#BusinessPick

The rouble weakened past 100 to the dollar on Wednesday, heading back to record lows, and the stock market remained closed as Russia’s financial system staggered under the weight of ...

Russia’s largest lender Sberbank SBER.MM said on Wednesday it was quitting almost all European markets, blaming big cash outflows and threats to its staff and property following Russia’...

Bitcoin has leapt since Russia’s invasion of Ukraine, bolstered by people in those countries looking to store and move money in anonymous and decentralised crypto. Bitcoin trading denominated in ...

The services sector turnover index increased in 2021, compared to 2020, with particularly strong growth being observed in accommodation and catering services, according to data released this week by the Cyprus Statistical ...

Italy plans to set aside more than 4 billion euros ($4.5 billion) until 2030 to boost domestic chip manufacturing and support innovative technologies, a draft decree seen by Reuters showed on Tuesday. The ...

By Marilena Evangelou & Yiannis Seitanidis The imposition of severe economic sanctions in Russia has made the daily life of those Cypriots who are in the country for work or ...

A number of Ukraine-based companies have expressed an interest in headquartering their business in Cyprus, according to the Employers and Industrialists Federation (Oev). Speaking to news outlet Stockwatch, Oev’s ...

Crypto exchange Binance is blocking the accounts of any Russian clients targeted by sanctions, it told Reuters on Monday, but will not freeze the accounts of others after Ukraine called ...

The Swiss-based company which built the Nord Stream 2 gas pipeline from Russia to Germany is considering filing for insolvency, two sources familiar with the situation said, as it attempts to ...

Mortgage approvals in Britain struck a six-month high in January, according to official data on Tuesday that showed demand in the housing market remained strong despite the end of pandemic ...

Russian President Vladimir Putin and Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahyan, in a phone call on Tuesday, discussed the OPEC+ oil deal and pledged to continue coordination ...

US payment card firms Visa Inc V.N and Mastercard Inc MA.N have blocked multiple Russian financial institutions from their network, complying with government sanctions imposed over Moscow’s ...

Turkey’s economy bounced back from the COVID-19 pandemic to grow 11 per cent last year, its highest rate in a decade, but economists see a sharp slowdown this year as ...

Cyprus’ cash reserves exceed the financing needs for 2022, the Public Debt Management Office said on Monday. In its February bulletin, the office explained that general government debt at the end ...

Cyprus’ government deficit fell to €409.1 million or 1.8 per cent of GDP in 2021 in 2021, primarily due to the impressive 16 per cent increase in revenues, according to a preliminary report released by ...

The transport ministry announced on Monday it reached an agreement with the companies running the commercial activities at Limassol port to significantly reduce their freight and handling fees after lengthy ...

BP is abandoning its stake in Russian oil giant Rosneft in an abrupt and costly end to three decades of operating in the energy-rich country, marking the most significant move ...

The Russian rouble slid more than 15 per cent against the dollar and euro at market opening in Moscow on Monday but central bank intervention arrested its fall, after it tumbled ...

Norway’s $1.3 trillion sovereign wealth fund, the world’s largest, will divest its Russian assets following Russia’s invasion of Ukraine, the Norwegian prime minister said on Sunday. The fund’...

International companies with exposure to Russia are girding for further Western sanctions following Moscow’s invasion of Ukraine. Here’s a list of some of the companies, by region: EUROPEAN ...

In July 2020, just a few months after the COVID-19 pandemic started to spiral out of control, Shell CEO Ben van Beurden declared world oil demand may have passed its peak – ...

Ukraine’s government has raised almost $8 million in cryptocurrencies after posting appeals on social media for donations of bitcoin and other digital tokens, according to blockchain analysis company Elliptic. Ukraine’...

Investors were preparing on Saturday for more wild gyrations in asset prices after Western nations announced a harsh set of sanctions to punish Russia for its invasion of Ukraine, including ...

US cryptocurrency exchange Coinbase Global Inc (COIN.O) on Thursday reported a surge in quarterly trading volumes on a sequential basis as volatility in prices drew in retail traders, but ...