Business

Finance Minister Constantinos Petrides has pledged to hold fast amid mounting calls for an increase in government handouts, warning that otherwise the public debt may spiral out of control. Appearing ...

Billionaire Elon Musk has offered to buy Twitter (TWTR.N) for about $41 billion in cash, saying the social media company he has often criticized needs to go private to see ...

The euro rose on Thursday ahead of the European Central Bank meeting expected to outline a clearer schedule for unwinding stimulus, opening up the possibility of a first rate hike ...

Britain’s accounting watchdog will reclaim powers to ban auditors under proposals announced on Thursday. The powers were previously delegated by the government to professional accounting bodies such as the ...

Russian companies and global banks including BNY Mellon, Deutsche Bank, Citigroup and JPMorgan could profit if Moscow moves to de-list Russian companies’ depositary receipts from foreign exchanges, according to two ...

Eni (ENI.MI) has signed a deal to boost gas production in Egypt and boost liquefied natural gas supplies to Europe, the Italian energy group said on Wednesday. The move ...

The Cyprus property market prices recovered during the fourth quarter of the previous year, boosted by high local demand, according to the Central Bank of Cyprus’ residential property price index ...

China’s top offshore oil and gas producer CNOOC Ltd. (0883.HK) is preparing to exit its operations in Britain, Canada and the United States, because of concerns in Beijing the ...

An estimated 3.6 million unemployed people in the European Union found employment in the fourth quarter of 2021, according to data released on Wednesday by Eurostat, the EU’s statistical service. This ...

Crypto lender Nexo said it has teamed up with global payments company Mastercard (MA.N) to launch on Wednesday what it calls the world’s first “crypto-backed” payment card. It ...

British consumer price inflation leapt to its highest level in three decades last month, intensifying the pressure on embattled Prime Minister Boris Johnson and his finance minister Rishi Sunak to ...

Lebanon’s government has agreed to disburse $15 million to temporarily resolve growing bread shortages in the country, Economy Minister Amin Salam told Reuters, while saying that the funds would only ...

Following the invasion of Ukraine by Russia, countries around the world have reacted by putting heavy sanctions on Russia as well as many oligarchs. These sanctions have caused many ripples ...

China’s overall trade with Russia rose over 12 per cent in March from a year earlier, slowing from February but still outpacing the growth in China’s total imports and ...

Elon Musk was sued on Tuesday by former Twitter Inc (TWTR.N) shareholders who claim they missed out on the recent run-up in its stock price because he waited too ...

Association of Large Developments president and Cyprus Chamber of Commerce (Keve) vice president Andreas Demetriades on Tuesday asked that the government quickly proceeds with the launch of an international tender ...

British employees with the smallest monthly pay packets are also receiving the lowest annual salary rises, intensifying the cost-of-living squeeze faced by the poorest households, tax data showed on Tuesday. ...

China lifted a nine-month freeze on gaming licences after companies, including industry leader Tencent (0700.HK), made major adjustments to their business practices and due to the ban’s economic fallout, ...

Oil prices climbed on Tuesday as Shanghai’s relaxation of some COVID-19 restrictions eased concerns about Chinese demand and as OPEC warned it would be impossible to replace potential supply ...

By Kyriacos Nicolaou and Elias Hazou Inflation is probably here to stay, Finance Minister Constantinos Petrides said on Tuesday, voicing doubts about the planned transition to ‘green energy’. He made ...

Sri Lanka’s central bank said on Tuesday it had become “challenging and impossible” to repay external debt, as it tries to use its dwindling foreign exchange reserves to import ...

By Kiki Kallis The Great Resignation phenomenon is one of the biggest employment challenges of our time. Thousands of workers around the world have left their jobs in pursuit of ...

A crypto platform’s pledge to amass $10 billion worth of bitcoin to back its own “stablecoin” is firing up the market. It’s part of a wider movement to crown ...

Britain’s jobless rate slipped further below its level immediately before the coronavirus pandemic, underscoring the risk of inflation pressure in the labour market that has the Bank of England ...