Business

When planeloads of Russian tourists left Cuba this week, their vacations interrupted by war in Ukraine, it marked a sad day in the resort town of Varadero, a visible sign ...

In the aftermath of Russia’s invasion of Ukraine, European Commission (EC) President Ursula von der Leyen said “EU’s strategy for hydrogen and LNG will be intensified, along with ...

Director general of the finance ministry George Panteli will represent Finance Minister Constantinos Petrides at the Eurogroup and Ecofin meetings taking place on Monday and Tuesday. During the Eurogroup ministers ...

Brazil’s central bank announced tougher rules for fintechs on Friday, saying that payment institutions will be subject to regulations based on their size and complexity and raising standards for ...

The Ukrainian president’s economic adviser on Saturday played down the risks of the hryvnia devaluating further, despite the Russian invasion of the country which began on Feb. 24. Oleg Ustenko ...

Russia’s central bank on Saturday said it has decided not to reopen stock market trading on the Moscow Exchange from March 14-18, with the exception of some non-open-market transactions ...

Saudi Arabia and the United Arab Emirates are among the few oil producers globally with spare capacity they could draw on quickly to increase output, help offset supply losses from ...

The German government, working to reduce its dependence on Russian oil and gas, discussed energy supplies with Qatar this week, the federal chancellery’s state secretary said on Saturday. “We ...

Tech giant Microsoft has launched the Startups Founders Hub, an open platform created to help startup companies deal with a number of commonly-faced challenges, it announced on Tuesday. “Startups play ...

Crypto firms in the United Arab Emirates (UAE) are being deluged with requests to liquidate billions of dollars of virtual currency as Russians seek a safe haven for their fortunes, ...

Ukraine’s two leading suppliers of neon, which produce about half the world’s supply of the key ingredient for making chips, have halted their operations as Moscow has sharpened ...

Deutsche Bank (DBKGn.DE) said it was not withdrawing completely from Russia, drawing anger from investors and contrasting with Wall Street banks which are severing ties with the country over ...

The rise in energy and grain price levels due to the war in Ukraine, but also the possibility of stagflation are his main concerns Finance Minister Constantinos Petrides said on ...

President Tayyip Erdogan’s wager that Turkey could ride out an inflation and currency shock with low rates and reserves has all but collapsed, after the fallout from the war ...

The sanctions against Russia following its invasion in Ukraine and the potential impact on the Cypriot economy will be one of the main issues to be discussed in the context ...

Rich Russians are trying to shift some of their wealth from Europe to Dubai to shield assets from a tightening wave of Western sanctions on Russia over its invasion of ...

The latest on Russia’s oligarchs and their assets: ALISHER USMANOV Alisher Usmanov, 68, metals and telecoms tycoon with an estimated $16.2 billion net worth has been sanctioned by the United States ...

Justice Minister Stefi Drakou on Thursday held a meeting with Institute of Certified Public Accountants (Selk) president Pieris Markou, with their discussion focusing on the implementation of the anti-corruption legal ...

By George Pirishis The EU sanctions against Russia do not exclude the “golden passport” and “golden visa” programmes since a legislative initiative report of the European Parliament calls on the ...

European champions Chelsea are now effectively controlled by the British government after sanctions were imposed against Russian owner Roman Abramovich on Thursday. Abramovich, who had been under scrutiny following Russia’...

kraine’s top government economic adviser Oleg Ustenko said on Thursday that invading Russian forces have so far destroyed at least $100 billion worth of infrastructure, buildings and other physical assets. ...

Russia and Belarus are edging close to default given the massive sanctions imposed against their economies by the United States and its allies over the war in Ukraine, the World ...

By Maria Demertzis The events that have unfolded since 24 February have solved one dispute: inflation is no longer temporary. There are four reasons to expect sustained inflationary pressures and one ...

The Kremlin said on Thursday that Russia’s economy was experiencing a shock and that measures were being taken to soften the impact of what it described as an “absolutely ...