Business

Saudi Arabia plans to invest $1 billion in Pakistan, Saudi state TV reported on Thursday. Saudi King Salman bin Abdulaziz had given the directive for the kingdom to support the Pakistani ...

European budget carrier Wizz Air (WIZZ.L) is considering basing an airline in Saudi Arabia as part an agreement signed with the government this year to develop the kingdom’s ...

President Joe Biden said on Wednesday the U.S. government will forgive $10,000 in student loans for millions of debt-saddled former college students, keeping a pledge he made in the 2020 campaign ...

What issues are the oceans currently facing? The sad truth is that ocean cycles are changing due to global warming, endangering numerous sea species that cannot withstand higher temperatures. Overfishing ...

Oil prices rose on Thursday on mounting supply tightness concerns amid disruptions to Russian exports, the potential for major producers to cut output, and the partial shutdown of a US ...

Greece’s largest carrier Aegean Airlines (AGNr.AT) said on Wednesday it had struck a so-called code sharing agreement with Emirates, allowing both companies to offer more destinations to their ...

Russia’s record employment signals a surprisingly smooth decoupling from the West. Its rapid replacement of McDonald’s and Starbucks says business as usual. Yet pressures are building inside its ...

The European Central Bank needs to take climate change into account when making decisions as it has a clear impact, especially on inflation, the chief of the European Central Bank ...

Sony Group Corp (6758.T) said on Thursday it was hiking the price of its PlayStation 5 games console in markets including Europe, Japan and Britain following economic pressures including rising interest ...

Cryptocurrency and the blockchain technology may have started so many years ago, today digital assets have refined traditional payment systems and financial institutions. Despite regulatory crackdowns in different parts of ...

The idea of Blockchain that can lead to several developments of unpopular crypto can get its origin in the early nineties when the internet came. In 2008, we saw Satoshi coming ...

The federation of independent trade unions (Poaso) this week called for an increase in salaries and for the cost-of-living-allowance (CoLA) in Cyprus to be fully reinstated. CoLA, which refers to ...

Thieves stole over $100 million worth of non-fungible tokens in the year to July, blockchain research firm Elliptic said on Wednesday, as the fast-emerging digital asset became a new front in ...

Financial technology startups are facing lean times. Klarna set the tone last month by raising cash at an 85 per cent discount to its previous funding round. The Swedish buy-now-pay-later group ...

Deputy Minister of Tourism Savvas Perdios on Wednesday said that two major schemes are being prepared that aim to upgrade Cyprus’ tourism product. These include improving and upgrading services, with ...

A recent recovery in European shares looks set to stall and not reclaim end-2021 levels for well over a year, capped by fears of an energy supply crunch, slowing growth ...

A possible digital euro currency, which the European Central Bank is studying, could have several benefits such as facilitating cross-border payments and providing a digital monetary anchor, Finnish ECB policymaker ...

Another dramatic spike in natural gas prices appears to have ended any hopes that Europe’s inflation battle is set to ease, with financial markets now bracing for higher prices, ...

Oil prices were little changed on Wednesday as the market grappled with supply concerns amid the sanctioning of Russian shipments and the initial shock of comments that major producers would ...

Russia’s stock market will pare some of its heavy 2022 losses by the end of the year, according to a Reuters poll of ten market experts, having fallen sharply after ...

Cryptocurrencies have been at the forefront of a financial revolution that has taken the world by storm. From posting continuously rising returns to restricting control of third-party institutions in investments, ...

Egypt’s state grains buyer directly purchased 240,000 tonnes of Russian wheat on Monday, the supply ministry said in a statement to Reuters, continuing its recent trend of buying without issuing ...

External geopolitical uncertainty and soaring inflation continue to trouble the Cypriot economy, causing a decline across a number of leading economic activity variables for the second month in a row, ...

AstraZeneca may not stay in the vaccine business in the long run and is looking to buy small and mid-sized companies specialising in oncology and cardiovascular treatments, Chief Executive Pascal ...