Business

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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Bread and pasta prices face fresh pressure from war and extreme heat

Global food prices are expected to increase by 11.8% this year and by 4.8% in 2027, with the most severe impact expected to be on crops — grains, fruit and…

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Why states fought to present a united case against Meta over youth social media harms

As opening statements get underway in a landmark trial over claims that Meta Platforms misled the public about the safety of Instagram and Facebook for young users and violated child…

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Oil extends climb on prolonged Hormuz export uncertainty

Oil prices climbed for a fourth straight day on Wednesday as investors weighed conflicting messages from Tehran and Washington on ‌whether the Strait of Hormuz is open to ships. Brent…

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England moves to protect pubs as Wetherspoons cracks down on loud phone use

England is moving to strengthen protections for pubs while one of the country's largest pub chains is taking action against another source of customer frustration: excessive smartphone noise. Wetherspoons has…

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Lamborghini Marks Miura’s 60th Anniversary With Record Monterey Car Week Gathering

Automobili Lamborghini celebrated its heritage and latest performance technology during Monterey Car Week 2026, bringing together a record collection of historic Miuras alongside its newest hybrid models. At the Pebble…

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Binance Gave Russia Client Data Used to Target Ukraine Donor

Binance last year handed Russian authorities details of cryptocurrency donations to Ukrainian fundraising campaigns that were used as evidence to bring terrorism financing charges against a Russian IT specialist, law…

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Growing number of young people in Germany not in work or training

The number of 20 to 24-year-olds in Germany who were neither employed nor doing training or studies rose to 10% in 2025 as part of a continuing trend, new figures have shown. In…

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Oil struggles for direction as US-Iran talks stall, Hormuz shipping slows

Oil prices gave up early gains on Monday as stalled U.S.-Iran talks revived concerns over prolonged Middle East tensions, but the absence of major supply outages limited upside. Brent crude…

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Shipping slows through Strait of Hormuz after tanker attacks

Shipping through the Strait of Hormuz slowed over the weekend, data showed on Monday, following attacks on tankers, while U.S.-Iran talks to resolve the Middle East ‌conflict stalled. Five commodity…

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Italy fines businesses after water safety violations found in nationwide sweep

More than half of the inspections carried out at bars and restaurants across Italy last month found irregularities involving the bottling and serving of treated water, Italy’s NAS Carabinieri health…

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Oil steadies after US threatens indefinite blockade of Iran

Oil prices inched up on Friday after the United States threatened an indefinite naval blockade of Iran, reviving concerns about supply of crude after the previous session's fall on a…

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Air India to test all pilots for banned substances

Air India is to test all of its pilots for banned substances, starting immediately. It comes after an incident last week in which its Phuket to Delhi flight suddenly lost…

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Bird remains found aboard 737 engine from Ryanair Greek incident

Bird remains were found in the engine of a Ryanair Boeing 737 NG plane where a passenger was partially sucked through a broken window shortly after takeoff from Greece in…

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Ireland introduces new anti-money laundering rules target gambling industry

New anti-money laundering rules are set to be introduced in Ireland as part of a wide-reaching nationwide crackdown. The Irish Government is aiming to target attempts by criminal gangs and…

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UK economy gains from Gulf ceasefire, World Cup and sunshine

Britain's economy unexpectedly grew in June as companies enjoyed a respite from the energy price surge caused ‌by the Iran war, the start of the men's soccer World Cup and…

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Oil drops on lower demand forecasts despite deadlock in US-Iran talks

Oil prices fell more than $1 on Thursday as forecasters lowered global oil demand projections for 2026 because of the disruptions from the U.S.-Israeli war on Iran, though the supply…

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UK’s Revolut gets French bank licence in European expansion drive

Britain's Revolut announced it had secured a French banking licence, marking a significant step in the fintech's European expansion plans and a development its CEO Nik Storonsky has previously said…

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Norway wealth fund posts record $184 bln profit in first half of 2026

Norway's $2.3 trillion sovereign wealth fund, the world's largest, posted a record profit of 1.75 trillion Norwegian crowns (€159.7 billion) for the first half of the year, lifted by technology…

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Oil, gold prices rise as geopolitical tensions mount before CPI

Oil and gold prices climbed while regional shares edged nervously higher on Wednesday as geopolitical tensions ratcheted up ahead of key U.S. inflation data. The yen was mostly flat against…

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Italy’s Federcarrozzieri says scorching temperatures can severely damage cars and onboard electronics

Extreme heat can become a serious threat to automobiles, with potential damage to multiple vehicle components reaching as much as 16,400 euros ($18,000) per car, according to Federcarrozzieri, the Italian…

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Oil prices rise, Asia stocks drift amid US-Iran stalemate

Oil prices rose on Tuesday as negotiations between the U.S. and Iran over a peace deal and the reopening of the Strait of Hormuz hit an impasse, while Asian shares…

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ETS and ETS 2 Threatens To Make Malta’s Connectivity To Europe Unaffordable

By Joseph Bugeja, Chairman of ATTO Malta’s logistics operators and consumers are already experiencing the economic impact of the European Union’s Emissions Trading System (ETS). The result is straightforward: higher…

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Disney and TikTok strike content-sharing deal with short-form videos to be added to Disney+

TikTok videos are coming to Disney+, meaning that Spider-Man and Moana are about to become TikTok stars. Officially. The tech giant and the entertainment behemoth have inked what they are…

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Oil gains as investors cautious over Iran-Oman talk progress

Oil prices rose on Thursday ‌as investors remained cautious on the outcome of Iran-Oman talks and whether they will restore flows via the Strait of Hormuz, while reports of attacks…

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Malta Employers calls for long-term infrastructure planning to safeguard competitiveness

Malta Employers has reiterated its call for a coordinated, long-term approach to infrastructure planning, stressing that the recent electricity outages should be viewed as part of broader structural challenges facing…

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Pfizer Betting on AI’s Promise in Drug Discovery

Artificial intelligence has already transformed industries such as finance and education, but one of its most important tests may come in medicine: discovering new drugs. Pharmaceutical giant Pfizer recently signed…

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Oil extends declines as investors await outcome of US-Iran talks

Oil extended declines on Wednesday after steep falls in the previous two trading sessions, as investors waited to see if efforts to end the Iran war and restore traffic through…

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Higher fuel costs and strikes push Brussels Airlines deeper into the red

Brussels Airlines reported a wider adjusted operating loss in the first six months of the year and said it would no longer add two Airbus A330 aircraft to its fleet…

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