Business

Investors knew that, after two years of COVID-19 chaos, 2022 would be a bumpy ride, but nobody expected this – the most turbulent first-half global markets have ever seen. To grasp just ...

Crypto hedge fund Three Arrows Capital (3AC) has entered liquidation, a person familiar with the matter told Reuters on Wednesday, in the latest sign of the market downturn hurting the ...

Facing the toughest economic conditions in decades, Britain’s supermarkets are cutting product ranges, searching for cost savings and patrolling each other’s stores to check prices and products as ...

Top oil exporter Saudi Arabia may raise prices of light crude grades to Asia for the second straight month in August on the back of record distillate margins and strong ...

The European Union on Thursday will seek agreement on ground-breaking rules for regulating crypto assets as the rout in bitcoin piles pressure on authorities to rein in the sector. Globally, ...

Consumers continue to adjust their purchasing habits in order to better deal with supply chain disruptions and soaring inflation, according to the latest edition of the PwC Global Consumer Insights ...

Cyprus Union Of Shipowners president Andreas Hadjiyiannis on Wednesday hailed the recent decision by the European Parliament to approve shipping’s inclusion in the EU emissions trading system. The plan ...

Russian lender VTB’s (VTBR.MM) VTB Factoring subsidiary and fintech company Lighthouse have executed the country’s first cash-backed digital financial asset transaction, the bank said on Wednesday. In ...

Russian lawmakers this week approved a draft law that would potentially exempt issuers of digital assets and cryptocurrencies from value-added tax. Russia has long voiced scepticism of cryptocurrencies and other ...

Rating Agency DBRS Morningstar on Wednesday slashed Cyprus’ baseline growth rate by 0.7 per cent for 2022, citing a deteriorating outlook following Russia’s invasion of Ukraine. In its updated sovereign baseline ...

The nosedive in cryptocurrency markets has wiped out millions of dollars in funds stolen by North Korean hackers, four digital investigators say, threatening a key source of funding for the ...

Finance Minister Constandinos Petrides met with political party leaders on Wednesday to present the comprehensive and holistic framework for the management of non-performing loans as well as protection measures of ...

A nearly $17 billion JP Morgan fund is expected to reset its options positions on Thursday, potentially adding to equity volatility at the end of a dismal first half for stocks. ...

G7 leaders have agreed to study possible price caps on Russian oil and gas to try to limit Moscow’s ability to fund its invasion of Ukraine, G7 officials said ...

Barry Iacovou is the CEO of BDO Cloud Services Limited, a subsidiary of the Cyprus member firm of BDO International. The company was set up specifically to house ‘BDODrive,’ the ...

Cyprus’ Central Bank on Tuesday hailed the adoption by the Cabinet of the report of an ad hoc committee on financial literacy, saying that this is a step forward for ...

Oil prices fell on Wednesday after rising in the previous three sessions as the market tussled between concerns about the global economy and tight global oil supplies. Brent crude futures ...

The tenant can apply to the rent control court for leave to file a reply A tenant’s right of access to the Rent Control Court when arrears of rent ...

The CFA Society Cyprus on Tuesday announced the successful completion of its forum on the future of the Cypriot economy. CFA Society Cyprus, which boasts more than 120 members, is the ...

The Cyprus Chamber of Commerce and Industry (Keve) on Tuesday announced that it successfully held an event addressing the Indian business community of the United Kingdom. The event, which took ...

Heineken (HEIN.AS) will build a 1.8 billion peso, or $90 million, can manufacturing plant in the northern Mexican state of Chihuahua near its brewery in the town of Mequoi, the company ...

Japan’s Nissan Motor Co Ltd (7201.T) on Tuesday rejected a shareholder proposal at its annual general meeting (AGM) that would have led to the disclosure of a decades-old agreement ...

Kazakh billionaire businessman Timur Kulibayev has handed to the state energy company his stake of 49 per cent in Petrosun, a large oil and oil products trader controlled by China’s ...

Germany is in talks with Canada over options for a liquefied natural gas (LNG) terminal on Canada’s east coast for export to Europe, a German government official told Reuters ...