Business

Saudi Arabia’s gross domestic product rose by 11.8 per cent in the second quarter compared with the same period in 2021, according to initial government estimates on Sunday, as the world’...

Turkey’s inflation is expected to near 81 per cent in July and was seen declining to just 70 per cent by end-2022, a Reuters poll showed on Friday, as global energy ...

Despite the ongoing pandemic and the effects of the Russian invasion of Ukraine, Cypriot tourism is recording significant gains during the 2022 tourist season, CNA reported, citing the French news agency, ...

Very few politicians seem to grasp the magnitude of the coming crisis, its impact and its costs Europe’s energy security is on a knife edge. The concern that there ...

Pilots at German flagship carrier Lufthansa LHAG.DE voted on Sunday by a margin of 97.6% in favour of industrial action, threatening further disruption during the busy summer travel season. Strikes ...

According to a senior Microsoft executive, a new trend is emerging among both mature organisations and startups, which involves the use of digital technology as a guiding principle through the ...

By Andrew Dunne With the tourism industry on a high bounce following the lifting of pandemic restrictions, many holiday-goers are looking for ways to travel more responsibly and sustainably. But ...

Qualcomm Inc (QCOM.O) forecast fourth-quarter revenue below Wall Street targets on Wednesday, bracing for a difficult economy and a slowdown in smartphone demand that could hurt its mainstay handset ...

Japan’s Panasonic Holdings Corp (6752.T), which supplies batteries to Tesla (TSLA.O), posted a 39 per cent drop in first-quarter earnings on Thursday as China’s COVID-19 lockdowns and rising ...

The Bank of Cyprus’ voluntary retirement plan, which recently received approval for the departure of 550 people at a cost of approximately €99 million, was described as credit positive in a report ...

Japan’s Sony Group Corp (6758.T) on Friday trimmed its full-year profit forecast due to an expected weaker performance at its key gaming unit, which posted a steep drop in ...

Venus Minerals chairman and Euromines president Mark Rachovides on Friday said that the European Union must step up its domestic production of critical raw materials to accelerate the green energy ...

By Luigi Scazzieri Italy’s prime minister, Mario Draghi, finally resigned on July 21 after failing to secure the support of three of his government’s coalition partners in a vote ...

Southeast Asia-focused cryptocurrency exchange Zipmex said it had filed for bankruptcy protection in Singapore, becoming the latest victim of the global downturn in digital currencies. Singapore-based Zipmex resumed withdrawals last ...

Cryptocurrencies have been hard hit by fears interest rate hikes will end the era of cheap money, with the world’s largest digital asset, bitcoin, down more than 56 per cent ...

While millions are fretting whether they can afford another $1,000 on energy this year, others are still splashing out on $10,000 Hermes handbags as soaring prices leave wealthier people relatively unscathed. A ...

Dubai’s red-hot property market surged in the first half of the year as investors piled in, with Russians among the top five buyers as the emirate benefits from an ...

Euro zone inflation rose to another record high in July and its peak could still be months away, keeping pressure on the European Central Bank to opt for another big ...

Mohamed Abu Khodr had been waiting for hours outside a Beirut bakery in hopes of buying two bags of subsidised bread he needs to feed his family. But there was ...

British bank NatWest (NWG.L) raised its full-year guidance and made a bumper payout to shareholders on Friday after rising interest rates lifted its finances, despite runaway inflation threatening to ...

Ben & Jerry’s and its parent company Unilever Plc (ULVR.L) did not reach an out-of-court agreement on a dispute over the sale of the ice cream maker’s ...

Embria, a Cyprus-based venture builder firm that founds, funds and grows startups from the ground up, on Thursday announced that it has provided a $500,000 seed investment in 10K Riders. “Investing ...

US supermodel Bella Hadid has stepped from the catwalk into the metaverse with the launch of CY-B3LLA – a collection of Non-Fungible Tokens featuring artwork based on 3-D scans of ...

Cypriot banks see a tightening of lending criteria for the second quarter of 2022, due to the uncertainty related to Russia’s invasion of Ukraine, according to the Q1-22 Bank ...