Business

Crypto lender Nexo said it has teamed up with global payments company Mastercard (MA.N) to launch on Wednesday what it calls the world’s first “crypto-backed” payment card. It ...

British consumer price inflation leapt to its highest level in three decades last month, intensifying the pressure on embattled Prime Minister Boris Johnson and his finance minister Rishi Sunak to ...

Lebanon’s government has agreed to disburse $15 million to temporarily resolve growing bread shortages in the country, Economy Minister Amin Salam told Reuters, while saying that the funds would only ...

Following the invasion of Ukraine by Russia, countries around the world have reacted by putting heavy sanctions on Russia as well as many oligarchs. These sanctions have caused many ripples ...

China’s overall trade with Russia rose over 12 per cent in March from a year earlier, slowing from February but still outpacing the growth in China’s total imports and ...

Elon Musk was sued on Tuesday by former Twitter Inc (TWTR.N) shareholders who claim they missed out on the recent run-up in its stock price because he waited too ...

Association of Large Developments president and Cyprus Chamber of Commerce (Keve) vice president Andreas Demetriades on Tuesday asked that the government quickly proceeds with the launch of an international tender ...

British employees with the smallest monthly pay packets are also receiving the lowest annual salary rises, intensifying the cost-of-living squeeze faced by the poorest households, tax data showed on Tuesday. ...

China lifted a nine-month freeze on gaming licences after companies, including industry leader Tencent (0700.HK), made major adjustments to their business practices and due to the ban’s economic fallout, ...

Oil prices climbed on Tuesday as Shanghai’s relaxation of some COVID-19 restrictions eased concerns about Chinese demand and as OPEC warned it would be impossible to replace potential supply ...

By Kyriacos Nicolaou and Elias Hazou Inflation is probably here to stay, Finance Minister Constantinos Petrides said on Tuesday, voicing doubts about the planned transition to ‘green energy’. He made ...

Sri Lanka’s central bank said on Tuesday it had become “challenging and impossible” to repay external debt, as it tries to use its dwindling foreign exchange reserves to import ...

By Kiki Kallis The Great Resignation phenomenon is one of the biggest employment challenges of our time. Thousands of workers around the world have left their jobs in pursuit of ...

A crypto platform’s pledge to amass $10 billion worth of bitcoin to back its own “stablecoin” is firing up the market. It’s part of a wider movement to crown ...

Britain’s jobless rate slipped further below its level immediately before the coronavirus pandemic, underscoring the risk of inflation pressure in the labour market that has the Bank of England ...

The rouble weakened sharply on Monday, reversing some of the previous week’s gains, after Russia relaxed temporary capital control measures aimed at limiting a drop in the currency. Shares ...

By Yiannis Seitanides The new sanctions against Russia, which were decided by the European Union member states and came into force on Saturday with their publication in the Official Journal ...

The Bank of Israel raised its benchmark interest rate (ILINR=ECI) for the first time in 3-1/2 years on Monday, as expected, to combat rising inflation partly caused by robust ...

Britain’s economy slowed more sharply than expected in February, reflecting a hit to car production from component shortages, storm disruption and reduced health spending as households braced for a ...

Turkey’s current account registered a deficit of $5.15 billion in February, more than double the amount in the same month last year, data from the central bank showed on Monday, ...

The Cyprus Chamber of Commerce and Industry (Keve) on Monday announced that it successfully held an event on April 5 on nanotechnological solutions in Cypriot companies. The event, which also explored ...

The EuroAsia Interconnector can be a gamechanger for energy security and the provision of energy to European markets and beyond, Energy Minister Natasa Pilides said on Monday. She was speaking ...

European Investment Bank (EIB) president Werner Hoyer during his visit to Cyprus on Monday confirmed that projects in Cyprus absorbed €303 million during the previous year, with both the private and ...

Hellenic Bank on Monday announced that it has entered into an agreement for both the sale of a non-performing exposures portfolio, as well as the bank’s servicing platform APS ...