#business

Turkey’s central bank cut its main interest rate to 8.5 per cent from 9 per cent on Thursday, moving to cushion the economic impact of a devastating earthquake that killed more ...

He can’t pour tequila fast enough. Premium shots. Margaritas. Palomas. The occasional sunrise. “We definitely run out every weekend,” says Shubham Walavalker, a 24-year-old bartender, who’s struggling to ...

Oil prices extended gains for a second session on Friday as the prospect of lower exports from Russia offset rising inventories in the United States. Brent crude futures rose 66 cents, ...

Lebanese authorities charged longtime central bank governor Riad Salameh, his brother Raja and one of his assistants on Thursday with money laundering, embezzlement and illicit enrichment after months of delay ...

The German economy contracted more strongly than expected in the final three months of 2022, as inflation and the energy crisis took their toll on household consumption and capital investment. The ...

Cyprus has been ranked as one of the most social media-obsessed countries in Europe, according to a recently published study by gaming site AskGamblers. According to the site, the study ...

The European Investment Bank (EIB) this week announced that new financing agreements signed in Cyprus for the year 2022 amounted to €250 million, with all of them relating to green projects. In 2022, ...

Cyprus’ tourism revenue for the period between January and December 2022 is estimated to have amounted to €2.43 billion, according to a report released this week by the Cyprus Statistical Service (Cystat). ...

Sam Bankman-Fried and his co-conspirators made more than 300 illegal political donations in the United States, according to a new indictment against the FTX cryptocurrency exchange founder unsealed on Thursday in ...

Banks’ shares have stumbled as they forecast pressure on margins Central bank policy rate has risen to 4 per cent, after decade near zero Deposit rates have not risen as fast ...

Russia’s economy proved unexpectedly resilient in the face of tough Western sanctions last year, but a return to pre-conflict levels of prosperity may be far off as more government ...

Oil prices edged up on Thursday, after Brent crude posted its biggest single-day loss in seven weeks the day before, as market players reassessed prospects for supply and demand. Investors ...

Exxon Mobil Corp (XOM.N) on Wednesday warned in a securities filing of potential risks to its Kazakhstan oil operations, which provided $2.5 billion in earnings last year. Threats to Kazakhstan ...

Various indicators only serve to confirm previous forecasts expecting the Cypriot economy to experience a slower growth rate throughout 2023, while managing to avoid a recession, according to a report released ...

Emilios Tannousis, chairman of the Cyprus Investment Funds Association’s training and HR committee, as well as manager of wealth management at the Bank of Cyprus, this week released a ...

President-elect Nicos Christodoulides this week said that he is ready to work closely with the Employers and Industrialists Federation (OEV) in order to mutually tackle the challenges facing the Cypriot ...

Switzerland sent 58.3 tonnes of gold worth 3.3 billion Swiss francs ($3.6 billion) to Turkey in January, by far the most for any month in records stretching back to 2012, Swiss customs data showed ...

Saudi Arabia will make a $1 billion deposit in Yemen’s Aden-based central bank on Tuesday, Saudi Arabia’s state news agency SPA said, as the government there struggles with a ...

Until recently, Brett Schickler never imagined he could be a published author, though he had dreamed about it. But after learning about the ChatGPT artificial intelligence program, Schickler figured an ...

Real estate company Altia on Wednesday announced that it has officially started its operations in the Cypriot market. The company highlighted the fact that it is the fastest-growing property company ...

The Finance Ministry on Wednesday announced that the Cabinet has approved a bill amending the Income Tax Law, allowing for an additional tax exemption, in the form of a capital ...

Britain’s big supermarkets say they have never been more competitive on price, yet their customers are still flocking to German-owned discount stores Aldi and Lidl. And the discounters’ supermarket ...

Trucks carrying Coca Cola roll across the border into Russia, tourists return from abroad laden with Zara’s latest designs, and local online marketplaces snap up IKEA’s furniture stocks. ...

Turkey’s central bank used $7 billion of reserves in the last two weeks to help steady the lira in the aftermath of devastating earthquakes, and reserves could remain under pressure ...