Midday Corporate Dispatch – Corporate and Financial News

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The Baltic Container Terminal (BCT), operated by a Maltese company since the 1990s, is investing €30 million over the next three years to consolidate its position as the main recipient of goods in the region. – Times of Malta 

European stocks traded lower Tuesday morning after the U.S. imposed sanctions on Iran over the shooting down of an unmanned American drone last week. CNBC

Japan has bowed to US pressure by watering down commitments to tackling climate change in its draft G20 communiqué, a sign of how Tokyo is seeking to curry favour with Washington amid tense trade talks and concerns over North Korea – Financial Times

US delivery company FedEx has filed a lawsuit against the US government, arguing that it should not be required to enforce federal government export bans. – CNN

When compared to May 2018, the industrial producer price index in Malta went up by 1.20 per cent. This was due to a rise of 2.06 per cent in intermediate goods, 1.30 per cent in consumer goods and 0.06 per cent in capital goods. No price changes were registered within the energy sector. NSO

French business consultancy firm Capgemini on Monday said it agreed to buy engineering and digital services company Altran for 3.6 billion euros ($4.10 billion) to tap into the fast-growing engineering outsourcing services market. – CNBC

Adam Mosseri, the head of Instagram, has laid out his long-term vision to ramp up retail and tap the desire of the photo app’s 1bn users to indulge in “window-shopping”. Financial Times 

EBay announced Thursday that it’s implementing a series of personalization features for shoppers aimed at showing consumers items that suit their interest and fit their shopping habits. – Retail Dive 

The favorite to replace British Prime Minister Theresa May, Boris Johnson, reiterated his threat to take the U.K. out of the European Union in October with or without agreeing a deal with the bloc. – CD

London-based exchanges are preparing to delist Swiss stocks this week after financial markets became entangled in a deteriorating row between Switzerland and Brussels over their relationship. – Financial Times 

An anonymous pilot is suing Boeing, alleging the company “demonstrated reckless indifference and conscious disregard for the flying public” in its development of the 737 Max. CNN

Reebok earlier this month launched a maternity collection, designed for new and expecting mothers. The collection is meant to offer “options for an active lifestyle,” including hitting the gym or running errands – Retail Dive 

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