#business

Oil prices were little changed on Friday, but headed for a second week of losses as supply concerns driven by conflict in the Middle East eased, while the demand outlook ...

Amazon.com (AMZN.O) used a series of illegal strategies to boost profits at its online retail empire, including an algorithm that pushed up prices US households paid by more ...

A growing number of private equity funds are opening offices in the Gulf, hoping to deepen their ties with cash-rich sovereign wealth funds and families in the region as funding ...

Construction of one of Germany’s tallest buildings has suddenly halted midway after the developer stopped paying its builder, yet another ominous sign for the nation’s troubled property sector. ...

The University of Cyprus’s Economics Research Centre (CypERC) this week revised its projections for the country’s real GDP growth downward for 2023, citing various challenges and uncertainties. The centre’...

The City of Dreams Mediterranean has been honoured with the title of the world’s best new luxury resort-casino at the Seven Stars Luxury Hospitality and Lifestyle Awards 2023 (SSLHLA). In ...

British supermarket group Sainsbury’s forecast full-year profit at the upper half of previous guidance as it reported slightly better-than-expected flat profit for the first half due to demand for ...

Kraft Heinz (KHC.O) this week raised its 2023 profit estimates for the second time this year after topping quarterly earnings estimates on higher prices for its packaged meals and condiments, ...

Japanese Prime Minister Fumio Kishida said on Thursday the government will spend over 17 trillion yen ($113 billion) on a package of measures to cushion the economic blow from inflation, which will ...

The pound rose on Thursday after the Bank of England held interest rates at a 15-year high but stressed that it did not intend to cut them any time soon. ...

The Turkish central bank hiked required reserves for FX-protected lira deposits by 5 percentage points, according to a decision published in the Official Gazette early on Thursday. The central bank increased ...

Luxury sports carmaker Ferrari (RACE.MI) has no plans to transfer its registered office from the Netherlands at the moment, a spokesperson for the company said on Wednesday. Earlier on ...

After two consecutive months of inflationary increases, October has brought signs of moderation in Cyprus’ inflation rate, according to the latest report by the Cyprus Statistical Service (Cystat). According to ...

Shell (SHEL.L) on Thursday reported third-quarter earnings of $6.2 billion, in line with expectations, on higher refining margins and strong liquefied natural gas (LNG) trading. The company announced share buybacks ...

A technical glitch that cancelled all flights departing from Turkey’s biggest city of Istanbul on Wednesday is now fixed and operations are returning gradually to normal, Turkey’s flag-carrier ...

The Federal Reserve held interest rates steady on Wednesday as policymakers struggled to determine whether financial conditions may be tight enough already to control inflation, or whether an economy that ...

The Cypriot government has reported a surplus of €931.6 million for the period spanning January to September 2023, according to a preliminary estimate released this week by the state’s statistical service. ...

Hellenic Bank on Wednesday released a statement underlining that it is spearheading the green transition with innovative, specialised products, something which was further stressed during a recent energy conference. The 11...

Turkey is preparing new legislation covering crypto-assets to persuade an international crime watchdog to remove it from a “grey list” of countries that have taken insufficient action to prevent money ...

British house prices unexpectedly rose by almost 1 per cent in October but the increase was due more to a lack of homes for sale than a turnaround in the market ...

Toyota Motor (7203.T) more than doubled its second-quarter profit and sharply raised its full-year outlook on Wednesday, as a weaker yen currency bolstered the impact of robust global sales. The ...

Former Russian president Dmitry Medvedev sneered at the Danish brewer Carlsberg CARLb.CO on Wednesday for having thought it could quit Russia without penalty after the West sanctioned Moscow for ...

British luxury carmaker Aston Martin (AML.L) posted a bigger than expected quarterly loss on Wednesday and lowered its 2023 volume outlook due to production issues for its new DB12 sports ...

Amid the war in the Middle East, high energy prices, persistent inflation, and high interest rates, the country is facing serious challenges, all of which have contributed to increased economic ...