Business

Ratings agency Moody’s lowered Egypt’s sovereign rating by one notch to B3 from B2 on Tuesday, citing the country’s reduced external buffers and shock absorption capacity. The ...

Following are reactions from analysts and investors to US President Joe Biden’s State of the Union speech on Tuesday, in which he challenged Republicans to lift the debt ceiling ...

Grocery costs seen rising further in 2023 -executives, analysts Input costs exacerbated by Ukraine war Retailers seeking to pass on high raw material costs Unilever, Nestle, Danone to report results this ...

Russian state oil revenues fall 40 per cent on sanctions Tanker owners post record profits, traders and bankers say India, China get cheaper oil Western sanctions on Russia have significantly reduced ...

Shares of Japan’s Nintendo Co Ltd (7974.T) and SoftBank Group Corp (9984.T) and Sharp Corp (6753.T) fell steeply on Wednesday, after the companies jolted investors with disappointing results, emphasising ...

Qatari investors are planning to make a huge bid to buy Premier League club Manchester United, the Daily Mail newspaper reported on Tuesday, citing unnamed sources. The report described the ...

The total number of loan restructurings in Cyprus appears to have decelerated in 2022, after their sudden and sharp increase in 2021 due to the adverse economic effects of the coronavirus pandemic, ...

Retail investors are piling into small-cap firms that employ artificial intelligence amid intensifying competition between tech titans Google parent Alphabet and Microsoft to secure leadership in the next big driver ...

APS Group, one of the leading alternative asset management companies in Central, Eastern, and South-eastern Europe, on Tuesday announced that it has acquired a corporate and SME secured loan portfolio ...

North Korea stole more cryptocurrency assets in 2022 than in any other year and targeted the networks of foreign aerospace and defense companies, according to a currently confidential United Nations report ...

German industrial production fell more than expected in December, driven by a plunge in output from energy-intensive sectors, the federal statistics office said on Tuesday. Industrial production decreased by 3.1 per ...

Have bitcoin and ether finally turned a corner? It’s looking that way, if crypto options traders are anything to go by. The volume of bitcoin options traded on Deribit, ...

Google owner Alphabet Inc (GOOGL.O) on Monday said it will launch a chatbot service and more artificial intelligence for its search engine as well as developers, an answer to ...

BP (BP.L) on Tuesday reported a record profit of $28 billion for 2022, lifted by the surge in energy prices since Russia’s invasion of Ukraine, while boosting its dividend in ...

Thousands of companies are thinking of outsourcing in the present economic climate. It may be worth it to take a closer look at staff augmentation. The coronavirus pandemic has fundamentally ...

For years analysts have predicted that Bitcoin (BTC) will one day reach $100,000. Many believed this would happen when Bitcoin (BTC) hit its all-time high of $69,045.00 in November 2021, however the value ...

Hermes International SCA (HRMS.PA) urged a US jury on Monday to find that a creator of non-fungible tokens violated its trademark for Birkin bags, while lawyers for the “MetaBirkins” ...

Britain is likely to spend 69 billion pounds ($82.95 billion) on schemes to protect households and business from soaring electricity costs, half of the original estimate, a UK spending watchdog said, as ...

House prices in Cyprus continued to rise during the third quarter of 2022, primarily due to elevated construction costs and increased demand from both foreign and local buyers, according to a ...

Armed with the world’s largest reserves of nickel and a ban on the export of nickel ore, Indonesia is making itself indispensable for the electric vehicle industry, which uses ...

Deputy Minister of Shipping Vassilis Demetriades met with Japanese ambassador Yoshio Yamawaki on Monday, where both sides reiterated that Cyprus and Japan continue to strengthen their bilateral cooperation, particularly in ...

Paphos’ economy performed well during 2022, both in terms of its tourism sector and real estate and market, according to Paphos Chamber of Commerce and Industry (Evep) secretary and director Marinos ...

Inflation in the euro area remains far too high so the risk of the European Central Bank not raising interest rates high enough is still a bigger than that of ...

The crisis engulfing the Adani Group intensified on Monday as hundreds of members of India’s opposition parties took to the streets to press for a probe into allegations by ...