Business

By Luigi Scazzieri Italy’s prime minister, Mario Draghi, finally resigned on July 21 after failing to secure the support of three of his government’s coalition partners in a vote ...

Southeast Asia-focused cryptocurrency exchange Zipmex said it had filed for bankruptcy protection in Singapore, becoming the latest victim of the global downturn in digital currencies. Singapore-based Zipmex resumed withdrawals last ...

Cryptocurrencies have been hard hit by fears interest rate hikes will end the era of cheap money, with the world’s largest digital asset, bitcoin, down more than 56 per cent ...

While millions are fretting whether they can afford another $1,000 on energy this year, others are still splashing out on $10,000 Hermes handbags as soaring prices leave wealthier people relatively unscathed. A ...

Dubai’s red-hot property market surged in the first half of the year as investors piled in, with Russians among the top five buyers as the emirate benefits from an ...

Euro zone inflation rose to another record high in July and its peak could still be months away, keeping pressure on the European Central Bank to opt for another big ...

Mohamed Abu Khodr had been waiting for hours outside a Beirut bakery in hopes of buying two bags of subsidised bread he needs to feed his family. But there was ...

British bank NatWest (NWG.L) raised its full-year guidance and made a bumper payout to shareholders on Friday after rising interest rates lifted its finances, despite runaway inflation threatening to ...

Ben & Jerry’s and its parent company Unilever Plc (ULVR.L) did not reach an out-of-court agreement on a dispute over the sale of the ice cream maker’s ...

Embria, a Cyprus-based venture builder firm that founds, funds and grows startups from the ground up, on Thursday announced that it has provided a $500,000 seed investment in 10K Riders. “Investing ...

US supermodel Bella Hadid has stepped from the catwalk into the metaverse with the launch of CY-B3LLA – a collection of Non-Fungible Tokens featuring artwork based on 3-D scans of ...

Cypriot banks see a tightening of lending criteria for the second quarter of 2022, due to the uncertainty related to Russia’s invasion of Ukraine, according to the Q1-22 Bank ...

The European Commission announced it received on Thursday the first payment request from Cyprus under the Recovery and Resilience Facility (RRF) for the disbursement of €85 million in financial support (net ...

Britain should create a new category of private property law for digital assets like cryptocurrencies which are being used to make payments or represent other assets, independent body the Law ...

The U.S. economy unexpectedly contracted in the second quarter, with consumer spending growing at its slowest pace in two years and business spending declining, raising the risk that the ...

Shell (SHEL.L) posted record results on Thursday, with an $11.5 billion second-quarter profit smashing the mark it set only three months ago, lifted by strong gas trading and a tripling ...

European shares came off session highs on Thursday, as a slew of downbeat earnings including from Santander took the shine off a global rally driven by easing worries about the ...

The value and scale of losses across cryptocurrencies and NFTs in 2022 are staggering. One notable record set was the largest aggregate loss of net wealth for any individual in history, ...

Cyprus ranks 20th among 27 EU member states in the 2022 edition of the Digital Economy and Society Index (DESI), faring particularly well as regards connectivity where it came in 12th according ...

Turkey’s lira weakened further on Wednesday to near 18.0 against the dollar and the record lows it hit late last year as worries about the government’s foreign exchange policy ...

Egypt has cancelled contracts for a total of 240,000 tonnes of Ukrainian wheat that were booked by its state grains buyer for February and March delivery but never loaded due to ...

Oil rose more than $1 a barrel on Thursday, extending gains from the previous session, buoyed by improved risk appetite among investors as lower crude inventories and a rebound in gasoline ...

The Central Bank of Qatar said on Wednesday it raised its main deposit rate by 75 basis points (bps) to 3 per cent, moving in tandem with the US Federal Reserve’s ...

Whales on the Binance Chain network are said to be less aggressive than whales on Ethereum. But Binance Token (BNB) whales are looking to bridge any gaps. The first step ...