Business

Pfizer Inc (PFE.N) said on Thursday the US government would pay $5.29 billion for 10 million courses of its experimental COVID-19 antiviral drug, as the country rushes to secure promising oral ...

Turkey’s central bank slashed its policy rate by 100 basis points to 15 per cent on Thursday and hinted at more easing despite inflation running near 20 per cent, accelerating a spiral ...

Inflation in Cyprus reached 4.4 per cent during October of this year, according to the European statistical service (Eurostat). Cyprus’ inflation figure is slightly above the European Union average of 4.1 per ...

Cyprus’ economy is recovering at a swifter rate than previously thought, with real GDP on track to reach pre-pandemic levels by the fourth quarter of this year, credit ratings agency ...

Bitcoin is the top cryptocurrency that operates all its activities on a very high-end and secure public ledger known as blockchain technology. There is no denying that the security that ...

The consortium holding the concession on block 10 in Cyprus’ Exclusive Economic Zone are making final preparations for follow-up drilling to narrow down the precise quantities of natural gas in place, ...

The energy and trade ministry has this year granted €127m in the form of schemes, setting the foundation for economic recovery and green energy transition, Minister Natasa Pilides said on ...

The European Union may ease state-aid rules to allow the funding of new chip plants which could alleviate shortages in the bloc, its competition chief said on Thursday, while resisting ...

British retailer Marks & Spencer (MKS.L) has struck a deal to sell some of its food products in Costa Coffee outlets, the companies said on Thursday. They said that ...

DoorDash Inc (DASH.N) said on Tuesday it would buy Finland-based rival Wolt Enterprises OY in an all-stock deal valued at about 7 billion euros ($8.09 billion), as the biggest U.S. ...

By Nicos Panteli Supervisory authorities constantly remind banks that they need to drastically cut costs Without a doubt the Covid-19 pandemic has left its mark on all aspects of public ...

The Cypriot IT services market exceeded €100 million in total value this decade, reaching €113.16 million in value during the previous year, a rise of 12.8 per cent since 2018, according to a report ...

The Cyprus Ministry of Finance said on Wednesday the economy’s performance during the third quarter of 2021 reaffirm the resilience of the economy and bode well for the final quarter ...

Qatar’s Emir Sheikh Tamim bin Hamad al-Thani on Wednesday appointed Sheikh Bandar bin Mohamed bin Saud al-Thani as central bank governor, according to a statement posted the website of ...

The European Union won’t suddenly pull up the “drawbridge” on Britain’s financial services sector, and reducing reliance on the City of London for euro clearing could take years, ...

Rolls-Royce (RR.L) has asked Britain’s government for clearance to begin the 4-5 year long process of seeking regulatory approval for its small modular nuclear reactor, it said on ...

Abu Dhabi National Oil Co (ADNOC.UL) and Abu Dhabi National Energy Company PJSC (TAQA) (TAQA.AD) have formed a strategic partnership on clean energy, aiming to have 30 gigawatts of ...

British inflation surged to a 10-year high last month as household energy bills rocketed, according to data on Wednesday that will bolster expectations that the Bank of England will raise ...

Free trade talks between the United Arab Emirates and India and Indonesia, are making good progress, the Gulf state’s trade minister said on Wednesday, a day after starting similar ...

As Congress looks to advance its $1.75 trillion spending package this week, wealthy individuals are already planning ways to avoid paying for it. Lawmakers are expected to vote on Democrats’ social ...

A planned pan-European payments network backed by 22 banks to compete with US duo Mastercard and Visa appealed on Tuesday for public money, saying its private backers were not prepared to ...

Cyprus Deputy Minister for Tourism Savvas Perdios said that the current level of tourist arrivals has been deemed satisfactory. Tourist arrivals between January and October of this year amount to 45 ...

The digitisation of banking services is ‘not an option, but an urgent need’, the Hellenic Bank CEO Oliver Gatzke said on Monday at The Economist’s annual Cyprus Summit in ...

Tesco, Britain’s largest retailer, was the only one of the country’s big four grocers to grow sales in the last 12 weeks, increasing its sector dominance in the run-up ...