Business

JPMorgan to build Canary Wharf’s tallest tower

JPMorgan Chase has received approval to build a 265-metre office tower at Canary Wharf, set to become the tallest building in the area. The new headquarters will exceed the height…

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Hapag-Lloyd estimates extra weekly costs from Iran crisis at $50 mln–60 mln

Hapag-Lloyd CEO Rolf Habben Jansen on Wednesday ‌estimated the additional costs from the Middle East crisis at $50 million to $60 ⁠million a week and warned that the German company…

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IATA warns replenishing jet fuel supplies could take months even if Hormuz reopened

The head of a body representing global airlines warned on Wednesday it would take months for jet fuel supply to recover even if Iran reopened the Strait ‌of Hormuz, given…

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More than 15 countries planning to facilitate Strait of Hormuz access

French President Emmanuel Macron said about 15 countries were planning to facilitate ‌the resumption of traffic through the Strait of Hormuz, through which a fifth of the world's oil supply…

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Euro zone growth slows to nine-month low on surging costs, PMI shows

The euro zone's private sector expansion weakened sharply in March as the Middle East war drove up energy costs and disrupted supply chains, with overall demand - a key gauge…

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Hormuz closure divides the fortunes of Middle Eastern oil states

The Strait of Hormuz's closure and the resulting surge in global oil prices have handed financial windfalls to Iran, Oman and Saudi Arabia, while other states that lack alternative shipment…

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Shipping’s Next Crisis Could Be a Shortage of Crew, Not Cargo

Mark O’Neil, chief executive of Columbia Group, has warned that mounting geopolitical and logistical pressures could push the global shipping industry towards a serious shortage of seafarers. He argues that…

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ECB’s Stournaras says euro zone monetary policy will depend on size of energy disruption

European Central Bank policymaker Yannis Stournaras said on Monday that ‌the appropriate euro zone monetary policy will depend on the size and nature of energy supply disruption from the Iran…

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Malta Public Transport announces Special Services for San Girgor Feast and Festa Frawli

Malta Public Transport will be operating special services to facilitate travel for passengers attending the upcoming San Girgor Feast in Marsaxlokk and Festa Frawli in Mġarr, ensuring convenient connections to…

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Why does chocolate cost so much this Easter, when cocoa’s price is at a 3‑year low?

By Vinh Thai, Professor of Logistics and Supply Chain Management, School of Accounting, Information Systems and Supply Chain, RMIT University An Easter bunny for $10. A box of 20 hollow…

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Malta Public Transport Announces New Night Routes

Malta Public Transport announces a series of enhancements to its Night Bus network, aimed at improving service frequency and connectivity for its passengers. These changes, which include the introduction of…

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ATTO Takes Combined Transport Directive Issue to European Parliament

ATTO brought the pressing issue of the Combined Transport Directive directly to the European Parliament in Brussels on the 18th of March engaging in a series of high-level discussions ahead…

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Factory input costs soar worldwide as Iran war snarls up supply chains

Factories across the world faced soaring input costs and supply chain disruptions in March due to the Iran war as underlying tepid demand threatened to undermine the manufacturing sector's fragile…

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Switzerland proposes wine import restrictions amid protectionism debate

Switzerland is considering a new plan to restrict wine imports, under a proposal from President Guy Parmelin, a trained winemaker with a family vineyard near Lake Geneva. The initiative would…

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Nike warns of revenue decline in 2026 amid global disruptions

Nike has signaled that revenues could fall in 2026, raising concerns about its ongoing corporate turnaround and prompting an 8.9 per cent drop in shares during after-hours trading on Tuesday.…

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Klikk Reports Revenue Growth As GO Backs Long-Term Investment In Customer Experience

KLIKK, GO plc’s electronics and hardware retail arm, has reported continued revenue growth as the company deepens its investment in service infrastructure, workforce capability and customer experience initiatives aimed at…

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Easter Treats Get Pricier in Italy as Chocolate Eggs See Sharp Increases

Traditional Easter products in Italy are becoming noticeably more expensive this year, with chocolate eggs recording significant price increases while the classic “colomba” cake remains relatively stable. According to a…

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Malta Public Transport announces shuttle services for Puttinu Cares Good Friday Walk

Malta Public Transport will be operating a series of dedicated shuttle services on Thursday 2 April 2026 to support participants taking part in the traditional Puttinu Cares Good Friday Marathon.…

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Lamborghini Miura: Born Incomparable

In 2026, the Automobili Lamborghini Museum celebrates a landmark 60th anniversary of the Lamborghini Miura with the exhibition “Born Incomparable”, which runs from March 18, 2026 to January 2027. The…

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Airlines face fare dilemma as fuel spike threatens travel demand

Global airlines have begun to hike fares and cut capacity to cope with the sudden surge in the oil price, but the industry's ability to remain profitable may depend on…

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Malta Employers Call for Electoral Proposals that Drive Sustainable National Growth

Malta Employers President Ivan Refalo has called for responsible policymaking and a stronger focus on competitiveness amid rising global uncertainty and labour market pressures. Referring to a possible general election…

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Strait of Hormuz Closure Drives Oil Bets Toward $150 a Barrel

Traders are increasingly betting that Brent crude could surge to $150 a barrel by the end of April as the ongoing conflict in the Middle East continues to restrict oil…

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Oil price drops further as Iran says ‘non-hostile vessels’ can pass Hormuz

Oil prices fell sharply after US President Donald Trump said negotiations to end the conflict were making progress, while Iran signalled that “non-hostile” vessels could be allowed passage through the…

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Euro zone growth nearly stalls as Middle East war fuels inflation surge, PMI shows

Euro zone private sector growth slowed sharply in March as the Middle East war drove input costs to their highest in more than three years and triggered the worst supply…

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Poste Italiane Launches €10.8 Billion Takeover Bid for TIM

State-controlled postal and financial services giant Poste Italiane announced on Sunday a €10.8 billion cash and share bid to take over Italian telecommunications group TIM. Already the largest shareholder in…

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Is coffee the new cocoa? Some expect coffee prices to also crash

Some coffee industry experts have been drawing comparisons between the coffee and cocoa markets, projecting that coffee prices will sink in coming months, just as cocoa prices crashed after the…

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Which economies will hurt most from the Iran war?

Any prolongation of the Iran war risks creating an unprecedented crisis in energy supplies that sooner or later will hit every corner of the global economy. But it is already…

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Malta Public Transport Announces Additional Services for Malta vs Luxembourg Play-Off

Malta Public Transport will be operating a series of extra trips and direct bus services towa-rds and back from Ta’ Qali on Thursday 26th March 2026 for the highly anticipated…

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War in Iran threatens fresh food-price shock across developing world

Disrupted fertiliser shipments and soaring energy prices from the war in Iran are threatening to unleash a fresh food-price surge across vulnerable nations, risking a years-long setback just as many…

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Oil jumps above $115/bbl after attacks on Mideast energy assets multiply

Oil prices jumped on Thursday, with benchmark Brent rising to its highest in more than a week to more than $115 a barrel, after Iran ‌attacked energy facilities across the…

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SAS to cancel 1,000 flights in April after jet fuel price doubles in 10 days

Scandinavian airline SAS has said that it will cancel at least a thousand flights in April after the conflict in the Middle East sent fuel prices surging. "The price of…

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Airlines cancel more flights as Middle East conflict escalates

Global air travel remains severely disrupted after the war in Iran forced the closure of key Middle Eastern hubs including Dubai, Doha and Abu Dhabi, stranding tens of thousands of…

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Oil prices fall over $2 as Iraqi and Kurdish authorities agree to export deal

Oil prices fell more than $2 per barrel on Wednesday to ‌pare some of Tuesday's sharp gains after the Iraqi government and Kurdish authorities reached a deal to resume oil…

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Bolt to start monitoring how customers ride scooters

Bolt is set to introduce several new changes, including monitoring driving behavior and a discount for customers wearing a helmet. Last year, the company began monitoring how drivers use its…

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Mapping Malta’s Financial Services Talent

Malta’s financial services sector is projected to contribute between €4.8 billion and €5.3 billion to the country’s GDP by 2035. However, the sector is also facing the critical challenge in…

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UPDATED: Oil prices jump 4% after renewed Iranian attacks on UAE

Oil prices rose by about 4% on Tuesday, clawing back some of the previous session's losses as Iranian attacks on the United Arab ‌Emirates rekindled supply fears while the Strait…

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Middle East war disrupts pharma air routes, risks cancer drugs supply

War in the Middle East is disrupting the flow of critical medicines to the Gulf, imperilling supply routes for cancer drugs and other treatments that require refrigeration and forcing companies…

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Oil rises as Middle East attacks continue

Oil prices ‌rose on Monday as the U.S.-Israeli war on Iran continued to disrupt oil production and shipping in the Middle East, despite U.S. President Donald Trump's call for global…

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Bus Route Diversions in St Julian’s for St Patrick’s Day Celebrations

Public transport users are being advised of temporary bus route diversions in the St Julian’s area on St Patrick’s Day, on Tuesday 17th March, due to road closures linked to…

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€654,000 per week: the added cost on Malta’s consumers due to ETS and fuel price increases.

The EU’s Emissions Trading System (ETS) was already highly unfair to Malta as an island state, placing heavy pressure on the international trailer operators that sustain Malta’s connectivity. With the…

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Middle East War Drives Spike in Air Cargo Costs as Shipping Routes Close

Air freight rates have risen by as much as 70% on some routes since the start of the U.S.-Israeli war on Iran, data shows, as the conflict limits flights, blocks…

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Euro zone industry starts 2026 on weak note, even before energy hit

Euro zone industrial production unexpectedly fell in January, data from Eurostat showed on Friday, casting doubt on the sector's long-predicted recovery, especially as the recent surge in ‌energy costs will…

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Goldman Sachs hikes average Brent oil forecast to over $100 a barrel for March

Goldman Sachs expects Brent oil to average over $100 a barrel ‌in March, and $85 in April, it said on Friday, as energy prices remain volatile due to the Iran…

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Oil heads for weekly gains despite US sanctions waiver on Russian oil

Oil prices headed for weekly gains as of Friday, despite the U.S. trying to ease supply concerns by issuing a ‌30-day license for countries to buy Russian oil and petroleum…

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STMicroelectronics plans robots, retraining to avoid closures

STMicroelectronics unveiled plans to retrain workers and deploy robots in its ‌older chip manufacturing plants, avoiding closures as the European semiconductor giant navigates industry challenges. At a semiconductor conference in…

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Malta Employers Launch TalentSync Project to Strengthen Future Skills

Malta Employers has officially launched TalentSync, an initiative aimed at strengthening the alignment between workforce skills and the evolving needs of industry. At a time when many employers are facing…

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British Airways cancels Abu Dhabi service ‘until later this year’

British Airways said it had cancelled all flights to and from Amman, Bahrain, Doha, Dubai and Tel Aviv “until later this month”, while services to and from Abu Dhabi have…

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Domino’s UK bets on fried chicken to deliver growth beyond pizzas

Domino's Pizza in ‌Britain is betting on its new fried chicken brand to drive growth beyond pizza, as the chain captured more than half the takeaway market in the UK…

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Qantas hikes fares on international routes as fuel costs surge on Mideast conflict

Qantas Airways said on Tuesday it would hike fares on its international routes this week in response ‌to the surge in jet fuel costs due to the conflict in the…

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Shipper MSC introduces emergency fuel surcharges

Shipping company MSC announced emergency fuel surcharges on all cargo ‌from the Mediterranean and Black Sea to the Indian sub-continent, Red Sea and East Africa. The move includes the ⁠West…

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Gold gains on weaker dollar, easing inflation concerns

Gold prices rose on Tuesday, supported by a weaker ‌U.S. dollar and easing energy costs after U.S. President Donald Trump suggested that the war in the Middle East could end…

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Oil falls as Trump predicts Middle East de-escalation

Oil prices fell on Tuesday after hitting an over three-year high in ‌the prior session as U.S. President Donald Trump predicted the war in the Middle East could end soon,…

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Bahrain’s state oil company declares force majeure on its shipments after Iran attack

Bahrain’s state oil company declared force majeure on Monday for its shipments after an Iranian attack set its refinery ablaze. The state-run Bahrain News Agency carried the announcement of the…

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MMF Underlines Unintended Consequences of EU ETS in Brussels

A delegation from the Malta Maritime Forum (MMF) travelled to Brussels to discuss the impact of the EU’s Emissions Trading System (ETS) with European institutions, industry associations and Maltese policymakers.…

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Italy weighs fuel-tax cuts as firms warn of energy price surge from Middle East war

Italy is considering cutting fuel excise duties using higher-than-expected value-added tax revenues triggered by rising pump prices, the prime minister said, as businesses ‌warned the conflict in the Middle East…

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Oil prices reach 14-year high

Crude oil prices have surged to their highest levels in at least 14 years, climbing above $100 per barrel for the first time since 2022 as the war involving Iran…

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Thomas Smith joins Fastdrop to create next-generation middle- and last-mile operator

The Malta Competition and Consumer Authority has approved a strategic investment by Thomas Smith, Malta’s most established logistics provider, into Fastdrop, the island’s leading 24/7 delivery specialist. This landmark transaction…

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