Business

Two US liquefied natural gas (LNG) projects took major steps toward launching this week as Russia’s threats to cut energy supplies to Europe drives up demand and prices for ...

On the outskirts of the eastern Venezuelan port town of Guanta, hundreds of trucks line up everyday to unload tons of scrap metal, part of the government’s attempt to ...

Cyprus’ government deficit fell to €465 million at the end of the previous year, reflecting a reduction of €463.87 from 2020, according to a financial report released by the treasury this week. The ...

The Cyprus Shipping Chamber (CSC) this week welcomed the proposed transfer of the Cyprus Port Authority to Limassol, saying that the city is the key representative of the shipping industry ...

European governments and companies were working on Friday on a common approach to President Vladimir Putin’s demand that they pay for Russian gas in roubles as the threat of ...

The war in Ukraine has made the security of energy supply a top priority, increasing pressure in Europe to accelerate the transition to cleaner fuels, including hydrogen. This was one ...

The dollar extended a rebound versus major peers on Friday ahead of a key US jobs report that could help the Federal Reserve decide whether to make an interest rate ...

Banks in Britain have warned the government that a plan to ban all Russians from holding more than 50,000 pounds ($65,430) in their accounts is illegal and unworkable, five sources said. When ...

Turkish state-owned energy importer BOTAS said late on Thursday it had raised natural gas prices for industrial facilities by 50 per cent and those for households by 35 per cent, raising the ...

Russia’s central bank said on Friday it was softening restrictions on foreign fund transfers for individuals for a six-month period. The bank said the measures, which raise an earlier ...

The International Energy Agency will hold an emergency meeting on Friday among consuming nations to discuss a new release of strategic reserves alongside a plan by the United States to ...

MUFG Investor Services, a leading company dealing in administration, asset servicing, banking and fund financing, announced on Thursday the opening of a new operational centre in Limassol. The company, which ...

The Cyprus Securities and Exchange Commission (CySEC) announced this week its successful participation in this year’s Global Money Week event, an annual event seeking to promote financial literacy. Organised ...

The Cyprus Investment Promotion Agency, commonly known as Invest Cyprus, on Thursday announced that it continued its efforts to promote the island as an investment and business destination through a ...

The Bank of Cyprus on Thursday announced that, as part of its efforts to enhance security through technological solutions, will now notify its customers by push notifications and not by ...

President Joe Biden on Thursday launched the largest release ever from the US emergency oil reserve and challenged oil companies to drill more in an attempt to bring down gasoline ...

Economic growth in Cyprus will slow sharply before recovering, due to the shock associated with the war in Ukraine, the International Monetary Fund (IMF) has said, adding that the key ...

Sri Lanka is turning off street lights to save electricity, a minister said on Thursday, as its worst economic crisis in decades brought more power cuts and halted trading on ...

Financial sanctions imposed on Russia threaten to gradually dilute the dominance of the US dollar and could result in a more fragmented international monetary system, Gita Gopinath, IMF’s First ...

European stocks were little changed on Thursday, holding near recent one-month highs but set for the biggest quarterly drop since the start of 2020, while oil prices fell and eastern Ukraine ...

Britain should place stringent regulations on electric scooters if their legal use is widened beyond current government trials, given the number of injuries from illegal vehicles and fire risks from ...

During 2021, Cablenet’s revenue reached €53.5m, a healthy 14 per cent growth over 2020. This double-digit growth in revenue was driven largely by the significant growth in the overall subscriber base, which ...

Apple Inc (AAPL.O) is exploring new suppliers for memory chips used in its iPhones, including a potentially first Chinese supplier, after a key Japanese partner had an output disruption, ...

Germany’s Mittelstand, the small and mid-sized companies that power Europe’s largest economy, was already battling its biggest crisis in a decade trying to absorb rocketing energy bills. Then ...