Business

German discount supermarket group Aldi will invest 1.3 billion pounds ($1.8 billion) in Britain over the next two years, opening a new store every week to try to accelerate its rapid growth ...

Saudi Arabia plans to issue green bonds soon, an official said on Monday, as the oil-producing kingdom seeks to embrace environmental, social and governance (ESG) concerns to expand its investor ...

The U.S. Congress faces a showdown on Monday over government spending and debt, opening a week that could also include action on President Joe Biden’s sweeping social agenda ...

Aligns with EU law and regulates consumer protection issues The new legislation for the protection of consumers has come into force with the enactment of Law 112(I)/2021 to harmonie with ...

A majority of voters in Berlin wants city hall to expropriate major landlords such as Vonovia and Deutsche Wohnen to help reduce rents in the German capital, provisional referendum results ...

In an interview on the radio, the Limassol mayor announced an initiative of the municipality to get involved in the construction of over 600 housing units in order to help alleviate ...

Several local governments in China have set up special custodian accounts for property projects of its most indebted developer, Evergrande (3333.HK), to protect funds earmarked for housing projects from being ...

Bahrain is considering doubling value added tax to 10 per cent to boost state revenues and reduce its budget deficit, a Bahraini parliamentary source and a source close to the government ...

BP (BP.L) said nearly a third of its British petrol stations had run out of the two main grades of fuel on Sunday as panic buying continued despite the ...

Soaring gas prices as winter approaches are evidence that the European Union needs to work out a long-term energy security plan, the head of Italy’s Eni (ENI.MI) has ...

Ratings agency Moody’s late on Friday raised Hungary’s sovereign credit rating to ‘Baa2’ from ‘Baa3’ on the economy’s strong rebound from the pandemic, which comes as a ...

Google Chief Executive Sundar Pichai in 2019 was warned that describing the company’s Incognito browsing mode as “private” was problematic, yet it stayed the course because he did not want ...

Britain’s decision to issue temporary visas for 5,000 foreign truck drivers is a short-term fix that will not solve an acute labour shortage that risks major disruption for retailers in ...

HSBC and Standard Chartered could face spillover damage to their profits and balance sheets from the debt crisis enveloping China Evergrande Group (3333.HK) even though the two banks say they ...

ERA Department Stores and Woolworth (Cyprus) Properties have appealed Paphos district court’s decision concerning the companies’ unauthorised possession, use and operation of a building without the necessary permits issued ...

Fitch ratings agency has affirmed Cyprus’ long-term credit rating at BBB- with a stable outlook, reflecting the island’s institutional strength and a record of robust economic growth and sound ...

Growing worries over energy bills, food costs and tax hikes prompted a hefty drop in British consumer confidence this month as people became more downbeat about the economic outlook, and ...

Britain’s retail industry warned the government on Friday that unless it moves to alleviate an acute shortage of truckers in the next 10 days then significant disruption was inevitable in ...

The European Commission has approved a €2.7 million scheme by Cyprus to support small and medium-sized enterprises (SMEs) active in the agricultural and livestock production, affected by the coronavirus outbreak. The ...

US stock indexes fell on Friday following a two-day rally, weighed down by technology and healthcare shares, while a dour sales forecast from Nike further dampened sentiment. The sportswear maker’...

China intensified a crackdown on cryptocurrency trading on Friday, vowing to root out “illegal” activity and banning crypto mining nationwide, hitting bitcoin and other major coins and pressuring crypto and ...

State-owned asset management company Kedipes announced a voluntary retirement scheme on Friday in a bid to cut the number of staff. The scheme will come into force next Thursday and ...

Cyprus is moving closer to its goal to end energy isolation, with significant developments concerning electricity interconnections with its neighbouring countries. According to Cyprus News Agency (CNA) sources, developments on ...

Despite the ongoing effects of the pandemic Hellenic Bank is still on course to meet its long-term objectives, its new CEO Oliver Gatzke said on Friday as the bank posted ...