Business

Egypt’s move to raise interest rates is a step in the right direction and a flexible exchange rate will help protect its economy from shocks at a time of ...

Turkey’s central bank sent a letter to local lenders on Monday, warning them against conducting forex transactions with foreign banks during “off hours” and offering deposits with very high ...

Russian President Vladimir Putin on Monday said a natural gas hub could be set up in Turkey fairly quickly and predicted many customers in Europe would want to sign contracts. ...

In the world of cryptocurrency, there are always a few coins that stand out from the rest. These are the coins that make headlines and generate a lot of buzz. ...

Tesla Inc TSLA.O boss Elon Musk said on Monday he will serve as chief executive of Twitter, the social media company he just bought for $44 billion, a move that ...

The Central Bank of Cyprus (CBC) on Monday released a report on household debt in Cyprus, with the current figure standing at €20.1 billion at the end of June 2022, with the ...

The Association of Cyprus Tourist Enterprises (Stek) on Monday warned that soaring energy costs will have an extremely negative impact on the Cypriot tourist industry, stressing that it will severely ...

Credit Suisse (CSGN.S) on Monday unveiled details of its plan to raise 4 billion Swiss francs ($4.01 billion) from investors to support the embattled bank’s bid to tackle the biggest ...

Elon Musk has assured the European Commission that Twitter will abide by tough European rules on illegal online content policing now that the social network has passed under his ownership, ...

German-listed shares in Brazil’s state-run oil company Petrobras (PETR4.SA) slipped more than 7 per cent in early European trade after leftist leader Luiz Inacio Lula da Silva narrowly defeated ...

The fallout on Cyprus’ maritime shipping industry from EU sanctions has been ‘manageable’, the deputy minister for shipping said on Monday. Vasilis Demetriades made the remarks in parliament while presenting ...

Finance Minister Constantinos Petrides warned on Monday that “tectonic shifts are underway” as he warned that the days of cheap energy and cheap money are over. Petrides made the comments ...

Oil prices fell on Monday following weaker-than-expected factory activity data out of China and on concerns its widening COVID-19 curbs will curtail demand. Brent crude futures dropped 63 cents, or 0.7 per ...

In March, clothing retailer Gap Inc (GPS.N) joined numerous Western companies in announcing that it was halting deliveries to Russia to protest its invasion of Ukraine. “As a values-led ...

A swathe of hacks on some of Australia’s biggest companies has made the country a target for copycat attacks just as a skills shortage leaves an understaffed, overworked cybersecurity ...

Asian stock markets wobbled higher on Monday as hopes waned that the US Federal Reserve might take a less aggressive approach on rate hikes, while wheat leapt on Russia’s ...

Hundreds of Apple (AAPL.O) workers in Australia are set to strike again after almost two-thirds of employees rejected a pay and benefits deal, the latest escalation of a fight ...

If you are one of the 1.2 million people living in the Republic of Cyprus, whether you are a native or ex-pat, you are the envy of thousands of people across ...

Hong Kong’s government has proposed allowing retail investors to trade in cryptocurrencies and crypto exchange-traded funds – a move it hopes will help it rebuild its fintech hub status. The ...

Twitter will revise its user verification process, Elon Musk said in a tweet on Sunday, just days after he took over one of the world’s most influential social media ...

COVID-19 woes at Foxconn’s iPhone assembly plant in China’s Zhengzhou city could slash the site’s November output of the Apple Inc (AAPL.O) device by as much ...

Egypt’s pound fell about 3 per cent to 23.8 against the dollar as trading resumed on Sunday, Refinitiv data showed, after authorities committed to a flexible exchange rate under an International ...

Saudi Arabian shares extended losses on Sunday, weakened by disappointing corporate earnings, volatile energy markets and the expectation the U.S. Federal Reserve will hike interest rates next week. Most ...

Companies and organisations are expected to invest a total of $3.4 trillion to fund their digital transformation strategies by 2026, according to a report released this week by market research company International ...