#BusinessPick

Russia is due to make another dollar-denominated payment to bondholders on Monday after last week defying fears it might not be able or willing to do so, following Western countries’ ...

Hellenic Bank announced on Monday the successful completion of a conference it held during the previous week to support small-to-medium-sized enterprises (SMEs), with participants having had the opportunity to share ...

After Russia’s invasion of Ukraine sent global wheat futures soaring, US farmer Vance Ehmke was eager to sell his grain. Local prices shot up roughly 30 per cent to nearly $12 ...

The global Financial Stability Board is closely scrutinising the use of cryptoassets during the war in Ukraine after concerns they could be used to evade Western sanctions on Russia. The ...

Egypt’s pound depreciated by 10.67 per cent on Monday after weeks of pressure on the currency as foreign investors pulled out billions of dollars from its treasury markets after Russia’...

Oil prices jumped more than $3 on Monday, with Brent above $111 a barrel, as European Union nations consider joining the United States in a Russian oil embargo, while a weekend attack ...

A Paris taxi driver whose Tesla Model 3 crashed in December, killing one person, has filed a legal complaint against the US carmaker, his lawyer said on Sunday. The French government ...

Universal Music Group (UMG.AS) is capitalizing on the popularity of non-fungible tokens by acquiring one of the cartoon apes that have taken the world of digital collectibles by storm ...

HSBC (HSBA.L) is buying a plot of virtual real estate in an online gaming space called The Sandbox for an undisclosed sum, the bank’s first major foray into ...

Russian gas flows to Europe remain stable, but Western sanctions over Moscow’s invasion of Ukraine and voluntary actions by buyers are starting to impact its crude oil and oil ...

Russia’s Federal Anti-Monopoly Service (FAS) said on Thursday it was conducting “anti-cartel” inspections at major sugar producers following a sharp increase in sugar prices and “unjustified” shortages in some ...

Egypt’s three biggest state-owned banks are setting up an $85 million financial technology fund that aims to accelerate innovation in the sector, venture capital firm Global Ventures, a partner in ...

Saudi Arabia’s state oil company Aramco, under pressure from the West to boost output amid soaring prices, pledged on Sunday to hike investments by around 50% this year as it ...

The Cyprus Investment Promotion Agency (Invest Cyprus) on Friday announced that its national stand had a great presence at one of the most important European real estate exhibitions, MIPIM (Marche ...

The Research and Innovation Foundation (Idek) on Thursday announced a new funding programme called Collaborative Development – Co-Develop, seeking to bring together Cyprus’ research community with local industry. The programme, aimed ...

The war in Ukraine could not have come at a worse time for the global economy. It has come at a time when the recovery from Covid-19 has begun to ...

Finnish utility Fortum (FORTUM.HE) said on Thursday it will use waste heat from two new Microsoft (MSFT.O) data centres to warm homes and businesses in and around the ...

Switzerland’s secretive banks hold up to $213 billion of Russian wealth, the country’s financial industry association estimates, as sanctions on Russia give a rare glimpse inside Swiss vaults. The ...

Coupon payments on Russian sovereign bonds due this week were received by correspondent bank JPMorgan (JPM.N), processed and the bank then made an onwards credit to the paying agent ...

Consumers risk losing all their money invested in cryptoassets and could fall prey to scams, the European Union’s securities, banking and insurance watchdogs said in a joint statement on ...

Russia laid down strict new rules for foreigners seeking permits to buy and sell Russian assets ranging from securities to real estate, a client memo by Citigroup (C.N) showed, ...

State-owned asset management company Kedipes announced on Thursday the launch of a new voluntary retirement scheme (VRS) in order to reduce the number of its employees, which the company considers ...

As COVID curbs cut travel and duty-free shopping, South Koreans are driving a luxury goods boom at home that has left Chanel barring nearly a third of would-be shoppers to ...

The world’s largest cryptocurrency exchange Binance has been granted a licence to conduct some operations in Dubai, the company said on Wednesday, from where it plans to carry out ...