Business

Oil prices dropped after touching the $90 per barrel mark on Thursday as traders awaited clarity on potential OPEC+ cuts next week and as the dollar eased off 20-year highs. Brent ...

Once unthinkable, mobile phones could go dark around Europe this winter if power cuts or energy rationing knocks out parts of the mobile networks across the region. Russia’s decision ...

Fatih Birol, head of the International Energy Agency (IEA), said on Thursday it was “very obvious” who was behind the suspected sabotage against the Nord Stream pipelines which caused major ...

Eight of the world’s biggest banks, including Deutsche Bank, Goldman Sachs and Bank of America, say it is unfair to rope them into a vast London lawsuit over alleged ...

Oil prices retreated slightly on Thursday after gaining more than $3 in the prior session, with a strong dollar capping oil demand from buyers using other currencies and concerns over the ...

Cyprus will request specific exemptions from the measures concerning the mandatory reduction of energy demand during peak hours, as well as the imposition of a cap on the additional profits ...

Asset protection entails ensuring that regardless of your age and health, you make sure that you protect your loved ones from suffering a loss of financial support under any difficult ...

Revenue from tourism was up 141 per cent between January and July of 2022 compared to last year, totaling €1.217bn, according to the statistical service. For July 2022 the revenues reached €381m compared ...

The banking industry is retreating from the time-consuming traditional loan origination process, that depended on laborious processes that involved human errors. Changing with time and understanding what customers need are ...

Porsche shares made a strong start on Thursday after Volkswagen defied volatile markets to list the sports car brand at a valuation of 75 billion euros in Germany’s second-biggest market ...

A surge in borrowing costs and a likely slowdown in economic growth threaten to trigger a selloff in Britain’s housing market with consequences for personal wealth and the broader ...

Britain’s central bank resorted to buying bonds again on Wednesday in an emergency move to reduce the chaos in financial markets which was triggered last week by the tax ...

As new British Chancellor, Kwasi Kwarteng hoped to take down finance ministry groupthink that he and new Prime Minister Liz Truss saw as holding Britain back. Instead he’s seen ...

The E-commerce industry is one of the best if you want to earn a fortune and achieve your long-term financial goals. It has proven that it isn’t bothered by ...

Lebanon plans to slash its official exchange rate, replacing the 1,507 per dollar rate adopted 25 years ago with a rate of 15,000 in a step towards unifying numerous exchange rates, the finance ...

An ICO presale occurs when a blockchain business sells part of its tokens before the project officially launches. As a consequence, the project may establish a group of early supporters ...

Cyprus based Global Maritime Fund (GMF) this week announced that it has been endorsed by International Maritime Industries (IMI), the largest shipyard in the Middle East and North Africa region (...

The Cyprus Investment Funds Association (CIFA) on Wednesday held an event focusing on the latest developments in Cyprus’ investment funds sector, spearheaded by the association’s president and board of ...

The president of the national investment promotion agency Invest Cyprus Evgenios Evgeniou on Wednesday said Cyprus’ policy of granting tax incentives to foreign technology companies has been effective, resulting in 7,000 ...

A Cyprus Chamber of Commerce and Industry (Keve) delegation this week met with the Cyprus-Greece Business Association and the Institute of Certified Public Accountants of Cyprus (Selk) in Athens, where ...

Russia’s aviation industry will aim to go it alone without the West, using locally built parts to produce 1,000 airliners by 2030 and end a reliance on Boeing (BA.N) and ...

Next year will be difficult for economy amidst inflation, high energy prices and deglobalisation, said Finance Minister Constantinos Petrides on Wednesday. Speaking at a conference organised by Deloitte, the minister ...

Hellenic Bank CEO Oliver Gatzke on Wednesday said that since first being appointed to the role 15 months ago, the bank has evolved into an organisation with a leaner management structure, ...

Sterling tumbled against the dollar on Wednesday before paring some losses after the Bank of England (BOE) said it would step in to prop up the gilt market, and the ...