Business

13

Jul

Malta Public Transport: Man charged with rape has no connection to company

Malta Public Transport refers to media reports regarding a bus driver who has beencharged with rape and blackmail. The company wishes to clarify that the individualconcerned is not, and has…

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China temporarily bans helium exports as US-Iran tensions flare again

China announced on Friday a temporary export ban on helium, effective immediately, as resumption of military conflict in ‌the Middle East threatens to trigger new shortages of the gas critical…

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EasyJet backs $7.65 billion Apollo bid over Castlelake offer

U.S. private equity giant Apollo Global Management launched a £5.7 billion ($7.65 billion) offer for budget airline easyJet on Friday, outbidding rival Castlelake and potentially opening the door to a…

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Italy sees 35% rise in non-EU workers since 2019

The number of non-EU nationals employed in Italy increased by more than 35% between 2019 and 2025 and now represents about one-seventh of the country's workforce, the head of Italy's…

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Oil heads for weekly gain as Middle East supply risks persist

Oil prices eased on Friday but remained on ‌track for weekly gains as renewed U.S.-Iran fighting disrupted shipping in the Strait of Hormuz, stoking concerns over supply disruptions. Brent futures…

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Oil rises after US launches fresh strikes on Iran

Oil prices rose more than 1% on Thursday after the U.S. carried out fresh strikes on ‌Iran, denting hopes for talks to end their war and for the full reopening…

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Oil jumps over 5% after Trump says deal with Iran ‘over

Oil prices jumped more than 5% on Wednesday, hitting a two-week high after U.S. President Donald Trump said the ‌memorandum of understanding to end the conflict with Iran was "over",…

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Oil drifts down after OPEC+ agrees to raise output targets

Oil prices inched lower on Monday after OPEC+ agreed to further increase its output targets from August ‌while exports from key producers via the Strait of Hormuz are recovering, potentially…

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Microsoft launches firm to help companies adopt AI with $2.5 billion

Microsoft said it is creating a new company that will help customers select AI technologies that work for their businesses and generate returns on their investment. Microsoft Frontier Company, as…

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Malta Public Transport announces special services for BBC Concert 2026

Malta Public Transport will be organising special bus services for the BBC Concert taking place on 4th July 2026, at the Granaries in Floriana. In order to provide a more…

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Unchecked AI progress may pose catastrophic risks, UN panel warns

Developments in artificial intelligence are outpacing scientific understanding and government policy, meaning there are no guarantees the technology will ‌not cause catastrophic harm, a United Nations independent panel warned on…

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More than 332,000 passenger journeys recorded in first month of Gozo’s fully electric bus service

One month after Gozo’s public transport service has been fully electrified, Gozo’s bus service has recorded more than 332,000 passenger journeys across more than 16,220 trips, demonstrating strong public uptake…

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Xerjoff and Lamborghini launch exclusive luxury fragrance collection

Italian luxury perfume house Xerjoff and Automobili Lamborghini have partnered to launch an exclusive fragrance collection inspired by the shared values of innovation, craftsmanship and design. The collaboration brings together…

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Wealthy nations reap huge benefits from immigration, study finds

Wealthy nations with the highest rate of immigration over the past 35 years reaped a large economic benefit and many could still absorb more workers, according to research to be…

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Apple raises laptop and tablet prices amid global memory chip shortage

Apple has increased the prices of selected MacBooks and iPads worldwide, citing a sharp rise in the cost of memory and storage chips driven by growing demand from artificial intelligence…

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South Korea Targets AI Chip Boom with $648B Samsung-Led Investment Drive

Samsung Group plans to invest around 1,000 trillion won ($648 billion) in South Korea over the next decade, according to a media report, in a major push to convert surging…

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Renault plans 800 job cuts in engineering in France

French automaker Renault Group is planning to cut 800 engineering jobs in France by the end of 2027 in a bid to make its organisation ‌leaner to better compete with…

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24

Jun

Malta Public Transport: Injured bus driver bears no responsibility for Mosta crash

Reference is made to the road traffic incident involving one of our buses on 18 June 2026 in Mosta, during which our bus driver sustained serious injuries. We would like…

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Tech giant Oracle cuts 21,000 jobs as it embraces AI

Oracle shed about 21,000 roles globally in the last year as the US technology giant reshapes its business around artificial intelligence (AI), the firm's latest annual report shows. The software…

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Oil inches down as investors focus on Hormuz flows after peace talks

Oil prices inched down on Tuesday, extending losses from the previous session, as investors looked for clearer signs of progress in restoring crude flows through the Strait of Hormuz following…

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Ryanair extends CEO O’Leary’s contract to 2032 with possible €150 million bonus

Ryanair CEO Michael O'Leary has extended his contract to 2032, the budget airline said, in a deal which includes a bonus scheme that could earn the 65-year-old Irishman more than…

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Coffee firms ill-prepared for EU rules on living wages, report finds

None of the world's top coffee roasters and traders have committed to paying farmers a living income even though ‌this is set to become a legal obligation for large companies…

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Rome to host four-day Vespa celebration marking 80th anniversary

Rome will host a four-day public celebration from June 25 to 28, 2026, to mark the 80th anniversary of Vespa, with thousands of enthusiasts from around the world expected to…

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Euro area wage growth shows signs of cooling off

The European Central Bank (ECB) released its updated wage tracker this week, indicating that negotiated wage pressures remain stable as the year progresses. Data covering agreements signed up to the…

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Gold fever sends some vintage luxury watches to the melting furnace

Omega's Constellation watch has been flashed in campaigns, movies and at the Met Gala by stars like George Clooney and Nicole Kidman, turning it into a symbol of luxury and…

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Jeff Bezos says AI will create labour shortages rather than mass unemployment

Artificial Intelligence will lead ‌to labour shortages, not the replacement of humans, ⁠Amazon founder Jeff Bezos predicted on Wednesday. Bezos was speaking about his new AI startup ‌Prometheus, ⁠which is…

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Strait of Hormuz transit will take ‘weeks’ to resume, largest tanker operator tells FT

Shipowners will not resume transit through the Strait of Hormuz for weeks until they are confident that the U.S.-Iran peace ‌deal is "material", the CEO of Japan's Mitsui O.S.K. Lines…

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GO Energi Supports Government Grants For Solar PV Systems

GO ENERGI is offering households the opportunity to take advantage of the Government’s current grants to support PV systems and battery storage through a range of solar energy solutions designed…

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Malta Public Transport Announces Summer Schedule Network Changes

Malta Public Transport announces a number of network adjustments in connection with the introduction of its Summer Schedule, aimed at meeting seasonal passenger demand and improving service efficiency across the…

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Mercedes-Benz expands into drone defence as Europe boosts military spending

Mercedes-Benz is moving further into Europe’s fast-growing defence sector through a partnership with Munich-based start-up Tytan Technologies to develop mobile systems designed to counter small hostile drones around critical infrastructure.…

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Ryanair investigated over charging parents to sit with children

Ryanair is being investigated by the UK's competition watchdog over charges it imposes on parents to sit next to their child on flights. The Competition and Markets Authority (CMA) said…

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Oil rises more than $1 as escalation in US-Iran strikes unnerve traders

Oil prices jumped on Thursday as Tehran declared the critical energy chokepoint, the Strait of Hormuz, closed ‌after the U.S. launched additional strikes against Iran and as President Donald Trump…

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Labour market faces ‘dual shock’ of AI disruption and global conflict – Malta Employers President

The global labour market is being reshaped by the combined pressures of escalating geopolitical conflict and rapid artificial intelligence adoption, creating a “dual shock” to jobs, skills and economic resilience.…

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Germany risks recession as Iran energy shock hits growth, DIW economists say

Germany's economy is likely to slip into a technical recession this year as an energy price shock triggered by the war in Iran ‌derails a fragile recovery, the DIW economic…

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Design drives consumer choice across the EU as counterfeit risks persist

Design has become one of the most influential factors shaping consumer behaviour across the European Union, but new evidence from the European Union Intellectual Property Office shows that its growing…

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Wizz Air to offer Starlink in-flight internet from 2027

Budget airline Wizz Air said on Monday it will begin offering Starlink satellite internet across its fleet from next year, becoming the first European ultra-low-cost carrier to introduce the service.…

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Stellantis recalling more than 1.3 million Jeep vehicles worldwide over fire concerns

Stellantis said on Tuesday it is recalling ‌more than 1.3 million Jeep SUVs and trucks worldwide over fire concerns and urged owners to park away from structures or other vehicles…

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EP Pushes New Workplace Safety Drive Amid Rising Accident Concerns

The European Parliament has approved a major new initiative aimed at reducing workplace accidents and strengthening worker protection across the European Union, as concerns continue to grow over fatalities and…

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EU Tightens Foreign Investment Rules in Critical Industries

The European Union has approved new rules aimed at tightening the screening of foreign investments in strategic sectors, marking a major shift in Europe’s approach towards economic security and protection…

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Coca-Cola CFO flags uneven demand, warns of Middle East risks into 2027

Coca‑Cola is adjusting ways to keep its drinks both affordable and appealing as consumer demand remains uneven across income groups, CFO John Murphy said at an industry conference ‌on Thursday.…

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Microsoft testing wearable AI gadget aimed at office workers

Microsoft is developing new wearable technology with an artificial intelligence (AI) enabled gadget. The company unveiled two concept products it has developed for people who often use AI tools in…

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GO Launches EU-Funded Upgrade of Malta’s Strategic GO-1 Submarine Cable Link

GO p.l.c., Malta’s leading telecommunications provider, today announced the launch of the MOGOSC project (MOdernisation of the GO-1 Submarine Cable), a strategic infrastructure upgrade that will significantly enhance Malta’s connectivity…

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Euro zone firms struggle to raise prices despite Iran war shock

Only a third of the euro zone's largest companies have indicated they are raising prices in response to the Iran war, a Reuters analysis of listed corporate earnings commentary shows,…

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Takeover speculation grows around EasyJet

EasyJet has emerged as a potential takeover target as investors and industry observers increasingly view the low-cost carrier as undervalued despite its strong market position and improving financial performance. The…

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SOCAR Installs New Executive Team at Italiana Petroli

Italiana Petroli has named new senior executives following the completion of its acquisition by Azerbaijan’s State Oil Company of Azerbaijan (SOCAR) last month. The appointments mark the first major leadership…

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Shipping Leaders Demand Clear Rules Before Returning to Strait of Hormuz

Shipping executives gathering in Athens on Monday warned that any future peace agreement between the United States and Iran must include clear, enforceable rules to allow commercial vessels to safely…

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Malta Employers Congratulates Political Leaders Following General Election

Malta Employers extends its congratulations to the Partit Laburista on its victory in the General Election and looks forward to engaging in constructive social dialogue with Prime Minister Dr Robert…

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Oil surges after Iran targets US airbase in retaliation

Oil prices jumped more than 3% on Thursday after Iran's Revolutionary Guards said they targeted a U.S. airbase in response ‌to a U.S. attack near Bandar Abbas airport. Brent crude…

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Oil pulls back as traders look for progress on US-Iran talks

Oil prices pulled back from recent highs on Wednesday, erasing some of the previous day's 4% gain as traders sought ‌clarity on complex negotiations between Iran and the U.S. after…

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Airlines Confident of Smooth Summer Despite Jet Fuel Concerns

Fears of major flight disruptions across Europe this summer have eased significantly, as airlines and energy officials say jet fuel supplies are now expected to remain stable despite ongoing tensions…

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Oil prices rise as investors doubt breakthrough in US-Iran peace talks

Oil prices climbed on Friday but were on track for a ‌weekly loss as investors doubted the prospects of a breakthrough in U.S.-Iran peace talks. Brent crude futures rose $1.66,…

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GO plc Crosses Quarter-Billion Euro Revenue Milestone as Group Charts Bold Course Beyond Telecoms

GO plc, Malta's leading integrated communications and digital services group, today held its Annual General Meeting, where shareholders were presented with a landmark set of financial results for the 2025…

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Vivian Cuts Energy Use By 28.8%, Securing EU Funding

Pharmaceutical and medical devices company Vivian has reported a 28.8% reduction in energy consumption over the past year, significantly surpassing the 5% benchmark required to qualify for support under the…

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Italy Minister Says Sicily Airports Could Become Mediterranean Hub

The privatization process for SAC, the company that manages the airports of Catania and Comiso, has reached a critical stage, with the outcome of expressions of interest expected in early…

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Microsoft eyeing startup deals for life after OpenAI

Microsoft is shopping for artificial-intelligence startups as the software company prepares for a future independent of its once-vital partner OpenAI, five people familiar with the matter said. The ‌potential acquisitions…

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Electrolux plans 1,700 layoffs, plant closure in Italy

Electrolux plans to lay off 1,700 people in Italy, more than 40% of its workforce in the country, and close one of its plants there, Italian trade unions said on…

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Shipping industry fears fuel shortages as Iran war squeezes bunker fuel supply

Ship operators rely on a sludgelike substance known as bunker fuel to keep vessels running. The Iran war ‘s closure of the Strait of Hormuz has choked off the supply…

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