#BusinessPick

Cryptocurrency trading increasingly resembles the US stock market of the late 1920s, Switzerland’s top market regulator said on Wednesday, calling for regulators to take more action to protect consumers ...

The cabinet of ministers this week approved a bill amending the income tax law so that the existing tax exemption for the amount of investment in an approved small-to-medium innovative ...

The Cyprus Ports Authority (Alk) on Wednesday said that the commercialisation of the Larnaca port has been one of the most important events that took place in the Cyprus maritime ...

The British government needs to do more to help those on lower incomes cope with the cost of living crisis and should cut VAT sales tax, the chairman of supermarket ...

Two high-tech Airbus A350 jets sit idle with their windows taped and engines covered in a floodlit hangar in the Gulf, hobbled by an international legal dispute between European industrial ...

Lebanese banks said the country’s draft agreement with the International Monetary Fund was “unlawful” and “unconstitutional” in a letter sent to the IMF by an adviser of the Association ...

Soaring food prices pushed British consumer price inflation to a new 40-year high last month of 9.1 per cent, the highest rate out of the Group of Seven countries and underlining ...

Big Macs and McFlurrys may be off the menu at McDonald’s successor restaurants in Russia, but the new firm has ambitious growth targets after it sold almost 120,000 burgers, a ...

Recent implosions in the cryptocurrency markets indicate that long-warned-about dangers of decentralised digital money are now materialising, the Bank for International Settlements has said. The BIS, the global umbrella body ...

Zavos Group chief executive Michalis Zavos this week said that Limassol is experiencing a surging demand in rental properties, with office space being particularly sought after. “The problem lies in ...

The Bank of England should raise rates faster than it has so far because the sterling’s weakness is adding to Britain’s inflation pressures, interest-rate setter Catherine Mann said ...

Babel Finance, the Hong Kong-based crypto lender which suspended withdrawals and redemption of crypto assets on Friday, said it has reached an agreement with counterparties on the repayment of some ...

For Jeremy Fong, US crypto lender Celsius was an ideal place to stash his digital currency holdings – and earn some spending money from its double-digit interest rates along the way. “...

The United Arab Emirates will build a new Red Sea port in Sudan as part of a $6 billion investment package, DAL group chairman Osama Daoud Abdellatif, a partner in the ...

Oil prices rose 1 per cent on Tuesday, clawing back more of last week’s losses as investors focused on tight supplies of crude and fuel products rather than concerns about ...

Bitcoin on Sunday rose around 7.6 per cent to $20,404 from its previous close, signaling a recovery from a sharp drop on Saturday. Bitcoin, the world’s biggest and best-known cryptocurrency, is ...

State-owned asset management company Kedipes announced on Monday that it repaid €100 million in state aid during the second quarter of the current year. Following the latest tranche, Kedipes’ state aid ...

RCB Bank on Monday announced that the sale of Tranche B of its performing loan portfolio to Hellenic Bank has been successfully completed. This follows the original statement released on ...

The Russian rouble steadied on Monday near multi-year peaks, supported by capital controls, and may continue firming later this month due to month-end tax payments. At 0758 GMT, the rouble eased 0.2 ...

The cryptocurrency industry was on edge on Monday morning as investors feared contagion from problems at major crypto players could unleash a major shakeout if not contained. Bitcoin which has ...

China’s crude oil imports from Russia soared 55 per cent from a year earlier to a record level in May, displacing Saudi Arabia as the top supplier, as refiners cashed ...

The election of Colombia’s first leftist president, Gustavo Petro, is indicative of widespread yearning for a more equal and inclusive society, analysts and business leaders said, but the former ...

BitOasis, a Middle East-focused cryptocurrency exchange based in the United Arab Emirates, said on Sunday it laid off nine of its staff, the latest company in the sector to cut ...

Nigeria is withholding $450 million in revenue international carriers operating in the country have earned, an executive at the world’s largest airlines association said on Sunday. Africa’s largest economy ...