By Richa Naidu
LONDON, Feb 28 (Reuters) – Reckitt said on Wednesday that attacks on container vessels in the Red Sea had led to “a small impact” on ocean freight rates, and that it was “doing a little more air freighting”.
Houthi militants are attacking container vessels in the Red Sea and Gulf of Aden, prompting hundreds of ships to reroute around the Cape of Good Hope.
Reckitt CEO Kris Licht said on a call with journalists that the changes did not “meaningfully impact performance”.
“We’re seeing ocean freight timings extended a bit so it just takes longer with the new routes. But there’s no significant impact to our costs from this,” Licht added.
Europol supported a Spanish-led investigation that dismantled one of the largest criminal networks smuggling cannabis, synthetic drugs, migrants, weapons, and even fugitives across the W...
Momentum is building behind a third term for conservative European Parliament President Roberta Metsola, a prospect set to disrupt an informal agreement among centrist political forces a...
Morning Briefing
St George’s Bay tops list of Malta’s most polluted beaches
St George’s Bay has been ranked as Malta’s most polluted beach this summer, according to an analysis of ...
Updated 0940
Malta Employers Calls for Long-Term Infrastructure Strategy after Power Outages: Malta Employers has renewed its call for a coordinated, long-term infrastructure strategy...
The European Commission has unveiled an ambitious package of tax reforms aimed at simplifying tax rules across the European Union, reducing compliance burdens for businesses and strength...
The European Union's new Migration and Asylum Pact enters into force on 12 June, ushering in the most significant reform of the bloc's migration framework in years and placing renewed em...
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...
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 on Sa...
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.
Pharmaceutic...
Malta’s new pay transparency regulations, which came into effect on the 5th of June, aim to strengthen fairness and equality in the workplace, but employers are warning that the rushed i...
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 broade...
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.
Pharmaceutic...
President Donald Trump announced late Saturday that he had called off planned U.S. strikes on Iran, saying renewed negotiations had raised hopes of easing the conflict and reopening ship...
Gulf states have backed a proposal aimed at reducing disruption to global oil trade by allowing Iran to collect voluntary fees from ships using the Strait of Hormuz, according to sources...
At least 32 people have been killed and more than 700 injured after two powerful earthquakes — measuring 7.2 and 7.5 — struck central Venezuela seconds apart, causing widespread destruct...
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...
North Korea has deployed troops, weapons and now, according to a Ukrainian intelligence official, a missile unit to support Russia's war against Ukraine, marking Pyongyang's most signifi...
A North Korean missile unit has begun deploying to western Russia and could be equipped with 120 ballistic missiles and six launchers for strikes against Ukraine, an official at Ukraine...
