Business - CDE News - The Dispatch

Vivian Launches New Vision Correcting Intraocular Lens

Cataracts are the leading cause of treatable blindness in the world. Today however, patients can benefit from having a cataract surgery with an extra perk that enables patients to have…

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Third McDonald’s Awarded Autism-Friendly Label

McDonald’s restaurant in Għargħur is the third McDonald’s restaurant in Malta featuring a Quiet Space – a dedicated room within the restaurant purposely designed for children and people with autism…

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Thousands of flights to and from Europe affected by suspected Russian jamming

Flights in and out of Britain are among thousands that have been affected by suspected Russian jamming of GPS systems. More than 2,300 Ryanair flights have reported incidents of GPS…

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Milan to ban the sale of takeaway food after midnight in war on ‘wild nightlife’

Milan’s leaders have been accused of waging war against ice-cream in their bid to combat “wild nightlife” in the northern Italian city. Marco Granelli, the deputy mayor for public security,…

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Wet wipes containing plastic to be banned from sale in UK

Wet wipes containing plastic will be banned from being sold in the UK, with legislation expected to be announced by Environment Secretary Steve Barclay on Monday. The government is planning…

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Dubai’s high-end property sales rise on overseas demand

Sales of homes in Dubai worth $10 million or more rose 6% in the first quarter versus last year, an industry report showed on Tuesday, as demand from the international…

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Microsoft will unveil new Windows and cloud AI features in May

Microsoft will reveal brand-new artificial intelligence tools for use on PCs and in the cloud at its annual Build conference, according to a session list posted in these last days.…

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Mapping Arabica! Nestlé experts develop new database to better identify more climate-resilient coffee plants

With climate change threatening coffee cultivation, Nestlé experts are exploring how advanced data science and artificial intelligence can be leveraged to help select and breed more climate-resilient plants. While more…

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Cyprus betting revenues increase, surpassing 1 billion euros in 2023

Betting activity revenues in the Republic of Cyprus recorded an upward trend for another quarter, confirming the dynamic and stable growth of the sector. According to the financial results announced…

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Finland see drastic drop in Summer job opportunities

Finland is seeing a notable shortage of summer job openings this year, with nearly half the number of positions that were on offer last year. In March, job search engine…

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Italy to host 66 million tourists over the summer

Italy is set to host 65.8 million tourists this summer and they will enjoy a total of 266 million overnight stays, according to the Demoskopika institute's Summer 2024 Tourism Forecast,…

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Calamatta Cuschieri’s Assets Under Management Reach €2.5 Billion

2023 results make it the Group’s most successful year in its 52-year history Positive performance of Moneybase sustains Group’s strategy Calamatta Cuschieri Moneybase plc, formerly known as CC Finance Group,…

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Ryanair sees Italian growth despite regulatory squalls

Ryanair said on Wednesday it expected to expand its leading position in the Italian market in the coming years despite regulatory disputes over the past few months. The Irish budget…

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UK rents rises hit record high

UK rents climbed at their fastest rate since at least 2015 last month, as tenants continued to be squeezed. New data from the Office for National Statistics shows that the…

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Lufthansa’s new ITA remedies not too different from earlier, sources say

Lufthansa's new remedies on its ITA Airways stake buy are not markedly different from an earlier package rejected by EU antitrust regulators which have also discounted Ryanair as a rival…

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MDB committed to forge stronger ties with the two leading trade related chambers

During meetings with the senior officials of The Malta Chamber and the Malta Chamber of SMEs, the Chairman of the Malta Development Bank Leo Brincat and the CEO Paul V.…

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EasyJet suspends flights to Tel Aviv until late October

Airline easyJet has announced that it is to suspend all flights to and from Tel Aviv until 27 October, following the Iranian missile and drone strike on Israel over the…

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UK unemployment rate jumps to 4.2%

Britain’s unemployment rate has risen to 4.2%, as the number of workers in payrolled jobs falls and more people leave the jobs market. The latest healthcheck on the UK’s labour…

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Lufthansa offers concessions to gain EU nod on ITA takeover

German airline Lufthansa has offered concessions aimed at securing EU antitrust approval for its acquisition of a minority stake in Italian carrier ITA Airways, an update on the European Commission…

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Alfa Romeo changes name of new ‘Milano’ model to ease tensions with Italy

Stellantis-brand Alfa Romeo will change the name of its new "Milano" model to "Junior" to ease tensions with Italy's government, which last week criticised the choice of an Italian sounding…

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EBO Launches AI-powered Digital Women’s Health Hub

EBO, a leading AI solutions supplier for the UK healthcare market continues to strengthen its role in the UK’s health sector with the launch of its new Digital Women’s Health…

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Tesla to lay off more than 10% of staff globally as sales fall

Tesla will lay off more than 10% of its global workforce, Reuters revealed on Monday, as it grapples with falling sales and an intensifying price war for electric vehicles. The…

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Airlines cancel flights to Middle East as crisis escalates

Global airlines faced disruptions to flights on Monday after Iran's missile and drone attacks on Israel further narrowed options for planes navigating between Europe and Asia. While Israel, Jordan, Iraq…

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Microsoft to invest US$2.9 billion in AI and cloud infrastructure in Japan

Microsoft announced it will invest US$2.9 billion over the next two years to increase its hyperscale cloud computing and AI infrastructure in Japan. It will also expand its digital skilling…

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Cost of UK passports to rise for second time in 14 months to up to £100

The cost of a new or renewed UK passport is going up again for the second time in 14 months – rising by 7% to £88.50 for an adult online…

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German company bankruptcies hit another record high

The Leibniz Institute for Economic Research Halle (IWH) has reported that insolvencies by German partnerships and corporations rose to another record high in March. According to the IWH, there were…

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Ted Baker to close 15 stores in the UK with 245 jobs lost

The administrators running stricken retailer Ted Baker have announced that 15 of its stores are to close in the coming weeks. Teneo, who took control of Ted Baker last month,…

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MDB hosts Shadow Minister for Finance Graham Bencini

Malta Development Bank Chairman Leo Brincat and CEO Paul V. Azzopardi hosted a courtesy meeting with Hon. Graham Bencini, the Shadow Minister for Finance at the Bank’s offices in Floriana.…

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US will not accept Chinese imports decimating new industries, Yellen says

U.S. Treasury Secretary Janet Yellen warned China on Monday that Washington will not accept new industries being decimated by Chinese imports, as she wrapped up four days of meetings to…

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German exports fall 2%

Germany’s economy has suffered another drop in overseas sales. German exports dropped by 2% during February, statistics body Destatis reports, worse than the 0.5% fall expected by economists. On an…

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Microsoft to launch AI hub in London

By Martin Coulter Microsoft has has announced plans for a new artificial intelligence (AI) hub in London, focused on product development and research. The unit will be led by Mustafa…

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Petrol prices in Italy hit six-month high

The price of petrol in Italy has reached a six-month high, according to data released on Monday by the Quotidiano Energia publication.It said the average price of unleaded petrol at…

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Gold at new record high

The gold price has hit a new record high today, as investors continue to anticipate interest rate cuts this year… and some central banks add to their bullion reserves. Gold…

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Maltese hauliers on Malta to Genoa sea-route already saving 70% in Co2 emissions

Over the past months, ATTO, the Malta Chamber, the Malta Business Bureau, together with the Irish Road Haulage Association (IRHA) and the Cyprus Chamber of Commerce and Industry have been…

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AI seen cutting worker numbers, survey by staffing company Adecco shows

By John Revill Artificial intelligence will lead to many companies employing fewer people in the next five years, staffing provider Adecco Group said this week, in a new survey highlighting…

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Cloud Software Group and Microsoft sign eight-year strategic partnership

Cloud Software Group Inc. and Microsoft Corp. announced they are deepening their collaboration through an eight-year strategic partnership agreement. The agreement will strengthen the go-to-market collaboration for the Citrix® virtual…

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Women in UK finance earn a third less than male colleagues, data shows

Some of Britain's top financial firms pay women 28.8% less on average than male counterparts, salary data from 21 companies reviewed by Reuters shows, even though they say they are…

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World food prices rebound from three-year low, says UN agency

World food prices rebounded in March from a three-year low, boosted by increases in vegetable oils, meat and dairy products, according to the United Nations food agency's latest price index.…

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Armani company put in receivership amid labour exploitation probe

By Emilio Parodi An Italian court placed under judicial administration a company owned by Italian fashion group Armani accused of indirectly subcontracting production to Chinese companies that exploited workers. The…

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Premier Restaurants Romania largest employer in Romania in the quick service restaurant industry

Premier Restaurants Romania, the operator of McDonald's restaurants in Romania, exceeded in February the threshold of 6,000 employees, following the expansion of the network. At the end of 2022, the…

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Ryanair to resume flights to Israel in June

Irish airline Ryanair said Thursday it will resume flights to and from Israel as of June 3 following the decision of Ben Gurion International Airport to re-open a low-cost terminal. “It is…

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Samsung sees profits jump by more than 900%

Samsung Electronics estimated on Friday its first-quarter operating profit would rise more than 10-fold, topping market expectations, as chip prices have started to rebound from a severe downturn thanks to…

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Food price fears as Brexit import charges revealed

The British government has revealed how much companies will have to pay to import foods from the EU due to Brexit. Small imports of products such as fish, salami, sausage,…

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Eurozone economy returns to growth thanks to strong services output

The eurozone economy returned to growth for the first time since May 2023 thanks to stronger-than-expected output from the services sector, according to the closely followed purchasing managers’ index (PMI).…

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WhatsApp back up after outages around the world

Users of Meta Platforms-owned messaging service WhatsApp reported that the app was out of action on Wednesday evening. Tracking website Downdetector.com said that tens of thousands of WhatsApp outages had…

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Google looks to AI paywall option

Google, the search engine used by more than a billion people around the world, is reported to be considering charging for premium content generated by artificial intelligence (AI). The company,…

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Giovanni Ferrero richest man in Italy

Sweet magnate Giovanni Ferrero is richest man in Italy with a net worth of 43,8 billion euro, Forbes said.Ferrero is 26th worldwide, said the US business bible.Data giant ion Group…

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Ryanair canceled 950 flights due to Israel-Gaza conflict, 8% passenger increase

Ryanair has said that it cancelled almost 950 flights during March because of the conflict in Israel and Gaza. The Irish airline said that it carried 1m more passengers during…

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ECB needs to stop subsidizing banks, Holzmann says

By Balazs Koranyi and Francois Murphy The European Central Bank needs to stop subsidizing commercial banks and should cut interest payments on the piles of cash lenders got from the…

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Students Invited To Reinvent Their Cities With Minecraft Education

Digital skills amongst younger students are improving as new teaching methods introduced in schools at an early age are proving to be more effective than traditional means of learning according…

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Ganado Advocates Hosts 9th Annual Banking & Payments Law Seminar

Ganado Advocates’ forthcoming 9th edition of the Annual Banking and Payments Law Seminar will delve into the increased responsibilities being faced by banks and payment institutions when protecting their customers…

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Shell says landmark climate ruling obstructs fight against climate change

Shell told a Dutch court a 2021 order that it should drastically cut greenhouse gas emissions lacks a legal basis and risks obstructing the fight against climate change. In a…

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New York keeps top spot, London second in Z/Yen financial centre survey

By Huw Jones LONDON, (Reuters) - New York easily remains the world's top financial centre, cementing its position for the past six years after it overtook London, in second place…

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Thailand presses case for casinos to boost revenues, tourism and jobs

A bill that would legalise casinos in Thailand could be passed in the current government's term, an official said on Friday, as the prime minister backed a move he said…

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Thailand offers tax waiver to attract ‘world-class events’

BANGKOK, March 28 (Reuters) - Thailand on Thursday announced a tax waiver for organisers of large international concerts, sporting events, and festivals to try to attract big events and position…

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GO Expands Its Growing Portfolio With Acquisition Of AQS Med Ltd

GO has announced the strategic acquisition of 51% shareholding in AQS Med Ltd, a prominent alternative energy solutions provider. This acquisition underlines GO’s commitment to renewable energy. “This acquisition of…

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Binance to end support for USDC stablecoin on Tron blockchain network

Cryptocurrency exchange Binance said on Monday customers would no longer be able to deposit and withdraw the dollar-pegged stablecoin USDC using the Tron blockchain network. Stablecoins are digital tokens that…

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