Malta Financial News

Also Read: Government cuts windfall tax on crude petroleum to ₹1,700/tonne effective tomorrow Back home, on the Multi Commodity Exchange (MCX), crude oil futures due for a January 19 expiry, was last trading 0.72 per cent higher at ₹6,051 per bbl, having swung between ₹5,969 and ₹6,109 per bbl during the session, against a previous close of ₹6,008 per barrel. -Analysts say that oil prices may find a ceiling unless production is shut in. Oil markets are still sensitive to tensions in the Middle East, but the base case remains that we'll see no significant disruption to flows, according to OANDA analysts.

Brent crude futures gained 81 cents, or about 1.04%, to $78.96 a barrel at 1333 GMT. The contract had lost 14 cents on Monday. U.S.

Davos on Sunday to discuss a peace formula for Ukraine, with India and many other nations pushing for the restoration of peace in the war-hit country. A representative of the Swiss Foreign Ministry, which co-hosted the meeting along with Ukraine, said, «By organising the meeting, Switzerland continues to support Ukraine in achieving this goal». This was the fourth NSA meeting on the peace formula proposed by Ukrainian President Volodymyr Zelenskyy in 2022, which follows ten principles aimed at ensuring a just and lasting peace in Ukraine.

Deputy national security advisor (NSA) Vikram Misri will represent India at a peace meeting on Ukraine in Davos this weekend and is expected to suggest creation of a formula that is acceptable to all sides. India will emphasise on a holistic approach to creation of peace formula that should involve presence of all stakeholders in talks and the process for a durable peace, said people with knowledge of the matter. Misri will drive home India’s long-standing position on dialogue and diplomacy as the way forward to end the conflict, they said. This is the fourth edition of peace talks under the Copenhagen format led by NSAs.

NSA) Vikram Misri will represent India at a peace meeting on Ukraine in Davos this weekend and is expected to suggest creation of a formula that is acceptable to all sides. India will emphasise on a holistic approach to creation of peace formula that should involve presence of all stakeholders in talks and the process for a durable peace, said people with knowledge of the matter. Misri will drive home India's long-standing position on dialogue and diplomacy as the way forward to end the conflict, they said. This is the fourth edition of peace talks under the Copenhagen format led by NSAs.

Catch the LIVE Updates on PM Modi's Gujarat visit herePM Modi in Gujarat LIVE: Prime Minister Narendra Modi and United Arab Emirates President Mohamed bin Zayed Al Nahyan held a bilateral meeting here on Tuesday and hailed the rapidly transforming India-UAE partnership, officials said. Four MoUs were signed between India and the UAE in the presence of the two leaders, including one between the Gujarat government and DP World, a multinational logistics company based in Dubai, they said.

ALSO READ: Vibrant Gujarat Global Summit 2024 to be inaugurated by PM Modi: 10 key highlights UAE President Sheikh Mohamed bin Zayed Al Nahyan is among the special guests who will attend the Summit. He is in Ahmedabad and will attend the Summit. Among the global leaders to attend the Summit include Australian High Commissioner Philip Green, Malta High Commissioner Reuben Gauci, Ambassador of Netherlands to India Marisa Gerards, President of Timor-Leste José Ramos-Horta, Ambassador of Japan to India Hiroshi Suzuki, Thai envoy to India Pattarat Hongtong, and others.

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

organisations have so far confirmed to be partners for the upcoming Vibrant Gujarat Global Summit (VGGS) 2024, the state government said on Saturday. The 10th edition of VGGS, based on the 'Gateway to the Future' theme, will be organised in Gandhinagar from January 10 to 12.

Rise of Somali Pirates: Soon after MV Ruen, a Malta-flagged merchant ship, was hijacked by pirates earlier this month in the Arabian Sea, there were concerns about the return of Somali pirates to international sea routes. Amid rising fears, Indian shipping regulator Director General of Shipping has advised seafarers to be cautious, according to a report by Business Standard. But the precautionary measures may not be easy on the pocket, say experts The alternative route adds 12-14 days of sailing time and a 30-40 per cent increase in freight costs, impacting prices.

Navy has deployed an indigenous guided missile destroyer in the Gulf of Aden region in light of the piracy incident earlier this week, as per a release issued by the Defence Ministry. The move is aimed at augmenting the anti-piracy efforts in the Gulf of Aden region. The Indian Navy remains committed to ensuring the safety of merchant shipping and rendering assistance to mariners at sea as a 'first responder' in the region, as per the release. On the night of December 14, a report regarding a potential piracy incident onboard a Malta-flagged vessel, MV Ruen, was monitored on the UKMTO portal. The vessel was reported to be boarded by six unknown personnel. In a swift response, the Indian Navy's Maritime Patrol Aircraft deployed to investigate the incident arrived overhead at MV Ruen on December 15 and established communication with the crew.

Spain’s Central Bank says the number of licensed crypto-related firms in the country grew by 50% in 2023.

Indian Navy has deployed a second frontline ship in the Gulf of Aden to augment its anti-piracy mission, following the hijacking of a Malta-flagged cargo vessel by pirates. The Navy now has stealth guided-missile destroyer INS Kochi and INS Kolkata in the region, officials said. The Navy swiftly responded after receiving a call for help from MV Ruen, the Malta-flagged hijacked vessel, on December 14.

Low-cost airlines Ryanair and Malta Air have won a court case against the European Union’s decision to approve billions of euros in state aid by the French government to holding company Air France-KLM during the COVID-19 pandemic

MV Ruen, was boarded by armed pirates, prompting an immediate reaction from Indian naval forces. According to a naval spokesperson, the Indian warship, engaged in anti-piracy patrol in the Gulf of Aden, swiftly changed course to pursue MV Ruen after it issued a Mayday call via the UKMTO portal, reporting the presence of around six unknown individuals on board. The safety of the 18 crew members aboard MV Ruen remains a top priority, with the Indian Navy coordinating efforts with other agencies and a multi-national force in the area. An official stated, «The overall situation is being closely monitored, and the safety of the crew on board the merchant vessel is paramount.» Both a maritime patrol aircraft and the warship have been deployed to monitor the hijacked vessel's movements.

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A container ship owned by an Israeli billionaire came under attack by a suspected Iranian drone in the Indian Ocean as Israel wages war on Hamas in the Gaza Strip

A container ship owned by an Israeli billionaire came under attack by a suspected Iranian drone in the Indian Ocean as Israel wages war on Hamas in the Gaza Strip, an American defense official said Saturday.The attack Friday on the CMA CGM Symi comes as global shipping increasingly finds itself targeted in the weekslong war that threatens to become a wider regional conflict — even as a truce has halted fighting and Hamas exchanges hostages for Palestinian prisoners held by Israel.The defense official, who spoke to The Associated Press on condition of anonymity to discuss intelligence matters, said the Malta-flagged vessel was suspected to have been targeted by a triangle-shaped, bomb-carrying Shahed-136 drone while in international waters. The drone exploded, causing damage to the ship but not injuring any of its crew.“We continue to monitor the situation closely,” the official said.

Captain America: New World Order, which previously occupied the July date, has been rescheduled and will now premiere on February 14, 2025, shifting by nine months. Deadpool 3, initially slated for May 3, 2024, will now hit theaters on July 26, 2024, marking a slight delay in its arrival. Additionally, Thunderbolts, a movie centering around Marvel's anti-heroes and featuring Florence Pugh and Sebastian Stan, has been pushed to July 25, 2025, moving back from its initial date of December 20, 2024. Blade, starring Mahershala Ali, is experiencing a nine-month delay, now set for release on November 7, 2025, instead of its earlier date of February 14, 2025. Both Blade and Thunderbolts had plans for summer production; however, they faced delays due to the writers' strike in May, as the scripts were not yet ready. The revised schedule sets the stage for an exciting lineup of Marvel films, albeit with some adjustments to the release calendar. The SAG-AFTRA actors’ union reached a tentative deal with the major studios and streamers Wednesday, opening the flood gates to Hollywood production and returning the entertainment industry to work after dual writers' and actors' strikes stopped most filming. Writers reached a deal in late September after going on strike in May. Major film projects, such as Ridley Scott’s historical epic “Gladiator 2,” are expected to return to production by the end of the year or early next year, according to one source familiar with the project. For the Scott film, schedules are being matched, flights to Malta and accommodations are being booked, and other preparations are under way. Martial arts film “Mortal Kombat 2” will resume shooting on the Gold Coast of Australia.

By Dawn Chmielewski and Lisa Richwine

₹400 crore to buy the three aircraft but is staring at further headwinds as the aircraft grounded for over four years will require 8-12 months to become airworthy and flown out of India. It will take some more time to convert the passenger planes to freighters, the company said. “...the more you wait, or the more the aircraft is on ground, it loses value and eventually you reach a point when the value of the assets is zero or sometimes even minus.