Business

The dollar rallied again on Friday, as U.S. Treasury yields rose ahead of a potentially huge Federal Reserve interest rate hike next week, while China’s yuan weakened past ...

Russia’s economy is not likely to return to pre-war levels before the end of this decade as the Ukraine war and stricter sanctions worsen long-standing economic deficiencies, Scope Ratings ...

Israel’s annual consumer price index (CPI) of inflation dipped to a 4.6 per cent rate in August, the Central Bureau of Statistics said on Thursday, easing from a 14-year high ...

US economic data remains strong but a range of financial indicators point to a sharp slowdown over the next year that would dampen oil consumption and lead to lower prices. ...

Oil prices edged higher on Friday but were on track for a weekly decline amid fears of sharp interest rate hikes that would slam global growth and hit fuel demand. ...

The German subsidiary of Russian oil giant Rosneft (ROSN.MM) was placed under trusteeship on Friday, giving Germany’s federal regulator control of the PCK refinery in Schwedt, a key ...

Air Canada (AC.TO) on Thursday said it would buy electric planes for the first time with the acquisition of 30 battery-powered regional aircraft from Heart Aerospace, as more airlines turn ...

Cyprus Airways on Friday announced 28 weekly flights to key destinations as part of its winter flight schedules, due to start on October 30. There will be two daily flights to Athens, ...

When reading financial statements, you might notice stated GAAP vs. non-GAAP values. The United States requires all public corporations to follow widely accepted accounting rules (GAAP). These concepts are used ...

The tax forms you file depend on what kind of income you earn during the year, but there are a few general ones that everyone should file in the US. ...

Council for Registration of Real Estate Agents president Marinos Kineyirou this week released a statement addressing the issue of soaring rental costs in Cyprus. “The troubling situation with rents is ...

Total hourly labour costs in Cyprus increased by 5.2 per cent year-on-year during the second quarter of 2022, according to preliminary data published on Thursday by the Cyprus Statistical Service (Cystat). The ...

A bill designed to enshrine into national law a European Union directive for the screening of foreign direct investment (FDI) was submitted to the Cabinet of Ministers this week. The ...

Adobe Inc will buy startup Figma for about $20 billion in its biggest deal, the Photoshop maker said on Thursday, bulking up on applications that support online collaboration amid a global ...

Africa-focused fintech firm Flutterwave said on Wednesday it has added Nigeria’s eNaira as a payment option for merchants, a move that could help boost adoption of the digital currency. ...

One, a fintech company backed by Walmart Inc , will introduce checking accounts to thousands of Walmart employees and a small percentage of its online customers for beta testing in the ...

The transport ministry on Thursday announced direct air connection to three Saudi airports. The flights will start in April 2023. The first will be Larnaca–Riyadh. In July of the same ...

Savers held up two banks in Lebanon on Wednesday to demand access to their own deposits frozen in the country’s paralysed financial system, underlining desperation among citizens unable to ...

Oil fell on Thursday as expectations of weaker demand and a strong US dollar ahead of a potentially large interest rate increase outweighed supply concerns. The International Energy Agency said ...

Software for the Ethereum blockchain has been overhauled, drastically reducing its energy usage, its inventor and co-founder tweeted on Thursday. The new system will use 99.95 per cent less energy, according ...

Two seemingly armed and desperate Lebanese depositors held up banks on Wednesday to force access to their own money, which has been blocked during a national financial meltdown. One woman ...

The cryptocurrency market has been highly turbulent since it reached an all-time high in November 2021. Moreover, till the middle of this year, global investment in digital asset funds remained noticeably ...

There’s no denying the fact that social media allows for two-way communication between customers and businesses. After all, social media can be used for reaching out to a larger ...

Central Bank of Cyprus (CBC) governor Constantinos Herodotou on Wednesday addressed the Association of Cyprus Banks, during the latter’s annual general meeting, touching on the uncertainty plaguing the current ...