#business

Oil prices rose on Tuesday as the US dollar eased against major peers but gains were limited by worries of slowing global fuel demand growth amid bearish economic data from ...

Alphabet Inc’s Google (GOOGL.O) and Israel’s Reichman University have set up a school to train high-tech professionals, offering courses in computer programming, sales and data analysis among ...

Egypt will develop a new currency indicator partly to wean people off the idea that the Egyptian pound should be pegged to the US dollar, the new central bank governor ...

Saudi Arabia is in advanced negotiations to order almost 40 A350 jets from Europe’s Airbus (AIR.PA) as part of strategic efforts to launch a new airline and challenge heavyweight ...

Toyota (7203.T) is considering a reboot of its electric-car strategy to better compete in a booming market it has been slow to enter, and has halted some work on existing ...

Abu Dhabi sovereign wealth fund ADQ has invested $125 million in the debut fund launched by Aliph Capital, the Middle East’s first female-led private equity firm. The investment announced by ...

Oil prices slid 2 per cent on Monday after Chinese data showed that demand from the world’s largest crude importer remained lacklustre in September as strict COVID-19 policies and fuel ...

The euro zone is likely entering a recession with business activity contracting at the fastest pace in nearly two years this month as the cost-of-living crisis keeps consumers cautious and ...

Israel’s Supreme Court on Sunday rejected petitions that would have held up a landmark US-brokered deal setting a maritime border with Lebanon, which Washington predicted could be finalised on ...

A public spat between the United States and Saudi Arabia will not deter top Wall Street executives and US business leaders from a flagship investment event starting on Tuesday where ...

The US government on Friday reported that its fiscal 2022 budget deficit plunged by half from a year earlier to $1.375 trillion, due to fading COVID-19 relief spending and record revenues fueled ...

South Africa’s financial watchdog has classified cryptocurrency assets as financial products, a notice in the government gazette said on Wednesday, enabling them to be regulated. In the brief notice, ...

German online bank N26 said on Thursday it would begin allowing some customers in Austria to trade cryptocurrencies, in its first foray into the asset class. N26 said it would ...

The dozens of staff to be cut at Deutsche Bank’s (DBKGn.DE) investment bank include staff based in Britain, a person with knowledge of the matter said on Friday. ...

A US judge in Texas ruled on Friday that people killed in two Boeing (BA.N) 737 MAX crashes are legally considered “crime victims,” a designation that will determine what remedies ...

US firms developing a new generation of small nuclear power plants to help cut carbon emissions have a big problem: only one company sells the fuel they need, and it’...

The concept of a flying car is not new – inventors have been trying to add wings to wheeled motor vehicles for decades, with only limited success. Jim Dukhovny, founder of ...

Some investors believe Treasury yields are close to peaking, even as markets continue pricing in more hawkishness from a Federal Reserve bent on taming the worst inflation in decades. It’...

Brazil’s Nubank on Wednesday announced plans to release its own cryptocurrency as part of a new customer rewards programme. Warren Buffett-backed Nubank said in a statement the Nucoin digital ...

International rating agency Capital Intelligence on Saturday announced that it has upgraded the long-term rating of Cyprus in foreign currency to “BBB-“, from “BB+”. At the same time, the agency ...

Cyprus’ fiscal deficit reached €408 mln in 2021 and the fiscal debt corresponded to 101 per cent of GDP, the Cyprus Statistical Service (Cystat) announced on Friday. Announcing the financial results for 2021, which ...

The Chairman of the Cyprus Securities and Exchange Commission (CySEC) George Theocharides this week released a missive on investor education on the risks of crypto asset investment in Cyprus. Theocharides ...

The Association of Cyprus Tourist Enterprises (Stek) on Friday announced that it participated in a conference focusing on religious and pilgrimage tourism in Cyprus and Greece. The conference, which took ...

By Maria Demertzis The increasing importance of semiconductors to economic growth has led governments in different parts of the world to provide subsidies to the sector. These are intended to ...