#BusinessPick

Vagit Alekperov, a former Soviet deputy oil minister and a supporter of close ties between Russia and OPEC, has resigned as president of Russia’s second-largest oil producer Lukoil (LKOH....

Egypt’s economy will grow 5.3 per cent in the fiscal year ending in June but the pace will ease to 5.2 per cent in 2022/23 and 5.0 per cent in 2023/24 as tourism falls ...

The Turkish consumer confidence index dropped 7.3 per cent to 67.3 points in April, official data showed on Thursday, hitting its lowest ever level, driven by a 10 per cent drop from the ...

Netflix Inc (NFLX.O) shares lost more than a quarter of their value in premarket trading on Wednesday after the company reported its first drop in subscribers in a decade, ...

Association for the Protection of Borrowers (Syprodat) director Tzeni Papacharalambous on Wednesday met with Hellenic Bank head of retail banking Andreas Assiotis, discussing a range of issues. Points of discussion ...

A US judge’s ruling this week that the Biden administration’s mask mandate for public transportation was unlawful dealt another blow to an industry that built dozens of small ...

Homeowners in small Chinese cities are battling a rare property market downdraft as buyers keep away, eroding the wealth of millions in a blow to already brittle consumer confidence in ...

Saudi Arabia exported nearly 13 per cent less oil to China in March than a year earlier but retained its top supplier spot, while shipments from second-ranking Russia slipped 14 per cent, ...

German car parts supplier Continental AG (CONG.DE) has temporarily resumed tyre production for passenger cars at its Russian plant in Kaluga, it said on Tuesday, to protect local workers ...

Britain’s competition regulator will directly enforce consumer law and can fine firms up to 10 per cent of their global annual turnover for mistreating customers, the UK government said, as ...

Buyers around the world are lining up to purchase electric vehicles this year even with sticker prices surging, flipping the script on a decade and a half of conventional auto ...

KPMG Cyprus on Tuesday announced that it has entered into a strategic partnership with AI specialists EBO. EBO is one of the leading companies in the field of customer engagement ...

European shares were lower on Tuesday, while yields on 10-year US inflation-linked bonds were close to turning positive for the first time in two years, as the prospect of aggressive ...

The government does not intend to raise taxes, but will rather pursue a policy of stimulating growth and attracting new investment in response to the coming economic slump, Finance Minister ...

A Rolls-Royce (RR.L) design for a small modular nuclear reactor (SMR) will likely receive UK regulatory approval by mid-2024 and be able to produce grid power by 2029, Paul Stein, ...

The Biden administration will no longer enforce a US mask mandate on public transportation, after a federal judge in Florida ruled that the directive was unlawful, overturning a key White ...

More than 40 crypto business leaders have asked the European Union not to require crypto firms to disclose transaction details and dial down attempts to bring to heel rapidly growing decentralised ...

Rivian Automotive Inc (RIVN.O) CEO R.J. Scaringe needs to sell a lot more electric vans and pickup trucks to boost a beaten down stock price and fund his ...

The Russian invasion of Ukraine is making Cuba’s three-year-old foreign exchange crisis worse as import costs jump, undermining an incipient recovery and threatening more hardship for residents, according to ...

Sri Lanka’s worst economic crisis has triggered an unprecedented wave of spontaneous protests as the island nation of 22 million people struggles with prolonged power cuts and a shortage of ...

Oil edged lower on Monday pressured by worries over slowing demand in China, although concern over tight global supply and the deepening Ukraine crisis kept Brent crude above $111 a barrel. ...

A federal judge has ruled that Tesla (TSLA.O) CEO Elon Musk’s 2018 tweets about having secured financing to take the company private were false, according to court filings by ...

Poland’s biggest fashion retailer, LPP (LPPP.WA), said on Monday it would strengthen its presence in the European Union, shifting focus after suspending its business in Ukraine and closing ...

The European Union’s forthcoming sanctions on Russia will target banks, in particular Sberbank (SBER.MM), as well as oil, the head of the European Commission Ursula von der Leyen ...