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The Italian government faces a paper loss of more than 30% on its €3.85 billion rescue of troubled lender Monte dei Paschi di Siena, according to grey-market trading in the bank's new shares. The world's oldest lender has not formally traded on the Milan bourse since December when the bank failed to ...

Russian nuclear-capable strategic bombers have flown a rare mission around the Korean Peninsula at the same time as the United States and South Korea conduct joint military exercises that have infuriated Pyongyang. Russia, which has said it is strongly against any unilateral US military action on the peninsula, said Tupolev-95MS bombers, ...

People have been warned not to consume Miras sunflower seeds after a consignment sold in Malta was found to have high levels of a toxic carcinogen, aflatoxin The Environmental Health Directorate said the 250g packets have an expiry date of March 25, 2019. For further information, contact the Health Inspectorate Services between ...

The Malta Employers Association is proposing that the first day of sick leave is unpaid.In their proposals for the budget, the MEA said many companies are concerned about the increased incidence of sick leave – in particular sporadic sick leave linked to weekends.As happens in other countries, the first day ...

VistaJet has been valued at $2.65 billion following Rhône Capital’s $150 million cash investment into the emerging private aviation company, Chief Operating Officer Nick van der Meer has told The Malta Independent on Sunday, in a feature that will be published this weekend.Rhône Capital, which is a global private equity ...

Foreign Direct Investment in Malta registered at €161.4 billion in 2016As at the end of 2016, foreign direct investment in Malta was registered at €161.4 billion, an increase of €9.5 billion over the corresponding period the previous year.Financial and insurance activities contributed €158.2 billion, which is 98% of the total ...

Customs officials have intercepted 23,270 cigarettes and 67 litres of smuggled wine during the fourth week of its enforcement campaign.Smuggled cigarettes were found at a restaurant, a vegetable shop, a grocery store, a garage and in a private car. Of the total amount, 15,810 cigarettes were intercepted at the airport ...

Businesses are still struggling to find employees, GRTU Malta Chamber of SMEs CEO Abigail Mamo told The Malta Independent, however the union is hopeful that certain upcoming changes might help improve the situation.Last November, this newsroom reported on the dire situation in which businesses found themselves in due to the lack of potential ...

Source: UN Office for the Coordination of Humanitarian Affairs Country: occupied Palestinian territoryPart of the allocation will bolster the UN’s emergency fuel operation which supplies fuel to generators to maintain operations in around 190 critical health, water and sanitation installations.Jerusalem, 24 August 2017 The UN Coordinator for Humanitarian Aid and Development Activities, ...

The Thai economy is expected to grow 3.5% this year, up from 3.2% initially predicted in April, and rising to 3.6% next year, the World Bank said on Thursday.