Business

Britons cut back on their shopping in February and consumer confidence levels tumbled this month as accelerating inflation cast a shadow over the world’s fifth-biggest economy, data released on ...

Energy Minister Natasa Pilidou will meet with her Egyptian counterparts in Cairo on Sunday and Monday, a ministry statement announced on Saturday. According to the statement, Pilidou is leading a ...

Nearly a year after COVID vaccines became freely available in the US., one fourth of American adults remain unvaccinated, and a picture of the economic cost of vaccine hesitancy is ...

Chief Scientist and Research and Innovation Foundation president Nikolas Mastroyiannopoulos, during an interview with the Cyprus News Agency earlier this week, revealed that the creation of a national knowledge transfer ...

Russia’s invasion of Ukraine on Feb. 24 sparked sweeping sanctions that ripped the country out of the global financial fabric and sent its economy reeling. A month on, Russia’s ...

By Ioannis Tirkides The war in Ukraine and the sanctions will have profound effects on the Russian economy itself, will cause a geopolitical shift, and will certainly have serious macroeconomic ...

China’s state-run Sinopec Group has suspended talks for a major petrochemical investment and a gas marketing venture in Russia, sources told Reuters, heeding a government call for caution as ...

Lebanese banks will be allowed to sell the local currency for US dollars and vice-versa starting March 28, on the basis of the rate determined by the central bank’s “Sayrafa” ...

HSBC (HSBA.L) is shunning prospective Russian clients and declining credit to some existing ones, two sources with knowledge of the matter told Reuters, as the bank seeks to shield ...

The United States will work to supply 15 billion cubic metres of liquefied natural gas (LNG) to the European Union this year to help it wean off Russian energy supplies, the ...

European Union countries are likely to agree to allow millions of Ukrainian refugees to exchange their currency, the hryvnia, into currencies used in the EU over the next three months ...

Cyprus Securities and Exchange Commission (CySEC) chairman George Theocharides was appointed in the position of Chairman of the Committee for Economic and Markets Analysis (CEMA) of the European Securities and ...

Global banks including Citigroup Inc (C.N), JPMorgan Chase & Co (JPM.N) and Societe Generale (SOGN.PA) face pressure to commit to remaining as custodian banks in Russia, as ...

Crude prices slid nearly 2 per cent on Thursday after the European Union (EU) did not agree on a plan to boycott Russian oil and as the United States and its ...

There is interest from people in Scandinavian countries and Switzerland in visiting Cyprus this summer, according to the Deputy Minister of Tourism Savvas Perdios. Speaking from Switzerland, where he is ...

By Yiannis Seitanides RCB Bank’s coordinated exit from the financial markets has entered the final stretch, with the supervisory authorities in Nicosia and Frankfurt managing a situation that could ...

Britain sanctioned another wave of Russia’s banks, critical industries and a host of members of its elite on Thursday, including Gazprombank, Alfa Bank, and a woman they said was ...

Russian President Vladimir Putin on Wednesday said the world’s largest natural gas producer would soon require “unfriendly” countries to pay for their fuel in Russia’s currency, the rouble. ...

Russia’s stocks jumped on Thursday, the first day of trading in almost a month in the wake of its troops entering Ukraine, with gains in commodity stocks offset by ...

Finnair will commence direct flights from Larnaca to Helsinki from April 10 this year, an announcement from the Finnish embassy in Cyprus said Thursday. The Finnish ambassador to Cyprus, Harri Mä...

RCB Bank on Thursday announced that it will cease operating as a bank and would become an asset management company. The bank cited the “ongoing and extremely volatile geopolitical situation” ...

Eurobank Cyprus on Wednesday announced that it posted a net profit of €52.3 million for 2021, boosting its profitability from the year before, while at the same time improving its asset quality ...

The €556 million loan portfolio sale by RCB Bank to Hellenic Bank on Tuesday served to fulfil a dual purpose – bolstering the latter bank’s portfolio with high-quality assets, while at ...

BUX, a European digital financial services company, announced on Wednesday the appointment of Jean-Raphael Nahas as new Managing Director of its Cyprus CFD operations, following the hiring of online brokerage ...