International

UK economic output fell 9.9 per cent in 2020, the largest drop in 300 years and more than twice the fall during the financial crisis, according to data released by the UK Office ...

Italy’s prime minister-designate Mario Draghi will struggle to restart the Italian economy, the most chronically sluggish in the euro zone. This will be his top priority, but he will ...

The European Union will strive for close co-operation with Britain on financial services but London cannot expect “equivalence-based” access to the EU financial market if it diverges widely on rules, ...

After long being shunned by traditional financial firms, bitcoin has finally entered the mainstream. Bitcoin on Thursday jumped to a fresh all-time high after BNY Mellon said it formed a ...

Cyprus will see economic growth at the same, relatively low rate of most EU Member States in 2021. There is, however, “light at the end of the tunnel,” according to an ...

Shares of Bumble Inc, backed by Blackstone Group Inc, soared more than 76 per cent in their stock market debut on Thursday, fetching a $14 billion valuation for the operator of the ...

The European Union should set binding targets for one million public charging points for electric vehicles by 2024, and three million by 2029, to give consumers the confidence to switch to the ...

Amsterdam surpassed London as Europe’s largest share trading centre last month, the Financial Times reported on Wednesday. The Netherlands scooped up business lost by the UK since Brexit. An ...

Heathrow Airport has added a new £8.90 (~$12.20) tax to all flight tickets from all airlines taking off at the largest UK airport, the airport spokesperson announced last week. Billed as a “...

The European Parliament on Tuesday approved a Commission regulation to extend market support measures for the wine sector until 2021. The decision was passed at the plenary voting session without a ...

There is no reason why a bad bank would not work in Cyprus, as it has in many other countries. It all depends, experts say, on how it is managed. ...

Jet2 will not fly until well after the Easter holidays, the company said in a statement on Tuesday. “Due to the ongoing uncertainty and travel restrictions caused by the Covid-19 ...

Electric aircraft startup Archer will go public through a merger with a blank-check company backed in a deal valued at around $3.8 billion and backed by an order and investment from ...

Coca-Cola Co on Wednesday forecast a return to organic revenue growth this year after a torrid 2020, betting vaccine rollouts across the world will encourage consumers to return to cinemas and ...

Twitter Inc on Tuesday beat analyst expectations for quarterly sales and profit and followed its social media peers to forecast a strong start to 2021 as ad spending rebounds 31 per cent ...

Huawei Technologies Co has filed a legal challenge to the Federal Communications Commission’s designation of the Chinese company as a US national security threat to communications networks. The FCC ...

Rates for container shipping have skyrocketed up to nine times regular levels, as global container blockages keep goods stuck in ports. There are reports of fruit rotting in containers waiting ...

Inflows of Foreign Direct Investment (FDI) in Cyprus during the first three quarters of 2020 were down a staggering 96 per cent compared with the same period in 2019, according to statistics from ...

Facebook is facing a second London High Court class action over allegations it failed to protect the personal details of about one million people in England and Wales, in the ...

Apple Inc’s iPhone 12 mini U.S. sales were just 5 per cent of overall sales of its new phones during the first half of January, industry data provider Counterpoint said ...

Bitcoin extended gains on Tuesday to a record high as the afterglow of Tesla Inc’s $1.5 billion investment in the cryptocurrency had investors reckoning it would become a mainstream asset ...

Europe’s antitrust chief, Margrethe Vestager, has warned Apple Inc to give equal treatment to all apps on its platform amid the iPhone maker’s privacy changes that have drawn ...

Tesla Inc expects to allow customers to pay for its electric vehicles with bitcoin soon, the automaker said on Monday, a move that could expand how the most popular cryptocurrency ...

The Cyprus economy slowed in January, as the restrictions shut down many forms of economic activity. But a substantial rebound is expected after the vaccination programme is implemented, and economic ...