Business

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 ...

Airline bosses voiced concern on Tuesday that travel restrictions linked to the emergence of the Omicron variant of the coronavirus risked blowing an industry recovery off course. The strongest warning ...

British airline easyJet (EZJ.L) said it had seen a softening in demand as COVID-19 outbreaks and the discovery of the Omicron virus variant forced customers to cancel city breaks, ...

Turkey’s lira dipped to 13 to the dollar on Tuesday, resuming a slide towards last week’s record low as strong economic growth data failed to alleviate concerns about a ...

Retailers in England said on Tuesday they were again asking shoppers to wear masks but said they could not be expected to enforce the new law, fearing abuse of their ...

The employment rate in the third quarter of 2021 stood at 60.3 per cent compared to 57.7 per cent in the same quarter of 2020, data released by the Cyprus Statistical Service (CyStat) on ...

Twitter Inc (TWTR.N) Chief Executive Officer Jack Dorsey will step down from his role and Chief Technology Officer Parag Agrawal will become his successor, Twitter announced on Monday. Dorsey’...

The Central Bank of Cyprus has determined the O-SII buffer requirement for six banks. In a press release, the CBC says that in accordance with its policy for the designation ...

Regulatory reporting firm Point Nine has announced a partnership with US company FIS, looking to bolster its ability to provide trade and transaction reporting services to legal entities in overseas ...

The mining sector has a key role to play as the world transitions to a greener, low-carbon future, Euromines president and Venus Minerals’ chairman Mark Rachovides said during a panel ...