Business

The accommodation and catering services sector showed the largest annual increase in the turnover index during the second quarter of 2022, reflecting the recovery of the tourism industry, according to a ...

Deputy minister for shipping Vassilis Demetriades on Wednesday travelled to the Netherlands to support and promote Cypriot shipping through a number of meetings with Dutch shipping companies. According to an ...

Euro zone inflation jumped to another record high and will soon hit double-digit territory, heralding a string of big interest rate hikes even as a painful recession appears increasingly certain. ...

Cuba, mired in an energy crisis that has brought frequent blackouts, is negotiating with a Turkish company to have it double the megawatts it currently produces for the country from ...

Units of Tencent and Sony will take minority stakes in FromSoftware Inc, which publishes hit action role-playing title “Elden Ring” in Japan, via a third-party allotment of new shares, parent ...

Qatar’s central bank has issued its first license for digital payments services to iPay by Vodafone Qatar and Ooredoo Money, it said in a tweet on Tuesday.

Gazprom Chief Executive Alexei Miller on Wednesday said Western sanctions mean Siemens Energy ENR1n.DE is unable to carry out regular maintenance on equipment for the Nord Stream 1 natural ...

UK’s FTSE 100 logged its worst daily performance in seven weeks on Wednesday as warnings of even higher inflation in the coming months raised fears of a deep recession in ...

Lebanon’s president on Wednesday returned to parliament an amended banking secrecy law that lawmakers passed around a month ago, saying it needed further tweaks to strengthen it. Parliament’s ...

Italian oil company Eni’s computer networks were hacked in recent days but the consequences appear to be minor so far, the company said on Wednesday. “The internal protection systems ...

Amazon (AMZN.O) and Alphabet (GOOGL.O) unit Google criticised Microsoft’s (MSFT.O) cloud computing changes on Tuesday, saying they limit competition and discourage customers from switching to rival ...

The Bank of Cyprus on Wednesday released its financial results for the first half of 2022, posting a profit after tax of €50 million, marking a significant improvement over the €1 million loss ...

The regulator of Abu Dhabi’s free zone financial centre said on Tuesday it had fined the local subsidiary of fintech firm Wise $360,000 for breaching anti-money laundering (AML) requirements. Abu ...

Gulf banks with exposure to Turkey are expected to make further net monetary losses on their investments in the second half of this year and into 2023, ratings agency Fitch said ...

Oil prices recovered slightly on Wednesday as data pointed to firm US fuel demand, providing respite after a 5 per cent drop a day earlier on fears that demand will suffer ...

Crypto projects like Big Eyes (BIG), Binance (BNB), and Thorchain (RUNE) are community-based crypto projects. These crypto projects reward their users for actively participating in activities within the crypto space. ...

The Russian government on Tuesday said it approved handing over a 12.5 per cent stake in operator of Russia’s Sakhalin 2 liquefied natural gas plant to Dubai-based MIT SEL Investment Ltd, ...

Albanian police on Tuesday arrested the fugitive Turkish founder of crypto-exchange Thodex, wanted by Interpol for suspected crypto fraud and at large for a year, police and media said. Albanian ...

During the previous week, Deputy Minister of Tourism Savvas Perdios spoke on two government schemes that seek to bolster Cyprus’ tourism product, with particular focus on the healthcare and wellness ...

Tesla Inc (TSLA.O) Chief Executive Elon Musk has set his young company on an aggressive expansion path like no other auto executive has dreamed – but one riddled with potholes ...

The rouble firmed towards 60 against the dollar and euro in early Moscow trade on Tuesday, while higher oil prices helped push Russia’s benchmark stock index to its highest point ...

Total petroleum product sales in Cyprus experienced a slight drop in July, with sales from gas station pumps falling for the second month in a row, according to a report ...

Hodlnaut said on Tuesday it has been placed under interim judicial management by the Singapore High Court, after the troubled cryptocurrency lender suspended withdrawals earlier this month. Judicial management allows ...

A court in Russia on Tuesday fined streaming company Twitch 3 million roubles ($50,209) for refusing to remove a two-hour interview with an adviser to Ukrainian President Volodymyr Zelenskiy, Russian news agencies ...