#business

Samsung Electronics Co Ltd’s (005930.KS) quarterly profit will likely plunge 58 per cent to its lowest in six years as a global economic downturn saps demand for electronic devices and ...

British businesses are gloomy about prospects for 2023 as they face the likelihood of a surge energy bills and ongoing post-Brexit trade difficulties, the British Chambers of Commerce said late on ...

FTX’s former top lawyer Daniel Friedberg has cooperated with US prosecutors as they investigate the crypto firm’s collapse, a source familiar with the matter said, adding pressure on ...

The Federal Reserve ended 2022 with a firm promise at its December policy meeting that interest rates would continue rising this year, but at a slower pace and perhaps only by ...

The Egyptian pound weakened to 26.49 to the dollar on Wednesday, its biggest one-day move since the central bank allowed it to fall by 14.5 per cent on Oct. 27, according Refinitiv Data. ...

The Association for the Protection of Borrowers (Syprodat) on Wednesday released a statement calling on the government to draw up and implement immediate relief measures for consumers, households, businesses and ...

The Central Bank of Cyprus (CBC) on Wednesday published a report detailing interest rate statistics concerning Cypriot banks, including for deposits and loans of eurozone residents in euros, as well ...

Cypriot digital agency Base Element on Wednesday announced that it has entered into a collaborative initiative with US company Medalia, ultimately seeking to improve the customer experience for brands. “Medallia, ...

US-based cryptocurrency exchange Coinbase Global Inc (COIN.O) has reached a $100 million settlement with New York regulators, the New York Times reported on Wednesday. State financial regulators found the company ...

Oil fell sharply on Wednesday after slumping in the previous session, weighed down by concerns about weak demand due to the state of the global economy and China’s rising ...

US companies, from tech majors to consumer firms, are bracing for a potential economic downturn by shrinking their employee base to streamline operations. Job cuts announced by US-based employers jumped 13 ...

Goldman Sachs Group Inc’s (GS.N) top dealmakers are bullish on a recovery in global mergers & acquisitions (M&A) in the second half of 2023 despite a slowdown ...

Having weathered a dire 2022, many global hedge fund managers are preparing this year for persistent inflation and seeking exposure to commodities and bonds that perform well in such an environment. ...

Sam Bankman-Fried pleaded not guilty on Tuesday to criminal charges that he cheated investors in his now-bankrupt FTX cryptocurrency exchange and caused billions of dollars in losses, in what prosecutors ...

Tesla Inc (TSLA.O) shares kicked off 2023 with a near 4 per cent drop on Tuesday, extending a selloff from their worst year on growing worries about weakening demand and logistical ...

British manufacturers are starting 2023 on the back foot, after they reported one of their sharpest falls in activity since the 2008-09 recession last month, reflecting a sharp fall in new ...

Managing Director of Logicom Solutions Chrysostomos Kritiotis on Tuesday provided an evaluation of the previous year’s financial environment, outlining its effects on banks and other organisations. “The outbreak of ...

The main indicators concerning Cyprus’ foreign trade experienced a decline during the third quarter of 2022, according to a report using preliminary data, which was published on Tuesday by the Central ...

Cameron Winklevoss, who founded crypto exchange Gemini Trust Co with his twin brother, on Monday accused Digital Currency Group (DCG) CEO Barry Silbert of “bad faith stall tactics” and asked ...

Growth in Saudi Arabia’s non-oil business activity slowed to a three-month low in December, a survey showed on Tuesday, although higher sales and strong demand ensured firms remained confident ...

South Korea’s antitrust regulator said it would impose a 2.85 billion won ($2.2 million) fine on Tesla Inc (TSLA.O) for failing to tell its customers about the shorter driving range ...

Oil prices held in a narrow range on Tuesday, though the outlook for demand was clouded by a weak manufacturing activity survey from China, and a warning from the head ...

The Bank of Israel raised its benchmark interest rate (ILINR=ECI) by half a point on Monday, and will likely continue its increases a bit more in coming months, saying ...

Cypriot fintech Ask Wire on Tuesday published a report documenting the Nicosia properties that are endangered by a possible overflowing of the Pedieos river. The company noted that the river ...