Business

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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Oil prices rise as fragile US-Iran talks sustain supply worries

Oil prices rose nearly 1% on Tuesday as talks ‌to end the U.S.-Israeli war on Iran appeared fragile, with Tehran's response to a Washington proposal highlighting stark differences that have…

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Chevron expands Mediterranean activities with exploration offshore Malta

Chevron will begin exploring for oil and gas in waters south of Malta, marking a significant step for the Mediterranean island nation, which has no active hydrocarbon production and has…

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Airbnb, Expedia flag demand hit as Middle East conflict drags on

Airbnb and Expedia joined a growing list of travel companies warning that the Middle East conflict is weighing on demand, as hostilities in the region enter their third month. Both…

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Emirates unveils UAE flag livery on Airbus A380

Emirates has unveiled a new special livery featuring the UAE flag across the fuselage of one of its iconic Airbus A380 aircraft, in a tribute to national unity and pride.…

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Oil prices jump on renewed US-Iran hostilities

Oil prices rose about 1% on Friday after renewed fighting broke out between the U.S. and Iran, threatening a shaky ceasefire and dashing hopes ‌for progress on a reopening of…

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Studjurban Gets Architizer A+ Awards Special Mention For Birgu Pjazza Project

The regeneration project of Birgu’s main square by Studjurban completed last year, gained further international attention with a Special Mention award at the internationally recognised Architizer A+ Awards, placing it…

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Oil prices rise as investors weigh Middle East peace prospects

Oil prices rose over $1 on Thursday, rebounding from the previous day's sharp losses, as investors weighed ‌the prospects of a Middle East peace deal succeeding. Brent crude futures were…

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Malta Public Transport introduces new digital signage system in key transport hubs

Malta Public Transport has launched a new digital signage system across key transport hubs in Malta and Gozo, providing passengers with real-time travel information. The system has been introduced in…

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Crypto exchange Coinbase to cut about 14% of workforce

Coinbase said on Tuesday it will cut about 700 ‌jobs, or about 14% of its global workforce, as part of a restructuring plan aimed at ⁠reducing costs and repositioning the…

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STMicro targets more than $3 billion in space chip revenue as demand grows

STMicroelectronics is ‌targeting well above $3 billion in cumulative revenue for its semiconductor space business from 2026 to 2028, it said on Monday, helped by surging demand for chips used…

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Meta to expand teen safeguards to 27 EU countries, Facebook safeguards in June

Meta Platforms will expand technology safeguards for teen accounts to 27 European Union countries and ‌to Facebook in the United States, the U.S. tech giant said , as it seeks…

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German firms hit by fallout from Iran war

German companies have been feeling the impact of the Iran war, especially in their Middle East operations, a survey has shown. The downturn is most pronounced among firms active in…

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Oil eases on signs US is loosening Iranian closure of Strait of Hormuz

Oil prices eased more than 1% on Tuesday after climbing by as much as 6% in the previous session on ‌signs the U.S. Navy is loosening Iran's grip on the…

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Unilever to hike prices as Iran war drives up costs

Unilever said on Thursday it would raise prices to soften the hit from higher-than-expected costs driven by the Iran war, even ‌as it reported first-quarter underlying sales growth ahead of…

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Brent oil rises 7% on report US considering military options to break Iran deadlock

Brent oil prices rose as much as 7% on Thursday on a report the U.S. is considering potential military action against Iran to break the deadlock ‌in negotiations to end…

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End of an Era: SWISS airlines to Scrap Inflight Duty-Free Shopping

Swiss International Air Lines (SWISS) will end duty-free sales on board its flights, marking the close of a long-standing retail practice in commercial aviation as the carrier adjusts to changing…

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UAE exit weakens OPEC+ power over oil market but group to stay together

OPEC and its allies will lose some of their power over the oil market when the United Arab Emirates leaves the group on May 1, but the rest of the…

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Lufthansa Unveils ‘Economy Basic’ With Europe’s Smallest Cabin Bag Allowance

fthansa is introducing a new “Economy Basic” fare that offers Europe’s smallest free cabin‑bag allowance as the airline seeks to compete more aggressively with low‑cost carriers. The fare, available on…

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Malta Public Transport announces extended services for final night of Fireworks Festival

Malta Public Transport will be operating extended late-night services on the final night of the Malta International Fireworks Festival, scheduled for Thursday 30th April, ensuring spectators can return home safely…

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Regional Shipping Networks gain as Global Trade routes realign

Global trade disruption and realignment are transforming the Red Sea Corridor into a pivotal hub for resilient supply chains, highlighting the importance of investment in infrastructure, technology and localisation to…

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Oil prices rise 1% as no end to Iran war stand-off seems in sight

Oil prices rose 1% on Tuesday, extending gains from the previous session, ‌as efforts to end the U.S.-Iran war appear stalled, with the crucial Strait of Hormuz waterway still mainly…

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Porsche, under pressure to cut costs, divests from iconic Italian sportscar maker Bugatti

Porsche has agreed to sell its stakes in sportscar makers Bugatti and Rimac to a consortium led by a U.S. fund ‌co-founded by a scion of Egypt's billionaire Sawiris family,…

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Greece to be overtaken by Italy as euro zone’s most indebted country in 2026

Greece will no longer be the euro zone's most indebted country by the end of this year, with its public debt set ‌to fall below Italy's, according to sources and…

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Gold set for weekly drop as higher oil prices stoke inflation fears

Gold prices fell on Friday and were on ‌track for a weekly drop, as elevated oil prices fuelled fears of inflation and higher-for-longer interest rates amid stalled U.S.-Iran peace talks.…

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Italian icon Vespa turns 80

A seemingly routine patent filed in Florence would go on to redefine two-wheeled mobility. What began as an engineering solution soon developed into a wider cultural shift, driven by the…

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Global Wealth Rankings 2026: Malta Holds Firm in European Prosperity Index

A new global analysis by HelloSafe has mapped out the richest countries in the world for 2026 using its Global Prosperity Index, a ranking that goes beyond GDP to measure…

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Microsoft bets big on AI in Australia with $18 billion investment

Microsoft ( said on Thursday that it will invest A$25 billion ($17.9 billion) in Australia by ‌the end of 2029 to boost computing and artificial intelligence capacity, betting on growing…

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Oil gains on lack of progress on US-Iran talks, Hormuz shipping still disrupted

Oil prices extended their gains on Thursday in ‌the wake of stalled peace talks between Iran and the United States, and as both nations maintained restrictions on the flow of…

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Iran war fuel hike adds $100 to long-haul flight cost, study says

Disruption to global oil supplies from the Iran war has added more than $100 to the price of long-haul flights from Europe, a cost likely to trigger higher ticket prices,…

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Lufthansa axes 20,000 ‘unprofitable’ flights to save jet fuel

Lufthansa is ending 20,000 short-haul routes across its network through October to achieve “jet fuel savings of more than 40,000 metric tons,” the airline announced. Jet fuel costs have “doubled…

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Gold rises as oil weakens after US extends ceasefire with Iran

Gold prices firmed on Wednesday as lower oil prices, following a ‌U.S. extension of a ceasefire with Iran, eased fears of an inflation spike and prolonged high interest rates. Spot…

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Tim Cook to step down as Apple CEO, John Ternus to take over

Apple announced that after more than a decade as chief executive, Tim Cook will step down in September. Cook will hand leadership to company veteran John Ternus, currently Apple's senior…

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Oil falls on expectations US-Iran talks likely to proceed, opening supply

Oil prices fell on Tuesday, reversing gains in the previous session, on ‌expectations peace talks between the U.S. and Iran will take place this week and allow more supply to…

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How countries have responded to rising oil prices

The war in Iran and the effective closure of the Strait of Hormuz - through which around 20% of the world's oil and natural gas flows - hasseen rising fuel…

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Oil rises 5% on renewed US-Iran tension

Oil prices jumped more than 5% on Monday, on fears that the ceasefire between the United States and Iran could collapse ‌after the U.S. seized an Iranian cargo ship, while…

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From Malta to the Cosmos: AI Project Tackles Space Mysteries

Nowadays Artificial Intelligence (AI) isn't just for chatbots or robot vacuums anymore, it's powering humanity’s quest to decode the universe's deepest secrets. Researchers at Malta College of Science, Arts and…

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Malta Public Transport to Provide Extra Trips for Nadur Fireworks Display

Malta Public Transport announces that it will be operating two additional evening trips between Mġarr and Nadur in Gozo on Saturday 18 April 2026 to facilitate passenger travel following the…

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Airlines cancel flights, ground planes as jet fuel shock hits Europe

The jet fuel crisis caused by the closure of the Strait of Hormuz is forcing major European airlines to cut flights and ground planes amid a looming supply crunch. International…

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Spain and Portugal see surge in tourist bookings amid Middle East travel concerns

Spain and Portugal are experiencing a surge in late spring and summer flight and hotel bookings as millions of travellers steer away from ‌war-affected destinations and hubs in and around…

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Iran war brings US close to net crude exporter for first time since World War Two

The U.S. nearly turned into a net crude exporter last week for the first time since World War Two as shipments surged close to a record high to meet demand…

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