24

Nov

Zara workers plan Black Friday protests at stores across Europe

Workers at Zara plan to protest outside stores in seven European countries on Black Friday, a key sales day, to demand a profit-sharing scheme be reinstated, the European Works Council…

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24

Nov

Tourist tax expected to be introduced for London

The mayor of London has cautiously welcomed reports that he is to impose a tourist levy on visitors staying overnight in the capital. Chancellor Rachel Reeves is expected to give…

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21

Nov

Unilever considering selling British brands Marmite, Bovril

Unilever (is considering selling historic British brands including Marmite, Colman's and Bovril, three people with knowledge of the matter said, as the consumer goods giant exits some food businesses to…

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21

Nov

Oil extends decline by 1.5% on hopes for Russia-Ukraine peace deal

Oil prices fell 1.5% on Friday, extending declines for a third straight session as the United States pushed for a Russia-Ukraine peace deal that could swell global market supply, while…

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20

Nov

Oil edges up as US peace push may add to oversupply

Oil prices edged up on Thursday after falling in the previous session as concerns a U.S. push to end the Russia-Ukraine war may add supply into an amply supplied market…

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19

Nov

French court rejects case against Perrier over its claims as ‘natural’ mineral water

A French court rejected a case against Perrier brought by consumer group UFC-Que Choisir, which had sought a recall of all bottles of the sparkling mineral water over what it…

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19

Nov

From Carbonara to Tiramisu: Italy Seeks UNESCO Recognition to Boost Tourism

Italy is projecting a significant surge in international tourism if its national cuisine secures UNESCO intangible World Heritage status, with industry groups estimating up to 18 million additional visitors over…

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19

Nov

Oil dips on oversupply sentiment but sanctions limit decline

Oil prices fell on Wednesday as an industry report showing higher crude inventories in the U.S., the world's biggest crude consumer, reinforced concerns of oversupply, though price declines were limited…

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18

Nov

Websites world-wide hit by Cloudflare outage

A number websites around the world, including X and ChatGPT, are unavailable because of problems affecting the major internet infrastructure firm, Cloudflare. Thousands of users reported issues with X and…

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18

Nov

FinanceMalta’s 18th Annual Conference to Showcase Global and Local Leaders in Financial Services

FinanceMalta is proud to announce an impressive line-up of distinguished speakers and thought leaders for its 18th Annual Conference, titled “Redefining Finance: A Quality-Driven Future for Malta”, taking place on…

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18

Nov

Oil slips as loadings resume at Russian hub; markets weigh sanctions impact

Oil prices dipped on Tuesday as supply concerns eased with the resumption of loadings at a Russian export hub, briefly halted by a Ukrainian drone and missile strike, while traders…

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18

Nov

Bitcoin drops below $90,000 in sign of souring mood

Bitcoin slipped below $90,000 for the first time in seven months on Tuesday in the latest sign that investor appetite for risk-taking is drying up across financial markets. The risk-sensitive…

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17

Nov

Oil falls after loadings resume at key Russian export hub

Oil prices fell on Monday, erasing last week's gains, as loadings resumed at the key Russian export hub of Novorossiysk after a two-day suspension at the Black Sea port that…

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14

Nov

Vivian Announces Representation of LEO Pharma

Vivian has partnered with global dermatology leader LEO Pharma to bring advanced skin treatments to Maltese patients, improving access to therapies for chronic conditions such as psoriasis and eczema. This…

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14

Nov

Poste Italiane sees no major impact from EU plan for fee on low-value parcels

Poste Italiane sees no major impact from a European Union plan for a 2 euro levy on small inbound parcels from outside the bloc on the company's volumes, Chief Executive…

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14

Nov

Oil rises 2% after Ukrainian attack damages Russian oil depot

Oil prices jumped about 2% on Friday on supply fears after a Ukrainian drone attack hit an oil depot in the Russian Black Sea port of Novorossiysk, a major export…

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13

Nov

Microsoft to invest more than $10 billion in AI infrastructure in Portugal

Microsoft plans to invest $10 billion dollars (more than €8.6 billion) in Portugal to expand its artificial intelligence (AI) infrastructure. Brad Smith, Microsoft's president, said during the Web Summit in…

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13

Nov

Oil prices edge down on US inventory build, OPEC forecast shift

Oil prices edged lower on Thursday, extending losses from the previous session, after a report showing rising crude inventories in the U.S. reinforced concerns that the global supply is more…

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12

Nov

Microsoft expands Danish quantum facility with second lab

Microsoft on Wednesday said it is expanding its quantum facility just outside the Danish capital Copenhagen, by building its second lab in the Nordic country and its largest quantum site…

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12

Nov

Oil prices little changed as markets eye US government reopening

Oil prices were little changed on Wednesday after rising in the previous session amid expectations that an end to the longest-ever U.S. government shutdown could boost demand in the world's…

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11

Nov

The Digital Literacy Imperative: “Digital financial capability must be a pillar of national wellbeing”

With bank branches closing, financial services moving online, and digital financial literacy lagging, ordinary citizens risk being left behind. “This is a world where money is increasingly invisible and decisions…

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10

Nov

Independent regulator to govern English football

By David Fabri FOOTBALL IN ENGLAND - A NEW STATUTORY REGIME  A new Independent Football Regulator (IFR) has been set up under English law - literally a 'game-changer'.  Indeed, the game of…

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10

Nov

EU Rules Need To Consider Malta’s Geographical Realities- ATTO Chair

As part of the EU’s Green Deal to reduce greenhouse gas emissions, the Emissions Trading System (ETS) will, from January 2026, impose a full 100% charge on emissions. “To Malta’s…

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10

Nov

Agility And Forward-Looking Mindset Will Be Key To Malta’s Success – WAIFC Managing Director

“Malta’s reputation as a financial hub is increasingly defined by its agility and forward-looking mindset,” says Dr JOCHEN BIEDERMANN, Managing Director of the World Alliance of International Financial Centres (WAIFC). Representing 27…

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07

Nov

Malta’s Tapestry Of Financial Services

Next year, Malta will open the doors to a brand-new museum, giving a permanent home to its priceless collection of Flemish tapestries, donated to the island in 1702. Today, these…

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07

Nov

Malta Employers Urge National Commitment to ESG as a Pillar of Competitiveness

Malta Employers has successfully engaged diverse stakeholders to support a common vision of ESG as a national priority for future competitiveness, fostering a forward-looking, sustainable, and innovative Maltese economy. This…

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07

Nov

Tesla approves $1 trillion pay package for Musk

Tesla shareholders have approved CEO Elon Musk’s new compensation package, which could ultimately be worth up to $1 trillion, during the company’s general meeting in Austin, Texas. The vote passed…

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07

Nov

Maersk lifts profit forecast as global container volumes grow

Shipping group A.P. Moller-Maersk on Thursday raised the lower end of its full-year core profit forecast, helped by increasing container volumes driven largely by shipments from China, despite lower freight…

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07

Nov

Microsoft signs $9.7 billion cloud deal with IREN as AI demand swells

Microsoft has struck a $9.7 billion deal with data-center operator IREN that includes access to Nvidia's advanced chips, aiming to ease the computing crunch that has kept the tech giant…

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06

Nov

Malta’s VAT Gap Over Twice EU Average

Malta’s tax authority faces a VAT gap of 24.2% in 2023, more than double the EU average of 9.5%, highlighting significant revenue shortfalls and compliance challenges for businesses and the…

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06

Nov

Logistics Sector To Face ETS’ 100% EU Charges On Emissions From January 2026

As part of the EU’s Green Deal to reduce greenhouse gas emissions, the Emissions Trading System (ETS) will, from January 2026, impose a full 100% charge on emissions.  ATTO, the association…

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06

Nov

Microsoft, G42 announce 200 MW data centre capacity expansion in the UAE

Microsoft and Abu Dhabi's G42 on Wednesday announced a 200-megawatt expansion of data centre capacity in the United Arab Emirates as part of an over $15 billion investment commitment by…

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06

Nov

Oil edges up as glut fears ease despite weak demand

Oil prices rose on Thursday as oversupply concerns eased, after closing at two-week lows in the prior session on weaker demand. Brent crude futures were up 17 cents, or 0.27%,…

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05

Nov

Oil dips amid broader market selloff, strong dollar pressure

Oil prices dipped on Wednesday amid a wider slump in financial markets and a strong U.S. dollar, while investors assessed the supply outlook. Brent crude futures edged lower by 6…

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04

Nov

MIA calls for effective implementation of policy measures and stronger consultation

The Malta Institute of Accountants (MIA) has called for effective implementation of policy measures and stronger consultation when new initiatives are announced, insisting that meaningful reform must go beyond proposals…

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04

Nov

Oil slips on oversupply concerns after OPEC+ output plans

Oil prices slipped on Tuesday as investors read OPEC+'s decision to pause output hikes in the first quarter as a signal of oversupply in the market. Brent crude futures fell…

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03

Nov

Oil extends gains after OPEC+ suspends output hikes in Q1

Oil prices climbed on Monday after OPEC+ decided to hold off production hikes in the first quarter of next year, which eased rising fears of a supply glut, but weak…

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31

Oct

ECB keeps interest rates unchanged as economy withstands trade shock

The European Central Bank left its key interest rate unchanged at 2 percent on Thursday, with the euro area economy still proving itself resilient and with inflation reasonably steady around…

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31

Oct

Oil heads for third monthly decline as strong dollar, ample supply weigh

Oil prices eased on Friday, heading for a third straight monthly decline, as a stronger dollar and weak China data capped gains while rising supply from major producers globally offset…

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30

Oct

Microsoft Balances Cloud Momentum Against Mounting AI Expenditures

Microsoft's AI infrastructure spending to meet growing cloud services demand is outpacing Wall Street expectations, deepening investor fears about the costs of sustaining the boom. The technology giant reported a…

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30

Oct

Euro zone growth beats forecasts as France outperforms

The euro zone economy grew quicker than expected last quarter as buoyant consumption offset faltering exports and persistent struggles in Germany's oversized industrial sector, fresh data from Eurostat showed on…

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30

Oct

Oil prices cling to most gains, all eyes on US-China trade-talk outcome

Oil prices held on to most gains from the previous session in Asian trading on Thursday as investors awaited the outcome of U.S.-China trade talks, hoping for signs that tensions…

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29

Oct

Germany to lift hourly minimum wage to 14.60 euros from 2027

The hourly minimum wage for workers in Germany, Europe's biggest economy, will rise in two stages to 14.60 euros ($17) by 2027 from 12.82 euros, the cabinet agreed on Wednesday.…

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29

Oct

FELTOM STRONGLY OBJECTS TO THE TRIPLED ECO-TAX

The Federation of English Language Teaching Organisations Malta (FELTOM) strongly objects to the Government’s decision to triple the eco-contribution from €0.50 to €1.50 per tourist per night, as announced in…

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29

Oct

Oil dips on worries about Russian sanctions, OPEC+ output increase

Oil prices edged lower on Wednesday, extending a three-day slide, as doubts about the effectiveness of Russia sanctions and a potential OPEC+ output increase put pressure on the market. Brent…

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28

Oct

HSBC third-quarter profit slides 14% on legal charges

HSBC Holdings reported a 14% decline in third-quarter pretax profit on Tuesday, hurt by a $1.1 billion charge after losing part of an appeal in a long-running lawsuit tied to…

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28

Oct

Amazon targets as many as 30,000 corporate job cuts

Amazon is planning to cut as many as 30,000 corporate jobs beginning on Tuesday, as the company pares expenses and compensates for overhiring during the peak demand of the pandemic,…

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28

Oct

Oil edges down as OPEC output plans offset US-China trade optimism

Oil prices edged lower Tuesday as OPEC's plan to raise output offset optimism about a potential U.S.–China trade deal, while investors also weighed how effective sanctions on Russia would be.…

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27

Oct

GO Enters Insurance Sector In Malta With Launch of GO Insure

GO has taken its first step into the insurance sector with the launch of GO Insure, a Home Contents insurance product developed in partnership with Atlas Insurance, one of Malta’s…

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27

Oct

Microsoft introduces new AI character called Mico

Clippy, the animated paper clip that annoyed Microsoft Office users nearly three decades ago, might have just been ahead of its time. Microsoft has introduced a new artificial intelligence (AI)…

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27

Oct

Oil prices rise after US and China reach trade-deal framework

Oil prices rose in early trade on Monday after U.S. and Chinese economic officials sketched out a trade-deal framework, easing fears that tariffs and export curbs between the world's top…

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24

Oct

Oil prices dip after surge, remain on track for weekly gain amid supply fears

Oil prices dipped in early trade on Friday, trimming part of the previous day's surge but remaining on track for a weekly gain, as fresh U.S. sanctions on Russia's two…

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23

Oct

Oil rises 2.5% after US sanctions Russia’s Rosneft, Lukoil

Oil prices jumped around 2.5% on Thursday, extending gains from the previous session, as supply concerns resurfaced after the United States imposed sanctions on major Russian oil suppliers Rosneft and…

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22

Oct

OpenAI launches Atlas browser to compete with Google Chrome

OpenAI introduced its own web browser, Atlas, on Tuesday, putting the ChatGPT maker in direct competition with Google as more internet users rely on artificial intelligence to answer their questions.…

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22

Oct

Oil rises more than 1% on supply risk, US-China trade talks

Oil prices pushed higher for a second day on Wednesday, by more than 1%, buoyed by sanctions-related supply risk and hope of a U.S.-China trade deal while investors also digested…

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22

Oct

Gold extends retreat from record high on profit-booking, trade optimism

Gold prices fell further on Wednesday, weighed down by signs of easing U.S.-China trade tensions and as investors took advantage of bullion's recent record rally to take profits while awaiting…

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21

Oct

Gold takes a breather after record rally

Gold prices fell over 1% on Tuesday as investors booked profits after the metal hit another record high in the previous session, driven by expectations of U.S. interest rate cuts…

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