July 2022

Meta Platforms Inc. issued a gloomy forecast after recording its first ever quarterly drop in revenue Wednesday, with recession fears and competitive pressures weighing on its digital ads sales. Shares of the Menlo Park, California-based company were down about 4.6% in extended trading. The company said it expected third-quarter revenue to be in the range of $26 billion to $28.5 billion, which would be a second consecutive year-over-year drop. Analysts were expecting $30.52 billion, according to IBES data from Refinitiv. Total revenue, which consists almost entirely of ad sales, fell 1% to $28.8 billion in the second quarter ended June

Twitter Inc. does not object to Elon Musk’s proposal to start a trial on October 17 over Musk’s bid to walk away from his $44 billion acquisition deal but the social media company wants a commitment to complete the trial in five days, Twitter said in a court filing on Wednesday. Musk has said he needs time to complete a thorough investigation of what he says is Twitter’s misrepresentation of fake accounts, which he said breached their deal terms. He originally sought a February trial, but on Tuesday proposed an October 17 trial after a judge ruled the proceeding was

​ As an island member state disconnected from the EU’s gas network, Malta will continue working hard to promote energy efficiency and renewables Malta has secured an exemption from a European Commission’s regulation that introduces mandatory reductions of 15% for gas use by member states in case of security of supply emergencies. During an extraordinary meeting of the Energy Ministers today in Brussels, Energy Minister Miriam Dalli presented Malta’s case as an island member state that is disconnected from the European gas network. She strongly upheld that in Malta’s specific situation, where switching of fuels is not a viable option, such

The Central Bank of Malta (CBM) has signed an agreement with the University of Malta (UM) and the University Research, Innovation and Development Trust (RIDT) that provides for the re-establishment of a Central Bank of Malta Chair in Economics and related studies within the Faculty of Economics, Management and Accountancy (FEMA) at the University of Malta for the coming three academic years. The Central Bank has previously financed the Chair between 2012 and 2015 and again between 2016 and 2019 The Bank has tasked the Research Trust of the University to manage the annual €30,000 project. RIDT was established in

In line with its continuous effort to promote and uphold its commitment to foster an inclusive and equal workplace, the Central Bank of Malta, together with the European Central Bank and another 25 National Central Banks and Competent Authorities, has officially signed the European System of Central Banks (ESCB) and Single Supervisory Mechanism (SSM) Equality, Diversity and Inclusion (EDI) Charter. This non-legally binding Charter brings together a number of National Central Banks and National Competent Authorities in the ESCB and SSM which have voluntarily committed themselves to a set of shared principles and common goals. Through this Charter, signatories pledge to

The World Health Organization is urging people who may have been exposed to or at risk of monkeypox to get vaccinated against the disease as a preventive measure. Since it declared monkeypox a global health threat last week, the WHO says the disease has continued to spread around the world, with cases topping 16,000 in at least 75 countries. The WHO says the outbreak is mainly concentrated among men who have sex with men, especially those with multiple sexual partners. It warns against stigmatizing a whole group of people, as this could cause the outbreak to accelerate exponentially by driving