#BusinessTop

Privately-owned French retailer Auchan plans to maintain its presence in Russia, its CEO said in an interview published in the French newspaper Journal du Dimanche on Sunday, prompting Ukraine to ...

As the clock runs down to Monday’s sanctions deadline for Russian airlines to hand back more than 400 leased planes worth almost $10 billion, foreign lessors are fast losing hope that ...

Chief Scientist and Research and Innovation Foundation president Nikolas Mastroyiannopoulos, during an interview with the Cyprus News Agency earlier this week, revealed that the creation of a national knowledge transfer ...

HSBC (HSBA.L) is shunning prospective Russian clients and declining credit to some existing ones, two sources with knowledge of the matter told Reuters, as the bank seeks to shield ...

Global banks including Citigroup Inc (C.N), JPMorgan Chase & Co (JPM.N) and Societe Generale (SOGN.PA) face pressure to commit to remaining as custodian banks in Russia, as ...

RCB Bank on Thursday announced that it will cease operating as a bank and would become an asset management company. The bank cited the “ongoing and extremely volatile geopolitical situation” ...

Sky-high fertilizer prices have farmers worldwide scaling back its use and reducing the amount of land they’re planting, fallout from the Ukraine-Russia conflict that has some agricultural industry veterans ...

Cyprus Agrotourism Company (Kea) director Annita Demetriadou on Tuesday said that the island’s rural tourism product must be constantly bolstered, citing various aspects that require the organisation’s involvement. ...

RCB Bank on Tuesday announced that it has agreed to the sale of a performing loan portfolio to Hellenic Bank, including any related funds on the accounts belonging to the ...

US President Joe Biden’s warning of “consequences” for any aid China may give to Russia’s Ukraine war effort aims to force Chinese President Xi Jinping to choose a ...

US officials have observed an uptick in the use of digital assets to facilitate illicit finance since Russia invaded Ukraine, but the transaction volume is too small to play a ...

As foreign companies seek to exit Russia over the war in Ukraine, they face the prospect that Russian bankruptcy law could be used to seize assets and even lead to ...

Cyprus has work to do in order to accelerate its switch to greener forms of energy, but has already accomplished a fair amount, Energy Minister Natasa Pilidou said during a ...

The gleaming, late-model European jet for sale was a rarity in the hot market for second-hand corporate aircraft. It was only after aviation lawyer Amanda Applegate’s client did some ...

The benefits of digital solutions and the resulting improvement in business competitiveness were highlighted at an event in Nicosia on Wednesday. The event was organised by IBM spinoff Kyndryl, whose ...

The Cypriot economy continues to grow, showing improvement over the performance of the previous year, but external factors are contributing to a loss of momentum, according to a report by ...

Airports Council International (ACI Europe) and the International Air Transport Association (IATA) on Monday asked for the removal of all Covid-19 travel restrictions currently in force for trips within the ...

European Union regulators have told some banks to scrutinise transactions by all Russian and Belarusian clients, including EU residents, to ensure that they are not used to circumvent Western sanctions ...

The impact of Russia’s invasion of Ukraine inevitably impacted the cruise line industry, with all major cruise companies rapidly seeing the adverse effects of both the conflict and the ...

As petrol prices surge in the wake of Russia’s invasion of Ukraine and consumers fret over the cost of living, the finance ministry has revised its forecast for inflation ...

India may take up a Russian offer to buy crude oil and other commodities at a discount, two Indian officials said, in a sign that Delhi wants to keep its ...

Oil prices dropped about 8 per cent on Monday to the lowest in two weeks, as diplomatic efforts between Ukraine and Russia looked like they might end their conflict, which would ...

Cyprus’ GDP could be affected by between 1.5 to 2 per cent during 2022 if Cypriot airspace remains closed to Russia for the entirety of 2022, rating agency DBRS Morningstar said on Monday. The ...

Oil prices shed as much as $4 a barrel on Monday, extending last week’s decline as diplomatic efforts to end the war in Ukraine geared up and markets braced for ...