Business

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 ...

What investors, governments, customers and stakeholders expect from businesses Much is being said these days about ESG criteria, in terms of their value, the importance of their adoption by companies ...

China Evergrande inched closer on Friday to the potential default that investors fear, missing a payment deadline in one of the clearest indications yet that the developer whose debt struggles ...

British Airways said it was scrapping most short-haul operations at London’s no.2 airport Gatwick, blaming pilots for rejecting a plan to set up a new low-cost unit to better ...

Cyprus will be at the EXPO2020 world fair between October 1 2021 and March 31 2022 to share its history and cultural heritage with visitors, promote the island as a tourist destination, advance its ...

Trade union Sek has released a press statement saying that it has been asking for a ‘prudent and comprehensive’ tax reform that will be shaped by dialogue and consultation and ...

Majed Sait and his wife are spending their honeymoon on a cruise in the turquoise waters off Saudi Arabia’s Red Sea coast, a voyage that is still a novelty ...