Business

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 ...

Evgenios Evgeniou, chairman of the Cyprus Investment Promotion Agency, commonly referred to as Invest Cyprus, on Wednesday said that the country’s efforts to attract foreign companies have helped the ...

By Fergus O’Sullivan Yoloco is a platform that aims to revolutionize advertising. Headquartered in Limassol but with a team that spans the globe, the company has set its sights ...

The Central Bank of Cyprus on Wednesday released a report which showed that the outstanding amount of deposits in June reached €51.3 billion. Moreover, the report by the central bank also ...

Economic sentiment improved in July, the University of Cyprus’ Economic Research Centre said on Wednesday. In its monthly bulletin, the research centre says that in July 2022, economic sentiment in Cyprus ...

El Salvador’s president announced on Tuesday a plan for a voluntary repurchase offer to holders of bonds maturing between 2023 and 2025. The operation would be partially funded by reserves allocated ...

The Cyprus Securities and Exchange Commission has received the Great Place to Work® certificate. CySEC is the second public authority that has successfully completed the Great Place to Work® assessment, ...

Cyprus telecommunications authority (Cyta) is participating in the multi-million undersea East Med Corridor (EMC) venture, a data cable that will link Europe with Asia. In an announcement, Cyta said the ...

Better-than-expected earnings from a raft of US and European companies helped steady global stock markets on Wednesday, cutting through gloom caused by rising interest rates and the threat of an ...

The International Monetary Fund said on Tuesday that Egypt needed to make “decisive progress” on fiscal and structural reform as Cairo seeks a new round of support from the fund. ...

Lebanon’s parliament on Tuesday passed long-awaited amendments to a banking secrecy law, according to a Reuters witness, in the first step towards reforms required by the International Monetary Fund (...

Ground staff at Deutsche Lufthansa (LHAG.DE) went on strike early Wednesday, prompting the cancellation of more than 1,000 flights, and adding to travel disruptions during the busy summer travel season. ...

Oil prices held steady on Wednesday as concerns about weaker demand offset industry data that showed a larger-than-expected drawdown in US crude stockpiles. Brent crude futures were at $104.55 a barrel ...

Over recent years, the streamlining process of complex tasks such as automated crypto trading has sparked a unique era of growth for both the crypto and the trading industry. Some ...

Car manufacturers and technology companies are vying for cockpit superiority, a growing sub-segment of the $2.7 trillion global car market. The emergence of digital technology has seen car companies design and ...