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Local newspapers review
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Pope asks Protestants for forgiveness
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Picture of 'shark' in Marsamxett is a fake uploaded by TV team
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Dead cat bounce or recovery in sight?
Was last end of week rally a dead cat bounce? Are we in for more heartache or have we reached a bottom? Will markets range trade now that January’s lacklustre performance in risky assets to date has seen a number of investors bottom fishing, or would the tone set by the ECB in last week’s press conference pretty much set the scene for the no highly-anticipated March ECB meeting?
By definition from Investopedia, a Dead Cat Bounce is a “temporary recovery from a prolonged decline, followed by the continuation of the downtrend – frequently, downtrends are interrupted by brief periods of recoveries, where prices temporarily rise. A dead cat bounce is a price pattern that is usually identified in hindsight.”
Very difficult to say at this stage where markets are heading, what is sure is that following last week’s ECB meeting, markets have a new target date to work towards. Following last Thursday and Friday’s end of week recovery in prices, markets lost ground on Monday whilst Asian and European risky assets also posted losses early on this morning.
At these particular crossroads, investors need to remain aware and alert that there has been no significant change in fundamentals,...
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PM would have won Grammy Award for his Gaffarena case action last week, PN says
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Malta improves in Euro Health Consumer Index
Malta has moved up four places in the Euro Health Consumer Index issued by the Health Consumer Powerhouse. It was given 663 points and is up from position 27 and 582 points in 2014.
The report commented that Malta has decent accessibility to healthcare, but is not too strong on treatment results.
The Parliamentary Secretary for Health, Chris Fearne, said there was more to be done, but Malta was definitely on the right track.
A cursory look at the data shows Malta in 32nd place out of 43in cancer incidence and mortality (2012 figure)http://www.healthpowerhouse.com/files/EHCI_2015/EHCI_2015_report.pdf
http://www.healthpowerhouse.com/ehci2015-indicators/
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Malaysia says debris found off Thai coast not from missing MH370
A piece of suspected plane wreckage found off the coast of southern Thailand does not belong to a Malaysia Airlines passenger jet that disappeared almost two years ago, the Malaysian transport ministry said today.
The debris does not match those of a Boeing 777 and the part numbers found on the debris were not listed on the Malaysia Airlines parts catalogue manual, the ministry said in a statement following an investigation.
A large piece of curved metal washed ashore in Nakhon Si Thammarat province on Saturday, prompting speculation it might belong to the missing Boeing 777.
The MH370 disappearance is one of the greatest mysteries in aviation history.
The plane disappeared with 239 people on board during a flight from Kuala Lumpur to Beijing in March 2014. A piece of the plane washed up on the French island of Reunion in July 2015 but no further trace has been found.
The search, led by Australia and one of the most expensive ever conducted, is focused on a 120,000-sq-km (46,330-sq-mile) band of sea floor in the remote southern Indian Ocean.
Earlier this week, Australian authorities searching for the jet said they had lost a deep-water sonar detector being used to scour a patch...
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Van Gaal made no offer to quit Man Utd
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Italy police probing top soccer clubs, including Milan executives, over alleged tax evasion
Italian finance police has seized assets worth €12 million as part of an investigation into alleged large-scale tax evasion involving 35 Italian soccer clubs, judicial sources said.
Senior executives from Serie A clubs AC Milan, Lazio and Napoli are among some 64 people who have been placed under investigation, the sources said.
Milan and Napoli declined to comment. A spokesman for Lazio said he was not aware of any probe.
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Putin blasts Lenin for 'time bomb' under the state
Russian president Vladimir Putin has criticised Soviet founder Vladimir Lenin for placing a "time bomb" under the state, and denounced brutal repressions by the Bolshevik government.
The harsh criticism of Lenin, who is still revered by communists and many others in Russia, is unusual for Mr Putin, who in the past carefully weighed his comments about the nation's history to avoid alienating some voters.
Mr Putin's assessment of Lenin's role in Russian history during a meeting with pro-Kremlin activists in the southern city of Stavropol was markedly more negative than in the past.
He denounced Lenin and his government for brutally murdering Russia's last tsar along with all his family and servants, killing thousands of priests and placing a "time bomb" under the Russian state by drawing administrative borders along ethnic lines.
As an example of Lenin's destructive legacy, Mr Putin pointed at Donbass, the industrial region in eastern Ukraine where a pro-Russia separatist rebellion flared up weeks after Russia's March 2014 annexation of Ukraine's Crimean peninsula.
More than 9,000 people have been killed in the conflict and clashes have continued despite a February 2015 peace...
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American University of Malta formally becomes American Institute of Malta, but will seek university licence
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Emmy Bezzina dances to the tune in new video
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Children now spend more time online than on TV, UK survey shows
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Hotel arrivals up 3.3% in November
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Public consultation on drafting of the National Book Council law
The National Book Council (NBC) is consulting authors and publishers as part of a process that will lead to the drafting of National Book Council legislation.
The NBC was set up in 2001 to coordinate institutional services relating to books such as the National Book Prize, the National Book Festival and the distribution of ISBN in Malta. The NBC’s aim is to promote books and a widespread reading culture in society.
The council explained that in the past three years its remit and activity grew considerably, thus making the need for a law.
Amongst issues raised by authors during a discussion was that they often found themselves lacking the authority to ask their publisher for an audit of their book sales.
Authors’ payments was another crucial point raised since several authors felt that they were e not being treated entirely fairly in this regard.
During this meeting, the NBC proposed that certain mechanisms be introduced in the NBC law that would recognise a writers’ syndicate and a publishers’ collective. Meaning that the NBC would have a legal mechanism that would officially recognise a non-governmental writers’ and publishers’ institution: institutions that would, in turn,...
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Malaysian PM cleared of graft after $620m in his account are declared a Saudi 'gift'
Malaysia's attorney-general has cleared Prime Minister Najib Razak of any criminal offences or corruption, closing investigations into a murky multi-million-dollar funding scandal that his opponents had hoped would bring him down.
Najib was buffeted last year by allegations of graft and mismanagement at the debt-laden state fund 1Malaysia Development Berhad (1MDB) and by a revelation that about $681 million was deposited into his personal bank account.
But Attorney-General Mohamed Apandi Ali said the transfer was a gift from Saudi Arabia's royal family, adding that no further action needed to be taken on the matter.
Opposition party leaders denounced the finding, saying the appointment of the attorney-general by the prime minister in the midst of the crisis suggested a conflict of interest. But analysts said it was a victory for Najib that would allow him to focus on winning the next election in 2018.
"The AG's statement today pretty much allows the government to move on ... As far as things are legally concerned, the prime minister is in the clear," said Ibrahim Suffian, director of independent opinion polling firm Merdeka Center.
Apandi told a news conference no criminal...
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Court urged to reject extradition request due to human rights breaches in Lithuanian prisons
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Two injured in separate incidents near Portes des Bombes
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SMEs given easier access to funds
The European Investment Fund and Bank of Valletta have signed an agreement which will result in easier access to funds for SMEs.
The agreement was signed in the presence of deputy prime minister Louis Grech, who is leading the government's SME Initiative.
SMEs will have €60m at their disposal over five years and can borrow up to €500,000 each at low interest rates with reduced collateral.
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An unwinnable battle?
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