Business

The Bank of England said on Friday it was satisfied lenders had taken steps to ensure they were no longer “too big to fail” in any future crisis, though it ...

Oil prices slipped on Friday but remained within touching distance of three-month highs as fears over new COVID-19 lockdown measures in Shanghai outweighed solid demand for fuels in the United ...

Turkey’s lira has lost nearly a quarter of its value this year as soaring inflation and the central bank’s reluctance to raise interest rates stoke fears of another ...

MVPS.net marks its 4th anniversary by launching cloud computing services in Cyprus. Located strategically in a data center in Larnaca, its services are designed to provide excellent connectivity to ...

The year 2022 began on a bright one for the global crypto industry, but there have been conflicting views following a series of unprecedented events, such as cryptocurrency’s nonpartisan role ...

Construction companies and other industry stakeholders continue to be faced with the persisting challenges posed by rising domestic inflation, as well as the adverse effects of global supply chain disruption ...

Cyprus’ trade deficit increased by 22.79 per cent year-on-year in the period January-April 2022, according to preliminary data published on Thursday by the Cyprus Statistical Service (Cystat). The deficit amounted to €2.24 billion, ...

Singapore-based private securities platform ADDX said it has become the first financial firm in the city-state to recognise cryptocurrency in their assessment of assets of high-net worth clients. The move ...

The Russian government added 551.4 billion roubles ($9.5 billion) to its emergency reserve fund on Thursday as the Kremlin steps up its stimulus package in a bid to protect the economy from ...

By unanimous vote, the House on Thursday passed legislation aiming to fast-track the return of at least part of the moneys that legacy Laiki’s depositors lost when the bank ...

President Vladimir Putin said on Thursday that no Iron Curtain would fall over the Russian economy despite the sanctions imposed by the West because Moscow would not close itself off ...

The European Central Bank ended a long-running stimulus scheme on Thursday and signalled a series of rate hikes that may be scaled up from September if the inflation outlook fails ...

A hamburger and two potato fries will feature on the new logo at former McDonald’s restaurants in Russia, the local company said, as it unveiled an advertising campaign ahead ...

Intel Corp (INTC.O) has frozen hiring in the division responsible for PC desktop and laptop chips, according to a memo reviewed by Reuters, as part of a series of ...

The yen dropped to a new 20-year low versus the dollar on Thursday, and the euro inched higher ahead of a highly-anticipated meeting of the European Central Bank, which should ...

There’s little doubt the European Central Bank will on Thursday confirm it will pull the plug on years of stimulus and is getting ready to hike interest rates for ...

Anyone who invests in crypto or is thinking about investing is probably researching the best coins to buy all the time. There is already a giddying array of cryptocurrencies on ...

There is a rising risk that Turkey brings in additional capital controls if the pressure on its currency and financial markets continues to intensify, credit rating firm S&P ...

Approximately half of young Cypriots purchase fake products or access pirated digital content, according to a report by the European Union Intellectual Property Office (EUIPO) released on Wednesday. The 2022 edition ...

Under heavy pressure from Western sanctions and airspace bans, Russian state flagship airline Aeroflot (AFLT.MM) plans to raise up to 185.2 billion roubles ($3 billion) in an emergency share issue, it ...

Quant Insight (Qi), a Limassol-based quantitative financial market analytics and trading insights provider, on Wednesday announced that it has entered into a collaborative initiative with Goldman Sachs. The collaboration will ...

A bipartisan pair of US senators unveiled a bill on Tuesday that would establish new rules for cryptocurrency, and hand the bulk of their oversight to the Commodity Futures Trading ...

Fashion giant Zara’s owner Inditex (ITX.MC) reported on Wednesday its quarterly profit jumped 80 per cent on the back of soaring sales as consumers stuck at home during the ...

Microsoft is substantially cutting its business in Russia in response to Moscow’s invasion of Ukraine, Bloomberg News reported on Wednesday. Earlier in March, Microsoft said it was suspending new ...