Business

Oil prices rise 1% as Iran crisis disrupts Middle East supply

Oil prices rose 1% on Wednesday as the U.S.-Israeli war on Iran disrupted Middle East supplies, but the pace of gains slowed from ‌past sessions after President Donald Trump raised…

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World’s money launderers are shifting to crypto

Western governments are being urged to clamp down on cryptocurrency as new research suggests $350 billion has been laundered by criminals and hostile states using the technology in the past…

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Shipping Paralysed in Strait of Hormuz as Insurance Costs and Energy Prices Surge

Global shipping and energy markets are facing mounting disruption as vessels remain stranded near the Strait of Hormuz, a chokepoint that carries around one in five barrels of the world’s…

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Gold retreats as firmer dollar offsets geopolitical safe-haven support

Gold prices eased on Tuesday, pulled back by a stronger dollar, ‌while investors assessed the impact of an escalating U.S. and Israeli air war against Iran. Spot gold was down…

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Oil rises as expanding US-Israel war with Iran heightens supply risks

Brent rose more than $3 on Tuesday for a third day of gains as the widening U.S.-Israeli conflict with Iran and threats to shipping via the ‌Strait of Hormuz heightened…

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Airline ticket prices soar on Asia-Europe routes after Gulf airport closures

The price of flights between Asia and Europe has soared after the closure of key Middle Eastern hubs due to the U.S.-Israel war against Iran, with airline websites showing tickets…

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“Malta’s Grand Harbour RORO Logistics at BreakingPoint; Immediate Action Needed” – ATTO

The Association of Tractor and Trailer Operators (ATTO) has warned that persistentcongestion, limited parking, and clashes with football events are making logistics at theGrand Harbour unsustainable. Despite raising these issues…

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Iran conflict disrupts global shipping as tankers are stranded, damaged

Insurance companies are cancelling war risk coverage for vessels in the Gulf as the widening Iran conflict disrupted shipping, leaving at least four tankers damaged, a seafarer killed and 150…

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Oil surges 8% as Iran conflict disrupts Middle Eastern flows

Oil surged 9% on Monday after retaliatory Iranian attacks disrupted shipping in the crucial Strait of Hormuz following the weekend's bombing by Israel and the United States that killed Iranian…

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Dubai gold flows curbed as flights halted due to US-Israeli strikes on Iran

Physical gold flows to and from Dubai's bullion trading hub will be severely curbed in coming days as airlines cancel flights due to U.S. and Israeli strikes on Iran and…

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Maersk pauses sailings through Suez Canal, Bab el-Mandeb Strait, citing escalating conflict

Danish container shipping group Maersk b will pause sailings through the Bab el-Mandeb Strait and the Suez Canal and reroute ships around the Cape of Good Hope, it said on…

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SOCAR gets EU green light for major Italian petrol bid

A major energy deal between an Italian firm and the state oil company of Azerbaijan (SOCAR) has been confirmed by the European Commission. The EC approved the acquisition of Italiana…

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Singapore Airlines tops global rankings as complaints mount over short-haul services

Low-cost carriers Ryanair and Wizz Air have rejected the results of a consumer survey that placed them among the lowest-rated airlines for customer satisfaction in the UK and beyond. The…

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Binance bets on Greek labour, security for EU growth, co-CEO Teng says

Binance co-CEO Richard Teng on Thursday said Greece's labour force and security profile gave it the edge over larger financial centres when the world's biggest cryptocurrency exchange was selecting a…

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Ita Airways to Allow Pets Up to 30 kg in Cabin on Domestic Flights

ITA Airways will introduce a new service allowing pets weighing up to 30 kilograms to travel in the aircraft cabin on domestic flights, marking a significant expansion of its pet-friendly…

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JDE Peet’s says ‘unprecedented’ coffee bean prices fuel $1.9 billion rise in 2025 costs

Coffee and tea firm JDE Peet's soon to be acquired by Keurig Dr Pepper, said on Tuesday that an "unprecedented" rise in prices of green coffee beans and other items…

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Middle East oil exports push tanker costs to 6-year-high amid threat of US-Iran war

The cost of shipping oil has surged to the highest in six years, fuelled by a wave of crude exports from the Middle East as traders accelerate charters ahead of…

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New US tariffs come in at lower 10% rate

The United States imposed an additional tariff from Tuesday of 10% on all goods not covered by exemptions, a notice issued by U.S. Customs and Border Protection said, the rate…

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Malta’s International Trailer Supply Chain Faces Crisis if EU Rules and Port Plans Ignore Island’s Realities – ATTO

“ATTO is not against plans to regenerate the Grand Harbour but all stakeholders need to engage in focused discussions to ensure guaranteed berths with adequate quay operations that do not…

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FinanceMalta To Shift to Targeted, Quality-Focused Promotion for 2026

FinanceMalta plans to adopt a more targeted, quality-focused promotional strategy in 2026, redirecting resources towards local initiatives and targeted familiarisation visits, Chief Strategy Officer Dr Bernice Buttigieg announced. Speaking at…

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Lufthansa pilots, crew to strike on Thursday

Employees of German flagship carrier Lufthansa have been called to go on a 24-hour strike on Thursday, the VC (Vereinigung Cockpit) union representing pilots and the UFO union of flight attendants…

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Heineken to cut up to 6,000 jobs as beer demand falters

Heinekenon Wednesday said it would cut up to 6,000 jobs from its global workforce and set lower expectations for profit growth in 2026 than a year earlier, as the Dutch…

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ATTO’s 2026 Annual Conference To Address Malta’s Fragility In Europe’s Road Transport Strategy

The Association of Tractor and Trailer Operators (ATTO) is announcing its forthcoming annual conference on the 18th of February themed Europe’s Island Link: Advocating Malta’s Role in the EU’s Transport…

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06

Feb

Danone recalls more infant formula in Europe

Danone is withdrawing batches of infant formula in Austria, Germany and France, the company and an Austrian government food agency said, expanding an industry recall sparked by contamination with the…

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Pandora to switch from silver to platinum over price surge

Jeweller Pandora has said it will switch from using silver in some of its ranges to platinum following a dramatic increase in prices. Silver has seen its price more than…

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Bitcoin rebounds after brushing $60,000 level

Bitcoin bounced from a 16-month low on Friday after testing the key $60,000 level, as a global rout in technology stocks that washed out risky bets across asset classes showed…

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World food prices ease further in January, United Nations’ FAO says

World food prices fell for a fifth straight month in January, led by declines in dairy, sugar and meat products, the United Nations' Food and Agriculture Organization said on Friday.…

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Supply chain chaos becomes aviation’s ‘new norm’ as demand hits records

Years after the pandemic, the aviation industry is still struggling to recover from supply chain disruptions that have been exacerbated by record passenger demand and geopolitical challenges, executives and suppliers…

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Bitcoin dip brings key $70,000 level into view

Bitcoin was on the cusp of breaking below the key $70,000 level on Thursday as a slide in the world's largest cryptocurrency showed no signs of stopping. Bitcoin fell 2%…

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Precious metals, oil slide as global tensions ease; copper down

Prices of commodities, from silver and gold to crude oil and copper, dived on Thursday, as global tensions eased after a telephone call between the leaders of China and the…

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Libya plans to boost gas exports to Europe by 2030

Libya plans to boost its natural gas production in the next five years to have more supply available for export to Europe by early 2030, National Oil Corporation Chairman Massoud…

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Italian unemployment reaches new record low of 5.6% – Istat

Italy’s unemployment rate fell to 5.6% in December, marking the lowest level recorded since the start of comparable data in 2004, according to provisional figures released by the national statistics…

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Vivian’s Long-Term Growth Through Investment in People, Innovation and Partnerships

Vivian continues to widen its portfolio with the announcement of new representation agreements with worldwide R&D pharmaceutical companies. “These latest agreements crown a very successful year for Vivian and consolidates…

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Gold and silver prices plunge after Friday’s losses

Gold and silver prices have continued to fall after a dramatic reversal of a rally that had pushed precious metals to record highs. In Asia trade on Monday, spot gold…

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Copper hits record high as geopolitical risks, weak dollar boost metals

Copper touched a record high on Thursday, as part of a broad metals rally, supported by investors' appetite for physical assets amid geopolitical risks and a weak dollar. The most-active…

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Gold nears $5,600 as investors seek safety; silver targets $120

Gold extended its blistering rally on Thursday to hit a record just shy of $5,600 an ounce, as investors sought safety amid geopolitical and economic uncertainties, while silver came within…

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Oil prices gain 1.5% on increasing concerns of Iran attack

Oil prices rose more than 1.5% in Asian trade, extending gains for a third day on Thursday, on increasing concerns the U.S. may carry out a military attack on key…

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Puma’s long slide: the rise and fall of a German sports icon

Germany's Puma and fierce rival Adidas have their roots in the very same house where brothers Rudolf and Adolf Dassler launched their shoe business a century ago, before a major…

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Libya signs $20bn oil deals with US and French energy companies

Libya’s Tripoli-based government signed a 25-year oil development agreement with France's TotalEnergies and the US’s ConocoPhillips that could more than double the output of its Waha Oil company. Waha, a…

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Oil prices rise as US supply worries linger after winter storm

Oil prices gained further ground on Wednesday as supply concerns lingered after a winter storm disrupted U.S. crude output and exports, while Middle East tensions lent additional support. Brent crude…

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Gold’s blistering rally continues past $5,200 as dollar plunges to 4-year low

Gold broke through $5,200 for the first time on Wednesday, after rising more than 3% on Tuesday, as ‌the dollar plunged to a near four-year low amid persisting geopolitical concerns,…

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Majority of employers say ESG must be integrated into core business strategy

Employers are increasingly realising the benefits of incorporating environmental, social and governance (ESG) considerations into their business strategies as opposed to treating ESG as a compliance-driven exercise, according to insights…

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Microsoft Secures Planning Approval for Large-Scale Amsterdam Data Centre

A massive new data centre planned for Amsterdam’s western port area will be rented entirely by Microsoft and use as much energy as the city of Haarlem, according to research…

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Europe must overhaul rules or risk economic decline, banking group warns

Europe's economy risks falling further behind other regions unless the European ‌Union overhauls regulation that is undermining banks' ability to lend, the European Banking Federation has warned. The current situation…

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China’s Anta Sports buys 29% Puma stake for $1.8 billion, rules out full takeover

China's biggest sportswear brand Anta Sports Products said on Tuesday it would buy a 29.06% stake in Puma from the Pinault family for 1.5 billion euros ($1.8 billion), ‌making it…

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Gold, silver rise to near record highs on safe-haven demand

Gold rose on Tuesday, after ‌breaking through the $5,100 mark for the first time in the previous session, as safe-haven demand lingered amid geopolitical uncertainty, while silver also hovered near…

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Oil slips even as US winter storm curbs crude output

Oil prices fell on Tuesday even as a massive winter storm hit crude production and affected refineries on the U.S. Gulf Coast. Brent crude futures fell 28 cents, ‌or 0.4%,…

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26

Jan