#BusinessPick

Bitcoin tumbled more than 13 per cent at one point on Saturday, crashing below the closely watched $20,000 level to its weakest level in 18 months, as it extended a slide on investor ...

Goldman Sachs said on Friday it expects annual inflation in Turkey to reach almost 80 per cent before easing to 60 per cent by the end of 2022, thanks to so-called favourable base ...

Electric and hybrid models should make up 80 per cent of Ferrari’s (RACE.MI) sales by 2030, the luxury carmaker told investors on Thursday, vowing to produce “even more unique” cars ...

Hong Kong-based Babel Finance temporarily suspended the withdrawals and redemption of crypto assets on Friday, as the crypto lender scrambles to pay its clients after the recent slump in the ...

Liquidity troubles at crypto lending platform Celsius Network, which have left its 1.7 million customers unable to redeem their assets, will increase US regulatory pressure on the sector, which was already ...

BofA Securities economists see roughly a 40 per cent chance of a US recession next year, with inflation remaining persistently high. They expect US Gross Domestic Product growth to slow to ...

Oil prices tumbled about 5 per cent to a three-week low on Friday, led by a slump in US gasoline futures, as investors worried interest rate hikes from major central banks ...

Coordinated or not ahead of this month’s G7 summit, global central banks are accelerating interest rate hikes but also actively draining the giant pool of cash swilling around world ...

Elon Musk was sued for $258 billion on Thursday by a Dogecoin investor who accused him of running a pyramid scheme to support the cryptocurrency. In a complaint filed in federal ...

Alphamega Hypermarkets CEO George Theodotou earlier this week told attendees at the Cyprus Grocery Retail conference that the sector is currently facing unprecedented challenges. The executive explained that soaring inflation, ...

Cypriot company Tototheo Maritime, a leading maritime technology integrator and provider, announced on Thursday recently inaugurated its new office in Bremen, Germany. Headquartered in Cyprus, Tototheo Maritime has been offering ...

The Cyprus Fiscal Council recommends particular caution in public finances due to increased risks, which may persist over time, expressing the view that support measures should be focused on small ...

Bitcoin recovered on Wednesday after diving to an 18-month low, buoyed by the US Federal Reserve’s tough stance on inflation even in the midst of a market meltdown this ...

Oil prices recovered on Thursday from a steep drop in the previous session, supported by tight oil supply and peak summer consumption, after a hefty US rate hike sparked fears ...

Cyprus ranks 40th in terms of competitiveness, moving down seven places compared to 2021, a report showed on Wednesday. The decline in the ranking is mainly due to a significant deterioration ...

Tapping into Israel’s vast renewable sources of energy will help reduce the EU’s dependence on Russia, European Commission President Ursula von der Leyen said during her visit to ...

The Cyprus Statistical Service (Cystat) on Wednesday reported that there was an increase in job vacancies during the first quarter of 2022 when compared to the corresponding period of 2021. According to ...

The euro zone’s trade deficit almost doubled in April from the previous month after an already record expansion in March, and industrial production increased over the same period on ...

The Cyprus Composite Leading Economic Index (CCLEI) turned negative in May, following annual increases in the previous months, reflecting the uncertainty driven by the war in Ukraine. The CCLI compiled ...

The European Central Bank promised fresh support and a new scheme on Wednesday to temper a market rout that has fanned fears of a new debt crisis on the euro ...

Bitcoin fell on Wednesday to a new 18-month low, dragging down smaller tokens with it, as the recent tumble in crypto markets showed no sign of letting up. The world’...

The United Arab Emirates (UAE) has ordered a four-month suspension in exports and re-exports of wheat and wheat flour originating from India, the world’s second biggest producer of the ...

By Yiannis Seitanidis Hellenic Bank CEO Oliver Gatzke said he expected there would be some time between the ECB’s rate hike in July and an increase of lending rates ...

The European Central Bank’s policy-setting Governing Council will hold a rare, unscheduled meeting on Wednesday to discuss the turmoil in bond markets, underscoring official concern around a blowout in ...