Business

France and Spain called on Monday for a coordinated European response to the surge in global energy prices to protect the poorest citizens and the competitiveness of companies, and to ...

Cyprus has moved from the recovery to the growth phase as the COVID-19 pandemic subsides, Minister of Finance Constantinos Petrides has said, highlighting the need for the implementation of reforms ...

Investigations into the roles of now-IMF Managing Director Kristalina Georgieva and former World Bank president Jim Yong Kim in altering World Bank data to favour China are the latest in ...

The injunction secures the future execution of a court judgment When filing a lawsuit, a plaintiff can apply for an injunction to prohibit the defendant from the alienation or encumbrance ...

We have studied the announcement by the small shopkeepers association (Povek) warning the state not to reduce the subsidies being paid to shopkeepers. The union declared that approximately 20-25 per ...

Digital music artist Polar has been launched by Cyprus studio TheSoul Publishing, its first digital artist and also the first of many music partnerships the studio has in the pipeline. ...

President Tayyip Erdogan said on Sunday Turkey had ordered agricultural cooperatives to open about 1,000 new markets across the country to provide “suitable” prices for consumer goods in the face of ...

OPEC and its allies meet on Monday to debate how much oil to release into the red hot market, where supply disruptions and recovering demand from the coronavirus pandemic have ...

A deal with the United States is not the “be all and end all” of trade agreements, British Foreign Secretary Liz Truss said on Sunday. A trade deal with the ...

Switzerland’s economic affairs secretariat (SECO) has filed a criminal complaint in relation to collapsed financier Greensill Capital for alleged violations of the law against unfair competition, it told Reuters ...

South Korean Internet service provider SK Broadband has sued Netflix (NFLX.O) to pay for costs from increased network traffic and maintenance work because of a surge of viewers to ...

The advent of digital currencies in emerging markets could spark “cryptoization” of local economies, potentially undermining exchange and capital controls and upsetting financial stability, the International Monetary Fund said on ...

Hong Kong’s exposure to debt-laden developer China Evergrande Group (3333.HK) is “very minimal” at 0.05 per cent, or HK$14 billion ($1.79 billion), of banking assets, South China Morning Post reported on ...

Positive clinical trial results for Merck & Co’s (MRK.N) experimental antiviral COVID-19 pill reverberated through the healthcare sector on Friday, sending the drugmaker’s stock price soaring while ...

Clayton, Dubilier & Rice (CD&R) has won the auction for Morrisons with a 7 billion pound ($10 billion) bid, paving the way for the U.S. private equity firm to ...

Eurozone inflation hit a 13-year high last month and looks likely to jump higher still, further clouding the European Central Bank’s benign view of the biggest price spike since ...

A slump in Zoom Video Communications Inc’s (ZM.O) share price likely limited its ability to sweeten a nearly $15 billion all-stock offer for call center software firm Five9 (FIVN....

The new Metropolis Mall in Larnaca helped the city during its construction phase by employing an estimated 1,000 people throughout the entire process. Having recently opened its doors to the public, ...

The Cyprus Shipping Chamber travelled to Brussels this week to participate in a conference hosted by the European Community Shipowner’s Association (ECSA). The Cypriot delegation was composed of the ...

The outcome of a $10 billion six-month battle to buy British supermarket chain Morrisons (MRW.L) will be decided in a one-day auction on Saturday overseen by the Takeover Panel. The ...

OPEC+ is considering going beyond its existing deal to boost production by 400,000 barrels per day (bpd) when it meets next week, sources said, at a time when oil pricesare near ...

Standard Chartered said on Friday it now expects Turkey’s central bank to cut interest rates by another 300 basis points by year-end to 15 per cent and upped its 2021 inflation and ...

Bitcoin was up 5.23 per cent at $43,716.97 as of 22:08 GMT on Thursday, adding $2,174.07 to its previous close. The world’s biggest and best-known cryptocurrency has gained 57.6 per cent from the year’...

The halloumi PDO (protected designation of origin) is a “protective shield,” Agriculture Minister Costas Kadis said on Friday as the cheese entered the European Commission’s register for PDO and ...