Business

Adidas (ADSGn.DE) on Thursday said operating profit fell by 28 per cent in the second quarter to 392 million euros ($398.43 million), as results suffered from suspending business in Russia, higher supply ...

The net profit of Turkey’s banking sector leapt 400 per cent from a year earlier to 169.15 billion lira ($9.42 billion) in the first half of the year, the BDDK banking watchdog ...

Germany’s Lufthansa (LHAG.DE) said on Thursday it would offer only around 80 per cent of pre-crisis passenger capacity in the third quarter, less than previously planned, amid staffing shortages ...

British airline easyJet posted a group headline loss of £114 million during the third quarter of 2022, according to its most recent trading update. The above figure includes a £133 million cost impact ...

The Central Bank of Cyprus (CBC) this week released a report showing that pure new credit granted by Cypriot banks in June rose to €343.6 million, representing an increase of 32 per ...

The Central Bank of Cyprus (CBC) has signed the European System of Central Banks (ESCB) equality, diversity, and inclusion Charter. The aim of the Charter, according to a press release ...

The European Union’s securities watchdog has begun preparations for increased scrutiny of crypto transactions after the bloc agreed groundbreaking rules to regulate what it called a “Wild West” sector, ...

Shipping group Maersk (MAERSKb.CO) said it expects weaker 2022 global container demand growth on Wednesday, after moving fewer containers by sea in the second quarter due to worsening consumer confidence ...

United Nations Secretary-General Antonio Guterres on Wednesday slammed the “grotesque greed” of oil and gas companies and their financial backers and urged governments globally to “tax these excessive profits” to ...

Russia’s services sector expanded in July at its fastest pace in more than a year, a business survey showed on Wednesday, as strong domestic demand outweighed slumping export orders ...

The value of German exports jumped by 4.5 per cent in June to hit a record level, though economists cautioned that much of the increase was likely due to soaring prices. ...

The largest company in the world, Amazon.com Inc. (AMZN), is a global leader in e-commerce and cloud computing. The company operates an online store with a broad assortment of ...

Saudi Arabia has set up an agency to promote investment in the country, a key goal of an ambitious economic reform agenda, the investment minister and state media said on ...

Turkish inflation rose to a fresh 24-year high of 79.6 per cent in July, data showed on Wednesday as the lira’s continued weakness and global energy and commodity costs pushed ...

The number of companies filing for voluntary liquidations in England and Wales hit a record high in the second quarter of this year as businesses struggled without the support available ...

Turkey’s central bank governor dismissed criticism of recent loan regulations from a second business group on Tuesday, arguing the measures create favourable financial conditions for exporters. Companies have been ...

Uber Technologies Inc (UBER.N) on Tuesday reported positive quarterly cash flow for the first time ever and forecast third-quarter operating profit above estimates, betting on steady demand for its ...

Russian retailer X5 Group (FIVEDR.MM) is stepping up an investment drive with plans to buy controlling stakes in two Siberian companies, open hundreds of new stores of its discount ...

International rating agency S&P Global Ratings this week announced that it has affirmed its ‘B+/B’ long- and short-term issuer credit ratings for the Bank of Cyprus, maintaining ...

The Gloria Jean’s Coffee franchise in Cyprus will now be under new ownership, with the new owner being Lanitis Entertainment. This marks the end of C.C. Coffee Company’...

The Bank of Cyprus on Tuesday announced that it has been named as the ‘Best Bank’ in Cyprus for 2022 by finance magazine Euromoney. The bank said that the accolade comes ...

US crypto firm Nomad has been hit by a $190 million theft, blockchain researchers said on Tuesday, the latest such heist to hit the digital asset sector this year. Nomad said ...

It’s been a good month for bitcoin – and we haven’t said that for a while. After months of freefall, it jumped more than 17 per cent in July, its ...

The Gloria Jean’s Coffee franchise in Cyprus has been sold to Lanitis Entertainment. This marks the end of C.C. Coffee Company’s 16-year ownership of the coffee chain ...