Business

Global shipping chief predicts full return to Suez Canal routes by 2026

The chief executive of Maersk, the Danish shipping and logistics giant, has expressed confidence that conditions are now in place for a complete return to Suez Canal shipping routes during 2026. The assessment comes as one of the world’s most important maritime chokepoints continues to recover from months of disruption caused by Houthi attacks on […]

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UN warns of potential oil spill threat off Omani coast

The United Nations maritime authority has activated emergency protocols following an incident involving the oil tanker Caroline Bezengi, which is currently located approximately 22 nautical miles off the coast of Oman. The vessel’s situation has prompted officials to prepare contingency plans in response to the potential environmental hazard. The UN’s International Maritime Organization issued the

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Israeli flights face delays as Greece imposes air traffic restrictions

Israeli airports are bracing for disruptions to outbound flights over the coming hours due to congestion in airspace over Greece. Greece’s aviation authorities have implemented restrictions on the number of aircraft permitted to transit through their airspace en route to Europe, according to a statement from Israel’s airports authority issued on Wednesday. The measures, designed

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Diamond Industry Reaches Truce: Lab-Grown Stones Now Accepted by Major Players

The global diamond industry is undergoing a significant shift in its stance towards laboratory-grown diamonds, with senior figures from the world’s most influential organisations abandoning their previous adversarial positions. Leaders from the World Diamond Council (WDC) and the International Gemological Institute (IGI) have adopted a more pragmatic approach, signalling that the industry’s battle lines are

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Hollywood upheaval: Paramount Studios faces potential relocation as merger faces legal challenge

Paramount Studios could be forced to vacate its iconic Hollywood headquarters far sooner than anticipated, as a federal lawsuit raises serious concerns about the company’s planned merger. Legal filings argue that the proposed deal would grant the merged entity unprecedented monopolistic power over film distribution and cable television markets, potentially reshaping the entertainment landscape. The

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Haifa Bay transformation given green light with approval of major waterfront development plans

Israel’s National Planning and Building Council has approved environmental assessment guidelines for two major new districts in Haifa Bay, marking a significant milestone in one of the country’s most ambitious urban regeneration projects. The approval covers districts 3 and 4 of the Tama 75 scheme, a comprehensive master plan aimed at transforming the industrial waterfront

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Popular Ashkelon Restaurant Gutted by Fire Just Weeks After Opening

A newly opened restaurant in the southern Israeli city of Ashkelon has been destroyed in what authorities suspect was arson. The Tree, which had only been operating for around a month, was engulfed in flames overnight, with the fire spreading to neighbouring businesses and causing significant damage to the surrounding area. Firefighters responded to the

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Tax authorities investigate southern dentist over £2m income discrepancy

Israel’s tax authority has launched an investigation into a dentist from Beersheba in southern Israel on suspicion of failing to report income worth millions of shekels. According to the tax authority’s findings, the discrepancy between actual deposits and reported income exceeds 10 million shekels (approximately £2 million). The investigation centres on allegations that the dentist

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New York court halts controversial property tax reassessment affecting Israeli businessman’s portfolio

A Manhattan judge has ordered a temporary halt to New York City’s contentious property tax reassessment programme, dealing a blow to Mayor Eric Adams’s administration. The controversial initiative, which has sparked significant public outcry across the city, will be suspended until the end of the month whilst legal challenges proceed. Some 17,000 property owners have

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