Business

Switzerland’s secretive banks hold up to $213 billion of Russian wealth, the country’s financial industry association estimates, as sanctions on Russia give a rare glimpse inside Swiss vaults. The ...

Bitcoin has become a popular platform among investors, with more and more people notably buying into the idea of Bitcoin becoming a decentralized, global currency. Anyone can buy or sell ...

Coupon payments on Russian sovereign bonds due this week were received by correspondent bank JPMorgan (JPM.N), processed and the bank then made an onwards credit to the paying agent ...

The gleaming, late-model European jet for sale was a rarity in the hot market for second-hand corporate aircraft. It was only after aviation lawyer Amanda Applegate’s client did some ...

Bitcoin continues to be surrounded by myths, even though the information is accessible to anyone interested in reading about it. This article explores why it might be the ideal investment ...

The benefits of digital solutions and the resulting improvement in business competitiveness were highlighted at an event in Nicosia on Wednesday. The event was organised by IBM spinoff Kyndryl, whose ...

Consumers risk losing all their money invested in cryptoassets and could fall prey to scams, the European Union’s securities, banking and insurance watchdogs said in a joint statement on ...

Russia laid down strict new rules for foreigners seeking permits to buy and sell Russian assets ranging from securities to real estate, a client memo by Citigroup (C.N) showed, ...

State-owned asset management company Kedipes announced on Thursday the launch of a new voluntary retirement scheme (VRS) in order to reduce the number of its employees, which the company considers ...

The island’s largest lender said Thursday it has no banking operations in either Russia or Ukraine, having wound down its business there years ago. In a statement released through ...

As COVID curbs cut travel and duty-free shopping, South Koreans are driving a luxury goods boom at home that has left Chanel barring nearly a third of would-be shoppers to ...

The world’s largest cryptocurrency exchange Binance has been granted a licence to conduct some operations in Dubai, the company said on Wednesday, from where it plans to carry out ...

A new Russian law on leased aircraft showed Moscow could “confiscate” planes and such a move might help it claim insurance, Air Lease Corp (AL.N) said at a time ...

The Cypriot economy continues to grow, showing improvement over the performance of the previous year, but external factors are contributing to a loss of momentum, according to a report by ...

Oil prices climbed about 3 per cent on Thursday after the International Energy Agency (IEA) said markets could lose three million barrels a day (bpd) of Russian crude and refined products ...

Developments are expected soon over the exploitation of Cyprus’ natural gas fields, given the large increase in natural gas prices internationally, Energy Minister Natasa Pilides said on Thursday. Speaking to ...

Airports Council International (ACI Europe) and the International Air Transport Association (IATA) on Monday asked for the removal of all Covid-19 travel restrictions currently in force for trips within the ...

Three million barrels per day (bpd) of Russian oil and products may not find their way to market beginning in April in the wake of its invasion of Ukraine, the ...

Director-General of the Ministry of Finance George Panteli, who represented Cyprus at the EU Economic and Financial Affairs Council (Ecofin) which ended yesterday in Brussels, said on Wednesday that sanctions ...

Michelin and BMW were among the latest companies on Wednesday to warn of disruption to their operations from Russia’s invasion of Ukraine, while ad group Publicis said it had ...

By George Pirishis There are new developments regarding the introduction of the minimum wage in the market since the general director of the Federation of Employers and Industrialists (OEB), Michalis ...

The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point and projected its policy rate would hit a range between 1.75% and 2% by year’s end ...

The euro jumped on Wednesday and was set for its third consecutive daily gains versus the dollar on Wednesday after Russian Foreign Minister Sergei Lavrov said peace talks with Ukraine ...

Russia is due to pay $117 million in interest on two dollar-denominated sovereign bonds on Wednesday – the first such payments since its invasion of Ukraine which sparked a raft of sanctions ...