Business

09

Oct

Malta Attracts Prestigious Hospitality Brand Novotel

Malta has strengthened its appeal to international tourism with the opening of Novotel Malta Sliema, the island’s first property from the globally recognised Accor brand. The 293-room hotel marks a…

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Harvard medical school licenses consumer health content to Microsoft

Harvard University said that its graduate medical school has entered a licensing agreement with Microsoft, granting the tech company access to its consumer health content on specific diseases and wellness…

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Oil eases as Gaza ceasefire cools risk premium

Oil prices fell on Thursday after Israel and Hamas agreed to the first phase of a plan to end the war in Gaza, easing geopolitical tension in the Middle East,…

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European small businesses are rushing into AI without basic digital tools

Most European small and mid-sized enterprises are prioritizing artificial intelligence systems over basic digital tools across their businesses, losing ground to bigger firms investing in core digital systems, a study…

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Italian Consumer Spending Holds Steady, But One in Three Families Cut Food Budgets – Istat

Italian household spending remained broadly stable in 2024, but a significant share of families tightened their belts on food and beverages, the national statistics agency Istat reported. According to the…

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Oil rises as oversupply fear eases after OPEC+ restrains output increase

Oil prices rose on Wednesday as investors brushed off oversupply fears, having digested a decision earlier by OPEC+ to restrain production increases next month. Brent crude futures rose 48 cents,…

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Gold builds on historic rally, soars past $4,000 an ounce for first time

Gold pushed through $4,000 an ounce to hit a record on Wednesday, driven by investors seeking safety from mounting economic and geopolitical uncertainty, alongside expectations of further interest rate cuts…

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Gold set to become Australia’s second-biggest resource earner

Australia said on Tuesday it expected gold to become its second most valuable resource export after iron ore this financial year, dislodging liquefied natural gas, as concerns over geopolitical instability…

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Airbus A320 ousts Boeing 737 as most-delivered jet in history

Europe's Airbus broke a major commercial barrier on Tuesday when its A320 family of planes overtook the Boeing737 to become the most-delivered jetliner in history. Boeing's decades-old record fell as…

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Oil steady as market chews over OPEC+ output hike, supply glut fear

Oil prices were steady on Tuesday, with sentiment toward a smaller-than-anticipated OPEC+ output hike dulled by weakening global demand and the potential for a supply glut. Brent crude futures gained…

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European companies cut jobs in response to slowing economy

Several European companies have frozen hiring or cut jobs this year, citing difficult economic conditions exacerbated by U.S. tariffs. Here are some of the companies that announced layoffs: CAR AND…

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Apple and Samsung users could be due share of £480m payout

Nearly 30 million people in the UK who bought an Apple or Samsung smartphone between 2015 and 2024 may be entitled to about £17 if the consumer campaign group Which?…

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Oil prices jump 1.5% after lower-than-expected OPEC+ output hike

Oil prices rose around 1.5% on Monday after OPEC+ announced a more modest monthly increase in production than expected, tempering some concerns about supply additions, though analysts expect near-term gains…

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The Other Africa

By Tonio Galea, Senior Editor, The Dispatch - CDE News When most people hear "Africa" in the news, it’s usually in the context of crisis: migrant boats capsizing in the…

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GO Introduces Malta’s First Wi-Fi Calling Service

GO plc has become the first Maltese telecoms operator to launch Voice over Wi-Fi (VoWiFi), commonly known as Wi-Fi Calling. The technology, formally known as Voice over Wi-Fi (VoWiFi), follows…

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The EU Pay Transparency Directive: “An Opportunity for HR to Lead Meaningful Change”

By Joanne Bondin, Director at misco The adoption of the EU Pay Transparency Directive marks a pivotal moment across Europe, including Malta, reinforcing the long-standing Maltese principle of equal pay…

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Malta’s New Bridge To Japan: “When We See High Standards, That Is When You Win Our Trust”

Last month, Malta signed an MoU with Japan’s fintech industry, an important milestone is stepping up efforts to secure a coveted double taxation agreement. The Corporate Times met TADAHIKO YAMAGUCHI,…

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FinanceMalta Signs MoU On Fintech With Japan As Talks Advance On Double Tax Deal

During this week’s current trade mission in Japan, FinanceMalta signed a memorandum of understanding (MoU) with the Fintech Association of Japan, marking a major step in deepening financial ties between…

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Cugó Gran Collection Celebrates 10 Years of Excellence in Heritage Luxury

This year, the Cugó Gran Collection is proudly celebrating its 10th anniversary, marking a decade of redefining heritage luxury through authenticity, elegance, and an uncompromising dedication to excellence. Since opening…

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“APS Is No Longer A Secondary Option”

APS Bank chief on shifting ownership, digitalisation and why investor appetite remains strong Two weeks ago, APS Bank launched a rights issue to raise €45 million in fresh equity, accelerating…

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EU Looking At Reviving Decades-Old Idea Of Euro-Med Free Trade Area

Several European Union countries are advocating for the elimination of trade barriers with select Mediterranean partners, aiming to foster deeper economic integration through the upcoming Pact for the Mediterranean. This…

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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, the popular cultural event being held on Saturday 4 October 2025 in Valletta. Notte Bianca transforms Valletta into…

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Oil on track for steepest weekly drop in 3-1/2 months

Oil prices rose on Friday after four straight sessions of declines but were on track for their steepest weekly fall since late June due to market expectations that the OPEC+…

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Ryanair Boss Advocates Shoot-Down Powers for Disruptive Drones in Europe

Ryanair CEO Michael O’Leary slammed the EU for failing to protect European airports and said unauthorized drones disrupting air traffic should be shot down. On Wednesday, European Union leaders met…

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For the First Time in 133 Years, Maxwell House Rebrands as “Maxwell Apartment”

American coffee brand Maxwell House has announced plans to rebrand to Maxwell Apartment to meet the needs of the everyday consumer. Owned by the North America division of the Kraft Heinz…

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Oil rises on Russia sanctions fears after 3-day losing streak

Oil prices rose on Thursday after losses in previous three sessions due to market oversupply concerns, as the potential for tighter sanctions on Russian crude lent some support. Brent crude…

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Oil steadies as investors weigh OPEC+ output hike against US crude inventories

Oil prices steadied in early trade on Wednesday after two consecutive days of losses as investors weighed potential OPEC+ plans for a larger output hike next month against the prospect…

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Lufthansa faces potential strike after pilots vote for industrial action

Germany's Lufthansa could face a strike at its main airline after pilots' union VC said on Tuesday its members had voted in favour of a walkout in a dispute over…

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Oil dips as OPEC+ plan stokes supply-surplus concerns

Oil prices fell on Tuesday as another anticipated production increase by OPEC+ and the resumption of oil exports from Iraq's Kurdistan region via Turkey reinforced the outlook for a looming…

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Lufthansa to shed 4,000 jobs

Germany's national carrier Lufthansa confirmed reports that it intends to cut 4,000 administrative positions by 2030. The company said it would use artificial intelligence (AI), digitalization and efficiency savings among…

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Focal Maritime To Consolidate Under One Group

Focal Maritime Services will, this coming November, consolidate all its businesses under a single unified brand, Focal Logistics Group, as it seeks to strengthen its position in the maritime and…

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Oil slips as Kurdistan crude exports resume, OPEC+ plans output hike

Oil prices fell on Monday after Iraq's Kurdistan region resumed crude oil exports via Turkey over the weekend and as OPEC+ plans another oil output hike in November, adding to…

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Students can register for their Tallinja Card for Free!

With the new scholastic year just around the corner, Malta Public Transport is encouraging students to embrace a greener and more efficient way to get to school: travelling by bus.…

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Trump Slaps New US Tariffs on Drugs, Trucks and Furniture as World Comes to Terms with Decision

U.S. President Donald Trump on Thursday unveiled sweeping new import tariffs, including 100% duties on branded drugs and 25% levies on heavy-duty trucks, set to come into force next week.…

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Microsoft cuts off some services used by Israeli military unit

Microsoft has cut off some services to a unit of Israel's Ministry of Defence after an investigation found its technology had been used to conduct mass surveillance on people in…

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Oil set for biggest weekly gain in three months as Russia cuts fuel exports

Oil prices edged up on Friday, on track to rise at their steepest rate since early June as Ukraine's attacks on Russia's energy infrastructure push Moscow to restrict fuel exports…

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Malta Public Transport announces special services for Science in the City

Malta Public Transport will be operating a special bus service for the Science in the City festival being held this Friday 26th and Saturday 27th September 2025 at Triton Square.…

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Oil pulls back from 7-week high

Oil prices eased in Asian trade on Thursday, retreating from a seven-week high reached in the prior session as some investors took money off the table due to uncertainty around…

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Ryanair to scrap paper boarding passes from 12 November

Ryanair will introduce a major change that will affect all passengers from November 3. The airline will be banning the use of paper boarding passes, which will no longer be…

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Oil extends declines after Iraq, Kurdish governments agree to restart oil pipeline

Oil prices declined for a fifth consecutive session on Tuesday, as a preliminary agreement reached between Iraq and Kurdish regional governments to restart an oil pipeline added to oversupply concerns.…

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Oil gains as tension flares in Europe, Middle East

Oil prices gained in Asian trade on Monday supported by geopolitical tension in Europe and the Middle East, although the prospect of more oil supply and concern about the impact…

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Malta Public Transport’s Winter Schedule to commence on 22 September 2025

Malta Public Transport announces that on Monday, 22 September 2025, it will be transitioning to the Winter Schedule. This includes the return of routes connecting to University and post-secondary colleges,…

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Malta Public Transport announces special services for Rabat Sacrum

Malta Public Transport will be operating a special bus service for the Rabat Sacrum cultural event being held this Saturday 20th and Sunday 21st September 2025. This service, which is…

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Oil little changed as demand concerns overshadow US rate cut buoyancy

Oil prices were little changed on Friday after settling lower in the previous session, the day after the U.S. Federal Reserve cut interest rates for the first time this year,…

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Microsoft seizes websites linked to Nigeria-based phishing

Microsoft said that it seized 338 websites linked to a Nigerian-based service that allowed users to carry out phishing campaigns The service, called "Raccoon0365," allowed users to engage in phishing…

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Oil prices little changed

Oil prices were little changed on Thursday after the U.S. central bank lowered its key interest rate as widely expected, while an indication of more rate cuts before year-end raised…

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Microsoft plans $30 billion investment for UK

Microsoft is planning to invest more than $30 billion in its UK operations and artificial intelligence infrastructure over the next four years, the software maker said as U.S. President Donald…

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HSBC Malta to be sold to CrediaBank

HSBC Malta will be sold to CrediaBank for €200 million under an agreement announced Tuesday, marking another step in HSBC’s ongoing retrenchment from smaller European markets. HSBC Continental Europe signed…

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Malta’s financial regulator opposes push to centralise EU crypto supervision

Malta's financial watchdog is opposed to a push by other countries to give the European Union's securities regulator more powers to supervise crypto companies, a spokesperson said. On Monday, France,…

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Oil retreats but geopolitical jitters cap declines

Oil prices eased slightly on Wednesday, after rising more than 1% in the previous session, though ongoing geopolitical jitters provided a floor under prices while traders also awaited an expected…

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Delta’s “Route Race” Yields Two Winners: Sardinia and Malta to Join Airline’s Network in 2026

For the first time in its history, Delta Air Lines turned over part of its route decision-making process to its SkyMiles Members and employees. The airline’s inaugural “Route Race” gave…

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Malta Public Transport announces special services for Aftersun Festival

Malta Public Transport will be organising special bus services for the Aftersun Festival 2025, featuring Robbie Williams, Gigi D’Agostino and Aidan, taking place on Wednesday 17th September 2025 at the…

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France threatens to block crypto licence ‘passporting’ in EU regulatory fight

France has warned it may try to block some crypto firms licenced in other EU countries from operating domestically as part of a push to get oversight transferred to the…

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Oil edges up as market weighs supply risk from attacks on Russian refineries

Oil prices edged up on Tuesday after rising in the previous session, as market participants contemplated potential supply disruption from Russia after Ukrainian drone attacks on its refineries. Brent crude…

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Malta Public Transport launches Malta’s first fully electric 9-metre low-floor buses

Malta Public Transport has launched two new fully electric nine-metre low-floor buses, the first of their kind for Malta, as part of its ongoing investment in service quality, sustainability, and…

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Oil holds gains as investors eye impact from attacks on Russian energy facilities

Oil prices were little changed on Monday as investors assessed the impact of Ukrainian drone attacks on Russian refineries that could disrupt its crude and fuel exports, while also eyeing…

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Ryanair warns of years-long impact on European travel from Russian drones

Ryanair boss Michael O'Leary warned on Thursday that the Russian war in Ukraine would cause travel disruption for European airlines for years to come, a day after Poland shot down…

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