Musk’s banks may have a way to cut losses from Twitter deal
Elon Musk’s banks, faced with huge losses on their commitment to finance the $44 billion buyout of Twitter Inc (TWTR.N), may not be able to back out of the ...
Hack jitters push bitcoin investors back to the future
It’s not easy being a crypto investor.
They’ve seen the value of their holdings drop like a brick this year, and now many are stewing over the safety ...
Nissan takes $687 mln loss as sells Russian business for 1 euro
Nissan Motor Co Ltd (7201.T) will hand over its business in Russia to a state-owned entity for 1 euro ($0.97), it said on Tuesday, taking a loss of around $687 million in the ...
IMF upgrades Cypriot economy 2022 growth rate compared to April forecast
The International Monetary Fund (IMF) has upgraded its forecast on the growth rate of the Cypriot economy in 2022 to 3.5 per cent of the GDP from 2.1 per cent that it expected ...
Biden congratulates Israel, Lebanon on maritime border deal
U.S. President Joe Biden spoke with the leaders of Israel and Lebanon on Tuesday to congratulate them over what the United States sees as a historic breakthrough over the ...
Opening up of electricity market now pushed back to next year
The ever-elusive date for opening up the electricity market appears to have been pushed back to 2023, as among other things the necessary legal regulations have yet to be passed by ...
Cyprus to host regional gas forum, focus on EU energy security
The upcoming conference of the Eastern Mediterranean Gas Forum (EMGF) in Cyprus on October 14, which Minister of Energy, Commerce and Industry Natasa Pilides is leading as forum president, will centre ...
War and prospect of rate hikes hoist dollar, gilt wipeout hits Treasuries
Asian stock markets fell and the dollar rose on Tuesday with investors worried about rising interest rates and an escalation in the Ukraine war, while Treasury yields leapt as a ...
Russian gas supply gap casts chill in Europe as winter nears
Europe needs to pay up to import liquefied natural gas, pray for a mild winter and cut energy demand as any sabotage of infrastructure or even deeper cuts to Russian ...
Fire-fighting Bank of England forced to buy inflation-linked bonds
The Bank of England acted again on Tuesday to stem a sharp sell off in Britain’s 2.1 trillion-pound ($2.31 trillion) government bond market by announcing the purchase of inflation-linked debt until ...
UK labour market exodus drives jobless rate down to 3.5 per cent
Britain’s unemployment rate fell to its lowest since 1974 at 3.5 per cent in the three months to August, but the drop was driven by a record jump in the number ...
Heathrow Airport warns on demand outlook for travel
Britain’s biggest airport Heathrow warned that the demand outlook for the coming winter was uncertain given the growing economic headwinds plus the impact of a new wave of COVID-19 ...
New release Chronoly (CRNO) soars while Cardano (ADA) and Decentraland (MANA) fail to recover
The Chronoly (CRNO) token has been increasing in price and reputation since the coin was officially launched. The project brings a 24-7 trading marketplace to the luxury timepiece investment world. ...
Stellantis, GME Resources seal nickel and cobalt deal for battery production
Carmaker Stellantis (STLA.MI) has signed a non-binding preliminary agreement with GME Resources (GME.AX) to secure supplies of nickel and cobalt sulphate for electric vehicle (EV) batteries, the two ...
Musk’s acrimonious Twitter bid heads for business school case study immortalisation
Elon Musk’s $44 billion Twitter (TWTR.N) takeover saga comes with all the drama necessary to be immortalised in case studies for future captains of industry, as the tycoon’s ...
Amazon to invest over 1 billion euros in European electric van, truck fleet
Amazon said on Monday it will invest more than 1 billion euros ($974.8 million) over the next five years in electric vans, trucks and low-emission package hubs across Europe, accelerating its drive ...
EU launches online job-seekers tool for Ukraine refugees
The European Commission unveiled a new online tool on Monday to help Ukrainians find a job as the bloc looks to extend its protection for those displaced by Russia’s ...
Support for shipping will continue, no change in policy, says Anastasiades
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 ...
UAE president to meet Russia’s Putin to discuss Ukraine
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’...
EU Commission stands by Cyprus on lifting of Turkey’s embargo on ships and airplanes
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 CEO Dimon warns of recession in 6 to 9 months – CNBC
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, ...
Kedipes’ former Co-op assets transferred
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 Nord Stream investigation findings with Russia – PM
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 ...
Blackouts after Russian strikes deepen Ukraine’s concerns before winter, electricity exports halted
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 ...