#business

Financial messaging system SWIFT has laid out its blueprint for a global central bank digital currency (CBDC) network following an 8-month experiment on different technologies and currencies. The trial, which ...

Gold-supplying banks have cut back shipments to India ahead of major festivals in favour of focusing on China, Turkey, and other markets where better premiums are offered, three bank officials ...

Net new lending in Cyprus fell during August 2022, dropping to €182.3 million, the second month in a row where a decrease was observed, according to a report released on Tuesday by ...

Britain’s new Prime Minister Liz Truss promised to “unshackle” the City of London to fuel growth, but crashing the bond market over tax cuts will take the shine off ...

The oil market is not focusing on the fact that global spare capacity to raise oil production is very low, Saudi Aramco’s Chief Executive said on Tuesday, with Shell’...

Swiss lender Credit Suisse Group AG (CSGN.S), battered by scandals and losses, is racing through a restructuring plan. Wild market swings and a social media storm are making that ...

The meeting of the European Central Bank’s (ECB) Governing Council, scheduled to take place in Limassol on Wednesday, is expected to include a discussion on reducing the ECB’s ...

Boeing Co (BA.N) does not anticipate winning approval for the 737 MAX 10 before next summer, according to a Federal Aviation Administration (FAA) letter sent on Monday that intensifies concerns about ...

Oil prices edged up on Tuesday as expectations that OPEC+ may agree to a large cut in crude output when it meets on Wednesday outweighed concerns about the global economy. ...

Britain’s bond market is undergoing “a major repricing”, but should comfortably absorb the extra 62 billion pounds ($69 billion) of debt announced after finance minister Kwasi Kwarteng’s Sept. 23 mini-budget, the ...

A senior Israeli official was in Paris on Monday for talks with TotalEnergies SE (TTEF.PA) about potential future profit-sharing from exploration by the company in a natural gas field ...

British finance minister Kwasi Kwarteng on Monday abruptly dropped his plan to eliminate the top rate of income tax, part of his Sept. 23 “mini budget” that triggered a rout of ...

Sales of non-fungible tokens dropped sharply in the third quarter, according to blockchain tracker DappRadar, as crypto investors hunker down for a “crypto winter” and demand for the highly speculative ...

Vodafone (VOD.L) is in talks with CK Hutchison (0001.HK) about merging their businesses in Britain to create a market leading mobile network that could accelerate the roll-out of 5G ...

Rising interest rates and a rapidly appreciating currency are exporting the US inflation problem and threaten to send the rest of the global economy into recession as other central banks ...

Russia has restricted access to music-streaming app SoundCloud citing “false information” about what Moscow calls a “special military operation” in Ukraine, Interfax news agency reported on Sunday, quoting communications watchdog ...

Calls to the Bank of England saying some British pension funds were struggling to meet margin calls began on Monday. By Wednesday they were getting more urgent and coordinated. Wild ...

OPEC+ will consider an oil output cut of more than a million barrels per day (bpd) when it meets on Oct. 5, OPEC sources told Reuters on Sunday. The figure is ...

By Ioannis Tirkides Technology has always been a defining force of economic organisation and of the dynamics in labour markets. By definition, all economic growth comes from two sources, the ...

Tencent is resetting its M&A strategy to put more focus on buying majority stakes mainly in overseas gaming companies, as the tech giant eyes global expansion to offset ...

Greece and Bulgaria started commercial operation of a long-delayed gas pipeline on Saturday which will help decrease southeast Europe’s dependence on Russian gas and boost energy security. The 182-km ...

Vibrant Limassol event plays host to business and technology stakeholders from Cyprus and abroad By Kyriacos Nicolaou Startup founders, entrepreneurs, media personalities, technology sector stakeholders and creatives all got together ...

Ariana Resources, the AIM-listed mineral exploration and development company with gold mining interests in Cyprus and elsewhere in Europe, on Friday announced its unaudited interim results for the six months ...

The Nicosia Chamber of Commerce and Industry (Evel) this week announced that it successfully held an event on branding and businesses and professionals can create value for enterprises, industries and ...