#BusinessPick

Barclays (BARC.L) reported a 14 per cent fall in full-year pretax profit on Wednesday as earnings were poleaxed by surging costs, a collapse in deal fees and multi-million dollar fines ...

Britain’s stocks and bonds are drawing strong buying interest, not quite a vote of confidence in the economy but a reassuring sign for policymakers that a deep investment freeze ...

The Bank of Cyprus on Wednesday announced that it recently received the Quality Recognition Award from global finance giant JP Morgan Chase Bank, in recognition of the bank’s excellence ...

A group-wide IT system failure at Lufthansa (LHAG.DE) stranded thousands of passengers on Wednesday, which the German airline blamed on underground engineering works at a railway station in Frankfurt ...

Nokia (NOKIA.HE) and Kyndryl (KD.N) have extended their partnership for three years after clocking up more than 100 customers for automating factories using 5G wireless networks, following their first ...

It’s alive! The NFT market is twitching out of its torpor, defying reports of its demise. Total NFT sales on the ethereum blockchain – which hosts most trading – jumped to $780.2 ...

Britain on Tuesday will set out draft legislation to regulate “buy now pay later” credit, saying the sector posed potential harm to consumers without thorough affordability checks. BNPL companies are ...

Pay ex-bonus +6.7 per cent vs Reuters poll +6.5 per cent Total pay growth slows to +5.9 per cent on bonus effect Bank of England worries about inflation heat in pay growth Unemployment ...

International hydrocarbon exploration and production company Energean on Tuesday announced that Israel has now officially entered the oil exporters club, after hydrocarbon liquids were transported from Karish. “Energean is delighted ...

Ford (F.N) plans to cut 3,800 product development and administration jobs in Europe in the next three years, the company said on Tuesday, citing rising costs and the need for ...

Big agricultural and construction equipment manufacturers in the American Midwest are on a mission to lure Silicon Valley tech workers who have been caught up in a wave of hiring ...

Credit cards are becoming increasingly useless in Venezuela because of high inflation and government restrictions, hurting people already struggling to meet daily needs on low salaries, banking industry sources, analysts ...

Meticulously crafted over decades as a major revenue stream for the Kremlin, Moscow’s gas trade with Europe is unlikely to recover from the ravages of military conflict. After President ...

The firm behind Binance’s stablecoin, Paxos Trust Company, said the US Securities and Exchange Commission (SEC) has told the company it should have registered the product as a security ...

Financial firms in Britain and the European Union remained under significant pressure to comply with diverging environmental, social and governance (ESG) rules over the past six months, KPMG’s Regulatory ...

The Cyprus-Greece Business Association on Monday released a statement congratulating newly elected president Nicos Christodoulides and wishing him “all the best with his challenging task”. In its statement, the association ...

The boss of European planemaker Airbus (AIR.PA) has read the riot act to executives about disappointing deliveries in January and warned them that in 2023 Airbus cannot deliver fewer jets ...

Risks over El Salvador’s embrace of bitcoin “have not materialized,” but use of the cryptocurrency still requires transparency and attention, the International Monetary Fund (IMF) said Friday in a ...

European countries’ bill to shield households and companies from soaring energy costs has climbed to nearly 800 billion euros, researchers said on Monday, urging countries to be more targeted in their ...

British employers expect to raise wages for their staff by the most in at least 11 years but the 5 per cent pay deals for workers would still fall well below expected ...

A Russian scheme to grant loan payment holidays to troops fighting in Ukraine, and for banks to write off the entire debt if they are killed or maimed, has added ...

Nestle (NESN.S) will pay a former manager 2 million Swiss francs ($2.2 million) compensation after a Swiss court upheld her claim of bullying while working at the company, newspaper Tages-Anzeiger reported. ...

Facebook parent Meta Platforms Inc (META.O) has delayed finalizing the budgets of multiple teams as it prepares a fresh round of job cuts, the Financial Times reported on Saturday. ...

With cyberattacks on the rise against everything from businesses to critical infrastructure, companies, governments and researchers are joining forces to strengthen firewalls. By Tom Cassauwers In February last year, as ...