Business

Britain will step up its production of oil and gas after saying it will ban Russian oil imports at the end of the year, transport minister Grant Shapps said on ...

The need to rethink and further strengthen international supply chains was a key message by stakeholders attending the Supply Chain & Logistics Conference & Exhibition recently held in Nicosia. The ...

Surging raw materials costs, made worse by Russia’s invasion of Ukraine, could set back the dream of Tesla (TSLA.O) Chief Executive Elon Musk and other auto executives to ...

Cyprus Chamber of Commerce & Industry (Keve) president Christodoulos Angastiniotis on Monday sent an open letter to Eurochambres president Luc Frieden, protesting the latter’s decision to visit Turkey for ...

By George Pirishis An explosive mix of rising prices is expected in the next period of time in both fuel and electricity as the frenetic course of energy prices continues ...

By Yiannis Seitanidis After tourism, which is clearly experiencing negative effects as a result of the imposition of sanctions against Russia, the services sector is beginning to feel the impact ...

Global oil prices could rise to $200 a barrel if Europe and the United States ban imports of Russian oil, analysts at Oslo-based consultancy Rystad Energy said on Tuesday. Oil prices ...

Corporate actions to censure Russia after its invasion of Ukraine vary widely and include some measures required by law and some voluntary, with comments ranging from harsh condemnations to more ...

Oil prices rose on Tuesday, with Brent surging past $127 a barrel, as the possibility of formal US sanctions against Russian oil exports spurred concerns about oversupply. Benchmark Brent crude futures ...

Bitcoin’s been known to freak out when Elon Musk tweets a broken-heart emoji. So why isn’t it flying off the handle as we seem to stand on the ...

Palladium attempted to consolidate off an all-time peak in volatile trading on Tuesday as the Russia-Ukraine crisis fuelled worries of a supply squeeze of the metal, while safe-haven gold also ...

Shell stopped buying Russian crude on Tuesday and said it would phase out its involvement in all Russian hydrocarbons from oil to natural gas over Ukraine, becoming one of the ...

The possibility that the United States might ban Russian oil imports has triggered a surge in Brent crude to almost $140 a barrel, its highest level since 2008. Russia is the world’...

The US Justice Department last week launched a task force aimed at choking off assets that Russian oligarchs own in the United States, part of Washington’s efforts to pressure ...

Despite the cascade of Western sanctions on Russia in response to its invasion of Ukraine, one thing hasn’t been affected so far – flows of Russian gas to Europe and ...

Moderna Inc (MRNA.O) said on Monday it would set up a manufacturing facility in Kenya, its first in Africa, to produce messenger RNA (mRNA) vaccines, including COVID-19 shots. Moderna ...

Russia’s rouble tumbled to a fresh record low in thin offshore trade on Monday, with local markets closed for trading until at least Wednesday. The rouble weakened to 133.5 to ...

By John Kemp U.S. and European economies are facing a heightened risk of a recession this year as Russia’s invasion of Ukraine severely disrupts supply chains and causes ...

European and British wholesale gas prices hit unprecedented levels on Monday on escalating fears that Russian energy exports could face sanctions after Russia’s invasion of Ukraine. U.S. Secretary ...

The price of oil has surged to its highest level since 2008 after Russia’s invasion of Ukraine, adding to airline costs at a time when carriers have been struggling to ...

Western allies’ sanctions against Russia have started to blowback in the form of large potential losses for their own banks, companies and investors, often in unexpected ways. In the past, ...

A licence expires and is terminated upon the death of the licensee The licence to use a property gives the licensee only the right to use it but does not ...

Two of the Big Four accounting firms KPMG and PricewaterhouseCoopers LLP (PwC) on Sunday said they will no longer have a member firm in Russia due to the country’s ...

As the tragic reality of war unfolds in eastern Europe, visitors to a defence show in Saudi Arabia were met with the surreal sight of seeing the latest Ukrainian and ...