#business

Credit Suisse, battered by years of scandals, plans to raise 4 billion Swiss francs ($4 billion) by selling stock while slashing thousands of jobs and spinning off its investment bank in an ...

Saudi Arabian Airlines (Saudia) has signed an agreement with German air taxi developer Lilium to buy up to 100 of its aircraft for use on Saudia’s domestic network, the state ...

Egypt’s central bank said on Thursday it had raised interest rates by 200 basis points in an exceptional meeting of its monetary policy committee. The central bank set the overnight ...

The European Central Bank raised interest rates again on Thursday and announced it was changing the terms of its ultra-cheap loans to commercial banks in a bid to shrink its ...

Oil prices dropped on Thursday, reversing a more-than-3 per cent rally in the previous session, as lingering fears over slack demand in China outweighed optimism from record US crude exports ...

Shell on Thursday posted a third-quarter profit of $9.45 billion, easing from the previous quarter’s record high due to weaker refining and gas trading, as it announced plans to sharply ...

European benchmark gas prices have been steadily declining over the past few months to near their levels before war broke out in Ukraine. Europe has been facing an energy supply ...

The European Central Bank will raise interest rates again on Thursday and likely reel in a key subsidy to commercial banks, taking another big step in tightening policy to fight ...

Twitter Inc (TWTR.N) shares will be suspended from trading on Friday, the New York Stock Exchange’s website showed, as billionaire Elon Musk faces a court-ordered Oct. 28 deadline to ...

Turkish bank executives raised concerns with authorities this week that a year of new rules forcing them to buy government bonds could ultimately destabilize the sector, even as it sharply ...

Council for Registration of Real Estate Agents president Marinos Kineyirou this week said that the domestic property market continues to exhibit great resilience, although he conceded that the various concurrent ...

Cyprus’ trade deficit reached €4.4 billion for the period between January and July 2022, compared to €3.2 billion for the corresponding period of 2021, according to the finalised data by the Cyprus Statistical Service (...

Oil giant Saudi Aramco launched a $1.5 billion fund to support an inclusive global energy transition on Wednesday while Saudi officials said the switch from hydrocarbons could take decades, necessitating continued ...

Lebanon’s caretaker cabinet on Wednesday approved a decision to waive TotalEnergies’ (TTEF.PA) 40 per cent stake in a consortium to explore the country’s maritime Bloc 9. TotalEnergies was leading ...

Bahrain’s finance minister said on Wednesday that the Gulf countries need to build their production and export capabilities in order to transform their economies, since the majority of their ...

Oil prices eased on Wednesday after industry data showed US crude stockpiles rose more than expected, though supply worries capped losses. Brent crude futures for December fell $1.03, or 1.1 per cent, ...

Finance Minister Constantinos Petrides on Wednesday said the decision on a possible foreclosure suspension now lies with the House, warning, however, that amidst rising rates, there is a danger that ...

Deutsche Bank (DBKGn.DE) on Wednesday posted a better-than-expected jump in third-quarter profit as a trading boom at its investment bank offset a nosedive in dealmaking, but executives highlighted risks ...

“Is Twitter dying?” billionaire Elon Musk mused in April, five days before offering to buy the social media platform. The reality, according to internal Twitter (TWTR.N) research seen by ...

The global economy is approaching a recession as economists polled by Reuters once again cut growth forecasts for key economies while central banks keep raising interest rates to bring down ...

Egypt’s petroleum minister confirmed on Tuesday a framework agreement had been reached to develop the Gaza Marine gas field offshore Gaza and talks were under way to conclude a ...

Cypriot mining company Venus Minerals on Tuesday released a statement explaining that Cyprus can help the European Union achieve its raw material strategic objectives by providing it with copper. “The ...

As a developed nation, you know your currency’s in a spot of bother when investors start to hedge with bitcoin. After Britain’s brief Prime Minister Liz Truss unleashed ...

There was an increase of more than €19.5 million in the cost of overtime and allowances paid by the Republic of Cyprus in 2021, after the relaxation of restrictive measures that had ...