#business

Britons would be limited to 20,000 digital pounds ($24,000) each if the country goes ahead with a digital currency, Bank of England Deputy Governor Jon Cunliffe said on Tuesday. Britain’s government ...

Unilever Plc (ULVR.L) said on Thursday it would continue to raise prices for its detergents, soaps and packaged food to offset rising input costs, and ease up those hikes ...

Alphabet Inc (GOOGL.O) lost $100 billion in market value on Wednesday after its new chatbot shared inaccurate information in a promotional video and a company event failed to dazzle, feeding ...

Revolut is giving customers the chance to earn cryptocurrency rewards if they allow the lender to “stake” their coins to verify blockchain transactions, in a sign the digital bank is ...

Egypt plans to sell stakes in at least 32 companies by the end of March 2024, Prime Minister Moustafa Madbouly said on Wednesday, dusting off plans that have largely lain dormant for ...

Access to Twitter in Turkey has been restored, the Netblocks internet observatory said on Thursday, following talks between the company and Turkish authorities about content posted after a major earthquake ...

Cyprus and India can mutually benefit through a deeper and broader economic and business collaborative relationship, according to an analysis released this week by two executives from consulting and advisory ...

Port management company DP World Limassol on Wednesday announced that it had one of its best years since taking over as operator in 2017, recording an impressive performance in 2022, with Limassol ...

The Association of Cyprus Tourist Enterprises (Stek) on Wednesday announced that a range of free seminars will soon become available to tourism sector professionals. “The Association of Cyprus Tourist Enterprises, ...

Ratings agency Moody’s lowered Egypt’s sovereign rating by one notch to B3 from B2 on Tuesday, citing the country’s reduced external buffers and shock absorption capacity. The ...

Following are reactions from analysts and investors to US President Joe Biden’s State of the Union speech on Tuesday, in which he challenged Republicans to lift the debt ceiling ...

Grocery costs seen rising further in 2023 -executives, analysts Input costs exacerbated by Ukraine war Retailers seeking to pass on high raw material costs Unilever, Nestle, Danone to report results this ...

Russian state oil revenues fall 40 per cent on sanctions Tanker owners post record profits, traders and bankers say India, China get cheaper oil Western sanctions on Russia have significantly reduced ...

Shares of Japan’s Nintendo Co Ltd (7974.T) and SoftBank Group Corp (9984.T) and Sharp Corp (6753.T) fell steeply on Wednesday, after the companies jolted investors with disappointing results, emphasising ...

The total number of loan restructurings in Cyprus appears to have decelerated in 2022, after their sudden and sharp increase in 2021 due to the adverse economic effects of the coronavirus pandemic, ...

Retail investors are piling into small-cap firms that employ artificial intelligence amid intensifying competition between tech titans Google parent Alphabet and Microsoft to secure leadership in the next big driver ...

APS Group, one of the leading alternative asset management companies in Central, Eastern, and South-eastern Europe, on Tuesday announced that it has acquired a corporate and SME secured loan portfolio ...

North Korea stole more cryptocurrency assets in 2022 than in any other year and targeted the networks of foreign aerospace and defense companies, according to a currently confidential United Nations report ...

German industrial production fell more than expected in December, driven by a plunge in output from energy-intensive sectors, the federal statistics office said on Tuesday. Industrial production decreased by 3.1 per ...

Have bitcoin and ether finally turned a corner? It’s looking that way, if crypto options traders are anything to go by. The volume of bitcoin options traded on Deribit, ...

Google owner Alphabet Inc (GOOGL.O) on Monday said it will launch a chatbot service and more artificial intelligence for its search engine as well as developers, an answer to ...

BP (BP.L) on Tuesday reported a record profit of $28 billion for 2022, lifted by the surge in energy prices since Russia’s invasion of Ukraine, while boosting its dividend in ...

Hermes International SCA (HRMS.PA) urged a US jury on Monday to find that a creator of non-fungible tokens violated its trademark for Birkin bags, while lawyers for the “MetaBirkins” ...

Britain is likely to spend 69 billion pounds ($82.95 billion) on schemes to protect households and business from soaring electricity costs, half of the original estimate, a UK spending watchdog said, as ...