#BusinessPick

Bitcoin hit its highest level in 13 months on Thursday rising as much as 3.28 per cent to $31,500. The world’s largest cryptocurrency has recently found support due to plans by fund ...

Raiffeisen Bank International is delaying plans to leave Russia, three people familiar with its position said, as Austria steps up its defence of long-standing ties with Moscow. Raiffeisen (RBI), the ...

The Housing Price Index (HPI) in Cyprus experienced a substantial increase of 5.9 per cent during the first quarter of 2023 compared to the same period in 2022, according to a recent preliminary ...

Global rice prices, now at their highest in 11 years, are set to rally further after India moved to boost payments to farmers, just as El Nino threatens yields in key ...

Jet2 (JET2.L) has seen a pick-up in demand for package holidays as Britons seek certainty on spending in a cost of living crisis, the travel company said on Thursday, ...

Supermarket group Tesco (TSCO.L), Britain’s largest private-sector employer, is to offer its staff virtual appointments with a private family doctor, in another indication of the pressures engulfing the ...

International fintech company Admirals, whose Cypriot offices are located in Nicosia and Limassol, recently endorsed the Cyprus Padel League Finals, an event which took place at the Mall of Cyprus ...

Eurozone business activity slipped into contractionary territory last month in a broad-based downturn across the bloc’s dominant services industry and a deepening decline of factory output, a survey showed. ...

Russia’s finance ministry said on Wednesday it would sell 1.7 billion roubles’ ($18.9 million) worth of foreign currency a day between July 7 and Aug. 4, a decrease in the volume of daily ...

The governor of the Central Bank of Cyprus Constantinos Herodotou and the president of the European Banking Authority Jose Manuel Campa this week emphasised the potential for positive synergies between ...

Britain should be cautious about whether to issue a digital version of the pound given privacy and other issues involved, financial services minister Andrew Griffith said on Tuesday. The finance ...

A financial stream that helped fund the world’s riskiest companies and grew into a market estimated at $1.5 trillion in the low interest rate years is drying up, as aggressive ...

Sick of customs delays and extra bureaucracy since Britain left the European Union, Farrat, a small manufacturer on the edge of Manchester, is ramping up investment to compensate – in Germany. ...

Airbus (AIR.PA) is stepping up testing of radical new wing technology as the planemaker lays the foundation for a future successor to its best-selling A320 series, but faces a ...

The Retail Sales Value Index in Cyprus recorded a year-on-year increase of 8.7 per cent in May 2023, while the Retail Sales Volume Index remained more subdued at 6.1 per cent, reflecting the ...

A Swiss proxy adviser representing some former Credit Suisse shareholders has backed a class-action lawsuit seeking a better price from UBS (UBSG.S) for its takeover of its cross-town rival, ...

The United Arab Emirates (UAE) will set up a new federal ministry of investment to develop the Gulf state’s investment strategy both globally and domestically as it contends with ...

Bahrain has signed a memorandum of understanding for strategic investments and collaborations with Britain that will see the Gulf state’s private sector invest 1 billion pounds ($1.3 billion) in Britain, the ...

Oil prices rose on Tuesday as markets weighed supply cuts for August by top exporters Saudi Arabia and Russia against the backdrop of an uncertain global economic outlook. Brent crude ...

Meta Platforms (META.O) plans to launch a microblogging app, Threads, days after Twitter executive chair Elon Musk announced a temporary cap on how many posts users can read on ...

Microsoft (MSFT.O) is likely to face a European Union antitrust investigation in the coming months after remedy discussions with the EU watchdog to avert such a move appear to ...

British banks faced fresh criticism on Monday for the savings rates they offer to cash-strapped customers, in the latest intervention by parliament’s influential Treasury Select Committee. The committee said ...

Twitter users will soon need to be verified in order to use TweetDeck, the social media company said in a tweet on Monday. The change will take effect in 30 days, ...

Turkey’s central bank said on Monday its monetary tightening process, which it began last month with a sharp post-election rate hike, is expected to continue until a significant improvement ...