#business

“I’m nearly bankrupt,” says Jad Fawaz, a crypto trader in Abu Dhabi. “I’m laughing because there’s no point in exerting more depression and more frustration about it.” ...

Euro zone inflation may have peaked but will subside so slowly that it could be years before it gets back to the European Central Bank’s 2 per cent target, keeping ...

US weapons maker Lockheed Martin (LMT.N) and Israeli contractor Rafael have teamed up to create a high-energy laser weapon system, based on a technology already under development in Israel ...

Goldman Sachs (GS.N) plans to spend tens of millions of dollars to buy or invest in crypto companies after the collapse of the FTX exchange hit valuations and dampened ...

Deputy Minister of Tourism Savvas Perdios on Tuesday said that the future of Cypriot tourism is promising, despite a number of challenges, before expressing his desire that the upcoming presidential ...

As the US dollar tumbles from multi-decade highs, some investors are betting emerging market currencies will be big winners from a sustained reversal in the greenback. The MSCI International Emerging ...

Neuralink, the Elon Musk company that Reuters reported on Monday is the target of a federal investigation over its animal trial program, has been trying to develop a brain chip ...

Cyprus Airways on Tuesday announced that it is increasing its capacity over the Christmas period, offering more than 6,000 additional seats for travel to and from Cyprus. According to the announcement, ...

European Union countries on Tuesday considered the latest proposal for a lower gas price cap of 220 euros ($231), a week away from a meeting when the bloc hopes to resolve an ...

Banks in countries such as Ukraine and Turkey face a “very high” risk from restrictions on capital flows, weak international reserves and a high level of foreign currency debt, Moody’...

The European Central Bank will have to raise interest rates several more times to tame price pressures, even if headline inflation is now close to its peak, ECB chief economist ...

The International Air Transport Association (IATA) this week said that the recovery in international air travel continued in October, with total traffic during that time rising by 44.6 per cent compared ...

Euro zone business activity declined for a fifth month in November, suggesting the economy was sliding into a mild recession as consumers cut spending amid surging inflation, a survey showed. ...

Unemployment in Cyprus increased in November both on a monthly and annual basis, according to a report released on Monday by the Cyprus Statistical Service (Cystat). According to the report, ...

The New Zealand government said it will introduce a law that will require big online digital companies such as Alphabet Inc’s (GOOGL.O) Google and Meta Platforms Inc (META....

Indonesia’s central bank (BI) governor Perry Warjiyo said on Monday its planned digital rupiah currency can be used in the future to buy products in the metaverse. BI launched ...

BP chief executive Bernard Looney is betting on hydrogen to power future low-carbon businesses as the governments of major economies stump up cash to develop the fuel to decarbonise. Low-carbon ...

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, ...