Business

Following the news that international financial technology firm Revolut received approval to create a crypto hub in Cyprus, the Cyprus Securities and Exchange Commission (CySEC) on Wednesday confirmed that it ...

Norway’s sovereign wealth fund, the world’s largest, made a record loss of 1.68 trillion Norwegian crowns ($174 billion) in the first half of 2022 as stocks and bonds were hit by ...

Western companies with iconic brands like Coca-Cola that exit Russia face years of battling knockoffs and unauthorized imports clamoring to fill the void they leave behind, a risky bid as ...

The Finance Ministry on Wednesday announced that the state budget for 2023 and the Medium-term Fiscal Framework (MFP) 2023-2025 are being drawn up in a dual format, one in the traditional ...

Cyprus’ economy recorded positive growth in the second quarter of 2022, according to a preliminary estimate by the island’s Statistical Service. As announced on Wednesday, the growth rate of the ...

The Turkish drillship Abdulhamid Han began drilling at the Yorukler-1 well on Wednesday, Anadolu news agency reported, according to CNA. “We are determined to follow up on the happy news ...

Britain is set to receive a rare shipment of liquefied natural gas (LNG) from Australia later this month, as countries across Europe strive to secure enough supplies ahead of winter. ...

China’s EVE Energy Co Ltd (300014.SZ) will supply BMW (BMWG.DE) with large cylindrical batteries for its electric cars in Europe, two people with knowledge of the matter said, ...

Russia’s key crude oil grade, Urals, has been trading at levels not seen in Europe since early March as refiners snap up the last barrels ahead of an European ...

The US Federal Reserve on Tuesday issued additional guidance for banks considering activities involving cryptocurrencies, emphasizing that firms must notify the Fed beforehand and make sure whatever they do is ...

Russian stocks slipped from multi-week highs on Wednesday and the rouble turned lower against the dollar and euro, as falling oil prices outweighed the effect of upcoming tax payments that ...

German utility Uniper, which secured a 15 billion euro state bailout last month, reported a net loss of 12.3 billion euros ($12.5 billion) for the first half, mainly due to lower Russian gas ...

American Airlines Group Inc (AAL.O) on Tuesday agreed to buy up to 20 jets from aircraft maker Boom Supersonic, becoming the second major US airline to bet on ultra-fast passenger ...

Billionaire Elon Musk, the chief executive of electric automaker Tesla Inc (TSLA.O) and rocket company SpaceX, on Tuesday tweeted that he was buying soccer club Manchester United (MANU.N), ...

The bear market has been challenging for many crypto projects. But, it’s also helped to highlight the importance of solid fundamentals. Investors can witness it in the recent lousy ...

A sharp rebound in Israel’s economic activity and a jump in annual inflation have made a 0.75-point interest rate increase more likely next week, analysts said on Tuesday. The ...

British consumer price inflation jumped to 10.1 per cent in July, its highest since February 1982, up from an annual rate of 9.4 per cent in June, intensifying the squeeze on households, official ...

In the cryptocurrency world, it is often said that there are only two types of assets: those that have already mooned and those that will moon. This is because many ...

Revolut, a British financial technology company (fintech) that specialises in digital banking, this week received approval from the Cyprus Securities and Exchange Commission (CySEC) to offer cryptocurrency and digital asset ...

Alphabet Inc’s (GOOGL.O) Google is combining the eyes and arms of physical robots with the knowledge and conversation skills of virtual chatbots to help its employees fetch soda ...

Losses arising from cryptocurrency hacks jumped nearly 60 per cent in the first seven months of the year to $1.9 billion, propelled by a surge in funds stolen from decentralized finance (DeFi) ...

There was a €24.6 billion international trade deficit in the euro area in June 2022, according to a report released on Tuesday by the European Union’s statistical office (Eurostat). In addition, ...

It looks like ethereum’s mega-upgrade is happening. Finally. After years of delays, the “Merge” seems all but certain to take place in September, with the cryptography underlying the blockchain ...

The European Union is working to boost its presence in the Pacific through economic ties and new security commitments as geostrategic competition in the region intensifies, the bloc’s ambassador ...