Business

kraine’s top government economic adviser Oleg Ustenko said on Thursday that invading Russian forces have so far destroyed at least $100 billion worth of infrastructure, buildings and other physical assets. ...

Russia and Belarus are edging close to default given the massive sanctions imposed against their economies by the United States and its allies over the war in Ukraine, the World ...

By Maria Demertzis The events that have unfolded since 24 February have solved one dispute: inflation is no longer temporary. There are four reasons to expect sustained inflationary pressures and one ...

The Kremlin said on Thursday that Russia’s economy was experiencing a shock and that measures were being taken to soften the impact of what it described as an “absolutely ...

Rating agency Standard & Poor’s on Thursday downgraded RCB Bank’s long-term issuer rating from BB- to B+ and placed the bank on negative watch, citing the lack of ...

Russia’s President Vladimir Putin has signed a law on using the country’s rainy-day National Wealth Fund to buy OFZ government bonds and stocks, the RIA news agency reported ...

A global food crisis sparked by Russia’s invasion of Ukraine escalated on Wednesday as Indonesia tightened curbs on palm oil exports, adding to a growing list of key producing ...

The discussion between Hellenic Bank and the Cyprus Union of Bank Employees (Etyk) have broken down, resulting in the bank now seeking mediation from the Department of Labour Relations. “It ...

RCB Bank announced on Tuesday that it has donated €50,000 to the Cyprus Red Cross Society (CRCS) in support of the organisation’s relief and humanitarian efforts on the ground for ...

The government posted a higher fiscal surplus this January compared to the same month last year, preliminary data show. In January 2022 the general government’s surplus came to €227.7 million (or 0.9 ...

Russia’s rouble tumbled to record lows in onshore trading on Wednesday despite measures by Moscow to shore up its battered economy and safeguard hard currency availability amid fresh economic ...

The Kremlin accused the United States on Wednesday of declaring an economic war on Russia that was sowing mayhem through energy markets, and it put Washington on notice it was ...

Makers of everyday staples from Pampers diapers to Dove soap are walking a fine line by continuing to sell their products in Russia, as pressure grows on multinational companies to ...

Bitcoin led a rally in cryptocurrencies on Wednesday after what appeared to be a prematurely published US Treasury statement allayed market worries about a sudden tightening of US rules around ...

Asia’s liquefied natural gas (LNG) demand growth may cool this year as buyers baulk at record-high spot prices pushed even higher by Europe’s shift to the super-chilled fuel ...

Middle Eastern and Chinese sovereign wealth funds are likely to avoid new deals in Russia for now after its invasion of Ukraine, said the author of a report published on ...

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 ...