Business

The European Central Bank should limit the rise in borrowing costs of more indebted euro zone members but will not solve their debt issues or let budget concerns dictate monetary ...

BitOasis, a Middle East-focused cryptocurrency exchange based in the United Arab Emirates, said on Sunday it laid off nine of its staff, the latest company in the sector to cut ...

Nigeria is withholding $450 million in revenue international carriers operating in the country have earned, an executive at the world’s largest airlines association said on Sunday. Africa’s largest economy ...

Bitcoin tumbled more than 13 per cent at one point on Saturday, crashing below the closely watched $20,000 level to its weakest level in 18 months, as it extended a slide on investor ...

U.S. Treasury Secretary Janet Yellen said on Sunday some tariffs on China inherited from the administration of former President Donald Trump served “no strategic purpose” and added that President ...

Botched-up policies in the implementation of renewables are not helping Cyprus electricity prices have been escalating since last year and there does not appear to be an end in sight. ...

Qantas Airways QAN.AX and Airbus AIR.PA said on Sunday they would invest up to $200 million to accelerate the development of a sustainable aviation fuels (SAF) industry in Australia ...

Strikes and staff shortages are forcing airlines to cancel thousands of flights and causing hours-long queues at major airports, dashing hopes of a sizzling first summer after COVID lockdowns. Here’...

Goldman Sachs said on Friday it expects annual inflation in Turkey to reach almost 80 per cent before easing to 60 per cent by the end of 2022, thanks to so-called favourable base ...

Electric and hybrid models should make up 80 per cent of Ferrari’s (RACE.MI) sales by 2030, the luxury carmaker told investors on Thursday, vowing to produce “even more unique” cars ...

Hong Kong-based Babel Finance temporarily suspended the withdrawals and redemption of crypto assets on Friday, as the crypto lender scrambles to pay its clients after the recent slump in the ...

By Michalis Sarris The policy response of Governments and Central Banks to the pandemic was massive and unprecedented. In the USA, the Federal Reserve Bank put out $3 trillion in high-powered ...

Liquidity troubles at crypto lending platform Celsius Network, which have left its 1.7 million customers unable to redeem their assets, will increase US regulatory pressure on the sector, which was already ...

BofA Securities economists see roughly a 40 per cent chance of a US recession next year, with inflation remaining persistently high. They expect US Gross Domestic Product growth to slow to ...

Oil prices tumbled about 5 per cent to a three-week low on Friday, led by a slump in US gasoline futures, as investors worried interest rate hikes from major central banks ...

Coordinated or not ahead of this month’s G7 summit, global central banks are accelerating interest rate hikes but also actively draining the giant pool of cash swilling around world ...

Russia’s economy may need a decade to return to the pre-sanctions levels of 2021, the chief executive of the country’s top bank Sberbank SBER.MM said on Friday, as ...

Time-sensitive foods such as meat, dairy, fruits, and vegetables, among other products, can be consumed only when they are fresh. Therefore, as a producer or business owner, you want to ...

Elon Musk was sued for $258 billion on Thursday by a Dogecoin investor who accused him of running a pyramid scheme to support the cryptocurrency. In a complaint filed in federal ...

The World Trade Organization agreed the first change to global trading rules in years on Friday as well as a deal to boost the supply of COVID-19 vaccines in a ...

Investors in Cardano (ADA) and Ethereum (ETH) saw their portfolios damaged again with another drop in the market cap of both. Ethereum traded near $1,000 and Cardano made a move below $0.50 ...

Limassol Chamber of Commerce and Industry (Evel) president Andreas Tsouloftas on Thursday expressed optimism about Limassol’s prospects, despite the challenges posed by high inflation and the war in Ukraine. ...

Alphamega Hypermarkets CEO George Theodotou earlier this week told attendees at the Cyprus Grocery Retail conference that the sector is currently facing unprecedented challenges. The executive explained that soaring inflation, ...

Cypriot company Tototheo Maritime, a leading maritime technology integrator and provider, announced on Thursday recently inaugurated its new office in Bremen, Germany. Headquartered in Cyprus, Tototheo Maritime has been offering ...