Business

With the adoption of the metaverse being seen as a matter of time, US technology company Microsoft warned that past mistakes when new mediums entered the mainstream must be avoided, ...

When Silicon Valley chipmaker Marvell learned that one of its chips was found in a Russian surveillance drone recovered in 2016, it set out to investigate how that came to be. ...

Oil futures were set to open for Asian trade on Sunday, after both Brent and US crude benchmarks posted their biggest weekly falls in two years last week as the ...

Automakers racing to develop battery-powered, software-driven vehicles to compete with Tesla Inc (TSLA.O) are confronting a new challenge: what technology to build themselves, and what to keep buying from ...

The ‘controlled resolution’ of RCB in the wake of the Ukraine crisis is a minor bump in the road compared to the 2013 crisis, but one expert says it could have ...

The rouble has staged a lightening-fast recovery to levels last reached in the days before Russia invaded Ukraine, defying predictions that the war would launch it into freefall. The dramatic ...

Banks should beware of fake news that could trigger a run on their deposits, the European Union’s banking watchdog said in a warning on Friday about potential fallout from ...

Two US liquefied natural gas (LNG) projects took major steps toward launching this week as Russia’s threats to cut energy supplies to Europe drives up demand and prices for ...

On the outskirts of the eastern Venezuelan port town of Guanta, hundreds of trucks line up everyday to unload tons of scrap metal, part of the government’s attempt to ...

Cyprus’ government deficit fell to €465 million at the end of the previous year, reflecting a reduction of €463.87 from 2020, according to a financial report released by the treasury this week. The ...

The Cyprus Shipping Chamber (CSC) this week welcomed the proposed transfer of the Cyprus Port Authority to Limassol, saying that the city is the key representative of the shipping industry ...

European governments and companies were working on Friday on a common approach to President Vladimir Putin’s demand that they pay for Russian gas in roubles as the threat of ...

The war in Ukraine has made the security of energy supply a top priority, increasing pressure in Europe to accelerate the transition to cleaner fuels, including hydrogen. This was one ...

The dollar extended a rebound versus major peers on Friday ahead of a key US jobs report that could help the Federal Reserve decide whether to make an interest rate ...

Banks in Britain have warned the government that a plan to ban all Russians from holding more than 50,000 pounds ($65,430) in their accounts is illegal and unworkable, five sources said. When ...

Turkish state-owned energy importer BOTAS said late on Thursday it had raised natural gas prices for industrial facilities by 50 per cent and those for households by 35 per cent, raising the ...

Russia’s central bank said on Friday it was softening restrictions on foreign fund transfers for individuals for a six-month period. The bank said the measures, which raise an earlier ...

The International Energy Agency will hold an emergency meeting on Friday among consuming nations to discuss a new release of strategic reserves alongside a plan by the United States to ...

MUFG Investor Services, a leading company dealing in administration, asset servicing, banking and fund financing, announced on Thursday the opening of a new operational centre in Limassol. The company, which ...

The Cyprus Securities and Exchange Commission (CySEC) announced this week its successful participation in this year’s Global Money Week event, an annual event seeking to promote financial literacy. Organised ...

The Cyprus Investment Promotion Agency, commonly known as Invest Cyprus, on Thursday announced that it continued its efforts to promote the island as an investment and business destination through a ...

The Bank of Cyprus on Thursday announced that, as part of its efforts to enhance security through technological solutions, will now notify its customers by push notifications and not by ...

President Joe Biden on Thursday launched the largest release ever from the US emergency oil reserve and challenged oil companies to drill more in an attempt to bring down gasoline ...

Economic growth in Cyprus will slow sharply before recovering, due to the shock associated with the war in Ukraine, the International Monetary Fund (IMF) has said, adding that the key ...