Global oil demand might never return to levels seen before the outbreak of the COVID-19 epidemic, Royal Dutch Shell CEO Ben van Beurden said on Thursday.
“Demand will take a long time to recover if it recovers at all,” van Beurden told reporters after the Anglo-Dutch energy company reported a sharp drop in second-quarter profit.
Shell expects aviation fuel consumption to recover to 50% of pre-crisis levels by the end of 2020, he said.
“The aviation sector is down and will remain down for some time to come.”
Ukraine’s anti-corruption authorities have named former presidential chief of staff Andrii Yermak as a suspect in a major graft investigation involving alleged money laundering.
Accor...
The Italian government is set to approve a framework for the resumption of nuclear power this summer, Prime Minister Giorgia Meloni told parliament.
Italy abandoned nuclear energy fol...
Morning Briefing
DOmestic demand, exports drive growth in Q4 of last year - CBM
The Central Bank of Malta said the Maltese economy continued to grow strongly during the final quart...
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Tougher Enforcement Measures Introduced in Tourism Hotspots: Government has announced a series of new enforcement measures targeting noise, disorder and short-let accommo...
The European Parliament has thrown its weight behind demands for a bigger long-term EU budget, approving its position for negotiations on the bloc’s next seven-year financial framework f...
Disinformation is no longer spreading only through fringe actors or political agitators, but through a digital system that rewards outrage, sensationalism and engagement above accuracy, ...
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 matt...
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 Monday.
The Swedish ...
“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 ...
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 p...
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 A...
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 ...
The United States launched what it described as “self-defense” strikes against Iranian military targets after three US Navy destroyers came under attack in the Strait of Hormuz, sharply ...
French shipping giant CMA CGM reported that its vessel San Antonio was attacked while passing through the Strait of Hormuz, leaving several crew members injured and the ship damaged. The...
Thousands of Cuban security personnel have begun leaving Caracas after nearly two decades in Venezuela, as Washington ramps up efforts to dismantle the long standing alliance between the...
María Corina Machado is a prominent figure in Venezuela’s opposition. She has reported that one of her closest associates, Juan Pablo Guanipa, was abducted. This occurred mere hours afte...
Ukraine’s anti-corruption authorities have named former presidential chief of staff Andrii Yermak as a suspect in a major graft investigation involving alleged money laundering.
Accor...
Ukrainian President Volodymyr Zelenskiy said that Russia has no intention of ending the more than four-year-old war with his country and Kyiv was preparing for further attacks.
Zelen...
