Business

Cyprus moves to tighten minimum tax rules for large companies

Cyprus has opened a public consultation on changes to its minimum tax rules for large multinational and domestic business groups, with the proposed amendments aimed at bringing national legislation fully…

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Autonomous Bus public testing phase begins in Gozo

The autonomous bus project in Gozo commenced its public testing phase after the completion of the commissioning phase, marking another important milestone in the rollout of this innovative EU-funded mobility…

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Espresso Prices in Italy Jump Nearly 25% in Five Years, Study Finds

A cup of espresso at an Italian bar now costs nearly a quarter more than it did five years ago, according to a new study, and industry analysts warn that…

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Bread and pasta prices face fresh pressure from war and extreme heat

Global food prices are expected to increase by 11.8% this year and by 4.8% in 2027, with the most severe impact expected to be on crops — grains, fruit and…

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Why states fought to present a united case against Meta over youth social media harms

As opening statements get underway in a landmark trial over claims that Meta Platforms misled the public about the safety of Instagram and Facebook for young users and violated child…

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Oil extends climb on prolonged Hormuz export uncertainty

Oil prices climbed for a fourth straight day on Wednesday as investors weighed conflicting messages from Tehran and Washington on ‌whether the Strait of Hormuz is open to ships. Brent…

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England moves to protect pubs as Wetherspoons cracks down on loud phone use

England is moving to strengthen protections for pubs while one of the country's largest pub chains is taking action against another source of customer frustration: excessive smartphone noise. Wetherspoons has…

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Lamborghini Marks Miura’s 60th Anniversary With Record Monterey Car Week Gathering

Automobili Lamborghini celebrated its heritage and latest performance technology during Monterey Car Week 2026, bringing together a record collection of historic Miuras alongside its newest hybrid models. At the Pebble…

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Binance Gave Russia Client Data Used to Target Ukraine Donor

Binance last year handed Russian authorities details of cryptocurrency donations to Ukrainian fundraising campaigns that were used as evidence to bring terrorism financing charges against a Russian IT specialist, law…

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Growing number of young people in Germany not in work or training

The number of 20 to 24-year-olds in Germany who were neither employed nor doing training or studies rose to 10% in 2025 as part of a continuing trend, new figures have shown. In…

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Oil struggles for direction as US-Iran talks stall, Hormuz shipping slows

Oil prices gave up early gains on Monday as stalled U.S.-Iran talks revived concerns over prolonged Middle East tensions, but the absence of major supply outages limited upside. Brent crude…

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Shipping slows through Strait of Hormuz after tanker attacks

Shipping through the Strait of Hormuz slowed over the weekend, data showed on Monday, following attacks on tankers, while U.S.-Iran talks to resolve the Middle East ‌conflict stalled. Five commodity…

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Italy fines businesses after water safety violations found in nationwide sweep

More than half of the inspections carried out at bars and restaurants across Italy last month found irregularities involving the bottling and serving of treated water, Italy’s NAS Carabinieri health…

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Oil steadies after US threatens indefinite blockade of Iran

Oil prices inched up on Friday after the United States threatened an indefinite naval blockade of Iran, reviving concerns about supply of crude after the previous session's fall on a…

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Air India to test all pilots for banned substances

Air India is to test all of its pilots for banned substances, starting immediately. It comes after an incident last week in which its Phuket to Delhi flight suddenly lost…

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Bird remains found aboard 737 engine from Ryanair Greek incident

Bird remains were found in the engine of a Ryanair Boeing 737 NG plane where a passenger was partially sucked through a broken window shortly after takeoff from Greece in…

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Ireland introduces new anti-money laundering rules target gambling industry

New anti-money laundering rules are set to be introduced in Ireland as part of a wide-reaching nationwide crackdown. The Irish Government is aiming to target attempts by criminal gangs and…

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UK economy gains from Gulf ceasefire, World Cup and sunshine

Britain's economy unexpectedly grew in June as companies enjoyed a respite from the energy price surge caused ‌by the Iran war, the start of the men's soccer World Cup and…

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Oil drops on lower demand forecasts despite deadlock in US-Iran talks

Oil prices fell more than $1 on Thursday as forecasters lowered global oil demand projections for 2026 because of the disruptions from the U.S.-Israeli war on Iran, though the supply…

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UK’s Revolut gets French bank licence in European expansion drive

Britain's Revolut announced it had secured a French banking licence, marking a significant step in the fintech's European expansion plans and a development its CEO Nik Storonsky has previously said…

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Norway wealth fund posts record $184 bln profit in first half of 2026

Norway's $2.3 trillion sovereign wealth fund, the world's largest, posted a record profit of 1.75 trillion Norwegian crowns (€159.7 billion) for the first half of the year, lifted by technology…

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Oil, gold prices rise as geopolitical tensions mount before CPI

Oil and gold prices climbed while regional shares edged nervously higher on Wednesday as geopolitical tensions ratcheted up ahead of key U.S. inflation data. The yen was mostly flat against…

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Italy’s Federcarrozzieri says scorching temperatures can severely damage cars and onboard electronics

Extreme heat can become a serious threat to automobiles, with potential damage to multiple vehicle components reaching as much as 16,400 euros ($18,000) per car, according to Federcarrozzieri, the Italian…

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Oil prices rise, Asia stocks drift amid US-Iran stalemate

Oil prices rose on Tuesday as negotiations between the U.S. and Iran over a peace deal and the reopening of the Strait of Hormuz hit an impasse, while Asian shares…

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ETS and ETS 2 Threatens To Make Malta’s Connectivity To Europe Unaffordable

By Joseph Bugeja, Chairman of ATTO Malta’s logistics operators and consumers are already experiencing the economic impact of the European Union’s Emissions Trading System (ETS). The result is straightforward: higher…

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Disney and TikTok strike content-sharing deal with short-form videos to be added to Disney+

TikTok videos are coming to Disney+, meaning that Spider-Man and Moana are about to become TikTok stars. Officially. The tech giant and the entertainment behemoth have inked what they are…

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Oil gains as investors cautious over Iran-Oman talk progress

Oil prices rose on Thursday ‌as investors remained cautious on the outcome of Iran-Oman talks and whether they will restore flows via the Strait of Hormuz, while reports of attacks…

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Malta Employers calls for long-term infrastructure planning to safeguard competitiveness

Malta Employers has reiterated its call for a coordinated, long-term approach to infrastructure planning, stressing that the recent electricity outages should be viewed as part of broader structural challenges facing…

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Pfizer Betting on AI’s Promise in Drug Discovery

Artificial intelligence has already transformed industries such as finance and education, but one of its most important tests may come in medicine: discovering new drugs. Pharmaceutical giant Pfizer recently signed…

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Oil extends declines as investors await outcome of US-Iran talks

Oil extended declines on Wednesday after steep falls in the previous two trading sessions, as investors waited to see if efforts to end the Iran war and restore traffic through…

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Higher fuel costs and strikes push Brussels Airlines deeper into the red

Brussels Airlines reported a wider adjusted operating loss in the first six months of the year and said it would no longer add two Airbus A330 aircraft to its fleet…

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Gold firms as oil prices slump after Trump holds off on Iran attack

Gold rose on Monday as oil prices fell after U.S. President Donald Trump held ‌off on fresh attacks on Iran in hopes of a swift deal, slightly easing concerns over…

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“Rushed Pay Transparency Rules May Undermine Business Competitiveness” – Malta Employers

Malta’s new pay transparency regulations, which came into effect on the 5th of June, aim to strengthen fairness and equality in the workplace, but employers are warning that the rushed…

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BP puts UK North Sea oil and gas assets up for sale as CEO pushes overhaul

BP wants to sell its British oil and gas fields in ‌the North Sea as new Chief Executive Officer Meg O'Neill accelerates a sweeping portfolio overhaul aimed at improving profitability.…

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Euro Zone Growth Beats Forecasts as AI Investment Lifts Economy

The euro zone economy grew faster than expected last quarter as surging investment in AI, ample government spending and several one-off factors more than offset a drag from high energy…

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ATTO Meets PN Delegation to Discuss Challenges Facing Malta’s Logistics Sector

The Association of Maltese International Trailer Operators (ATTO) has met a delegation from Partit Nazzjonalista led by Dr Alex Borg and comprising MEP Peter Agius and Hon. Ivan Castillo to discuss the challenges facing Malta's logistics sector…

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Chronic financial stress may accelerate brain ageing, study finds

Long-term financial stress could have a lasting impact on brain health, with a new study linking persistent money worries to poorer memory and faster brain ageing. Researchers analysed data from…

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Individual Tax Programme: Can Simplicity Preserve The Appeal?

When Malta first introduced its special tax residence programmes, they were designed to address specific segments of the international market. Over time, these programmes became an important component of Malta’s…

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Vivian EVP initiative identifies People, Purpose and Trust as key drivers of employee engagement

Pharmaceutical and wellbeing company Vivian has completed a comprehensive Employee Value Proposition (EVP) initiative involving nearly all of the company's 53 employees, revealing that people, purpose and trust are the…

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How Malta’s Financial Services Sector Is Shaping the Talent of Tomorrow

As automation takes over routine processes, the sector’s competitive advantage is shifting towards professionals who can interpret complex information, exercise judgement and advise clients through increasingly uncertain regulatory and commercial…

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GO’s TOKIS Investment Reaches New Milestone with €5 Million Commitment to Maltese Productions

GO is strengthening its commitment to Malta’s creative industry with a continued multi-million-euro investment in local storytelling, as TOKIS prepares to launch its biggest season yet with ten new Maltese…

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FinanceMalta Eyes Opportunities In US

FinanceMalta is exploring new opportunities to strengthen Malta’s presence in the United States, following enhanced connectivity between the two countries and growing interest in international investment opportunities. Chairman George Vella…

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GO Ventures Invests in AI Cybersecurity Company Jericho Security

GO Ventures, the corporate venture capital arm of GO plc, has invested in Jericho Security, a New York-based cybersecurity company developing artificial intelligence tools to help organisations defend against increasingly…

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Global beer production declines as consumers shift towards lower-alcohol options

The global beer industry is facing a slowdown as changing consumer habits, health concerns and weaker demand in traditional markets weigh on production of one of the world’s most popular…

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“Competition is tough, but complacency is fatal” – Norman Aquilina

After 16 years as CEO of the Farsons Group, Norman Aquilina’s journey at the helm of one of Malta’s most established companies has come to an end. As he shares some personal insight…

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Shipping traffic through key Middle East waterways falls after Houthi attacks

Shipping activity through the Bab el-Mandeb strait dropped sharply on Sunday after Yemen’s Houthi movement launched attacks on Saudi oil facilities along the Red Sea coast, while traffic through the…

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Oil prices hit $100 for the first time since May

Oil prices have surged to $100 a barrel for the first time since May as renewed fighting in the Middle East raises concerns over global energy supplies. Brent crude, the…

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AI System Goes Rogue in Unprecedented Cybersecurity Test

OpenAI has revealed that one of its advanced artificial intelligence systems managed to break out of a controlled security environment and carry out what it described as an unprecedented cyberattack…

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Energy Crisis Set to Keep Food Inflation Elevated, UN Warns

Rising energy and fertiliser costs linked to ongoing conflicts and global supply disruptions are expected to continue fuelling food inflation, threatening efforts to make healthy diets affordable worldwide, according to…

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Gold hits two-week high

Gold rose to a two-week high ‌on Wednesday on technical buying as investors assessed the widening Middle East conflict and awaited the U.S. Federal Reserve meeting next week for clues…

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Ryanair CEO: initial probe suggests foreign object damage in smashed window incident

Ryanair CEO Michael O'Leary said that an initial finding from a probe into an incident in which a passenger was partly sucked out of ‌a Boeing 737's roken window suggested…

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Malta Public Transport announces special services for Isle of MTV 2026

Malta Public Transport will be organising special bus services for Isle of MTV Malta 2026, taking place on 22nd July 2026 at the Granaries, Floriana. In order to provide a…

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India’s Maruti Suzuki to hike prices for second time in two months

Maruti Suzuki, India's largest carmaker, said Tuesday it will increase prices across its vehicle lineup by up to 30,000 rupees ($312) from August, citing persistent cost pressures. The increase marks…

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Iran war leaves crisis-weary European airlines ready for a shakeout

As renewed conflict in the Gulf drives up oil prices, airline investors and industry executives see mounting signs that Europe's financially weaker carriers may be headed for a shakeout. British…

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Oil prices turn lower as traders weigh impact of renewed US strikes on Iran

Oil prices turned lower on Thursday as traders took profits and evaluated the risks from a new wave of U.S. strikes on Iranian military installations, which fuelled fears of renewed…

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Oil prices rise 2% as hostilities worsen in the Middle East

Oil extended gains by around 2% on Wednesday as President Donald Trump ‌reimposed a naval blockade on all Iranian ports and Iran's Islamic Revolutionary Guard Corps threatened to close "all…

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GO Trends Reveals How Malta’s International Visitors Really Move, Stay and Spend

GO has just announced the latest edition of GO Trends, its data intelligence report that provides Maltese businesses with an anonymised view of how international visitors move across the Maltese…

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