Business

Whoever coined the phrase “king dollar” certainly had good reason for doing so and currency trading this week only confirms that the epithet holds true. With recession risks running high, ...

Shell (SHEL.L) said on Thursday said it would reverse up to $4.5 billion in writedowns on oil and gas assets after it raised its energy prices outlook following Russia’s ...

The euro edged higher on Thursday, supported by rising risk appetite but still within striking distance of its two-decade low as surging energy prices fuel recession fears. Meanwhile, implied volatility ...

Israel’s economic growth is expected to slow to 4.9 per cent in 2022 after an 8.2 per cent spurt last year, the Finance Ministry said on Thursday. It expects higher inflation and ...

The Turkish central bank is ready to source unlimited funding for lira rediscount credits extended to exporter companies, a source with knowledge of central bank actions said on Wednesday. Turkish ...

Numerous stakeholders from the Cypriot business, research and academic communities examined the implementation and benefits of corporate sustainability at a conference held earlier this week at Hilton Nicosia. The conference, ...

Total new loans recorded an increase in May 2022, amounting to €362.9 million in total, according to a report released this week by the Central Bank of Cyprus. This has been primarily ...

US crypto lender Voyager Digital (VOYG.TO) said on Wednesday it had filed for bankruptcy, becoming another casualty of a dramatic fall in prices that has shaken the cryptocurrency sector. ...

India’s new cryptocurrency tax has dealt a heavy blow to the country’s crypto exchanges, adding to broader sectoral woes and sending trading volumes plunging by up to 90 per ...

The head of the International Monetary Fund (IMF) on Wednesday said the outlook for the global economy had “darkened significantly” since April and she could not rule out a possible ...

Finance Minister Constantinos Petrides on Wednesday said that the government’s long-term economic strategy Vision 2035 is based on tangible actions and is designed to tackle the challenges that Cyprus will ...

Europe’s Airbus (AIR.PA) has raised the stakes in a dispute with Qatar Airways over damage to the painted surface of long-haul A350 jets by revoking the contract for ...

Global football players union FIFPRO has warned footballers about the risks of signing for clubs in China, Turkey, Greece and several other countries due to “systematic and widespread contractual violations”. ...

A stampede for dollars as global recession risks mount has left other currencies battered and bruised, with the euro getting trampled on more than most as surging European gas prices ...

Mecca’s crowded streets provided Saudi merchant Dhikra Faqihi with much-needed relief as pilgrims returned to the annual haj after two years of pandemic-related disruption, with many rushing to buy ...

Oil prices rose as much as nearly 3 per cent on Wednesday before paring some gains as investors piled back into the market after a heavy rout in the previous session, ...

The Turkish lira weakened 0.5 per cent against the dollar early on Wednesday, hit by broad strength in the U.S. currency and by investor concerns about soaring inflation and economic ...

The lifting of Covid-19 measures has swiftly elevated global air travel demand, Airports Council International (ACI) World said in a report published earlier this week. ACI’s quarterly assessment, which ...

The Deputy Ministry for Research, Innovation and Digital Policy on Tuesday announced that minister Kyriacos Kokkinos is taking part in the 26th Annual Economist Government Roundtable, which is taking place ...

A French Member of the European Parliament (MEP) urged France’s market regulator to review its decision to register the Binance cryptocurrency exchange, citing a recent Reuters investigation into money ...

Eurostat, the statistical office of the European Union, on Tuesday announced that there was a slight improvement in overall employment in the EU during the first quarter of 2022, when compared ...

The euro slumped to a two-decade low on Tuesday as the latest surge in European gas prices added to the region’s recession worries and a rebound in US Treasury ...

The NFT dream isn’t dead, but it’s taken a big non-fungible beating. The market shone gloriously last year as crypto-rich speculators spent billions of dollars on the risky ...

Brent oil prices were little changed on Tuesday, reversing earlier gains of $1, as investors weighted supply concerns, highlighted by a potential production cut in Norway, and worries about a possible ...