#BusinessPick

Russia’s Rosneft sold 700,000 tonnes of Urals oil loading from Baltic ports of Primorsk and Ust-Luga in May to Indian Oil Corp (IOC), the country’s top refiner, two traders ...

Elon Musk has won the backing of some of the world’s wealthiest investors for his $44 billion takeover of Twitter Inc (TWTR.N). From Oracle Corp’s (ORCL.N) co-founder ...

Facebook owner Meta Platforms Inc (FB.O) on Wednesday gave an early glimpse of its first physical store, which features a floor-to-ceiling screen for showing off games on its virtual ...

Britain’s Wetherspoon(JDW.L) expects to break even this year if there are no further COVID-19 restrictions, but a fresh warning from the pub group on Wednesday over “considerable” ...

Europe’s antitrust chief Margrethe Vestager, the architect of landmark rules to curb the power of US tech giants, called on Thursday for a global approach towards Big Tech to ...

Minister of Energy, Commerce and Industry Natasa Pilides on Thursday evening attended the launch of the Gen Y Innovation Network in London. Gen Y was set up to act as ...

A third of all real estate transactions in Nicosia during the first quarter of 2022 concerned apartments, according to a report by the Council for Registration of Real Estate Agents published ...

The global PC market, which includes tablet shipments, showed signs of resilience during the first quarter of 2022, despite a slight contraction, according to a report released this week by technology ...

By Maria Demertzis and Francesco Papadia When Europeans imposed sanctions on Russian firms and authorities, they did not sanction Gazprombank. This was necessary or European companies would not have been ...

Extensive building renovations and the use of heat pumps could nearly halve Europe’s Russian gas use, researchers said on Friday, although industry groups said this would require a substantial ...

The European Union aims to cut off Sberbank (SBER.MM), Russia’s largest lender, from the SWIFT international payment system as Western allies seek to further isolate Moscow from financial ...

British Airways owner IAG (ICAG.L) has scaled back plans to ramp up short-haul capacity at Heathrow airport, saying a cut of around 5 per cent to its summer schedule would ...

Revenue for carmaker Stellantis (STLA.MI) rose 12 per cent in the first three months of the year, supported by strong pricing and the type of vehicles sold, offsetting the impact ...

The number of registered unemployed stood at 11,664 persons at the end of April 2022, according to data released this week by the Cyprus Statistical Service (Cystat). The latest figure reflects a ...

By Yiannis Seitanides The proposed sixth package of sanctions against Russia, which was submitted on Wednesday by the European Commission, puts certain countries, including Cyprus, in a difficult position. Initially, ...

A US Senate committee is expected to pass a bill on Thursday that could open members of the Organization of the Petroleum Exporting Countries and its partners to antitrust lawsuits ...

In April 2022, inflation was 8.8 per cent in Cyprus, with the Consumer Price Index increasing by 2.58 units to 110.36 units, compared to 107.78 units in March 2022, according to data published by the Cyprus ...

BMW (BMWG.DE) posted a rise in first-quarter profit on Thursday, boosted by a reevaluation of the German car maker’s stake in its Chinese joint venture and strong pricing, ...

Hungary and Slovakia will be able to continue buying Russian crude oil until the end of 2023 under existing contracts, an EU source told Reuters on Wednesday, benefitting from exemptions from ...

Turkey’s annual inflation jumped to 69.97 per cent in April, above forecast and at a two-decade high, according to data on Thursday, fuelled by the Russia-Ukraine conflict and rising energy ...

The Russian rouble jumped on Wednesday to around a two-year high against both the dollar and the euro, retaining the support of hefty capital controls as the European Union proposed ...

War may be raging on their doorstep but Central Europe’s economies are outpacing their euro zone peers as consumer spending booms. A reversal could come as soon as this ...

The Cyprus Statistical Service (Cystat) on Wednesday released the preliminary budget results for the period January-March 2022, with the report showing a general government surplus of €239.3 million. The surplus corresponds to 1 ...

Norway’s $1.2 trillion sovereign wealth fund is prepared for a rocky ride as it confronts the biggest geopolitical changes in three decades, its chief executive said on Tuesday. “We probably ...