Business

Royal Dutch Shell (RDSa.L) said on Thursday it had scrapped plans to develop the Cambo oilfield in the British North Sea, which became a lightning rod for climate activists ...

Sterling edged lower on Friday as the potential for earlier Federal Reserve interest rate hikes strengthened the dollar overnight, although pandemic uncertainties continued to weigh on the broader forex market. ...

Turkey’s annual inflation jumped more than expected to a three-year high of 21.31 per cent in November, data showed on Friday, further exposing the risks of recent aggressive rate cuts ...

Advantages It’s easier to make your specialist from scratch Each person, consciously or not, drags his or her professional background to a new job: the work habits, norms, and ...

The modernisation of internal procedures and the adoption of a more open approach were highlighted as urgent necessities in a report by the Cyprus Ports Authority released this week. The ...

According to a report released by the Cyprus Statistical Service (CyStat) this week, Cyprus’ GDP growth rate in real terms during the third quarter of 2021 is positive and estimated at 5.5 ...

The growth of online virtual worlds will help advance the mainstream adoption of cryptocurrencies for payment transactions but it won’t be a game-changer, according to Frédéric Chesnais, ...

Britain’s markets watchdog said it will introduce new rules on Friday to boost London’s role as a global centre for listing companies to help catch up with New ...

Turkey on Thursday accused Cyprus of violating its continental shelf by awarding an exploration licence in the Mediterranean to Exxon Mobil and Qatar Petroleum, adding it will not allow unauthorised ...

EU antitrust regulators on Thursday fined Barclays (BARC.L), Credit Suisse (CSGN.S), HSBC (HSBA.L) and NatWest (NWG.L) 344 million euros ($390 million) for rigging the foreign exchange spot trading ...

Facebook (FB.O) could be sued by consumer groups for privacy violations, an adviser to Europe’s top court said on Thursday, in a German online gaming case that could ...

Turkish President Tayyip Erdogan appointed a strong supporter of his low interest rate drive as minister of treasury and finance on Thursday, replacing the last top official seen to favour ...

The cabinet on Thursday awarded natural gas exploration rights for an offshore block to a consortium made up of ExxonMobil and Qatar Petroleum. Energy Minister Natasa Pilides said ExxonMobil would ...

Chamber of Commerce and Industry president Christodoulos Angastiniotis expressed ‘strong reservations and concerns’ about the potential introduction of the minimum wage in Cyprus on Wednesday, adding that the current system ...

Business activity in the accommodation and food services sector has increased significantly, rising by 84.1 per cent in the third quarter of 2021, according to a report by the Cyprus Statistical Service. ...

A simmering threat of sanctions against the operator of the $11 billion Nord Stream 2 pipeline risks shutting off cover from European insurers for the politically-sensitive project to bring Russian gas directly ...

Facebook risks missing the point of metaverse – and a coming shift in consumers’ behaviour – if it fails to permit digital ownership, according to some of the virtual world’s pioneers. ...

The growth of British house prices accelerated last month and the market was holding up despite the end of pandemic emergency support measures for housing and the broader economy, mortgage ...

Global airlines are bracing for more volatility due to the Omicron variant of COVID-19 that could force them to juggle schedules and destinations at short notice and to rely more ...

British retailers increased their prices for the first time in more than two years in November as the coronavirus pandemic hit global supply chains, limited staff availability and pushed up ...

Turkish factory activity grew in November, with new export orders and output rising, while a sharp increase in costs pushed output price rises to their fastest pace on record amid ...

The Bank of Cyprus has posted an after-tax profit of €19 million for the third quarter of 2021, with after-tax profit reaching €20 million for the first nine months of the year, it ...

Hellenic Bank said Tuesday it has posted an after-tax profit of €21 million for the first nine months of 2021, as net interest income rose to €192.8 million. Non-interest income was €74.2 million. “Despite ...

Space Hellas, a technology solutions company operating in the fields of information technology, telecommunications and security, saw a consolidated turnover of €62.4 million during the first three quarters of 2021, reflecting a ...