#business

Two Estonian citizens were arrested in Tallinn, Estonia, on an 18-count indictment for their alleged involvement in a $575 million cryptocurrency fraud and money laundering conspiracy, the US Justice Department said ...

Nestle (NESN.S) will invest 7 billion Saudi riyals ($1.86 billion) in Saudi Arabia over 10 years, the kingdom’s investment ministry said on Twitter on Wednesday. The ministry added it signed a ...

El Al Israel Airlines (ELAL.TA) reported on Wednesday its second straight quarterly net profit, saying its revenue was almost on pace with pre-COVID pandemic levels. Helped by a $38 million ...

Cypriot mining company Venus Minerals board member and economic geologist Demetrios Constantinides earlier this week said that Cyprus can use modern tools to recover critical minerals from its mine tailings. ...

The Cyprus Shipping Chamber (Kne) held its monthly general meeting on Wednesday, during which it closely examined and discussed the eighth package of sanctions against Russia, as it is expected ...

Credit Suisse (CSGN.S) expects a pre-tax loss of up to 1.5 billion Swiss francs ($1.58 billion) in its fourth quarter as it keeps bleeding cash, the Swiss bank said on Wednesday, ...

Short video platform TikTok said on Wednesday it was on high alert for content that violates its guidelines in Malaysia after authorities warned of a rise in ethnic tension on ...

Sony Group Corp (6758.T) said it plans to expand a programme to identify and incubate Chinese-made games, in a race with Microsoft Corp (MSFT.O) to tap China’s gaming ...

As the crypto castle crumbles, some true believers say the answer is to double down on DEX. Decentralized exchanges, that is. The spectacular collapse of Sam Bankman-Fried’s FTX, a ...

Finance Minister Constantinos Petrides on Wednesday described the recent decision by the House of Parliament to suspend the foreclosure bill as “shooting ourselves in the foot”, noting that the only ...

Tesla (TSLA.O) chief executive Elon Musk said on Wednesday that South Korea was among its top candidate locations for a factory it plans to build in Asia for making ...

FTX was run as a “personal fiefdom” of former CEO Sam Bankman-Fried, attorneys for the collapsed crypto exchange said in its first bankruptcy hearing as they detailed ongoing challenges such ...

Oil prices inched higher on Wednesday as data showing a larger-than-expected US crude drawdown last week outweighed concerns about lower fuel demand from China amid tightening COVID-19 curbs. Brent crude ...

Saudi Arabia and Turkey are discussing Riyadh placing a $5 billion deposit at Turkey’s central bank, a Saudi Ministry of Finance spokesperson said on Tuesday. “We are in final discussion ...

Shares of Zoom Video Communications Inc (ZM.O) have tumbled about 90 per cent from their pandemic peak in October 2020 as the former investor darling struggles to adjust to a post-COVID ...

Ticketmaster and owner Live Nation Entertainment, the events ticketing giant behind the recently botched sale of Taylor Swift concert tickets, should be broken up by the Department of Justice if ...

The vast majority of European business leaders have underlined the importance of air connectivity in terms of sustaining their competitiveness, according to a survey conducted by the International Air Transport ...

State-owned asset management company Kedipes chairman Lambros Papadopoulos on Tuesday said that frequent interventions in the foreclosure framework will negatively affect the company’s ability to generate cash inflows. The ...

The Cyprus Shipping Chamber (Kne) this week released a statement in which it welcomes the publication of a review of Cyprus’ economic policy by the Centre for Economic Research of ...

The global economy should avoid a recession next year but the worst energy crisis since the 1970s will trigger a sharp slowdown, with Europe hit hardest, the OECD said, adding ...

Generic drug makers Teva Pharmaceutical Industries and Sandoz say they are planning a significant ramp-up in production of biosimilars – copies of high-priced drugs used to treat illnesses such as rheumatoid ...

Oil rose on Tuesday after top exporter Saudi Arabia said OPEC+ was sticking with output cuts and could take further steps to balance the market, outweighing global recession worries and ...

The Cyprus Securities and Exchange Commission (“CySEC”) has warned investors about incidents of impersonation of its officers and representatives and of fake websites. According to a CySEC press release, it ...

Events and conference management firm the Emanuel Group on Tuesday announced that it will be hosting an event in Israel aiming to showcase Cyprus properties to the country’s domestic ...