#BusinessPick

Dubai’s biggest bank Emirates NBD (ENBD.DU) has given most employees a pay rise of up to 8 per cent to help cushion against rising costs of living driven by ...

Egypt’s annual urban consumer inflation accelerated to 13.6 per cent year-on-year in July from 13.2 per cent in June, data from the country’s statistics agency CAPMAS showed on Wednesday. Meanwhile, ...

Iran made its first official import order using cryptocurrency this week, the semi-official Tasnim agency reported on Tuesday, a move that could enable the Islamic Republic to circumvent US sanctions ...

Cyprus’ trade deficit increased by €1.12 billion during the first half of 2022, when compared to the corresponding period of the previous year, according to data released on Tuesday by the Cyprus ...

The Bank of Cyprus on Tuesday announced that its board of directors will meet on Tuesday, August 30, 2022, to review the financial results of the Bank of Cyprus Group for the ...

Another day, another hack – and another blockchain bridge burned. When thieves stole an estimated $190 million from US crypto firm Nomad last week, it was the seventh hack of 2022 to target ...

Israeli tourism continued to recover following the COVID-19 pandemic in July although it was 22.6 per cent below its 2019 level, the Tourism Ministry said on Monday. Tourism Minister Yoel Razvozov said ...

The first employee of BitMEX pleaded guilty on Monday to violating US bank secrecy laws by failing to establish an anti-money laundering program, following guilty pleas to the same charge ...

The Bank of England will probably have to raise interest rates further from their current 14 year-high to tackle inflation pressures that are gaining a foothold in Britain’s economy, BoE ...

Oil prices pulled back slightly on Tuesday on the latest progress in last-ditch talks to revive the 2015 Iran nuclear accord, which would clear the way to boost its crude exports ...

Nvidia Corp (NVDA.O) on Monday warned its second-quarter revenue would drop by 19 per cent from the prior quarter on weakness in its gaming business, sending the chip designer’s ...

Axios has agreed to sell itself to Cox Enterprises in a deal that values the digital media firm at $525 million, a source familiar with the matter said on Monday. Atlanta-based ...

European budget airline Wizz Air (WIZZ.L) will resume flights from Abu Dhabi to Moscow from October, it said on Thursday, more than five months after the carrier suspended all ...

Qualcomm (QCOM.O) agreed to buy an additional $4.2 billion in semiconductor chips from GlobalFoundries’s (GFS.O) New York factory, bringing its total commitment to $7.4 billion in purchases through 2028, according ...

Pfizer Inc on Monday agreed to pay $5.4 billion in cash for sickle cell disease drugmaker Global Blood Therapeutics (GBT.O), as it looks to capitalize on a surge in revenue ...

The United States on Monday imposed sanctions on virtual currency mixer Tornado Cash, accusing it of helping hackers, including from North Korea, to launder proceeds from their cyber crimes. A ...

Hodlnaut, a Singapore-based crypto currency lender and borrower, has suspended withdrawals, swaps and deposits, the company said on Monday, the latest sign of stress in the cryptocurrency industry. The crypto ...

Shares of Jack Dorsey-led Block Inc (SQ.N), a digital payments firm that has bet big on bitcoin, declined nearly 7 per cent in premarket trading on Friday after the company ...

The worst is over for German airline Lufthansa (LHAG.DE) after staff shortages caused flight chaos over the summer, but levels of sick leave remain challenging, board member Christina Foerster ...

India’s financial crime-fighting agency said on Friday it had frozen the assets of WazirX, linked to the world’s largest digital currency exchange Binance, as part of its investigation ...

Biggest rate increase for 27 years By St John Coombes This week the Bank of England increased interest rates by 0.5 per cent, taking interest rates to 1.75 per cent. This is the ...

By Andreas Charalambous and Omiros Pissarides Recent developments suggest that the US and the EU are moving towards stagflation, that is the coexistence of inflation and low economic growth, with ...

Talk of changes to the Bank of England’s powers has revived a debate on whether central banks should be independent of governments and in what way. Central bankers are ...

Chromebooks, the laptops or tablets running Google’s Linux-based Chrome OS, continue to experience a decline in sales for the fourth consecutive quarter, according to a report released this week ...