Issue link: https://maltatoday.uberflip.com/i/1513149
€1.50 THURSDAY 14 DECEMBER 2023 • ISSUE 236 WWW.BUSINESSTODAY.COM.MT COP28: Agreement reached to transition away from fossil fuels LifeStar Group H1 profit after tax revised to €209,984 under new accounting standards MARIANNA CALLEJA THE first-ever call for the world to transition away from fossil fuels has been approved after a meeting between nearly 200 nations in Dubai on Wednesday. Fossil fuels have long been labelled the top culprit of climate change behind the world's environmental cri- sis. Burning fossil fuels is driv- ing global warming, risking millions of lives. However, so far, governments have never collectively agreed to stop using them. PAGE 2 STAR PERFORMER MSE FTSE 100 EUR EXCHANGE RATES Trading Date: 13 Dec 2023 Number of Trades: 149 Turnover: €3,601,621.42 MSE TRX Index: 7869.673 Change: 0.189% Name: 3.5% BOV SUB NTS MT0000021320 - Currency € Last Traded: 13 Dec 2023 Price 90.870 Change +2.860 US Dollar 1.0522 British Pound: 0.86477 Japanese Yen: 144.59 Australian Dollar: 1.5451 Swiss Franc: 0.98700 7,613.67 78.12 7,613.39 / 7,312.00 Value Net variation High / Low +0.86% PAUL COCKS THE LifeStar Group registered a profit after tax of €209,984 for the first six months of 2023, under the newly-adopted accounting standards IFRS 17 and IFRS 9, compared to a revised loss for the same pe- riod last year of €3,025,877. e group comprises LifeStar Holding plc and its subsidiaries LifeStar Insurance plc, LifeStar Health Limited and GlobalCapital Financial Management Limited. PAGE 4 Registered trade in goods recorded a deficit of €318.1m Trade in Goods excluding specific chapters - monthly Provisional data recorded a total trade in goods deficit of €318.1 million during October, compared to a deficit of €343.9 million in the corresponding month of 2022. Imports amounted to €724.0 million, while exports totalled €405.9 million, representing drops over the same month of the previous year in both imports and exports of €126.4 million and €100.5 million, respectively During the first 10 months of 2023, the deficit of trade in goods excluding specific chapters widened by €224.9 million when compared to the same period of 2022, reaching €1,987.9 million. Group's Half-Yearly Financial Report was updated in accordance with the requirements and terms of accounting standards IFRS 17 and IFRS 9 COP28 president Sultan Ahmed Al Jaber, right, and UN Framework Convention on Climate Change executive secretary Simon Stiell embrace in Dubai