Business

Cyprus’ non-performing loan (NPL) ratio rose to 11.4 per cent in the first quarter of 2022, according to a report released this week by the Central Bank of Cyprus. The NPL ratio ...

By Ioannis Tirkides The economic debate on the minimum wage, either its introduction on a national scale or its raise to a higher level, is no longer as controversial as ...

Celsius Network listed a $1.19 billion deficit on its balance sheet in a bankruptcy court filingon Thursday, a day after the cryptocurrency lender filed for Chapter 11. New Jersey-based Celsius froze withdrawals ...

The head of the company now running the former McDonald’s Corp chain of restaurants in Russia told RBC TV that producers of French fries are refusing to supply to ...

Etihad Airways on Friday said it would operate all five return daily Abu Dhabi – London Heathrow flights at full capacity until at least the end of the month despite a ...

A UK judge on Friday rejected an attempt by Airbus to invoke a De Gaulle-era law restricting the way it responds to foreign courts, as a high-profile dispute with Qatar ...

Germany’s cartel office said it has since May been investigating the divergence between crude oil prices, refinery sale prices and service station prices but had not yet drawn any ...

Amazon.com said it would recruit 4,000 workers in Britain this year, including at fulfilment centres in Wakefield and Knowsley, taking its permanent workforce to 75,000 and making it one of the ...

American tourist Shawna Wilson says she has splashed out on four dresses at the high-end LVMH-owned department store La Samaritaine in Paris, tempted by the prices as the euro reached ...

The digital yuan is the name given to the central bank currency issued with the appropriate stamp of China’s Bank. The currency has made the target of converting the ...

Saudi Arabia, the world’s largest oil exporter, more than doubled the amount of Russian fuel oil it imported in the second quarter to feed power stations to meet summer ...

Karma Developers have proudly completed and delivered one of their most inspirational projects along the island’s east coast: the EDEN Residences. On the evening of July 8, Karma Team and ...

Shell is considering boosting shareholder returns on the back of bumper profits from soaring energy prices, while the extra cash will also help it shift more swiftly towards renewables and ...

The US dollar held at a two-decade high on Friday as a broad wave of risk aversion swept through global markets, with traders flirting with the prospect of a 100 basis ...

Russia’s central bank is resisting domestic calls to take over the running of foreign lenders’ local businesses, two sources with direct knowledge of the matter told Reuters, concerned in ...

We can call Bitcoin a very motivating and astonishing option for investment. It is because it remains volatile and controversial to a great extent, and we see it obscuring to ...

The European Commission on Thursday said that the Cypriot economy exceeded expectations during the first quarter of 2022, with a number of sectors outpacing performance forecasts. “The Cypriot economy surprised on ...

Twitter Inc’s (TWTR.N) fight with Elon Musk to enforce his $44 billion deal to buy the social media platform could attract scrutiny from the US securities regulator over whether ...

The Research and Innovation Foundation (Idek) this week announced that it has provided funding to start-ups and other innovative businesses worth a total of €8.5 million. The foundation said that it ...

Amazon (AMZN.O) has offered to halt online selling and marketing practices EU antitrust regulators regard as anti-competitive to try to end two investigations and avoid a possible hefty fine, ...

By George Pirishis With the cost of energy and electricity increasing dramatically, there are many households trying to take advantage of the subsidisation programmes by the Ministry of Energy, Trade ...

Twitter (TWTR.N) was coming back online on Thursday after an hour-long outage kept thousands of users across the globe from accessing the social media website. The outage affected nearly 2,000 ...

US crypto lender Celsius Network said on Wednesday it has filed for bankruptcy, becoming the latest victim in the cryptocurrency sector to wilt under a dramatic plunge in prices. New ...

The euro’s tumble below $1 for the first time in two decades puts it on course for one of the worst years in its history, especially if the energy price ...