Business

The Russian rouble slid further on Thursday, hitting record lows against the dollar and euro, after ratings agencies Fitch and Moody’s downgraded Russia’s sovereign debt to “junk” status ...

Britain will ban Russian companies from the London insurance market, the world’s largest commercial and speciality insurance centre, its finance ministry said on Thursday. Russian companies in the aviation ...

The Moscow branch of a Chinese state bank has seen a surge in enquiries from Russian firms wanting to open new accounts, a person familiar with the matter said, as ...

With much of Moscow’s $640 billion reserves under lock and key in the West and sanctions crippling cross-border capital flows, investors fear Russia may be heading for its first ever ...

The potential for disruptions to Russian commodity supplies has thrown a spotlight on the metal used in the aerospace, marine and auto industries. The United States and Europe have imposed ...

The total number of air passengers is expected to surpass that of 2019, the last pre-pandemic year, in 2024, reaching 4 billion passengers, the International Air Transport Association (IATA) said earlier this week. ...

The vice president of the European Investment Bank (EIB), Liliana Pavlova, who oversees financing operations for Cyprus, among other countries, will pay an official visit to the island on March 3, 2022, ...

In the age of Zoom, Google Drive, and Microsoft Teams, you can work from anywhere in the world. While companies were gradually becoming more flexible, the pandemic turbo-charged the transition ...

The economic sanctions imposed against Russia following its invasion of Ukraine are not affecting Cyprus to a large extent as the island’s banking system has no exposure to Russia, ...

Russia said on Tuesday it was placing temporary restrictions on foreigners seeking to exit Russia assets, as it tried to stem an investor retreat driven by crippling Western sanctions imposed ...

Exxon Mobil (XOM.N) on Tuesday said it would exit Russia oil and gas operations that it has valued at more than $4 billion and halt new investment as a result ...

The latest wave of sanctions on Russia over its Ukraine invasion has thrown the global banking industry deeper into turmoil, as Western countries try to squeeze Moscow’s access to ...

Safetytech Accelerator and CMMI are pleased to announce a partnership in which they will pool resources and expertise to support sustainable growth in marine and maritime sectors. A focus on ...

The rouble weakened past 100 to the dollar on Wednesday, heading back to record lows, and the stock market remained closed as Russia’s financial system staggered under the weight of ...

Russia’s largest lender Sberbank SBER.MM said on Wednesday it was quitting almost all European markets, blaming big cash outflows and threats to its staff and property following Russia’...

It is conducted on the basis of affidavits, save the right for cross-examination Courts have the power to issue orders, interim or final, for parties to do or refrain from ...

Cyprus-based financial technology company SquaredFinancial announced on Tuesday that it will be the first organisation to utilise iQbyQi, an advanced retail trading analytics tool. “SquaredFinancial, the fintech brokerage headquartered in ...

Bitcoin has leapt since Russia’s invasion of Ukraine, bolstered by people in those countries looking to store and move money in anonymous and decentralised crypto. Bitcoin trading denominated in ...

The services sector turnover index increased in 2021, compared to 2020, with particularly strong growth being observed in accommodation and catering services, according to data released this week by the Cyprus Statistical ...

Italy plans to set aside more than 4 billion euros ($4.5 billion) until 2030 to boost domestic chip manufacturing and support innovative technologies, a draft decree seen by Reuters showed on Tuesday. The ...

By Marilena Evangelou & Yiannis Seitanidis The imposition of severe economic sanctions in Russia has made the daily life of those Cypriots who are in the country for work or ...

Many people start reading about Bitcoin to learn about it and hear people referring to cryptocurrency as a religion. In fact, some promoters of Bitcoin claim that they are Friars, ...

A number of Ukraine-based companies have expressed an interest in headquartering their business in Cyprus, according to the Employers and Industrialists Federation (Oev). Speaking to news outlet Stockwatch, Oev’s ...

Concerns are rising about the effect cryptocurrency is having on the environment. Most people find that shocking because it’s a digital currency. However, the blockchain has a poor sustainability ...