Business

Global rating agencies S&P and Fitch on Friday lowered Ukraine’s foreign currency ratings to selective default and restricted default as they consider the country’s debt restructuring ...

Solving the Cyprus problem and solving the energy crisis go hand in hand With the European energy crisis intensifying and the likelihood of complete Russian gas cut-off increasing – Russian gas ...

Any possible seizure of Russian assets by the United States will completely destroy Moscow’s bilateral relations with Washington, TASS quoted the head of the North American Department at the ...

Western governments and central banks together have contrived an economic and societal farce, but few are laughing By Andrew Shouler We are now well into what some call the silly ...

The total value of Cypriot bonds held by the European Central Bank (ECB) on its balance sheet stood at €4.29 billion after the public sector purchase programme (PSPP) had concluded in ...

A small increase of 0.09 per cent was recorded in the price index of construction materials for the month of July 2022, compared to the previous month, according to a report by ...

Telecommunication provider Epic this week announced that it is investing in green and sustainable development, with the ultimate aim being the reduction of the company’s ecological footprint and contributing ...

By Ioannis Tirkides Inflation has been ramping up for about a year now and has reached levels last seen more than forty years ago, during the stagflation of the 1970s ...

Cyprus’ public debt declined to €24.18 billion at the end of June 2022, marking a 3.1 per cent reduction compared with the respective period of last year, according to the latest available data. ...

The Reserve Bank of India on Wednesday issued detailed guidelines that will increase scrutiny and supervision over digital lending apps and lenders who engage with them, after several complaints of ...

BlackRock Inc (BLK.N), the world’s biggest asset manager, has launched a spot bitcoin private trust for institutional clients in the United States, according to a blog post on ...

Russia is considering buying the currencies of “friendly” countries such as China, India and Turkey to hold in its National Wealth Fund (NWF), having lost the ability to buy dollars ...

Commercial flights within the European Union decreased by 15 per cent in July 2022 compared with July 2019, the summer before the pandemic, according to data released by Eurostat, the statistical service of ...

Egypt’s cabinet has approved a plan to ration electricity to save natural gas that it will instead divert to the export market to generate foreign currency, it said on ...

Johnson & Johnson (JNJ.N) will stop selling talc-based baby powder globally in 2023, the drugmaker said on Thursday, more than two years after it ended US sales of a product ...

Oil prices inched higher on Friday, with benchmark contracts headed for a weekly climb as recession fears eased, though an uncertain demand outlook capped gains. Brent crude futures rose 23 cents, ...

The Turkish central bank’s net international reserves rose around $2.7 billion to $11.81 billion in the week to Aug. 5, rising to their highest level since late May, data from the central ...

The high demand in the Cypriot real estate sector is in the process of being met with numerous high-value investments, with the Limassol district taking the lion’s share, the ...

The European Union said on Thursday it was “deeply concerned” about proposed tax credits for purchases of electric vehicles in the United States because they would be biased against foreign ...

San Francisco-based blockchain payments company Ripple Labs Inc, which is embroiled in a high-profile battle with the US securities regulator, is interested in potentially purchasing assets of bankrupt crypto lender ...

Association of Large Investment Projects president Andreas Demetriades this week said that there are still issues related to Cyprus’ permanent residence programme and asked for the Interior Ministry to “immediately ...

Nearly half of Australian retail investors owned cryptocurrency in late 2021 and more got their information from YouTube videos than from financial advisers, the securities watchdog said on Thursday, calling the ...

Wall Street surged on Wednesday, putting the Nasdaq more than 20 per cent above its June low, after US inflation slowed more than expected in July and raised hopes the Federal ...

McDonald’s said on Thursday it plans on reopening its restaurants in Ukraine over the next few months in an early sign of western businesses returning to the country, even ...