#business

National investment agency Invest Cyprus on Monday announced that the ANIMA Investment Network, a platform for economic cooperation between Europe, the Middle East and Africa, has chosen Cyprus as the ...

Unemployed and unable to support his family of four, Hussein Hamadeh, 51, now spends his days trying to find help to weather a protracted economic crisis that some Lebanese fear has ...

Britain’s economy is on course to shrink 0.4 per cent next year as inflation remains high and companies put investment on hold, with gloomy implications for longer-term growth, the Confederation ...

FTX founder Sam Bankman-Fried tweeted on Sunday that he would testify before the House Financial Services Committee after he finished “learning and reviewing” the events that led to the spectacular ...

Egypt’s non-oil private sector shrank in November at its sharpest rate since the outbreak of the coronavirus pandemic in early 2020, with a weaker currency weighing on the cost and ...

OPEC+ agreed to stick to its oil output targets at a meeting on Sunday as the oil markets struggle to assess the impact of a slowing Chinese economy on demand ...

Companies across Europe are offering one-off bonuses and renegotiating wages as surging inflation raises food and energy bills for staff over the winter. Here are some examples by sector: AUTOS, ...

Bank of England rate-setter Swati Dhingra said in an interview published on Saturday that higher interest rates could lead to a deeper and longer recession, adding there were few signs ...

Crypto broker Genesis and its parent company Digital Currency Group (DCG) owe customers of the Winklevoss twins’ crypto exchange Gemini $900 million, the Financial Times reported on Saturday. Crypto exchange Gemini ...

Turmoil in the cryptocurrency industry has rattled major exchanges and sent the value of digital assets tumbling, but at least one group stands to gain: bankruptcy lawyers. High-profile bankruptcies involving ...

Banks typically trim jobs towards the end of the year, but 2022 has seen a bigger wave of redundancies and layoffs. Rising cost pressures as a result of inflation and shrinking ...

Ports for planes and ships are gearing up for the era of sustainable fuels and renewable energy. By Michael Allen If the European Union is to meet its net-zero targets ...

International technology company Huawei has signed a global commitment to join the International Telecommunication Union’s (ITU) Partner2Connect digital alliance, it announced on Thursday. This will enable Huawei to ...

Cyprus’ general government posted a surplus of €556.4 million for the period between January and October 2022, according to the preliminary financial results published this week by the Cyprus Statistical Service (Cystat). ...

Interest rates on deposits in Cyprus have experienced a slight increase, while interest rates for housing and consumer loans have decreased, according to a report published on Friday by the ...

By Charles Ellinas When it comes to the main objective of COP summits, to stabilize greenhouse gas concentrations ‘at a level that would prevent dangerous anthropogenic (human-induced) interference with the ...

The US Chamber of Commerce and 12 other groups on Thursday warned the European Union against adopting rules that could exclude Amazon (AMZN.O), Alphabet (GOOGL.O) unit Google, Microsoft (MSFT....

Inflation in Cyprus rose to 8.7 per cent in November 2022, according to a report released on Friday by the Cyprus Statistical Service (Cystat). Meanwhile, the Consumer Price Index rose by 0.54 points ...

Finance Minister Constantinos Petrides on Friday addressed the House plenum during his presentation of the government’s economic policy for the coming year, saying that the current administration is submitting ...

Wargaming Group Limited on Friday announced that on November 30 2022, it reached an agreement to sell a holding of 13.41 per cent (55,337,721 shares) in Hellenic Bank Public Company Limited (“Hellenic Bank”) to ...

Dec 1 (Reuters) – 2022 has been a rough year for the crypto industry. The price of bitcoin has dropped 65 per cent since the start of the year, the cryptocurrency Luna suffered a ...

NatWest (NWG.L) has offered the bulk of its 41,500 staff in Britain a pay rise and one-off cash sum to help them cope with soaring prices, after a backlash from ...

JPMorgan (JPM.N) will join HSBC (HSBA.L) in storing bullion for the world’s biggest gold-backed exchange-traded fund (ETF), the fund’s operator said on Thursday, ending its rival’...

Leading indicators for the second half continue pointing to a slowdown in growth due to the weakening foreign demand, the Turkish central bank said on Thursday, a week after it ...