New claims for US unemployment benefits fell again recently, continuing a downward trend that has renewed hopes the troubled labour market is on the mend. New jobless claims fell to 382,000 in the week ending March 19, the Labour Department said. That...
The gap in gross pay between men and women in Germany stood at 23 per cent last year, unchanged from 2009, official data showed last Thursday, the eve of ‘wage equality day’ in Europe’s biggest economy. Around two-thirds of the difference was because...
The Sun Odyssey 409 was recently voted European Yacht of the Year 2011 in Dusseldorf, Germany. Selected by a jury of top magazines in the marine industry, the trophy is a handsome reward for the new Jeanneau model. The European Yacht of the Year award...
Handing down a family business to the next generation is a delicate matter, says Angelo Xuereb.
The US economy grew at a 3.1% annual rate in the fourth quarter of 2010, led by a jump in consumer spending that many analysts doubt will reoccur in the current quarter due to surging oil prices. The revised increase in GDP compares with a prior...
Equity markets, both locally and abroad, seemed to stabilise last week, with most markets in major economies actually improving encouragingly following the previous week’s slump. However, whereas leading global indices gained between two and four per...
Alberta Fire Safety and Security Ltd, a member of the Alberta Group, has been awarded the ISO 14001:2004 global certification for Environmental Management System (EMS) by Bureau Veritas. The company achieved this certification by implementing various...
Bank of Valletta has launched a set of three limited edition Uefa Champions League Master Card prepaid cards, each having a denomination of €150. The new cards feature three exclusive designs and can be purchased individually or as a limited edition...
Sliema’s The Palace, the boutique hotel, has appointed new marketing executive Philippa Cassar Montanaro. She will be responsible for handling enquiries and the planning and execution of campaigns besides media relations for the hotel. Ms Cassar...
Chief executives, general managers and executives gathered recently for the launch of Vodafone’s 2011 series of networking events at The Chophouse, TignéPoint. Such events are aimed at creating networking opportunities for local business leaders.
Maltapost plc chief executive Joseph Gafà has been re-elected to the board of Post Europ in Liechtenstein and will serve another term until 2013. Mr Gafà has been on the board since 2003. Post Europ represents 49 European public postal operators and is...
Advertising and PR agency Strategic Communications of Gudja has introduced the use of ‘Quick Reaction’ codes to clients’ advertising campaigns. QR codes consist of modules arranged in a square pattern on a white background, which can be read by any...
CSB Group participated in the 2011 Eures Jobs and Training Fair at Valletta’s Mediterranean Conference Centre over the past two days. The fair was organised by the Employment and Training Corporation and Eures Malta. CSB Recruitment was represented by...
Web and software solutions company Alert Communications has become an official Microsoft partner specialised in web application development, in recognition of its expertise and experience in the field. Microsoft had recognised Alert’s commitment to...
Betfair, the world’s largest betting community and one of the most established operating in Malta, has been recognised for the Largest Breakthrough Project at the iSix Sigma’s Summit and Awards in Miami. Three Betfair projects were nominated in two...
Maltese franchise Urban Jungle has opened its 12th store in Italy at Rome’s Centro Commerciale Tiburtino, in the northeast of the capital. The mall incorporates 120 shops with established fashion brands already in operation such as H&M, Alcott,...
Malta Enterprise is planning a business delegation to Germany, one of the island’s major trading partners, towards the end of May. The trade mission is expected to visit Dusseldorf and Munich. Germany is the market to which Malta exports most goods.
Telecoms group Go has landed the prestigious World Finance Corporate Governance Award for Malta 2011. Go was identified by World Finance as the Maltese company to have achieved high levels of excellence in corporate governance exceeding formal...
Banif Bank is to roll out ATMs in five of its branches in a two-phase, 12-month project, chief operating officer Nuno Martins told The Sunday Times. The latest-generation machines will be installed in branch lobbies and will be initially available for...
TripAdvisor said that hackers had stolen a portion of the online travel site’s e-mail list and warned members of the possibility of receiving junk mail messages. “This past weekend we discovered that an unauthorized third party had stolen part of...
A Thailand trip normally means cold cocktails on the beach and spicy pad thai noodles, but for growing numbers of “detox” tourists, the menu calls for clay shakes and shots of wheatgrass. At a “wellness centre” on Koh Phangan island in the Gulf of...
Spain and Portugal are close economic partners and investors have doubts about the solvency of both countries as they try to stabilise their strained public finances. But analysts say Madrid should escape any domino effect if its neighbour is forced to...
Japan’s massive earthquake and tsunami have impacted the country’s auto giants – but not to the point that would justify credit rating downgrades, Standard & Poor’s said yesterday. The twin calamities of March 11 “are causing additional challenges for...
High oil prices, Middle East unrest and the Japanese earthquake and nuclear crisis have weakened German business confidence for the first time since May, the Ifo institute and analysts said yesterday. Ifo’s closely-watch indicator of business...
Overview
European stock markets closed firmer yesterday on strong US growth figures after a testing week dominated by Middle East unrest, Portugal’s debt crisis and Japanese efforts to recover from its devastating earthquake. Dealers said sentiment overall...
The Malta Stock Exchange index remained in negative territory as it closed lower for the eight week in a row. In fact, the local index shed 0.48 per cent on the week as it closed yesterday’s session at 3,478.545 points. On the week, total turnover...
Moody’s has downgraded the rating of 30 Spanish banks. The announcement comes after Portugal’s Parliament rejected its government’s austerity measures, which prompted the resignation of the Prime Minister. In the UK, sterling gave up some of its recent...
German Chancellor Angela Merkel expressed her regret yesterday that Portugal’s Parliament had rejected Prime Minister Josè Socrates’s “courageous” austerity programme, prompting his resignation. “In order to deal with the challenges we face, what is...
Last week, when writing about Japan’s tragedy and the damage to its nuclear energy plants, I made reference to the safety of this alternative source of energy. I also mentioned that, given the reaction of several deve-loped countries to this incident...
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