauro, the MSC Adriana from Alexandria to Gioia Tauro...
Russian government caps food prices to rein in soaring inflation
Q1 sales in Germany down 6.5% on same period in 2020, and 25% lower than 2019
Move aimed at speeding up decision-making at Japanese state-owned firm
US business group calls for the breakup of the online commerce titan
Samsung expected to reclaim no 1 place in global smartphone market
Company says mobile modernisation project will be a 'quantum leap' forward
The COVID-19 pandemic has created a profound shift in how people interact and world economies function. To this extent, while selective sectors were facing an unprecedented scenario with a notable liquidity squeeze, technology oriented businesses have...
Concerns that recovery will fan inflation and lift interest rates have eased
In July 2020, a project titled ‘Reducing the Consumption and Disposal of Single-Use Plastics in the Tourism Industry in Cyprus, Greece and Malta’, also known as SUPMed, was launched. The project, which runs until June 2023, has a total budget of...
Joblessness remains 8.3% in Feb, youth unemployment edges down to 17.3%
Three-day concession auction draws international attention
MOU signed to provide integrated support for start-ups
Japanese investment giant has spent heavily on hot tech start-ups
Apple could build autonomous-driving technology platform used by car makers
Top executives quit bank after its Archegos Capital Management disaster
Last week’s better than expected US jobs report continued to fuel further optimism in the US economic recovery, driving both equity markets and bond yields higher. With the Fed equally focused on its dual mandate, the higher jobs numbers once again put...
Shortage will impact the island's water-intensive microchip manufacturing sector
Italy set to host G20 finance ministers virtual meeting Wednesday
The EU approved a plan Tuesday by the French government to inject up to four billion euros into Air France, hit by a collapse in passenger traffic during the pandemic. The agreement, worth $4.7 billion, follows weeks of negotiations with the EU...
More gains for equities expected as world economy reopens
A crowdfunding campaign has been launched on ZAAR to support the first immici microfarm, which will produce foods that are fully sustainable, without the use of artificial chemicals. Immici uses aquaponics and multitrophic culture, including...
ECB monetary operations On March 29, the European Central Bank announced the seven-day main refinancing operations (MRO). The operation was conducted on March 30 and attracted bids from euro area eligible counterparties of €461 million, €190 million...
The vast majority of markets are closed today, being Easter Monday. It is anticipated to be a relatively quiet, shortened week, with the main focus being on the IMF and World Bank spring meetings, which will be taking place virtually over the week...
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