#business

In the weeks after Russia’s invasion of Ukraine on Feb. 24, Claudio Descalzi, CEO of Italian energy major Eni (ENI.MI), embarked on a whirlwind of trips to gas suppliers ...

Crypto companies were undeterred by initial failure to obtain licences to operate in Britain and were submitting new applications, the Financial Conduct Authority said on Thursday. The FCA has been ...

The financial turmoil emanating from Britain and Japan is not yet enough to prompt the US Treasury to intervene to buoy the battered pound or yen, with officials expressing no ...

Initial public offerings by US tech companies have sunk to their lowest levels since the global financial crisis of 2008, as stock market volatility, soaring inflation, and interest rate hikes have ...

Oil prices dropped after touching the $90 per barrel mark on Thursday as traders awaited clarity on potential OPEC+ cuts next week and as the dollar eased off 20-year highs. Brent ...

Fatih Birol, head of the International Energy Agency (IEA), said on Thursday it was “very obvious” who was behind the suspected sabotage against the Nord Stream pipelines which caused major ...

Oil prices retreated slightly on Thursday after gaining more than $3 in the prior session, with a strong dollar capping oil demand from buyers using other currencies and concerns over the ...

A surge in borrowing costs and a likely slowdown in economic growth threaten to trigger a selloff in Britain’s housing market with consequences for personal wealth and the broader ...

Britain’s central bank resorted to buying bonds again on Wednesday in an emergency move to reduce the chaos in financial markets which was triggered last week by the tax ...

As new British Chancellor, Kwasi Kwarteng hoped to take down finance ministry groupthink that he and new Prime Minister Liz Truss saw as holding Britain back. Instead he’s seen ...

Lebanon plans to slash its official exchange rate, replacing the 1,507 per dollar rate adopted 25 years ago with a rate of 15,000 in a step towards unifying numerous exchange rates, the finance ...

Cyprus based Global Maritime Fund (GMF) this week announced that it has been endorsed by International Maritime Industries (IMI), the largest shipyard in the Middle East and North Africa region (...

The Cyprus Investment Funds Association (CIFA) on Wednesday held an event focusing on the latest developments in Cyprus’ investment funds sector, spearheaded by the association’s president and board of ...

The president of the national investment promotion agency Invest Cyprus Evgenios Evgeniou on Wednesday said Cyprus’ policy of granting tax incentives to foreign technology companies has been effective, resulting in 7,000 ...

A Cyprus Chamber of Commerce and Industry (Keve) delegation this week met with the Cyprus-Greece Business Association and the Institute of Certified Public Accountants of Cyprus (Selk) in Athens, where ...

Russia’s aviation industry will aim to go it alone without the West, using locally built parts to produce 1,000 airliners by 2030 and end a reliance on Boeing (BA.N) and ...

Hellenic Bank CEO Oliver Gatzke on Wednesday said that since first being appointed to the role 15 months ago, the bank has evolved into an organisation with a leaner management structure, ...

Sterling tumbled against the dollar on Wednesday before paring some losses after the Bank of England (BOE) said it would step in to prop up the gilt market, and the ...

Nervous financial markets propelled the safe-haven dollar to a fresh two-decade peak on Wednesday as rising global interest rates fed recession worries, while sterling languished near all-time lows on fears ...

Oil prices fell more 1 per cent on Wednesday, pressured by a strengthening dollar and crude storage builds that offset support from US production cuts caused by Hurricane Ian. Brent crude ...

Christeen Aiad from eastern Cairo had been hoping to buy a small automatic car this year, but rules preventing importers trading in scarce dollars put paid to that and she ...

One in ten Cypriot businesses said that they consider the government’s support measures to have helped, while two in ten businesses consider that they have helped to an adequate ...

There was a net increase of €173.7 million in total deposits and a net decrease of €100 million in total loans in August 2022, according to a report released on Tuesday by the ...

The Dow Jones Industrial Average, the oldest of Wall Street’s three main stock indexes, dropped 1.1 per cent on Monday, extending the decline from its January peak to more than 20 ...