#business

Shell considered shutting its flagship Prelude liquefied natural gas facility off Australia for a year to fix issues that have plagued its operations, but instead opted for a shorter maintenance ...

Direct lending, a key but expensive source of credit for riskier European firms that banks often shy away from, is running out of steam, a fresh sign that aggressive interest ...

Nestle (NESN.S) is buying a majority stake in Brazilian premium chocolate maker Grupo CRM, the Swiss food group said on Thursday. Grupo CRM operates a direct-to-consumer model, with more ...

Speeding up the transition to a greener economy would be cheaper than delaying it for euro zone companies, households and the banks that serve them, a European Central Bank study ...

Freedom Finance Europe, in collaboration with the Celebrity Gala artistic project, is set to host an extraordinary ballet event in Cyprus. This cultural spectacle will take place at the historic ...

The issue of Non-Performing Loans (NPLs) cannot be resolved solely by protective measures for vulnerable individuals, since these measures are too narrow in scope, the Cyprus Borrowers Association (Syprodat) said ...

Britain’s largest homebuilder Barratt Developments (BDEV.L) flagged difficult trading conditions over the coming months after it posted a fall in annual profit on Wednesday, as high mortgage rates ...

The Deputy Minister of Shipping, Marina Hadjimanoli, and the Ambassador of China to Cyprus, Liu Yantao, engaged in discussions on bilateral maritime matters and broader global shipping issues during a ...

Cyprus Finance Minister Makis Keravnos on Wednesday announced that the Cabinet of Ministers has approved another action within the Recovery and Resilience Plan, focusing on the framework and action plan ...

German industrial orders fell more than expected in July, pulling back after a sharp gain in the aerospace sector the previous month, the federal statistics office said on Wednesday. Incoming ...

Business activity in Britain’s services sector fell last month for the first time since January as higher interest rates reduced consumer and corporate demand, a survey showed on Tuesday, ...

Oil prices ticked up in early Asian trade on Wednesday after rising over 1 per cent in the previous session, as markets worried about a supply shortage after Saudi Arabia and ...

Elon Musk withdrew a loan of $1 billion from SpaceX – the two-decade-old rocket company run by the billionaire – around the same time he was acquiring Twitter, now known as X, for $44 ...

The Research and Innovation Foundation (RIF) is set to kickstart a dynamic series of networking workshops that aim to bridge the gap between the research and business communities. These workshops, ...

The Cyprus Chamber of Commerce & Industry (Keve) on Tuesday said that in a rapidly evolving technological landscape, blockchain technologies have emerged as game-changers, offering both opportunities and complexities for ...

The Paphos Regional Tourism Board (Etap) this week announced that through its commitment to boost the sector in the district, it has proceeded with an initiative of enhancing the ‘Paphos ...

María Barro, a 65-year-old domestic worker in Buenos Aires, buys a few dollars each month with her peso salary, a hedge against Argentina’s persistent inflation now running at ...

Oil prices spiked more than 1 per cent on Tuesday after Saudi Arabia and Russia announced a fresh extension to their voluntary supply cuts, stretching a combined 1.3 million barrel per day (...

The Cyprus Statistical Service (Cystat) on Tuesday released a report showing a notable decrease in the number of registered unemployed individuals for the month of August 2023, both on an annual ...

Higher-than-expected inflation data for August published on Monday prompted JPMorgan to revise its year-end inflation forecast to 65 per cent from 62 per cent with the annual rate now expected to peak ...

Italy and Saudi Arabia are in talks about a potential Saudi investment in Rome’s new strategic fund, Italy’s Industry Minister Adolfo Urso said on Monday, as the two ...

Egypt’s state grains buyer bought about a half a million metric tons of Russian wheat in a private deal, four traders told Reuters, succeeding in negotiating lower prices than ...

Workers at Chevron’s (CVX.N) Gorgon and Wheatstone liquefied natural gas (LNG) projects in Australia plan a total strike for two weeks from Sept. 14, a union alliance said on ...

Australia’s Qantas Airways (QAN.AX) said its long-serving CEO would bring forward his retirement amid a publicity firestorm over an accusation of illegal ticket sales, signalling what the flagship ...