Bank of England sees slower recovery from COVID hit
The Bank of England said on Thursday it expected Britain’s economy to take longer to get back to its pre-Covid pandemic size and it warned...
BusinessPick
Global markets higher on stimulus hopes
The dollar languished and just about everything else rose on Thursday, as markets took patchy U.S. economic data as a harbinger of ever more stimulus...
Gold rally to continue, analysts say
The speed at which gold has broken above $2,000 an ounce has left some in the market fearing a correction, but many analysts predict more...
France pours more aid as wine sector faces ‘major difficulties’
France on Wednesday stepped up financial support for wine growers faced with a deep drop in demand after lockdowns closed restaurants and bars and U.S....
BMW loses almost $800 mln as sales slide during lockdowns
BMW expects to make a profit this year if demand continues to recover, despite posting a record loss for its car division in the second...
Cyprus unemployment drops in July
Measures taken by the government to support jobs would seem to be bearing fruit. Unemployment in Cyprus fell slightly in July from the previous month,...
After blast, Lebanon has enough grain for less than a month, minister says
Lebanon’s main grain silo at Beirut port was destroyed in a blast along with the wheat inside, leaving the nation with less than a month’s...
Russia-Cyprus Double Tax Treaty changes will hit government revenue
What will be the consequences should the Cyprus-Russia Double Tax Treaty either be changed or not be renewed? “The major consequence will be a loss...
Trump’s bid for a piece of Microsoft-TikTok deal could be illegal
President Donald Trump’s unprecedented demand that the United States get a cut of the proceeds from the forced sale of Chinese internet giant ByteDance’s short-video...
Gold surges past $2,000 mark
Gold surged past the $2,000 mark on Tuesday after Democrats and the White House appeared closer to agreement on new stimulus to help the coronavirus-hit economy...
Russia lags EMEA on weak oil prices; Turkey’s lira rises
Russian stocks and currencies were laggards in Europe, the Middle East and Africa (EMEA) on Tuesday due to weak oil prices, while most other regional...
EasyJet adds flights as summer bookings rise
British low-cost airline easyJet (EZJ.L) plans to fly at 40 per cent of its capacity over the rest of the summer thanks to stronger than...
Real estate sector shows decline — KPMG report
This year saw significant decline in real estate and construction, as the pandemic outbreak interrupted four years of steady growth, a new report from KPMG shows....
Google owner Alphabet issues record $10 billion bond at lowest-ever price
Alphabet Inc (GOOGL.O) borrowed $10 billion (7.66 billion pounds) in the investment-grade corporate debt market on Monday, the Google parent’s largest ever bond issue, which...
Global shares rise; gold close to record high
Asian shares rose on Tuesday after strong U.S. manufacturing data and gains in tech stocks helped investors look past broader worries about the coronavirus and...
Cyprus shipping needs support, says Deputy Minister for Shipping Demitriades
The shipping sector needs support as it carries most of the world’s trade, trade, Deputy Minister for Shipping Vasilis Demitriades said on Monday. Many Cypriot...
Strain on global manufacturing eases as euro zone returns to growth
Euro zone manufacturing activity expanded modestly last month, its first growth since early 2019, and Asia’s pain eased as the contraction slowed in export-reliant nations,...
Cyprus gets EBRD and EU financing for natural gas
Cyprus’s dependency on oil for energy will be reduced after a €374 million landmark project introduces natural gas to the country for the first time....
Dollar wobbles as investors grow anxious about pandemic toll on U.S. economy
The U.S. dollar gave up brief early gains on Monday as mounting concerns about a slowing U.S. economic recovery from the coronavirus pandemic hobbled the...
TikTok owner ByteDance accuses Facebook of ‘plagiarism and smears’
TikTok owner ByteDance has accused Facebook of ‘plagiarism and smears’ although it did not elaborate on the accusation. The Chinese firm also said it faced “complex...