#BusinessPick

Bitcoin soared above $50,000 on Tuesday to an all-time high, adding steam to a rally fuelled by signs that the world’s biggest cryptocurrency is gaining acceptance among mainstream investors and ...

The Cypriot economy contracted by an annual 5 per cent in 2020, beating projections for deeper recession amid the coronavirus pandemic, according to a flash estimate issued on Tuesday by the Statistical ...

China is looking into curbing the exports of rare earth minerals that are crucial to US defence contractors such as Lockheed Martin Corp for the manufacture of sophisticated weaponry and ...

British finance minister Rishi Sunak might have to raise a hefty extra £60 billion ($83 billion) in taxes to pay for the Covid-19 hit to the public finances, but his March 3 budget ...

The EU’s mammoth post-pandemic recovery fund, which is intended to exclude projects that worsen climate change or harm the environment, could in some circumstances be used for investment in ...

Jaguar Land Rover’s luxury Jaguar brand will be entirely electric by 2025 and the carmaker will launch e-models of its entire lineup by 2030, it said on Monday, as it joined ...

Oil prices soared on Monday to their highest in about 13 months as fears of heightened tensions in the Middle East prompted fresh buying, while hopes that a U.S. stimulus ...

Israel’s largest healthcare provider on Sunday reported a 94 per cent drop in symptomatic COVID-19 infections among 600,000 people who received two doses of the Pfizer’s vaccine in the country’...

Fifteen Turkish sailors kidnapped by pirates last month in the Gulf of Guinea arrived back in Turkey on Sunday with tales of psychological torture and intimidation. The ship’s captain ...

Bitcoin hit a new record high and approached $50,000 on Sunday, building on its record rally as Wall Street and Main Street increasingly adopt the world’s biggest cryptocurrency Bitcoin recently ...

The European Union will fast track approvals of coronavirus vaccines adapted to combat mutations, the bloc’s Health Commissioner Stella Kyriakides said in a newspaper interview on Sunday. “We have ...

Gold dipped on Friday with a firmer dollar, while platinum was headed for its biggest weekly rise since March 2020 on expectations for a revival in auto sector demand. “There’s ...

Ethereum’s ether (ETH), the world’s second-largest crypto asset, has long been overshadowed by its predecessor bitcoin. But it seems to finally be coming out on its own. Ether ...

The European Union’s executive wants Hungary to reform its public procurement laws to curb what it calls “systemic irregularities” before billions of euros from the EU pandemic recovery fund ...

Iridium has become the latest precious metal to undergo a spectacular price rally, after supply shortages and expectations it will be used to produce hydrogen to power a greener economy. ...

Dogecoin, the “joke” cryptocurrency, has suddenly gotten dead serious, as investors pile in funds, raising its market capitalisation to $9 billion. ‘It took about 3 hours to make’, said Billy Markus in ...

Walt Disney Co swung to a surprise quarterly profit on Thursday, as ‘The Mandalorian’ and ‘Soul’ lifted its fast-growing streaming business, outweighing pandemic worries about its hobbled theme park operations. ...

L’Oreal, the world’s biggest cosmetics group, forecast a strong rebound in makeup sales when the COVID-19 pandemic gives way to a ‘roaring 20s’ when people get dressed up ...

UK economic output fell 9.9 per cent in 2020, the largest drop in 300 years and more than twice the fall during the financial crisis, according to data released by the UK Office ...

Italy’s prime minister-designate Mario Draghi will struggle to restart the Italian economy, the most chronically sluggish in the euro zone. This will be his top priority, but he will ...

The European Union will strive for close co-operation with Britain on financial services but London cannot expect “equivalence-based” access to the EU financial market if it diverges widely on rules, ...

After long being shunned by traditional financial firms, bitcoin has finally entered the mainstream. Bitcoin on Thursday jumped to a fresh all-time high after BNY Mellon said it formed a ...

Shares of Bumble Inc, backed by Blackstone Group Inc, soared more than 76 per cent in their stock market debut on Thursday, fetching a $14 billion valuation for the operator of the ...

Amsterdam surpassed London as Europe’s largest share trading centre last month, the Financial Times reported on Wednesday. The Netherlands scooped up business lost by the UK since Brexit. An ...