Business

OPEC and its allies led by Russia on Monday agreed a small oil production cut to bolster prices that have slid on fears of an economic slowdown. The oil producers ...

Russian gas giant Gazprom said on Monday it had received a formal warning from Russian regulators that the idled Portovaya compressor station, which is supposed to push gas towards Germany ...

France will send gas to Germany if needed while Germany stands ready to provide it with electricity, President Emmanuel Macron said on Monday, saying this showcased European solidarity in the ...

Germany will keep two of its three remaining nuclear plants available for power production as part of a reserve scheme recommended by power transmission grid operators (TSOs) that stress-tested electricity ...

Upcoming European Commission proposals to tackle surging energy prices will aim to cap the price of gas Russia sends to Europe via pipelines, and offer support to electricity producers facing ...

German gas importer Uniper UN01.DE does not rule out Europe’s biggest economy will eventually consider gas rationing after Russia stopped flows via its main pipeline to the continent ...

Ukraine made its boldest claim yet of success on the battlefield in its week-old counter-offensive against Russian forces in the south, while European markets went into free-fall on Monday after ...

Greece plans to tap higher than expected revenues from tourism this year, the country’s biggest cash-earner, to keep subsiding power bills, the government spokesman said on Monday. Government spokesman ...

Sterling plumbed a fresh post-pandemic low on Monday as Russia kept one of its main gas supply routes to Europe shut, adding to recession fears on the day that Britain ...

As the Bank of Cyprus continues efforts to steer customers away from its branches, it on Monday reminded customers they can deposit a cheque themselves using the bank’s app. ...

ΤΗΕ building development seen in towns with the construction of apartment buildings between houses is now a necessity due to the lack of available plots. The adverse effect on amenities such ...

A good effort by the Cyprus Land Development Organisation (ΚΟΑG) to offer properties for rent (residential) at affordable levels. The announcement by this organisation and Limassol municipality to help lower ...

Japan’s Toyota Motor Corp will suspend some evening shifts at three plants in western Japan due to an approaching typhoon, it said on Monday. Toyota will suspend Monday night ...

Britain’s competition regulator finally cleared NortonLifeLock’s (NLOK.O) acquisition of British rival Avast (AVST.L)on Friday, saying the security software market would remain competitive after the $8.6 billion ...

The Nord Stream 1 pipeline that transports Russian gas to Germany will undergo further maintenance, Gazprom said on Friday after scrapping a Saturday deadline to resume flows, deepening Europe’s difficulties ...

Italy’s net energy import costs are set to more than double this year to nearly 100 billion euros ($99.5 billion), the economy minister said, warning Rome could not spend indefinitely to ...

With the overall rapid growth of air travel, aircraft design is ripe for decarbonisation, but widespread electric flight requires better batteries and lightweight systems By Gareth Willmer As the aviation ...

Visitors to Cyprus would find it hard not to have noticed herds of goats chewing away on a dark, boomerang-shaped carob, or not sampled the dark velvety syrup, drizzled on ...

Russia does not support an oil production cut at this time and it is likely OPEC+ will keep its output steady when it meets Monday, the Wall Street Journal reported ...

The EU has finally woken-up to the seriousness of the problem High energy prices are here to stay for many years to come. Last week, Shell’s CEO, Ben van ...

Melissa Hekkers went on board to see the sinking of 60 amphorae By 10am the boat that was driving us to our meeting point was anchored in place. At about one ...

An unbelievably frustrating experience at Larnaca airport with Wizz Air By Katerina Nicolaou What is best? A cold Alexa goddess or a displaced Cypriot girl consumed by the emotion that ...

Cyprus borrowed heavily with low-cost bond issues to finance their excessive current expenditures Economic and financial crises in the euro area are fast developing. With supply-side problems most strikingly reflected ...

European gas buyers already grappling with record-high prices face further pain when the markets open on Monday after Russia said one of its main supply pipelines to Europe would remain ...