Business

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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GO Introduces Giga-Speed Internet as Standard for Maltese Businesses

In line with its mission to drive a truly digital Malta, GO plc is making giga-speed internet the entry point for all business customers, with six months completely free for…

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IMF says damage to world economy is already done

The International Monetary Fund cut its growth outlook due to Middle East war-driven energy price spikes but said the world was already drifting toward a more adverse scenario with much-weaker…

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What Talexio’s “Employee Approved Workplace” Certification Reveals About Workplace Culture in Malta

“A company’s workplace culture praised by management, needs to be taken with caution. But when the recognition comes directly from employees, that carries greater weight,” says JONATHAN CAMILLERI, Head of HR at KONNEKTTALEXIO. Earlier this month, KonnektTalexio awarded 14 organisations with the…

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EP Approves Stronger Rules For Managing Failing Banks Across Bloc

EU lawmakers have approved new rules aimed at strengthening how failing banks are managed, extending protections to a wider range of institutions and depositors across the bloc. The proposed framework…

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Malta’s growing maturity as an EU domicile drives insurance expertise and attracts global players

“Malta’s maturity as an EU domicile is fostering excellence and high-level technical expertise, reinforced by the presence of several reputable multinational brands that have chosen to establish their captive insurance…

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EU Plans New Category to Prevent Regulatory ‘Cliff Edge’ for Expanding Companies

EU lawmakers have moved to introduce new rules aimed at boosting the competitiveness of so-called “small mid-cap” (SMC) companies, as part of wider efforts to prevent firms from facing sharp…

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Law in the Time of Chaos and Conflict: The Jeffrey Epstein Case

At the current time, writing about mundane points of law can prove difficult and frustrating. What can one legitimately write about? Who really cares about recent legal and corporate questions,…

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40% of Businesses Never Reopen After a Disaster

“Economic volatility has become the norm and the disruption that businesses can find themselves facing is no longer a rarity but an inevitable operational hazard,” says By MARK SPITERI, General Manager of Antes Insurance Brokers. Recent…

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55% of EU Workers Exposed to Climate Risks

Around 55% of workers across the European Union are exposed to climate-related risks such as extreme heat, air pollution, and UV radiation, according to figures published by the EU Parliament. Work-related accidents…

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EU warned of ‘double whammy’ risk from markets and private credit

The global economy could face a “double whammy” if market volatility coincides with mounting risks in private credit, a top financial stability official warned EU lawmakers. Speaking to the European…

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Europe on Brink of Aviation Fuel Shortfall

Europe's airport industry group has warned that the continent could face a systemic jet fuel shortage in three weeks unless the Strait of Hormuz opens up, calling for urgent ‌EU-wide…

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Fred Perry Accelerates Retail Expansion and Sustains Profitability in 2026

British heritage fashion brand Fred Perry is pushing forward with strategic retail growth and maintaining profitability amid a challenging global apparel market. The company recently reopened a high‑profile presence in London with…

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IMF warns of lasting economic damage from Iran war

The IMF is set to cut its global growth outlook, warning that the Middle East conflict will leave lasting economic scars even under the most favourable scenario. Managing director Kristalina…

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JPMorgan to build Canary Wharf’s tallest tower

JPMorgan Chase has received approval to build a 265-metre office tower at Canary Wharf, set to become the tallest building in the area. The new headquarters will exceed the height…

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Hapag-Lloyd estimates extra weekly costs from Iran crisis at $50 mln–60 mln

Hapag-Lloyd CEO Rolf Habben Jansen on Wednesday ‌estimated the additional costs from the Middle East crisis at $50 million to $60 ⁠million a week and warned that the German company…

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IATA warns replenishing jet fuel supplies could take months even if Hormuz reopened

The head of a body representing global airlines warned on Wednesday it would take months for jet fuel supply to recover even if Iran reopened the Strait ‌of Hormuz, given…

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More than 15 countries planning to facilitate Strait of Hormuz access

French President Emmanuel Macron said about 15 countries were planning to facilitate ‌the resumption of traffic through the Strait of Hormuz, through which a fifth of the world's oil supply…

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Euro zone growth slows to nine-month low on surging costs, PMI shows

The euro zone's private sector expansion weakened sharply in March as the Middle East war drove up energy costs and disrupted supply chains, with overall demand - a key gauge…

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Hormuz closure divides the fortunes of Middle Eastern oil states

The Strait of Hormuz's closure and the resulting surge in global oil prices have handed financial windfalls to Iran, Oman and Saudi Arabia, while other states that lack alternative shipment…

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Shipping’s Next Crisis Could Be a Shortage of Crew, Not Cargo

Mark O’Neil, chief executive of Columbia Group, has warned that mounting geopolitical and logistical pressures could push the global shipping industry towards a serious shortage of seafarers. He argues that…

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ECB’s Stournaras says euro zone monetary policy will depend on size of energy disruption

European Central Bank policymaker Yannis Stournaras said on Monday that ‌the appropriate euro zone monetary policy will depend on the size and nature of energy supply disruption from the Iran…

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Malta Public Transport announces Special Services for San Girgor Feast and Festa Frawli

Malta Public Transport will be operating special services to facilitate travel for passengers attending the upcoming San Girgor Feast in Marsaxlokk and Festa Frawli in Mġarr, ensuring convenient connections to…

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Why does chocolate cost so much this Easter, when cocoa’s price is at a 3‑year low?

By Vinh Thai, Professor of Logistics and Supply Chain Management, School of Accounting, Information Systems and Supply Chain, RMIT University An Easter bunny for $10. A box of 20 hollow…

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Malta Public Transport Announces New Night Routes

Malta Public Transport announces a series of enhancements to its Night Bus network, aimed at improving service frequency and connectivity for its passengers. These changes, which include the introduction of…

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ATTO Takes Combined Transport Directive Issue to European Parliament

ATTO brought the pressing issue of the Combined Transport Directive directly to the European Parliament in Brussels on the 18th of March engaging in a series of high-level discussions ahead…

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Factory input costs soar worldwide as Iran war snarls up supply chains

Factories across the world faced soaring input costs and supply chain disruptions in March due to the Iran war as underlying tepid demand threatened to undermine the manufacturing sector's fragile…

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Switzerland proposes wine import restrictions amid protectionism debate

Switzerland is considering a new plan to restrict wine imports, under a proposal from President Guy Parmelin, a trained winemaker with a family vineyard near Lake Geneva. The initiative would…

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Nike warns of revenue decline in 2026 amid global disruptions

Nike has signaled that revenues could fall in 2026, raising concerns about its ongoing corporate turnaround and prompting an 8.9 per cent drop in shares during after-hours trading on Tuesday.…

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Klikk Reports Revenue Growth As GO Backs Long-Term Investment In Customer Experience

KLIKK, GO plc’s electronics and hardware retail arm, has reported continued revenue growth as the company deepens its investment in service infrastructure, workforce capability and customer experience initiatives aimed at…

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Easter Treats Get Pricier in Italy as Chocolate Eggs See Sharp Increases

Traditional Easter products in Italy are becoming noticeably more expensive this year, with chocolate eggs recording significant price increases while the classic “colomba” cake remains relatively stable. According to a…

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Malta Public Transport announces shuttle services for Puttinu Cares Good Friday Walk

Malta Public Transport will be operating a series of dedicated shuttle services on Thursday 2 April 2026 to support participants taking part in the traditional Puttinu Cares Good Friday Marathon.…

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Lamborghini Miura: Born Incomparable

In 2026, the Automobili Lamborghini Museum celebrates a landmark 60th anniversary of the Lamborghini Miura with the exhibition “Born Incomparable”, which runs from March 18, 2026 to January 2027. The…

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Airlines face fare dilemma as fuel spike threatens travel demand

Global airlines have begun to hike fares and cut capacity to cope with the sudden surge in the oil price, but the industry's ability to remain profitable may depend on…

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Malta Employers Call for Electoral Proposals that Drive Sustainable National Growth

Malta Employers President Ivan Refalo has called for responsible policymaking and a stronger focus on competitiveness amid rising global uncertainty and labour market pressures. Referring to a possible general election…

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Strait of Hormuz Closure Drives Oil Bets Toward $150 a Barrel

Traders are increasingly betting that Brent crude could surge to $150 a barrel by the end of April as the ongoing conflict in the Middle East continues to restrict oil…

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Oil price drops further as Iran says ‘non-hostile vessels’ can pass Hormuz

Oil prices fell sharply after US President Donald Trump said negotiations to end the conflict were making progress, while Iran signalled that “non-hostile” vessels could be allowed passage through the…

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Euro zone growth nearly stalls as Middle East war fuels inflation surge, PMI shows

Euro zone private sector growth slowed sharply in March as the Middle East war drove input costs to their highest in more than three years and triggered the worst supply…

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Poste Italiane Launches €10.8 Billion Takeover Bid for TIM

State-controlled postal and financial services giant Poste Italiane announced on Sunday a €10.8 billion cash and share bid to take over Italian telecommunications group TIM. Already the largest shareholder in…

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Is coffee the new cocoa? Some expect coffee prices to also crash

Some coffee industry experts have been drawing comparisons between the coffee and cocoa markets, projecting that coffee prices will sink in coming months, just as cocoa prices crashed after the…

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Which economies will hurt most from the Iran war?

Any prolongation of the Iran war risks creating an unprecedented crisis in energy supplies that sooner or later will hit every corner of the global economy. But it is already…

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Malta Public Transport Announces Additional Services for Malta vs Luxembourg Play-Off

Malta Public Transport will be operating a series of extra trips and direct bus services towa-rds and back from Ta’ Qali on Thursday 26th March 2026 for the highly anticipated…

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War in Iran threatens fresh food-price shock across developing world

Disrupted fertiliser shipments and soaring energy prices from the war in Iran are threatening to unleash a fresh food-price surge across vulnerable nations, risking a years-long setback just as many…

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Oil jumps above $115/bbl after attacks on Mideast energy assets multiply

Oil prices jumped on Thursday, with benchmark Brent rising to its highest in more than a week to more than $115 a barrel, after Iran ‌attacked energy facilities across the…

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SAS to cancel 1,000 flights in April after jet fuel price doubles in 10 days

Scandinavian airline SAS has said that it will cancel at least a thousand flights in April after the conflict in the Middle East sent fuel prices surging. "The price of…

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Airlines cancel more flights as Middle East conflict escalates

Global air travel remains severely disrupted after the war in Iran forced the closure of key Middle Eastern hubs including Dubai, Doha and Abu Dhabi, stranding tens of thousands of…

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