Business

Cyprus’ trade deficit increased in January 2022 by 19.4 per cent, to €518.72 million, compared to €434.34 million in January last year, according to provisional data, published by the Statistical Service of Cyprus. At ...

By Yiannis Seitanides The Cypriot and global economies are adversely affected by the high cost of energy, which fuels inflation, and solutions are being sought to mitigate the impact on ...

Cyprus’ GDP could be affected by between 1.5 to 2 per cent during 2022 if Cypriot airspace remains closed to Russia for the entirety of 2022, rating agency DBRS Morningstar said on Monday. The ...

Russia’s finance ministry said on Monday it had approved a temporary procedure for repaying foreign currency debt, but warned that payments would be made in roubles if sanctions prevent ...

Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk said on Sunday the US electric carmaker and his rocket company SpaceX are facing significant inflationary pressure in raw materials and ...

Oil prices shed as much as $4 a barrel on Monday, extending last week’s decline as diplomatic efforts to end the war in Ukraine geared up and markets braced for ...

What was previously decided is not taken into account The retrial of a case may be ordered by the Supreme Court in exercising its appellate jurisdiction. The case is then ...

A global food crisis looms unless the war in Ukraine is stopped because fertiliser prices are soaring so fast that many farmers can no longer afford soil nutrients, Russian fertiliser ...

We believe that there should be a clarification as to what constitutes loss of property use and rental compensation for it. The subject has come up in a number of ...

File-sharing service LimeWire, which shut down in 2011 under fire from the music industry, is making a comeback as a digital collectibles marketplace for art and entertainment, initially focusing on music. ...

US regulators on Thursday issued final rules eliminating the need for automated vehicle manufacturers to equip fully autonomous vehicles with manual driving controls to meet crash standards. Automakers and tech ...

Russia urged India to deepen its investments in the sanction-hit country’s oil and gas sector, and is keen on expanding the sales networks of Russian companies in Asia’s ...

When planeloads of Russian tourists left Cuba this week, their vacations interrupted by war in Ukraine, it marked a sad day in the resort town of Varadero, a visible sign ...

In the aftermath of Russia’s invasion of Ukraine, European Commission (EC) President Ursula von der Leyen said “EU’s strategy for hydrogen and LNG will be intensified, along with ...

Director general of the finance ministry George Panteli will represent Finance Minister Constantinos Petrides at the Eurogroup and Ecofin meetings taking place on Monday and Tuesday. During the Eurogroup ministers ...

Brazil’s central bank announced tougher rules for fintechs on Friday, saying that payment institutions will be subject to regulations based on their size and complexity and raising standards for ...

The Ukrainian president’s economic adviser on Saturday played down the risks of the hryvnia devaluating further, despite the Russian invasion of the country which began on Feb. 24. Oleg Ustenko ...

Russia’s central bank on Saturday said it has decided not to reopen stock market trading on the Moscow Exchange from March 14-18, with the exception of some non-open-market transactions ...

Saudi Arabia and the United Arab Emirates are among the few oil producers globally with spare capacity they could draw on quickly to increase output, help offset supply losses from ...

The German government, working to reduce its dependence on Russian oil and gas, discussed energy supplies with Qatar this week, the federal chancellery’s state secretary said on Saturday. “We ...

Tech giant Microsoft has launched the Startups Founders Hub, an open platform created to help startup companies deal with a number of commonly-faced challenges, it announced on Tuesday. “Startups play ...

Crypto firms in the United Arab Emirates (UAE) are being deluged with requests to liquidate billions of dollars of virtual currency as Russians seek a safe haven for their fortunes, ...

Ukraine’s two leading suppliers of neon, which produce about half the world’s supply of the key ingredient for making chips, have halted their operations as Moscow has sharpened ...

Deutsche Bank (DBKGn.DE) said it was not withdrawing completely from Russia, drawing anger from investors and contrasting with Wall Street banks which are severing ties with the country over ...