Business

Oil shipping costs spike, lifting prices from pump to grocery

When the oil supertanker Esteem Explorer sails from the United States to Japan in late November, loaded with about 2 million barrels of crude, the journey will cost $81 million.…

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GO partners with Talexio to expand business services

GO has partnered with workforce management platform Talexio to introduce human resources and payroll tools into its Business Plus proposition, marking a further step in the telecoms group's efforts to…

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GO Publishes GO Trends Q2 2026 Report

GO plc, has released the Q2 2026 edition of GO Trends, its data intelligence report on how international visitors move around the Maltese islands. Building on the full-year 2025 report…

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168 accountants join the ranks of the Malta Institute of Accountants

Accountants have a duty to protect public trust, MIA says The Malta Institute of Accountants (MIA) has welcomed 168 new members, bringing its total membership to just over 4,500 professionals.…

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Over 800 Athletes Already Registered For Żurrieq Half Marathon Events

The 27th edition of the Express Trailers Żurrieq Half Marathon and 10km will take place on Sunday, 15 November, with more than 800 athletes already registered. This marks an increase…

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Corporate Blood Drive Grows as More Companies Join Second Edition

What began last year as a blood donation initiative involving six companies is expanding into a broader corporate effort, with three additional companies joining this year’s edition of The Heartbeat Drive. Organised by Salvo…

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65% of Publicly Listed Company Directors Now Regard AI as a Key Issue Facing Their Boards

Artificial intelligence is rapidly moving up the boardroom agenda, raising an important question for non-executive directors: are boards equipped to oversee the transformation AI is bringing to businesses? This and…

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Express Trailers Seeking Scale Beyond Malta As Logistics Pressures Mount

Three years after taking the helm of Express Trailers as CEO, ETIENNE ATTARD reflects on a period of investment, transformation and growing challenges not only for the company, but for Malta’s transport…

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“Episodes Of Misconduct Confirm The Need For Urgent Regulation” – Chamber of Advocates President

Newly elected Chamber of Advocates President DR LOUIS DE GABRIELE takes over at a time when Malta’s legal profession is facing questions over regulation, professional standards, public confidence, and the balance between…

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Sweden’s Capital-Market Model Offers Lessons For Malta

“Going public does not mean giving up family ownership” Sweden has built one of Europe's most vibrant capital markets. During FinanceMalta’sforthcoming annual conference on the 11 and 12 of November, JIMMY…

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Malta Employers calls for transformational Budget 2027 focused on productivity, competitiveness and quality of life

Malta Employers presented its Pre-Budget Document 2027 to Prime Minister Robert Abela at Castille, calling on Government to deliver a transformational Budget that moves the country away from population-led, consumption-driven…

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Oil jumps as Middle East supply concerns persist amid shipping attacks

Oil prices rose nearly 4% on Thursday on persistent worries about supply from the Middle East amid an increase in attacks on shipping in the Gulf and the Strait of…

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Malta Public Transport announces special services for Birgufest

Malta Public Transport will be operating special and additional services for Birgufest on Saturday, 10 October 2026, including night trips to facilitate access to this cultural and historical event. To…

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Paramount-Warner Bros merger – How the deal could affect you

It has been months in the making but Paramount Skydance has finally completed its $110bn (£82.8bn) merger with Warner Bros Discovery. The deal welds two legacy Hollywood powerhouses, uniting franchises…

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Fewer layoffs, no forced exits: Electrolux revises Italy plan after Rome talks

Appliance maker Electrolux presented a scaled-down restructuring plan for its Italian operations on Monday, cutting the number of planned job losses and relying on voluntary exits, unions and Italy's industry…

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Europe’s electric vehicle sales hit record as cheaper models arrive

Electric vehicle sales in the European Union reached record levels in 2026, driven by a wave of more affordable models as carmakers work to meet EU emissions targets, according to…

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Authentic Brands approaches Mattel in takeover bid that could top $6 billion

Authentic Brands Group has approached Mattel about a takeover that could value the Barbie maker at around $6 billion or more, a source familiar with the matter told Reuters. Authentic…

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Oil falls about 3% on talks over diesel, crude stock releases

Oil prices fell about 3% and European gasoil futures dropped over 5% on Friday after reports ‌of talks on additional diesel and crude stock releases, easing concerns over tight global…

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Malta Institute of Accountants holds 62nd AGM

The Malta Institute of Accountants held its 62nd Annual General Meeting on 24th September 2026 at Villa Arrigo, during which seven of its members were elected to its Council. The…

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Malta Institute of Accountants holds 62nd AGM

The Malta Institute of Accountants held its 62nd Annual General Meeting on 24th September 2026 at Villa Arrigo, during which seven of its members were elected to its Council. The…

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€35 Million A Year: The Rising Cost of Shipping RoRo Trailers To And From Malta

From today, Malta starts facing another major increase in the cost of moving goods to and from Europe, with the combined EU ETS, FuelEU and BAF surcharge set to reach…

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Malta Public Transport announces special services for Notte Bianca

Malta Public Transport will be operating special bus services for Notte Bianca, one the country’s biggest annual arts and culture festivals, being held this Saturday 3 October 2026 in Valletta.…

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Lufthansa CEO says jet fuel hit to top €1.5 billion forecast

Lufthansa's additional jet fuel bill this year will exceed the €1.5 billion it flagged in August as the Iran war drags on and oil prices spike, CEO Carsten Spohr said.…

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Anthropic warns AI may pose ‘existential risks to humanity’

Anthropic plans to caution potential investors in its IPO that advanced AI could pose "catastrophic or existential risks to humanity," an extraordinary warning by a company seeking to profit from…

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Oil prices rise for second session on continued Middle East supply concern

Oil prices rose for a second successive session on Tuesday as lingering concern over Middle East supply disruption brought about by US-Iran conflict outweighed signs of recovering crude exports ‌from…

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Sicilian truckers to halt port freight Oct. 16-20 over fuel costs

A committee of Sicilian truckers has announced a five-day freight stoppage at the island's ports next month. The group says the national government has not answered its request for help…

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UPDATED: Oil gains over 2% as US-Iran peace talks in stalemate

Brent crude oil rebounded more than 2% on Monday after US President Donald Trump ‌rejected a peace deal from Iran to resolve their conflict and reopen the Strait of Hormuz.…

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Surge in Chinese Hybrid-Car Sales Alarms Brussels

Sales of Chinese-made hybrid cars have risen dramatically across the European Union, raising concerns about the competitiveness of Europe's automotive industry. Only 659 Chinese full hybrids were sold in the…

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Royal Caribbean Buys Half of Sandals in $3 Billion Deal

Royal Caribbean has agreed to acquire a 50% stake in Sandals Resorts International for $3 billion, valuing the resort business at $6 billion. The transaction is the cruise operator's largest…

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Greece: Chevron Seismic Research in Ionian Sea, Crete to Start in 2026

Chevron plans to begin seismic research this year in offshore blocks near Greece, the Greek energy ministry said Wednesday. The disclosure came after a meeting in New York between Chevron…

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Malta Public Transport announces special services for Science in the City

Malta Public Transport will operate a special bus service during the Science in the City festival, taking place this Friday 25 and Saturday 26 September 2026 at Triton Square. The…

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Data of 700 European Revolut customers compromised in hack, attackers demand $3m ransom

The public prosecutor's office in Reggio Calabria has opened an investigation into a case involving the banking services company Revolut, founded in London, which is now reportedly being blackmailed. A…

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Wizz Air CEO says it has no interest in airBaltic, other carriers at risk

Wizz Air sees few if any opportunities from airBaltic's bankruptcy and expects a wider shakeout of other European airlines that were unable to hedge against high fuel prices, the budget…

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Ex-Google DeepMind researcher adds to warnings that AI could ‘kill all humans’

A former Google DeepMind employee became the latest AI researcher to warn that the technology could "kill all humans", saying time could be running out to avoid the outcome. Public…

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Ryanair’s O’Leary accuses UK air traffic control boss of lying over outage

Ryanair Chief Executive Michael O'Leary on Thursday accused the head of Britain's air traffic control operator of lying about the cause of an outage that led ‌to thousands of flight…

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Brent holds above $100 as tanker attacks dampen hopes for Hormuz traffic recovery

Oil prices rose on Thursday, extending gains that took Brent over $100 a barrel in the previous session, as traders braced for deeper supply disruptions after Iran and the United…

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AI researcher resigns from Anthropic over fears of losing human control

An Anthropic researcher said he is resigning from the company over concerns the artificial intelligence firm and its competitors are not acting responsibly in AI development, echoing concerns raised inside…

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New high-speed train links Brussels Airport directly to Cologne

A new high-speed train service is linking Brussels Airport directly with the German city of Cologne, reconnecting the airport to the international high-speed rail network for the first time in…

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Brent crude rises above $100 a barrel as Middle East conflict intensifies

Benchmark Brent crude oil futures rose ‌past $100 a barrel on Wednesday, hitting a more than six-week high and breaching the symbolic threshold for the first time since July 24…

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Ship fuel shortage looms as refiners strained by war favour other products

A shortage of fuel oil used in ships and power plants looms in the third quarter as refiners increasingly squeezed by wars that have disrupted both crude processing and tanker…

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Night bus services for ‘Una Notte Con Le Stelle’

Malta Public Transport is encouraging passengers attending Una Notte Con Le Stelle at The Granaries, Floriana, on Saturday 5 September to make use of the regular night bus services operating…

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Volkswagen flags 50,000 job cuts across group as board approves turnaround plan

Volkswagen's supervisory board on Thursday approved a transformation plan that will include cutting another 50,000 jobs in its attempt to counter painful tariffs, overcapacity and aggressive Chinese rivals. The plan,…

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Euro zone overall business growth held steady in August, PMI shows

Growth in the euro zone's dominant services industry slipped to a two-month low in August though solid and broad-based demand kept overall private sector activity on an even keel, a…

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First HEKATECH.HEALTH Conference on Healthcare Innovation

The first edition of HEKATECH.HEALTH 2026, to be held in Malta on November 26, will focus on how health systems can reconcile two increasingly urgent demands: expanding access to new…

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Malta Public Transport launches Back to School Campaign

Malta Public Transport has launched its Back to School campaign, offering eligible students the opportunity to register for a personalised Tallinja card free of charge, including postage, between Tuesday 1…

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Uber to cut 3,300 jobs in management overhaul

Uber Technologies will cut 3,300 jobs, or roughly 10% ‌of its global workforce, as part of an overhaul, as it looks to reduce the number of managers, ⁠the company said…

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LEGO Revenue Reaches Record $6.5bn as Profits Surge

LEGO has reported another strong financial performance, with first-half revenue rising 21% to a record DKK 41.9 billion, equivalent to around $6.54 billion. The Danish toy group said consumer sales…

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Samsung Ordered to Pay $11.6m to Swatch Over Smartwatch Apps

Samsung has been ordered to pay Swatch Group $11.6 million after London’s High Court found that digital watch faces available through its app store infringed trademarks belonging to the Swiss…

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Meta Agrees to Major Changes to Facebook and Instagram in Teen Addiction Settlement

Meta has agreed to make major changes to Facebook and Instagram as part of a settlement ending a landmark US lawsuit over allegations that its platforms were designed to addict…

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French flight attendant’s breast cancer is recognised as occupational disease

A former Air France flight attendant has had her breast cancer recognised as an occupational disease, an unprecedented ruling in the French aviation sector. Now in remission, 59-year-old Sophie Lainault…

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Italy clears Ludoil acquisition of Sicily refinery ISAB

Italy’s competition authority has cleared energy group Ludoil’s acquisition of Sicily-based oil refiner ISAB, paving the way for a local company to control about one-fifth of Italy’s refining capacity. Ludoil…

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French potato crop to shrink by 23% after severe weather

France’s main potato crop is expected to fall 23% this year, or by about 2 million metric tons, after exceptionally hot and dry summer weather, the growers’ group UNPT said.…

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US debt crosses $40 trillion threshold

The United States has crossed a historic fiscal milestone, with total federal debt surpassing $40 trillion for the first time, according to new Treasury data. The figure reflects a decade…

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Oil gains on Middle East supply concerns amid impasse in US-Iran war

Oil prices climbed on Thursday on concerns the impasse in ‌the U.S.-Israeli war against Iran will continue to disrupt supply from the key Middle Eastern producing region and tighten global…

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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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