Business

It was meant to be Europe’s stellar year. A post-pandemic spending euphoria, supported by copious government spending was set to drive the economy and help fatigued households regain a ...

The Cyprus Fintech Summit is an international summit dedicated to the future of technological innovation in financial services. Top-tier speakers from Cyprus and abroad engage in meaningful conversations about the ...

A clutch of stocks favored by retail traders tumbled on Monday in volatile trading as news that UK-based Cineworld (CINE.L) warned of a possible bankruptcy sent AMC Entertainment Holdings’ ...

A windfall of foreign funds arriving in Turkey and sustained interest in a state-backed deposit scheme have brought some relief for President Tayyip Erdogan’s economic plan less than a ...

Zoom Video Communications Inc (ZM.O) on Monday cut its annual profit and revenue forecasts as demand for the video-conferencing platform cools off from pandemic highs amid stiff competition from ...

Oil rose on Tuesday as renewed concerns over tight supply dominated market sentiment after Saudi Arabia warned that the major oil producer could cut output to correct a recent oil ...

The Bank of Israel raised its benchmark interest rate on Monday (ILINR=ECI) by three-quarters of a percentage point, its biggest hike in two decades, and appeared on track for ...

Turkey’s foreign visitors jumped 53 per cent in July from a year earlier, exceeding pre-pandemic levels and paving the way for $37 billion in tourism revenues sought by the government in ...

Since mid-July the newly re-operating ferry link between Cyprus and Greece, revived after a hiatus of 21 years, has been extremely well-received, shipping deputy minister Vassilis Demetriades said on Tuesday. Speaking ...

Ariana Resources, a mineral exploration and development company with gold mining interests in Europe and listed on the Alternative Investment Market (AIM), a sub-market of the London Stock Exchange (LSE), ...

Palestinian tourists landed on Monday at Larnaca International Airport for the first time on a direct flight from Ramon International Airport in southern Israel, on a flight operated by Israeli ...

Banking giants such as JPMorgan Chase & Co (JPM.N) and Bank of America (BAC.N) collectively face more than $1 billion in regulatory fines for employees’ use of unapproved messaging ...

Australia said on Monday it would do a virtual stocktake of the country’s cryptocurrency holdings, the first signal from the new centre-left government that it plans to regulate the $1 ...

Paphos hoteliers association (Pasyxe) president Thanos Michaelides on Monday said that hotel occupancy rates in the district are ranging between 80 and 85 per cent, before falling to approximately 70 per cent in ...

Britain’s Cineworld (CINE.L) said on Monday it was considering options including a possible bankruptcy filing in the United States as the world’s second-largest cinema chain operator struggles ...

British consumer price inflation is set to peak at 18.6% in January, more than nine times the Bank of England’s target, an economist at U.S. bank Citi said on ...

Bulgaria’s interim energy minister said it was “inevitable” that the Balkan country would discuss resuming gas deliveries with Russia’s Gazprom GAZP.MM that were halted in April, after ...

The euro briefly fell back below parity against a robust dollar on Monday and was languishing at five-week lows, weighed down by concern that a three-day halt to European gas ...

Germany’s football body has appointed Deutsche Bank AG (DBKGn.DE) to lead the possible sale of a package of media rights, Bloomberg News reported on Monday, citing people familiar ...

Britain recorded its biggest fall in output in more than 300 years in 2020 when it faced the brunt of the COVID-19 pandemic, as well as a larger decline than any other ...

Greece’s exit over the weekend from the European Union’s so-called enhanced surveillance framework for its economy ends 12 years of pain and allows the country greater freedom in policy ...

French supermarket retailer Carrefour (CARR.PA) said it would freeze the prices on 100 of its products, in order to help French people tackle soaring inflation in the country. Carrefour’s ...

Britain’s Vodafone (VOD.L) will sell its Hungarian business for 715 billion forints ($1.8 billion) in cash, it said on Monday, in a deal that will create a locally-owned telecoms leader ...

Oil prices slumped on Monday, ending three days of gains, as investors were concerned aggressive US interest rate hikes will weaken the global economy and dent fuel demand while a ...