Business

US chipmaker Intel Corp (INTC.O) said on Tuesday it has suspended business operations in Russia, joining a slew of companies to exit the country following its invasion of Ukraine. ...

Russia is turning to microchip manufacturers in China to circumvent western sanctions which have boosted demand for bank cards linked to the Mir payment system, an executive with the domestic ...

Did Elon Musk break securities laws again? Former securities officials and professors said Musk may have missed a key disclosure deadline when he bought 9 per cent of Twitter. And Securities ...

The NFT bubble isn’t popping, but it may have sprung a leak. A year on from when a single non-fungible token sold for $69.3 million in crypto at Christie’s ...

PwC Cyprus Director of Technology Advisory Services Minos Georgakis on Tuesday said the pandemic accelerated companies’ digital acceleration, forcing organisations to adapt to the new normal. Georgakis differentiated between the ...

European Community Shipowners’ Associations (ECSA) president Philippos Philis on Tuesday said that the shipping industry cannot choose to ignore global decarbonisation efforts, despite the complex nature of the undertaking. Philis, ...

The finance ministry and the tax department on Tuesday indicated their agreement for certain companies to be exempt from annual audits. The discussion took place at the House commerce committee, ...

Gambling advertisements in Britain featuring celebrities, sports people and social media influencers popular with the under-18s will be banned under a new ruling designed to protect children in one ...

The Anticancer Society on Tuesday launched its 47th annual fundraising campaign in support of its palliative centres for cancer patients that will culminate with the Christodoula march on April 17. The ...

Thousands of auto workers have been furloughed and food prices are soaring as Western sanctions pummel the small Russian city of Kaluga and its flagship foreign carmakers, with more sanctions ...

The fallout of the Russia and Ukraine war has just helped tip two of world’s poorest countries into full-blown crises, and the list of those at risk – and the ...

The United States stopped the Russian government on Monday from paying holders of its sovereign debt more than $600 million from reserves held at US banks, in a move meant to ...

British shoppers are increasingly choosing own-label products to help counter surging inflation, according to research by NielsenIQ that showed overall supermarket spending down on a year ago when COVID lockdown ...

Lebanon Central Bank Governor Riad Salameh on Monday denied that the institution he has led for 30 years was bankrupt and said it was still going about its legally-mandated role despite ...

The Central Bank of Cyprus on Monday said that the coronavirus outbreak in Cyprus, exacerbated by the emergence of the Omicron variant, led to a sudden tightening of business loan ...

Belarusian video game company Wargaming, which has its headquarters in Cyprus, announced on Monday that has decided to cease the ownership or operation of any businesses in both Russia and ...

Tesla Inc (TSLA.O) top boss Elon Musk revealed a 9.2 per cent stake in Twitter Inc (TWTR.N), worth nearly $3 billion, likely making him the biggest shareholder in the micro-blogging ...

JPMorgan has warned that the combination of Russia’s war in Ukraine and China’s ongoing property crash could see the worst wave of corporate defaults since the global financial ...

The House finance committee on Monday discussed a bill that would make companies applying for a bank licence to pay the processing fee. Under the legislation, the Central Bank would ...

Almost half of all cryptocurrency owners in the United States, Latin America and Asia Pacific purchased the digital assets for the first time in 2021, according to a new survey from ...

A renewed surge of COVID-19 in Britain has forced airlines including easyJet to cancel hundreds of flights in recent days as staff sickness levels soar. England dropped all its coronavirus ...

Turkey’s annual consumer inflation leapt to a 20-year high of 61.14 per cent in March, data showed on Monday, fuelled by rising energy and commodity prices following the Russia-Ukraine conflict ...

Oil rose above $105 a barrel on Monday as concern about tight supply arising from Russia’s invasion of Ukraine and the lack of an Iranian nuclear deal persisted despite countries ...

The end of the year 2021 saw no major alterations in Cypriot real estate. The lower end of the housing market directed towards locals, with properties in the region of €300.000-€500.000, ...