#business

Rising interest rates and a rapidly appreciating currency are exporting the US inflation problem and threaten to send the rest of the global economy into recession as other central banks ...

Russia has restricted access to music-streaming app SoundCloud citing “false information” about what Moscow calls a “special military operation” in Ukraine, Interfax news agency reported on Sunday, quoting communications watchdog ...

Calls to the Bank of England saying some British pension funds were struggling to meet margin calls began on Monday. By Wednesday they were getting more urgent and coordinated. Wild ...

OPEC+ will consider an oil output cut of more than a million barrels per day (bpd) when it meets on Oct. 5, OPEC sources told Reuters on Sunday. The figure is ...

By Ioannis Tirkides Technology has always been a defining force of economic organisation and of the dynamics in labour markets. By definition, all economic growth comes from two sources, the ...

Tencent is resetting its M&A strategy to put more focus on buying majority stakes mainly in overseas gaming companies, as the tech giant eyes global expansion to offset ...

Greece and Bulgaria started commercial operation of a long-delayed gas pipeline on Saturday which will help decrease southeast Europe’s dependence on Russian gas and boost energy security. The 182-km ...

Vibrant Limassol event plays host to business and technology stakeholders from Cyprus and abroad By Kyriacos Nicolaou Startup founders, entrepreneurs, media personalities, technology sector stakeholders and creatives all got together ...

Ariana Resources, the AIM-listed mineral exploration and development company with gold mining interests in Cyprus and elsewhere in Europe, on Friday announced its unaudited interim results for the six months ...

The Nicosia Chamber of Commerce and Industry (Evel) this week announced that it successfully held an event on branding and businesses and professionals can create value for enterprises, industries and ...

Euro zone inflation zoomed past forecasts to hit 10.0 per cent in September, a new record high that will reinforce expectations for another jumbo interest rate hike next month from the ...

The dollar rose against the euro on Friday but pared gains late in a session that was muddied by quarter-end trading while riskier commodity-led currencies fell sharply after European inflation ...

Finance Minister Constantinos Petrides on Friday announced that the state budget for 2023 has been approved by the Cabinet of Ministers, noting that it is the most growth-oriented and green budget ...

QatarEnergy CEO and state minister for energy Saad al-Kaabi said on Thursday that skyrocketing energy prices are “weighing painfully” on the global economy, dampening support for the transition to green ...

Oil prices were little changed during Asian trade on Friday, though headed for their first weekly gain in five weeks, underpinned by a weaker US dollar and the possibility that ...

In the weeks after Russia’s invasion of Ukraine on Feb. 24, Claudio Descalzi, CEO of Italian energy major Eni (ENI.MI), embarked on a whirlwind of trips to gas suppliers ...

Crypto companies were undeterred by initial failure to obtain licences to operate in Britain and were submitting new applications, the Financial Conduct Authority said on Thursday. The FCA has been ...

The financial turmoil emanating from Britain and Japan is not yet enough to prompt the US Treasury to intervene to buoy the battered pound or yen, with officials expressing no ...

Initial public offerings by US tech companies have sunk to their lowest levels since the global financial crisis of 2008, as stock market volatility, soaring inflation, and interest rate hikes have ...

Oil prices dropped after touching the $90 per barrel mark on Thursday as traders awaited clarity on potential OPEC+ cuts next week and as the dollar eased off 20-year highs. Brent ...

Fatih Birol, head of the International Energy Agency (IEA), said on Thursday it was “very obvious” who was behind the suspected sabotage against the Nord Stream pipelines which caused major ...

Oil prices retreated slightly on Thursday after gaining more than $3 in the prior session, with a strong dollar capping oil demand from buyers using other currencies and concerns over the ...

A surge in borrowing costs and a likely slowdown in economic growth threaten to trigger a selloff in Britain’s housing market with consequences for personal wealth and the broader ...

Britain’s central bank resorted to buying bonds again on Wednesday in an emergency move to reduce the chaos in financial markets which was triggered last week by the tax ...