Business

Amazon Web Services, a subsidiary of Amazon providing on-demand cloud computing services, announced on Monday that it will launch an AWS Local Zone in Athens, Greece, The new Local Zone ...

Cyprus’ cash reserves exceed the financing needs for 2022, the Public Debt Management Office said on Monday. In its February bulletin, the office explained that general government debt at the end ...

Cyprus’ government deficit fell to €409.1 million or 1.8 per cent of GDP in 2021 in 2021, primarily due to the impressive 16 per cent increase in revenues, according to a preliminary report released by ...

Cyprus has been named in an internal lending scam and money laundering scandal involving Ukrainian lender Privatbank, nationalised in 2016. In a case filed with the District Court, Southern District of ...

The transport ministry announced on Monday it reached an agreement with the companies running the commercial activities at Limassol port to significantly reduce their freight and handling fees after lengthy ...

Main opposition Akel have hammered the government over its decision to shutter Tanzania-based FBME bank some seven years ago, following a court ruling here last week that said the decision ...

Any sanctions imposed on Russia will inevitably end up impacting Cyprus’ economy as well, particularly the tourism sector, president of the Employers and Industrialists Federation (Oev) Michalis Antoniou said on ...

BP is abandoning its stake in Russian oil giant Rosneft in an abrupt and costly end to three decades of operating in the energy-rich country, marking the most significant move ...

VTB Capital last week lowered a large Russian flag at its palatial building opposite the Bank of England in London’s financial district, signalling a retreat from one of the ...

The Russian rouble slid more than 15 per cent against the dollar and euro at market opening in Moscow on Monday but central bank intervention arrested its fall, after it tumbled ...

Norway’s $1.3 trillion sovereign wealth fund, the world’s largest, will divest its Russian assets following Russia’s invasion of Ukraine, the Norwegian prime minister said on Sunday. The fund’...

Confidentiality should be safeguarded in commercial transactions Every transaction includes elements of confidentiality, especially with regard to the sale of assets, property, shares or in the event of agency, franchising ...

Russia’s central bank on Monday sharply raised its key policy rate to 20%, a day after announcing a slew of measures to support domestic markets, as it scrambled to manage ...

The foldable smartphone market is expected to grow massively in the coming years, exceeding 30 million units by 2024, according to a report released this week by technology analysts Canalys. “The key ...

International companies with exposure to Russia are girding for further Western sanctions following Moscow’s invasion of Ukraine. Here’s a list of some of the companies, by region: EUROPEAN ...

In July 2020, just a few months after the COVID-19 pandemic started to spiral out of control, Shell CEO Ben van Beurden declared world oil demand may have passed its peak – ...

Ukraine’s government has raised almost $8 million in cryptocurrencies after posting appeals on social media for donations of bitcoin and other digital tokens, according to blockchain analysis company Elliptic. Ukraine’...

Investors were preparing on Saturday for more wild gyrations in asset prices after Western nations announced a harsh set of sanctions to punish Russia for its invasion of Ukraine, including ...

The European Union, along with the United States and other Western partners, has announced further sanctions on Russia for its invasion of Ukraine, including cutting off a number of Russian ...

Public and private sectors need to work together to consolidate the real estate market The steady increase in property prices is a serious challenge that has not been adequately addressed ...

US cryptocurrency exchange Coinbase Global Inc (COIN.O) on Thursday reported a surge in quarterly trading volumes on a sequential basis as volatility in prices drew in retail traders, but ...

Uber Technologies Inc (UBER.N) is testing a new driver earnings algorithm in 24 US cities that allows drivers to see pay and destinations before accepting a trip and raises the ...

Taiwan expects little impact from the war in Ukraine on the supply of key raw materials for semiconductors, the government said on Saturday. Taiwan is a major chip manufacturer, home ...

Intel has chosen the east German city of Magdeburg as the site for a new multibillion-euro European chip factory and will make the decision public on March 4, a person familiar ...