New president for the Malta Institute of Accountants

The Council of the Malta Institute of Accountants appointed Fabio Axisa as its new President for the term July 2019 – June 2020. The election … Read more

Apple co-founder Steve Wozniak launches blockchain company in Malta

A new company based on blockchain and focussing on energy efficiency, EFFORCE, will be based in Malta with Apple co-founder Steve Wozniak investing in and … Read more

Australian Federal Government inks major cloud deal with Microsoft

The Australian Government is accelerating its bid to transform into one of the world’s top three digital governments by 2025, signing a three-year agreement with … Read more

Midday Dispatch – Financial and Corporate News

Microsoft beat analysts’ revenue projections by nearly $1 billion when it announced earnings for the fourth quarter of its 2019 fiscal year, as its cloud … Read more

Industry’s banking concerns discussed in meeting between PM and GRTU

The Malta Chamber of SME’s (GRTU) stated that there is an unprecedented situation happening with regards to businesses and banking: clients find it difficult to … Read more

“The Happiest Place on Earth” is a façade about to crack from the pressure of making ends meet – Disney Heiress

Disneyland calls itself “The Happiest Place on Earth,” but family heiress Abigail Disney said she found workers struggling when she recently visited the park undercover.… Read more

Boeing takes $5bn hit over grounding of 737 Max

Boeing is taking a $4.9bn hit to cover costs related to the worldwide grounding of its 737 Max aircraft.

The charge is set to wipe … Read more

Polish flight centre to train future Ryanair pilots

Pilots of Ryanair will be trained at the Bartolini Air flight training centre near Łódź  in central Poland.

The centre near Łódź will train 320 … Read more

Corporate Dispatch – Corporate and Financial News

 

Britain might be entering a full-blown recession and a no-deal Brexit could more than double the country’s budget deficit next year, the watchdog for … Read more

How Samsung is Bringing Meaning to Children in a Crime-Ridden Brazilian District

On the outskirts of the southeastern Brazilian city of Campinas sits the crime-afflicted township of Itatinga, where many children grow up without access to proper … Read more

PayPal launches international money transfer service Xoom across Europe

U.S. payments company PayPal is expanding further in Europe by launching its international money transfers service Xoom in 32 countries across the continent.

Xoom allows … Read more

Midday Dispatch – Corporate and Financial News

The EU’s powerful antitrust authority launched an in-depth investigation into Amazon on Wednesday, amid suspicions the US-based online behemoth misuses merchant data hosted on its … Read more

Microsoft Malta Supports MITA’s Student Placement Scheme

 

Microsoft Malta today pledged its support to this year’s MITA’s Student Placement Scheme launched at Esplora in Bighi with a special induction day during … Read more

Plans to increase the number of British female entrepreneurs have taken a leap forward

Plans to increase the number of British female entrepreneurs by half have taken a leap forward, with major banks and venture capital firms signalling their … Read more

Libyan oil revenue drops to 11.2%

Libya’s oil revenue dropped 11.2% to 14.3 billion dinars ($10,2 billion) in the first six months of 2019, compared with the same period last year, … Read more

Marriott Hotels joins the movement against straws

Not all single-use plastic use is equally problematic. When a ferry company banned plastic straws, there was a particularly obvious reason to celebrate—because straws on … Read more

Ryanair announces scaling-down of some its services and stop flying to certain airports due to Boeing 737 MAX crisis

Ryanair says delays to deliveries of the crisis-hit Boeing 737 MAX means it must scale back some of its services.

The airline said it was … Read more

Midday Dispatch – Corporate and Financial News

 

Ryanair says delays to deliveries of the crisis-hit Boeing 737 MAX means it must scale back some of its services. CD

A total of … Read more

Acting IMF chief backs monetary easing by central banks in view of slow growth and global risks

David Lipton, the acting IMF chief, has backed new monetary stimulus by the world’s top central banks to sustain the flagging global economy — in … Read more

Huawei announce investment of $3.1 billion in Italy

Huawei Technologies announced it would invest $3.1 billion in Italy over the next three years, as the Chinese telecoms giant called on Rome to ensure … Read more

Midday Dispatch – Corporate and Financial News

Inbound tourist trips in Malta, for the first five months of 2019 amounted to 929,979, an increase of 2.8 per cent over the same period Read more

Zurich Airport’s hub status is “at risk”

Zurich Airport risks losing its hub status if flight time restrictions are rolled out, warns the CEO of Lufthansa, the German parent company of Swiss … Read more

Campbell Soup to Sell Danish Snacks Manufacturer Kelsen To Ferrero

Campbell Soup has announced it will sell its Danish baked snacks manufacturer Kelsen Group to CTH Invest, a Belgian holding company affiliated with the Nutella … Read more

Fitch Revises Malta’s Outlook from Stable to Positive; Affirms at ‘A+’

Credit Agency Fitch expects high economic growth in Malta to be sustained in the medium term, and estimates potential growth at around 4%.

In its … Read more

Nike’s ‘Moon Shoes’ expected to fetch over US$160,000 in auction

A rare pair of Nike “Moon Shoes” could fetch as much as $160,000 in an auction held by Sotheby’s.

The New York auction house is … Read more