Business

Lebanese fuel prices are expected to double after the state decided on Saturday to change the exchange rate used to price petroleum products in a bid to ease crippling shortages ...

Moscow pledged retaliatory measures after a new set of sanctions imposed by the United States on a Russian ship and two companies involved in the Nord Stream 2 gas pipeline, Russia’...

Tesla Inc (TSLA.O) Chief Executive Elon Musk on Thursday said the electric automaker will probably launch a “Tesla Bot” humanoid robot prototype next year, designed for dangerous, repetitive, or ...

Sterling touched one-month lows against a robust dollar and the euro on Friday, capping the pound’s worst week in months as global risk aversion propelled investors towards currencies considered ...

Tunisia is seeking an urgent review of a trade agreement with Turkey in order to cut a widening deficit, two Tunisian trade ministry officials said on Friday. Nabil Arfaoui, director ...

Ryanair’s latest challenge to state aid for European airlines took a step forward on Wednesday when the European Court of Justice agreed to hear in its General Court a ...

The Cyprus Government Guarantee Scheme will offer low-interest loans to businesses of all sizes via Cyprus banks. It will become available with the enactment of the Amending Law “On the ...

Astrobank is offering free cash withdrawals at more than 330 ATMs nationwide for AstroBank customers, the bank said in a statement on Thursday. AstroBank continues its cooperation with the company Euronet ...

Digital twins—digital representations of real-world entities such as sensors, devices, machines, systems, and even people—have evolved from a niche concept to an integral part of the industrial landscape. ...

An asphalt-paved road runs for 2,000 kilometers along the Mediterranean linking up the most important cities of Libya, Tunisia and Egypt. The conflict in Libya has left this key artery broken ...

Lebanon is now at the centre of a confrontation between Israel and Iran over fuel deliveries. US sanctions could also follow a delivery of fuel from Iran – Lebanon could face ...

A shipment of Iranian fuel organised for Lebanon by Hezbollah will set sail on Thursday, the Shi’ite group said, cautioning its US and Israeli foes against any moves to ...

As part of your offshore financial planning, you want to ensure that you include investments and look into the idea of establishing trusts, savings, and even checking accounts. One question ...

If you want to invest in a fund branded as sustainable under new European Union rules, you’re spoilt for choice. But you may end up owning shares in oil ...

A London court on Wednesday approved a £10 billion-plus ($14 billion-plus) class action against global payments processor Mastercard (MA.N) that claimants said could entitle 46 million British adults to roughly £300 each if ...

The Bank of Cyprus has chosen TeamMate+ Audit as its solution for a number of challenges to internal audit, according to a case study published on Wednesday. TeamMate+ Audit, produced ...

Cyprus’ €1.2 billion Resilience and Recovery Plan (RRP) was approved by the EU on July 8, and there are already today a number of projects close to completion, and others in full ...

The total assets of investment funds increased by 11 per cent in June 2021 from March 2021, according to data released Tuesday by the Central Bank of Cyprus. Total assets of the investment ...

Huawei Technologies’ chairman said while US sanctions have choked its smartphone business, it will not give up and plans to eventually return to the industry’s “throne”. In 2019 former US ...

Researchers at the University of Birmingham announced on Tuesday that they have developed a new Covid-19 test capable of providing reliable results in less than 10 minutes,. The test was first ...

The takeover of Afghanistan by the Taliban is seen largely as a defeat for US influence – thus eventually affecting US markets and the dollar, and a grand opportunity for China. “...

Cyprus was among the smallest producer of potatoes in the European area, according to a recent report from EuroStat. Our island produced 80.3 thousand tonnes in 2020, the report showed, placing Cyprus ...

The economy is expected to grow by more than 5.5 per cent in 2021, Finance Minister Constantinos Petrides said on Tuesday, as preliminary estimates showed a 12.9 per cent year-on-year growth in the ...

The arrivals of tourists reached 297,308 in July 2021, recording an increase of 358 per cent compared with July 2020, during which 64,914 arrivals were recorded. However, this July marked a decrease of 46 per cent ...