PayPal is pulling out of the Facebook-led Libra project, in a major blow to the social media platform’s plans to launch a global digital currency.
FT reports that the payments company said in a statement on Friday that it had “made the decision to forgo further participation in the Libra Association at this time and to continue to focus on advancing our existing mission and business priorities as we strive to democratise access to financial services for underserved populations”.
The decision raises questions about the future of the project, which is being steered by David Marcus, a Facebook executive who was previously PayPal’s president, and which has raised concerns among regulators.
via Financial Times
Two arms brokers arranged illegal deals to supply ex-Soviet surface-to-air missile systems to South Sudan and fighter jets to Libya during its civil war, British prosecutors told a Lond...
Morning Briefing
PM vows stable energy supply as inflation gap with euro area widens
Prime Minister Robert Abela has reassured social partners that Malta’s supply and pricing of oi...
Morning Briefing
PM vows stable energy supply as inflation gap with euro area widens
Prime Minister Robert Abela has reassured social partners that Malta’s supply and pricing of oi...
Updated 1215
PM Abela Says Malta’s Gas and Aviation Fuel Supplies Secure Despite Global Crisis: Prime Minister Robert Abela said Malta will not face shortages of power plant gas or av...
The European Parliament is moving closer to finalising its position on the EU’s next long-term budget, setting the stage for a key institutional milestone in shaping the 2028–2034 Multia...
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...
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 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 Energ...
“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...
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...
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 new Business...
Rights groups, including Amnesty International, say Iran carries out more executions per capita than any other country, and more in total than any nation except China, where reliable fig...
The United States has begun a naval blockade targeting Iranian ports, marking a sharp escalation in tensions following failed weekend peace talks in Pakistan. The move, ordered by Presid...
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...
Russia unleashed its deadliest attack so far this year on the Ukrainian capital Kyiv and other cities overnight, killing 16 people, including a 12-year-old child, and wounding scores, i...
Russia's defence ministry warned on Wednesday that European plans to step up drone supplies to Ukraine are dragging those countries deeper into a war with Russia.
The ministry said ...
