#business

HSBC Holdings Plc told Reuters on Thursday it will stop financing the expansion of thermal coal from funds it manages actively with immediate effect, marking an acceleration of a broader ...

A Federal Reserve dead-set on fighting inflation is leaving little hope that this year’s rocky markets will end anytime soon, as policymakers signal rates rises faster and higher than ...

The dollar surged to a fresh two-decade high and stocks slid on Thursday with investors unsettled by the Federal Reserve’s aggressive outlook for US interest rates and braced for ...

Oil rebounded on Thursday after sliding 1 per cent in the previous session as concerns over tight supplies heading into winter eclipsed fears of a global recession. Brent crude futures rose 15 ...

Emmanuel Lefebvre produces thousands of tonnes of endives on his farm in northern France annually, but this year he may abandon his crop because of the crippling energy costs required ...

Germany nationalised gas importer Uniper (UN01.DE) on Wednesday and Britain capped the wholesale cost of electricity and gas for businesses, in Europe’s latest moves to keep the lights ...

Cypriot company Point Nine this week announced that its third annual conference was successfully held at the Four Seasons Hotel in Limassol on Friday, September 16, attracting a number of stakeholders ...

The Cyprus Fiscal Council on Wednesday said the 2023 state budget should be designed in such a way that it bolsters the Cypriot economy’s presently-satisfactory resilience, primarily to the worrying ...

Nasdaq Inc (NDAQ.O) is placing a big bet on the cryptocurrency market, with the launch of a digital assets business that is aimed at tapping institutional investors. The new ...

On May 11, Scott Odell, an analyst at British crypto lender Blockchain.com, instant messaged Edward Zhao of Three Arrows Capital asking that the Singapore hedge fund repay at least part ...

The dollar jumped to a new two-decade high on Wednesday, as a decision by Russia’s President Vladimir Putin to mobilise more troops for the conflict in Ukraine rattled markets ...

Europe’s problems in sourcing oil and gas this winter after a dispute with Russia may be exacerbated by a new crisis in the market where prices are already red-hot: ...

Oil prices ticked up on Wednesday on supply concerns, but expectations of another aggressive US interest rate hike capped gains amid investor concerns it could lead to a recession and ...

Tesla (TSLA.O) Chief Executive Elon Musk blamed overreliance on factory robots for sending the electric carmaker to “production hell” four years ago, saying humans were better at certain jobs. ...

There was an increase of 16.69 per cent in the Construction Materials Price Index in August 2022, compared to the corresponding period in 2021, according to a report released this week by the ...

The Merge came, saw and conquered. Not that you’d guess from crypto prices. The Ethereum blockchain’s mega-upgrade finally went live on Sept. 15, moving it to a less energy-intensive “...

Fossil-fuel producers are minting money again. Yet Western financiers hoping to share in the spoils of a 1970s-style petrodollar boom will be disappointed. High energy prices, caused by Russia’s ...

The sleepy Tanzanian port of Mtwara mainly dealt in cashew nuts until late last year. Now it bustles with vessels loading up with coal, as Russia’s invasion of Ukraine ...

Hellenic Bank on Tuesday released its financial results for the first half of 2022, posting a profit of €55.4 million, compared to a profit of €21 million in the corresponding period of 2021. The ...

China’s crude oil imports from Russia in August surged 28 per cent from a year earlier, data showed on Tuesday, but it handed back its top supplier ranking to Saudi ...

The Cyprus hoteliers’ association (Pasyxe) on Monday announced that it plans to meet with Labour Minister Kyriacos Koushos in order to discuss the ongoing labour shortages in the tourism sector. ...

European governments outlined new measures on Monday to cope with potential energy shortages this winter and raced to improve energy networks to share power, with Russian gas flows still running ...

Fidera Limited and its operating partner Elements Capital Management on Monday unveiled the exterior design of Londa Residences, a high-end residential development in Limassol. The development involves the transformation of ...

Volkswagen (VOWG_p.DE)is targeting a valuation of up to 75 billion euros ($75.1 billion) for luxury sportscar maker Porsche, it said on Sunday, in what will be Germany’s second-largest ...