Business

Calls to the Bank of England saying some British pension funds were struggling to meet margin calls began on Monday. By Wednesday they were getting more urgent and coordinated. Wild ...

OPEC+ will consider an oil output cut of more than a million barrels per day (bpd) when it meets on Oct. 5, OPEC sources told Reuters on Sunday. The figure is ...

By Andreas Charalambous and Omiros Pissarides For a prolonged period the prices of conventional energy (coal, oil and natural gas) were contained at low levels, mainly reflecting the view that ...

Italy will be able to get through the winter with existing gas storage and flow levels unless there are “catastrophic events”, the country’s energy minister said on Sunday. “We ...

‘Petty politics’ has seen two ministers argue with the auditor general this week in a war of words that does not look like it is going anywhere The government is ...

By Charles Ellinas A report on the ‘Digital Quality of Life Index 2022’ ranks Cyprus 37th in the world by overall digital wellbeing, down two places since last year’s edition, ...

Cheapest rent in Nicosia is €300 for 30 square metre container-like room in Lakatamia By Nick Theodoulou Rents are up by 50 per cent in some areas – and not just in Limassol – with ...

Credit card transactions during the first eight months of 2022 in the occupied areas by Cypriot citizens residing in the south more than doubled, reaching €29.37 million compared to the corresponding period ...

Israel gave its preliminary nod on Sunday to a draft U.S.-brokered deal demarcating a maritime border with Lebanon that may lead to profit-sharing in a disputed Mediterranean gas ...

By Ioannis Tirkides Technology has always been a defining force of economic organisation and of the dynamics in labour markets. By definition, all economic growth comes from two sources, the ...

Tencent is resetting its M&A strategy to put more focus on buying majority stakes mainly in overseas gaming companies, as the tech giant eyes global expansion to offset ...

Greece and Bulgaria started commercial operation of a long-delayed gas pipeline on Saturday which will help decrease southeast Europe’s dependence on Russian gas and boost energy security. The 182-km ...

Bankrupt crypto lender Celsius Network said on Friday it is not seeking to enforce payment obligations for outstanding loans during its Chapter 11 proceedings and that borrowers do not need to ...

British Prime Minister Liz Truss said she recognised there had been some financial market disruption following the government’s so-called mini budget and that it was important monetary and fiscal ...

Recently it was reported that a Luna Classic trader (LUNC) was minted a millionaire. However, if the lucky duck didn’t take his profit, then much of it has been ...

Vibrant Limassol event plays host to business and technology stakeholders from Cyprus and abroad By Kyriacos Nicolaou Startup founders, entrepreneurs, media personalities, technology sector stakeholders and creatives all got together ...

Ariana Resources, the AIM-listed mineral exploration and development company with gold mining interests in Cyprus and elsewhere in Europe, on Friday announced its unaudited interim results for the six months ...

The Nicosia Chamber of Commerce and Industry (Evel) this week announced that it successfully held an event on branding and businesses and professionals can create value for enterprises, industries and ...

Euro zone inflation zoomed past forecasts to hit 10.0 per cent in September, a new record high that will reinforce expectations for another jumbo interest rate hike next month from the ...

The dollar rose against the euro on Friday but pared gains late in a session that was muddied by quarter-end trading while riskier commodity-led currencies fell sharply after European inflation ...

Ratings agency Standard & Poor’s cut the outlook for its AA credit rating for British sovereign debt to “negative” on Friday from “stable,” citing rising fiscal risks and an ...

Finance Minister Constantinos Petrides on Friday announced that the state budget for 2023 has been approved by the Cabinet of Ministers, noting that it is the most growth-oriented and green budget ...

QatarEnergy CEO and state minister for energy Saad al-Kaabi said on Thursday that skyrocketing energy prices are “weighing painfully” on the global economy, dampening support for the transition to green ...

Oil prices were little changed during Asian trade on Friday, though headed for their first weekly gain in five weeks, underpinned by a weaker US dollar and the possibility that ...