Business

Oil prices fell $4 on Monday along with equities as the collapse of Silicon Valley Bank raised fears of a fresh financial crisis, but a recovery in Chinese demand provided support. ...

Hellas Direct was recently recognised as one of Europe’s 1,000 fastest-growing companies by the Financial Times, the fourth time it has received this distinction. The innovative insurance tech company is ...

Saudi Arabia’s Crown Prince Mohammed bin Salman formally announced on Sunday the creation of a new national airline, Riyadh Air, with industry veteran Tony Douglas as its chief executive, ...

The non-profit association TechIsland announced today the launch of the TechIsland Awards, a new annual award program designed to recognize and celebrate the outstanding contributions of individuals, companies, and projects ...

State regulators closed New York-based Signature Bank SBNY.O on Sunday, the third largest failure in U.S. banking history, two days after authorities shuttered Silicon Valley Bank SIVB.O ...

Investors scrambled to pull down global rate expectations on Monday and abandoned wagers on steep US hikes next week, reckoning the biggest American bank failure since the financial crisis will ...

Evaluation of the cryptocurrency market is a crucial thing that must be done to make money out of it. Making money will only be possible with a clear understanding and ...

Bank shares in Europe and Asia plunged on Monday as the collapse of startup-focused Silicon Valley Bank continued to batter markets, while US large banks failed to hold onto a ...

We’ve all seen the plethora of articles that remind us if we would have invested x in ABC company however many years ago, we’d be rich now. So ...

When it comes to new industries such as crypto, innovation is key. If investors are going to believe in an idea, it must demonstrate constant and rapid development. This is ...

US regulators may have stemmed a banking crisis by guaranteeing deposits of collapsed Silicon Valley Bank (SVB), but some experts warn that the move has encouraged bad investor behaviour. Following ...

The biggest US banks are so tied up in regulatory red tape that they couldn’t cause a crisis if they tried. The 16th largest, though? That’s a different ...

Bitcoin (BTC) and Ethereum (ETH) have been the leading cryptocurrencies in the market for many years, with a market capitalization of over $1 trillion combined. However, these two digital assets have ...

The Ethereum ecosystem has experienced a lot of hype and development over the past few years, and now it looks like its future is bright as ever. With projects such ...

Last week I wrote the first of a two article series on information one should know before purchasing a property. It can be a tricky process and there are many ...

Technology executives, prominent venture capitalists and founders including OpenAI CEO Sam Altman raced this weekend to keep alive companies caught up in the collapse of Silicon Valley Bank (SIVB.O). ...

Cryptocurrencies can spread in different corners of the world, and you will find them being adopted by many people. Moreover, in 2022, cryptocurrencies were incredible, and you must have seen their ...

Cracks are appearing in the global financial system as the decade-long era of cheap money ends, with some investors worrying the shock collapse of Silicon Valley Bank signals world markets ...

SVB Financial Group Inc’s (SIVB.O) shutdown and takeover by banking regulators on Friday can be traced to the US Federal Reserve raising interest rates and souring the risk ...

The US Federal Reserve and the Federal Deposit Insurance Corp are weighing the creation of a fund that would allow regulators to backstop more deposits at banks that run into ...

The framework cooperation programme (FCP) signed between Cyprus and Saudi Arabia to promote economic ties and investments is proof of the strong relationship between the two countries, president of Invest ...

British finance minister Jeremy Hunt said on Sunday he was working with Prime Minister Rishi Sunak and Bank of England Governor Andrew Bailey to “avoid or minimise damage” resulting from ...

By Hadeel Al Sayegh and Maha El Dahan Saudi Arabian oil giant Aramco 2222.SE on Sunday reported a record annual net profit of $161.1 billion for 2022, up 46% from the year earlier, ...

Tesla (TSLA.O) will eliminate the use of rare earths in its next-generation electric vehicles (EV). The big reveal at the company’s investor day last week caused a sell-off ...