#business

India’s manufacturing industry ended 2022 on a solid footing as business conditions improved at the fastest rate in over two years while growth in new orders and output accelerated, a ...

Dubai has suspended a tax of 30 per cent on alcohol and dropped a licence fee previously needed to buy alcohol in the commercial and tourism hub, two major retailers said ...

Spending on digital transformation projects is expected to more than double over the next four years in Turkey, the Middle East and Africa, according to a report released this week ...

Taiwan will plough an extra T$380 billion ($12.43 billion) in tax revenue back into the economy in 2023 to help protect the island from global economic shocks, including subsidies for electricity prices, ...

Every cloud has a silver lining. So whether or not the sun sets on cryptocurrencies, its underlying technology, blockchain, has a bright future beyond just coins. By Tom Cassauwers Sam ...

Binance’s $1 billion acquisition of bankrupt crypto lender Voyager Digital could be delayed or blocked by a US national security review, according to a Friday bankruptcy court filing. The crypto ...

For much of the global economy, 2023 is going to be a tough year as the main engines of global growth – the United States, Europe and China – all experience weakening activity, ...

Cybersecurity spending continued to grow in the third quarter of 2022, with the segment expanding by 15.9 per cent year-on-year during this time, reaching a total of $17.8 billion, a report by industry ...

British annual house price growth marked a further “sharp” slowdown in December, mortgage lender Nationwide said, ending the year on a downbeat note as the impact of surging mortgage costs ...

Fidelity funds slashed the value of their Twitter stake by 56 per cent in November, according to a monthly disclosure by the investment firm released on Friday, as the social media ...

A judge has set Jan. 3 for the first pre-trial hearing in the Biden administration’s case against Microsoft (MSFT.O) over its $69 billion bid to take over “Call of Duty” ...

Euro zone wages are growing quicker than earlier thought and the European Central Bank must prevent this from adding to already high inflation, ECB President Christine Lagarde told a Croatian ...

The outgoing year saw a number of key events in Cyprus’ economy and business world, ranging from domestic legislation to influential international incidents By Kyriacos Nicolaou Resilience amidst adverse conditions ...

The average gross monthly earnings of employees in Cyprus marked a 5.3 per cent year-on-year increase in the third quarter of 2022, according to a report released this week by the Cyprus ...

Global hedge funds are set to register their worst returns in 14 years in 2022 after aggressive US interest rate rises hit asset prices hard, however, their declines are overall smaller than ...

The Securities Commission of the Bahamas said on Thursday that it is holding FTX assets worth $3.5 billion based on market pricing at the time of transfer on a temporary basis ...

Cyprus’ tourism revenue for the period between January and October 2022 reached 90 per cent of those recorded in 2019, despite arrivals reaching 80 per cent of those recorded during that year, according to ...

Oil rose on Friday and was on track for a second straight annual gain in a volatile year marked by tight supplies because of the Ukraine war and weakening demand ...

President Tayyip Erdogan’s decision to allow more than 2 million Turkish workers to retire early is his latest measure to ease economic hardships in the run-up to tight elections, and ...

Egypt on Thursday lifted a key restriction on imports and approved a list of economic activities the government would leave to the private sector, in an effort to meet two ...

Association of Real Estate Agents and Entrepreneurs of Cyprus (Skek) president Andreas Kaouris on Thursday said that despite the challenges, combined with the decline in global real estate prices, Cyprus’ ...

The National Betting Authority this week announced that it recorded a 24 per cent year-on-year increase in gross betting revenue during the third quarter of 2022, generating €238.1 million, compared to €192.08 million in ...

From the moment Russian gas exports to Germany were first disrupted in June, German firm Kelheim Fibers began casting around for alternative options to keep its engines running. As a ...

Turkish locals’ forex and gold holdings dropped $5.04 billion in the week to Dec 23 when adjusted for the parity effect to stand at $194.44 billion, data from the central bank showed on ...