Reading Time: 2 minutes Spain’s Santander beat forecasts with a 35% jump in second-quarter underlying profit on the back of lower loan loss provisions, strong U.S. consumer business and a rise in mortgage lending in the UK market. The euro zone’s second-biggest lender in terms of market value reported a net profit of 2.07 billion euros ($2.45 billion)
Malcolm Mizzi | PTL Ltd PTL Ltd, a subsidiary of Harvest Technology plc, has appointed a new Head of Software Engineering and Business Applications, Malcolm Mizzi. Mizzi has been working in the IT industry for over 20 years. He started his career as a junior software engineer and has over the years matured in the software engineering field. Throughout
The MSE Equity Price Index bounced off from Tuesday's 4-month low as it inched 0.21% higher to 3,782.941 points on Wednesday. The gains in MIA and HSBC outweighed the decline in BOV as overall trading activity remained stubbornly low at just €0.04 million. Malta International Airport plc rebounded by 3.3% as it regained the €6.20 level on three deals
A report in the UK Financial Times headed ‘Watchdogs have clamped down on Binance, one of the largest cryptocurrency exchanges….’ is probably indicative of one of the main reasons why the FATF recently greylisted Malta. After giving the reasons for the clampdown, the reporters state: “Binance has led a peripatetic life since its founding by Zhao (a
France’s personal data protection agency on Wednesday fined US firm Monsanto for illegally compiling files of public figures, journalists and activists with the aim of swaying opinion towards support for its controversial pesticides. The firm, now owned by German chemical giant Bayer, failed to inform the people on the watch lists compiled in the context
Germany’s largest lender Deutsche Bank raised its 2022 revenue target on Wednesday after posting a better-than-expected net profit for the second quarter, even as it took a hit from an unfavourable court ruling on banking fees. Net profit for the April-June period reached €692 million, compared with a €77 million loss a year earlier. Analysts surveyed
German chemicals group BASF raised its targets for 2021 on Wednesday after strong demand and higher prices boosted its second quarter performance, continuing the firm’s rebound from last year’s pandemic hit. The Ludwigshafen-based group booked a net profit of €1.65 billion between April and June, compared with a loss over the same period a year earlier
Malta is well known for its excellent healthcare standards and thriving pharmaceutical and biotech industry. Both of which have earned the country a reputation as one of the best locations and jurisdictions for this industry sector in the whole of the EU. The local pharmaceutical industry accounted for 17% of Malta’s GDP in 2019. Malta has invested
pexels.com Meetings held between the Central Bank of Malta and local firms during the second quarter of 2021, show as follows: Overall business conditions have improved markedly. Firms are also much more upbeat about future business conditions. Investment plans have largely remained on track. Firms have expressed higher demand for employment. Labour
Apple said on Tuesday its profit in the just-ended quarter nearly doubled amid improving consumer spending and a “growing sense of optimism” as pandemic lockdowns eased. The California tech giant’s profit rose to $21.7 billion on growth in iPhone sales and its increasingly important digital services. Revenue surged 36 per cent from a year ago to $81
