Business

The West has imposed an unprecedented package of sanctions on Russia, its top companies and its business and political elite in response to Moscow’s invasion of Ukraine. The measures ...

Goldman Sachs Group Inc (GS.N) officers and directors reached a $79.5 million settlement to resolve shareholder claims that their poor oversight contributed to the bank being enmeshed in the looting ...

Russia’s biggest airline, Aeroflot (AFLT.MM), said on Friday it had bought eight Airbus A330 aircraft from foreign leasing companies “as part of the fulfilment of contractual obligations”. More ...

The Cyprus Securities and Exchange Commission (CySEC) announced the launch of an online platform which will reinforce its efforts to curtail money laundering. CySEC, in a press release said that ...

An open letter outlining a range of measures for the government to implement, sent on Wednesday by the Cyprus Chamber of Commerce and Industry (Keve), has sparked a fierce reaction ...

Deputy Minister for Research, Innovation and Digital Policy Kyriacos Kokkinos announced on Friday the signing of a Memorandum of Understanding (MoU) with IDEA Innovation Centre president Charis Pouangare. The MoU ...

Research released earlier this month has shown that the behaviour of consumers and markets in the technology sector is being driven by a number of factors, with several trends being ...

The European Bank for Reconstruction and Development (EBRD) is considering financial support for Ukraine’s transport and logistics companies to help them maintain their exports, a senior bank official said ...

A cruise ship carrying around 1,000 passengers from Israel docked at Larnaca port on Friday after a two-year hiatus of the service due to the Covid-19 restrictions. The Crown Iris cruise ...

Japan’s Toshiba Corp (6502.T) said on Friday it has received interest from 10 potential investors after it solicited buyout offers. It also announced a special dividend of 160 yen per share, ...

The Russian rouble firmed past 63 per dollar in Moscow on Friday for the first time since early February 2020 and touched a fresh five-year high versus the euro, supported by continuing ...

The euro edged off five-year lows to rise back above $1.04 on Friday, but it is headed for a big weekly loss after Russia’s decision to restrict gas supplies to ...

The government will continue supporting households and especially the vulnerable amid the rising inflation, Finance Minister Constantinos Petrides had told CNA, warning that tackling inflation is difficult due to its ...

A six-day slide in Turkey’s lira has left traders predicting that authorities are now targeting a new level, as weak as 15.5 to the dollar, in a months-long effort to ...

Cryptocurrencies nursed large losses on Friday, with bitcoin pinned below $30,000 and set for a record losing streak as the collapse of TerraUSD, a so-called stablecoin, rippled through markets. Crypto assets ...

OPEC on Thursday cut its forecast for growth in world oil demand in 2022 for a second straight month, citing the impact of Russia’s invasion of Ukraine, rising inflation and ...

The recent approval by the Cabinet of Ministers of a scheme to further incentivise the relocation of foreign workers and companies creates major opportunities for Cyprus, Invest Cyprus CEO George ...

A Moscow law firm that has filed cases against Apple and Netflix over what it says are consumer rights violations is aiming to “punish” other Western companies that have quit ...

Finance Minister Constantinos Petrides on Thursday defended the government’s actions to deal with the recent rise in consumer prices, saying that the measures that have been taken so far ...

Forex trading is one of the options open to entrepreneurs trying to generate revenue for their enterprises. Even though the value has decreased compared to past years, Currency trading still ...

Pressure on Europe to secure alternative gas supplies increased on Thursday after Moscow imposed sanctions on European subsidiaries of state-owned Gazprom and Ukraine stopped a gas transit route, pushing prices ...

Cryptocurrencies extended their sell-off on Thursday, with Bitcoin falling to its lowest levels in 16 months as a stampede out of so-called stablecoins sent shockwaves around broader markets. The latest blow ...

Siemens (SIEGn.DE) will quit the Russian market due to the war in Ukraine, it said on Thursday, taking a 600 million euro ($630 million) hit to its business during the second ...

The Turkish lira eased a further 0.85 per cent against the dollar on Wednesday, weakening for a fifth session and bringing the currency back towards the lows it hit in late ...