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  • Editorial: Muscat and Schembri's reputations are intertwined

    Prime Minister Joseph Muscat has, whether he likes it or not, tied his personal reputation to that of Keith Schembri.Keith Schembri is at the heart of the Panama Papers scandal, and has been right from the very beginning. The Panama Papers found that Keith Schembri had acquired a company in ...

  • Watch: 'We will publish another five priorities next week' - Joseph Muscat

    Prime Minister Joseph Muscat announced today that he will reveal another five new priorities for a PL government next week.The Prime Minister addressed a lively crowd at a political event held in Rabat this evening. He is on the campaign trail, after having called a snap election. The Prime Minister ...

  • Shareholders reject idea of Lombard Bank buying own shares in Cyprus Popular Bank

        Lombard Bank shareholders have rejected the idea of the bank buying its own shares in Cyprus Popular Bank. The bank asked shareholders to authorise it to pay a minimum of €1.54 and a maximum of €3.09 per ordinary share, with the share price currently at €2.411. The bank had intended to bid ...

  • Creating great moments together in Cyprus with Emirates

    Emirates, the Dubai-based international airline that flies daily from Malta to Larnaca and onward to Dubai, is offering a companion fare promotion on flights to Larnaca, Cyprus. Two or more passengers travelling together in Economy Class can benefit from a special fare starting from €198 per person to Larnaca, inclusive of ...

  • Lombard bid for Cypriot bank raises concerns

    Lombard Bank’s intention to bid for a 49.01 per cent shareholding of Cyprus Popular Bank raises financial, regulatory and ethical concerns as well as potentially legal ones, according to sources. The Cypriot bank had to be bailed out during the financial crisis. All its foreign operations were put into the hands ...

  • Editorial: Justice with the Justice Scoreboard

    It is rather unfortunate that when ministers or government officials report on reports by international organisations, such as the EU, they tend to give their take on the report in question but they do not, as a rule, provide the link to the report in question.The public is thus left ...

  • Greek Cyprus overturns ‘Enosis’ bill days before resumption of peace talks

    Just a few days before the stalled Cyprus peace talks are set to resume, the Greek Cypriot parliament overturned the law that called for the celebration of a 1950 referendum seeking unification with Greece to be celebrated in schools, the main cause that led to a breakdown in talks

  • EU Finance leaders to tackle issue of non-performing loans, banks issued with ‘best practice’ report

    Finance Minister Edward Scicluna said that the EU Economic and Financial affairs Ministers, together with EU institution financial leaders have prioritised the problem of non-performing loans across the EU.A non-performing loan (NPL) is when an individual is defaulting on their loans with the bank, in effect not making the necessary ...

  • Greek Cyprus’ hydrocarbon bid ‘unacceptable’: Turkish Foreign Ministry

    The Greek Cypriot administration’s exploration and exploitation contracts with international hydrocarbon companies and consortiums are “unacceptable,” the Turkish Foreign Ministry said April 6.

  • Lombard Bank makes bid for Cypriot shares

    The board of directors of Lombard Bank has submitted a bid for the 21 million shares held in the bank by Cyprus Popular Bank, saying that this would be “in the interest of the bank and all its stakeholders”. The sale process was announced almost a year ago and is already ...

  • Lombard share price reaches 6-year high

    The share index closed virtually flat today at 4,716.327 points as the 2% gain in the share price of Lombard offset the 3.1% decline in MIDI. Meanwhile, four other shares remained unchanged. Trading activity improved to a four-day high of €0.26 million. Eight deals totalling 25,883 shares lifted the equity of Lombard ...

  • Breakthrough on Greece bailout could be reached tomorrow in Malta

    A breakthrough on Greece’s difficult bailout talks could be reached tomorrow in Malta, at a meeting of the eurogroup. The finance ministers of members states that use the euro currency will be meeting in Valletta tomorrow morning, where they will also discuss growth and jobs, the banking union and the ...

  • Cyprus-Malta: competition, cooperation on passports

    The debate over Malta’s citizenship-by-investment programme may have subsided in recent months, but on another small Mediterranean island, the same scheme is facing similar criticism – and a similar defence by the authorities. The programme introduced by the government of Cyprus in 2013, originally as a temporary measure in the face ...

  • Russian Laundromat: four Malta-based companies received USD3 million in laundered funds

    Four Maltese companies received close to USD3 million in laundered Russian funds according to research published by the Organized Crime and Corruption Reporting Project this week.The transfer of the funds all occurred between August 2013 and January 2014. The largest share of laundered funds went to a firm named ASAP ...

  • Ronaldo hits 70 international goals, Dutch stunned in World Cup qualifiers

    While Cristiano Ronaldo kept moving up Europe's all-time scorers list on Saturday, a demoralizing loss to Bulgaria endangered the Netherlands' World Cup qualification.With two goals in Portugal's 3-0 win over Hungary, Ronaldo moved into fourth place on the all-time scorers list for European nations.Ronaldo's 70 in 137 appearances trail only ...

  • Human rights violations in DRC up 30 percent in one year

    Source: UN Human Rights Council Country: Democratic Republic of the Congo, Sri LankaThe increase could be explained by two factors: violations related to restricting democratic space and the resurgence of activities of several armed groups, the Human Rights Council heard.Human Rights Council MIDDAY 22 March 2017 The Human Rights Council in its midday meeting ...

  • Updated (7): Terror in London - 5 dead in vehicle, knife attack near British Parliament

    A knife-wielding man went on a deadly rampage at the heart of Britain's seat of power Wednesday, mowing down pedestrians on London's Westminster Bridge before stabbing an armed police officer to death inside the gates of Parliament. Five people were killed, including the attacker, and about 20 others were injured.Lawmakers, lords, staff ...

  • Only a trickle of stolen Russian billions ended up in Malta

    Illicit money flowing out of Russia via Moldova and Latvia ended up in almost every single EU state, an investigation has found, posing questions on the integrity of Europe's banking systems.Beneficiaries in Estonia received $1.6 billion out of a total of some $20 billion uncovered in the money trail by journalists ...

  • Turkish Cypriots push private sector despite embargo

    With its pristine floor tiles and colorful storefronts, Famagusta’s new City Mall symbolizes efforts by the northern part of divided Cyprus to encourage investment despite a decades-long trade embargo.

  • Ankara aims to bring peace to Cyprus, says Turkish FM

    Turkey’s vision for Cyprus is to turn the island into a bastion of peace and stability, Turkish Foreign Minister Mevlüt Çavuşoğlu said in an opinion piece in the Washington Times published on March 21

  • Comeback?

    Is inflation making a comeback?We have spent quite some time regretting its absence. The European Central Bank would regularly announce that the target of a 2 per cent inflation rate still needed to be reached.But now we seem to be there. The contra claim is that this does not apply ...

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