Business

President Nicos Anastasiades said Cyprus will continue to support the shipping sector, regardless who is in government. “No matter who is president, the established policy cannot be changed, which says ...

United Arab Emirates President Sheikh Mohammed bin Zayed al-Nahyan will travel to Russia on Tuesday to meet with President Vladimir Putin, UAE state news agency WAM reported on Monday. UAE’...

The European Commission’s position regarding the Turkish embargo on Cypriot-flagged ships and airplanes remains unchanged and has been clear for a long time, said EU Transport Commissioner Adina Valean. ...

JPMorgan Chase & Co JPM.N Chief Executive Jamie Dimon said the United States and the global economy could tip into a recession by the middle of the next year, ...

The residual entities of the now-defunct Cyprus Cooperative Bank (CCB) have signed a deal involving the transfer of the former lender’s assets. In a statement, Kedipes (Cyprus Asset Management ...

Sweden won’t share findings of the investigation into the explosions of the Nord Stream gas pipelines with Russian authorities or Gazprom GAZP.MM, Swedish Prime Minister Magdalena Andersson said ...

Russian missile strikes on Ukraine’s power network caused blackouts in many parts of the country on Monday, deepening fears of outages this winter and prompting Kyiv to halt electricity ...

European Union countries will seek a November deal on more emergency measures to tackle high gas prices, officials said, although countries still disagree on what form those measures would take ...

Power transmission through a 600 megawatt (MW) undersea cable between Sweden and Poland was expected to resume by midnight on Monday after suffering an unplanned outage on Sunday evening, Polish power ...

Austria said on Monday it was seeking to enlist other European Union countries to support its legal action against Brussels for labelling investment in gas and nuclear power as “green”. ...

Germany on Monday said it plans to urgently implement a 96 billion euro ($93 billion) plan to ease pressure on consumers from surging gas prices as it was warned that the supply ...

A trio of U.S. economists including Former Federal Reserve chief Ben Bernanke won this year’s Nobel Economics Prize on Monday for laying the foundation of how the world ...

While British households head into a winter of soaring energy costs, a tumbling currency and nearly double-digit inflation, the country’s banks are in line for a handsome payday as ...

Cyprus has established itself as a competitive and modern international shipping centre, President Nicos Anastasiades said on Monday, kicking off the Maritime Cyprus conference. Cyprus has established itself as a ...

The Bank of England moved to ease concerns about the expiry at the end of this week of its emergency programme to calm turmoil in the government bond market, including ...

CEO of Hellenic Bank Oliver Gatzke has been placed on compulsory leave by the board of directors pending an internal investigation into allegations of statements and actions attributed to him. ...

Oil prices fell on Monday, snapping five days of gains, as investors took profits after a report on slowing economic activity in China, the world’s biggest crude importer, re-ignited ...

Turkey’s unemployment rate dropped 0.4 percentage points month-on-month to 9.6 per cent in August, while a seasonally adjusted measure of labour under-utilisation fell to 19.8 per cent, data showed on Monday. The ...

The Turkey-Libya MoU increasing tensions with Greece After a quiet year in 2021, perhaps as a result of Covid-19, we are back to the perennial problem of exclusive economic zones (EEZ) ...

By Andreas Charalambous Omiros Pissarides Largely due to its size and geopolitical factors, the Turkish economy continues to attract the interest of economic analysts. The recent decision of the Turkish ...

Energean ENOG.L has begun pumping gas to its floating production facility in the offshore Karish gas field as part of reverse flow testing procedures approved by the Israeli government, ...

EU Transport Commissioner Adina Valean will be in Cyprus on Sunday to attend the opening of the Maritime Cyprus conference in Limassol. The conference officially kicks off Sunday night with ...

European Union rules to regulate crypto assets will curb the market share of non-euro denominated stablecoins from 2024, potentially limiting EU competitiveness, industry representatives have said. Ambassadors for the 27 EU states ...

A blockchain linked to Binance, the world’s largest crypto exchange, has been hit by a $570 million hack, a Binance spokesperson said on Friday, the latest in a series of ...