More inflationary pressures ahead
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 ...
Cypriot services sector feeling the impact of sanctions
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 ...
Oil could hit $200 a barrel, says Rystad Energy
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 ...
Harsh words, tough action – how companies have rebuffed Russia
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 ...
Oil gains as spectre of sanctions on Russian oil spurs supply worry
Oil prices rose on Tuesday, with Brent surging past $127 a barrel, as the possibility of formal US sanctions against Russian oil exports spurred concerns about oversupply.
Benchmark Brent crude futures ...
Cryptoverse: The young HODLers keeping bitcoin on an even keel
Bitcoin’s been known to freak out when Elon Musk tweets a broken-heart emoji. So why isn’t it flying off the handle as we seem to stand on the ...
Palladium firms near all-time peak on Ukraine, gold above $2,000 per ounce
Palladium attempted to consolidate off an all-time peak in volatile trading on Tuesday as the Russia-Ukraine crisis fuelled worries of a supply squeeze of the metal, while safe-haven gold also ...
Remorseful Shell abandons Russian oil
Shell stopped buying Russian crude on Tuesday and said it would phase out its involvement in all Russian hydrocarbons from oil to natural gas over Ukraine, becoming one of the ...
What would a U.S. ban on Russian oil mean for the world?
The possibility that the United States might ban Russian oil imports has triggered a surge in Brent crude to almost $140 a barrel, its highest level since 2008.
Russia is the world’...
How US law enforcement could take control of Russian oligarchs’ assets
The US Justice Department last week launched a task force aimed at choking off assets that Russian oligarchs own in the United States, part of Washington’s efforts to pressure ...
Is the war in Ukraine impacting Russian gas supplies to Europe?
Despite the cascade of Western sanctions on Russia in response to its invasion of Ukraine, one thing hasn’t been affected so far – flows of Russian gas to Europe and ...
Moderna to set up mRNA vaccine manufacturing facility in Kenya
Moderna Inc (MRNA.O) said on Monday it would set up a manufacturing facility in Kenya, its first in Africa, to produce messenger RNA (mRNA) vaccines, including COVID-19 shots.
Moderna ...
Russian rouble hits new record low in thin offshore trade
Russia’s rouble tumbled to a fresh record low in thin offshore trade on Monday, with local markets closed for trading until at least Wednesday.
The rouble weakened to 133.5 to ...
Global recession risks rise: Kemp
By John Kemp
U.S. and European economies are facing a heightened risk of a recession this year as Russia’s invasion of Ukraine severely disrupts supply chains and causes ...
Sanctions fears push European gas prices to record highs
European and British wholesale gas prices hit unprecedented levels on Monday on escalating fears that Russian energy exports could face sanctions after Russia’s invasion of Ukraine.
U.S. Secretary ...
Airlines use hedging, fuel surcharges to offset some pain as oil surges
The price of oil has surged to its highest level since 2008 after Russia’s invasion of Ukraine, adding to airline costs at a time when carriers have been struggling to ...
Confusion, but not panic, reigns in global finance in Russia’s wake
Western allies’ sanctions against Russia have started to blowback in the form of large potential losses for their own banks, companies and investors, often in unexpected ways. In the past, ...
A licence cannot be inherited
A licence expires and is terminated upon the death of the licensee
The licence to use a property gives the licensee only the right to use it but does not ...
Accounting firms KPMG and PwC to exit Russia
Two of the Big Four accounting firms KPMG and PricewaterhouseCoopers LLP (PwC) on Sunday said they will no longer have a member firm in Russia due to the country’s ...
Russian and Ukrainian weapons compete at Saudi defence show
As the tragic reality of war unfolds in eastern Europe, visitors to a defence show in Saudi Arabia were met with the surreal sight of seeing the latest Ukrainian and ...
UK house prices rocket at fastest rate since 2007: Halifax
British house prices are rising at the fastest rate since before the global financial crisis as a shortage of sellers continued to pump up the housing market, mortgage lender Halifax ...
Odd tales in real estate
From to time we write about some of the odd things going on in real estate that come to our attention. There are various scams and other things to look ...
Euro slides as war in Ukraine stokes inflationary shock
The euro tumbled to a fresh 22-month low on the dollar while commodity currencies were swept to multi-month peaks as war in Ukraine sent oil prices spiking and stoked fears ...
Privacy a key concern for tech consumers
Privacy has become increasingly crucial for consumers when deciding which manufacturer or brand they will spend their money on, according to a study by market research company International Data Corporation (...