Semiconductor R&D Boost: GlobalFoundries signed a letter of intent with the US Department of Commerce for a potential $300m CHIPS award to accelerate silicon photonics for AI data centres, targeting next-gen optical materials, wafer tech and advanced packaging (including 3D hybrid bonding) with work planned across Malta, New York and Vermont. Energy Transition Funding: The European Commission endorsed Malta’s €60.6m Social Climate Plan (to 2032) to help vulnerable households and small firms cut energy costs via home efficiency upgrades, renewables like heat pumps and PV with battery storage, plus community transport support for 30,000 users. Local Business Confidence: A Chamber of SMEs barometer survey says 78% of SMEs are uncertain or unwilling to invest in the coming months, while 64% think Malta is heading in the wrong direction—fuel for calls for clearer economic direction. Banking Update: MeDirect returned to profit, reporting €2.4m profit before tax for the first half of 2026, with balance sheet growth to €5.8bn and a strategy focused on retail/wealth and technology-led delivery. Public Safety Training: Malta’s Civil Protection Department members have achieved NFPA 1001 international certification, with the government citing upgraded training, technology and readiness during recent high-temperature emergencies. Waste & Circular Economy: Works have started on a new €75m Organic Processing Plant, co-financed by the EU Cohesion Fund, aiming to more than double Malta’s capacity to treat organic waste and recover resources.