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  • Swedbank chairman quits over money-laundering scandal

    Swedbank chairman quits over money-laundering scandal

    The chairman of Swedbank, the Swedish lender accused of money-laundering in Baltic countries, stepped down on Friday, the bank said a week after the board sacked its chief executive. "Lars Idermark has, with immediate effect, decided to leave the...

  • France sticks to digital tax despite US anger

    France sticks to digital tax despite US anger

    Finance Minister Bruno Le Maire said on Friday that France would stick to plans for a tax on digital giants such as Facebook and Apple, despite displeasure in Washington. "We are determined to implement a tax on the largest digital companies to...

  • Alarm bells ringing again

    Alarm bells ringing again

    The last global economic slowdown seems like only yesterday, mainly because the recovery there was after it was quite fragile and some countries benefitted from it to a minor extent. So when Christine Lagarde, the managing director of the...

  • Head of sales and marketing appointed

    Head of sales and marketing appointed

    Susan Weenink Camilleri has been appointed head of sales and marketing of Farsons with a focus to further develop synergies between sales and marketing. She will be reporting to the Farsons group chief executive, Norman Aquilina. “In her new...

  • Creating client impact

    KPMG has been recognised as a leader among global providers for corporate services consulting according to a new ALM Intelligence report. ALM’s Vanguard report evaluates firms based on their capabilities to enable digital transformation, build...

  • Container lines power through headwinds

    Container lines power through headwinds

    The United Conference on Trade and Development (UNCTAD), in its recently published Review of Maritime Transport 2018, announced that seaborne trade expanded by a healthy four per cent in 2017, the fastest growth in five years. The projections on...

  • Markets mixed as investors eye US-China trade hopes

    Asian and European stock markets diverged yesterday as growing expectations that China and the United States will reach a trade agreement were offset by profit-taking, dealers said. Hopes Britain will avert crashing out of the EU next week also...

  • ECB 'concerned' at impact of negative rates on banks

    ECB 'concerned' at impact of negative rates on banks

    European Central Bank policymakers worry that long-term low interest rates are harming eurozone lenders, minutes of a March meeting released Thursday showed, stoking speculation some relief could be on the way for the financial sector. "Concerns...

  • German industry urges Berlin to scale back climate goals

    German industry urges Berlin to scale back climate goals

    Germany's powerful BDI industry federation Thursday urged Berlin to trim its ambitions for cutting greenhouse gas emissions, saying the goal of close to zero by 2050 is unrealistic. "We can't reach highly ambitious climate protection targets by...

  • Gambling firm fined twice in six months

    Gambling firm fined twice in six months

    A Malta-based online casino was slapped with a second fine in the space ofsix months, this time by the Dutch gambling regulator, the Times of Malta is informed. Casumo, which came to Malta in 2013 and has its offices in Swieqi, was fined €310,000...

  • Upcoming rate cut for India?

    Upcoming rate cut for India?

    The Reserve Bank of India's (RBI) Monetary Policy Committee conducts its bi-monthly policy review next week. The majority of analysts are forecasting a 25 basis point cut in the second quarter of 2019, suggesting the central bank could cut rates...

  • Drop in ‘big’ business largest in the EU

    Drop in ‘big’ business largest in the EU

    The number of companies with more than 10 employees that recruited more workers dropped by 18% in 2017, the largest decrease within the EU, official data revealed. Jobsplus head Clyde Caruana pointed out when contacted about the Eurostat data that...

  • Annual consumer law conference programme announced

    Human rights, the Payment Accounts Directive, the European Electronic Communications Code and smart contracts will be among the main topics at the forthcoming Annual Consumer Law Conference being hosted by the Malta Chamber of Advocates, through...

  • Shipping movements - April 4, 2019

    The following ships are expected in Malta: The Atlantic Silver from Benghazi to Izmir, the Contship Max from Trapani to Catania, the Oued Ziz from Skikda to Skikda, the Marina from Al Khums to Sousse, the CMA CGM Herodote from Dekhelia to Algiers,...

  • Support for the community

    A number of employees from the Gasan Group recently participated in one of the many yearly traditional CSR events that the group organises. This annual event is specifically geared towards helping institutions or individuals in the community that...

  • Pound rises versus dollar on May’s gamble

    The British pound rose against the dollar yesterday after Prime Minister Theresa May offered cross-party talks with the leader of the opposition Labour Party in a political gamble aimed at resolving the Brexit impasse. Sterling won a boost after...

  • Strong equity market activity in Q1 - Edward Rizzo

    The first quarter of the year came to an end last Friday and it is very positive to note that a total of €28.8 million worth of trades were transacted across the equity market during the first three months of 2019, representing an increase of 23.5...

  • Large caps lift the MSE Equity Price Index higher

    Large caps lift the MSE Equity Price Index higher

    The MSE Equity Price Index added 0.19% to 4,719.030 points, reflecting the gains in the share prices of IHI, HSBC and GO which, in aggregate, outweighed the declines in four other shares. Trading volumes improved to €0.72 million largely on the...

  • IMF: all-out US-China trade war could lift Canada and Mexico

    IMF: all-out US-China trade war could lift Canada and Mexico

    An all-out trade war would severely damage the US and Chinese economies but could also be a boon to countries like Canada and Mexico, the International Monetary Fund said Wednesday. The world's top two economies themselves would be the biggest...

  • Corinthia invests in Global Hotel Alliance

    Corinthia invests in Global Hotel Alliance

    Corinthia Hotels is making a strategic investment in Global Hotel Alliance (GHA), following similar investments made by Minor Hotel Group and Pan Pacific Hotels Group in November 2018. In a statement on Wednesday, GHA said five independent hotel...