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A new Russian law on leased aircraft showed Moscow could “confiscate” planes and such a move might help it claim insurance, Air Lease Corp (AL.N) said at a time ...

Oil prices climbed about 3 per cent on Thursday after the International Energy Agency (IEA) said markets could lose three million barrels a day (bpd) of Russian crude and refined products ...

Three million barrels per day (bpd) of Russian oil and products may not find their way to market beginning in April in the wake of its invasion of Ukraine, the ...

Director-General of the Ministry of Finance George Panteli, who represented Cyprus at the EU Economic and Financial Affairs Council (Ecofin) which ended yesterday in Brussels, said on Wednesday that sanctions ...

Michelin and BMW were among the latest companies on Wednesday to warn of disruption to their operations from Russia’s invasion of Ukraine, while ad group Publicis said it had ...

By George Pirishis There are new developments regarding the introduction of the minimum wage in the market since the general director of the Federation of Employers and Industrialists (OEB), Michalis ...

The euro jumped on Wednesday and was set for its third consecutive daily gains versus the dollar on Wednesday after Russian Foreign Minister Sergei Lavrov said peace talks with Ukraine ...

Russia is due to pay $117 million in interest on two dollar-denominated sovereign bonds on Wednesday – the first such payments since its invasion of Ukraine which sparked a raft of sanctions ...

The economic cost of Russia’s assault on Ukraine was fully exposed on Wednesday as Vladimir Putin’s sanctions-ravaged government teetered on the brink of its first international debt default ...

Bitcoin loves flirting with the mainstream. But now, as the US president says he wants to get serious, it may be getting cold crypto feet. When Joe Biden ordered officials ...

Cypriot company Tototheo Maritime, a leading maritime technology integrator and provider, announced on Tuesday that it has been appointed as the official distributor and service partner for marine technology manufacturer ...

International magazine Global Banking & Finance Review on Tuesday named the Bank of Cyprus’ asset management division (BOCAM) as the best asset management company in Cyprus. The award was given ...

By George Pirishis Significant questions arise with regard to the expected impact on the Cypriot economy following the decisions to impose European sanctions on Russia. While the services sector may ...

Hellenic Bank on Tuesday announced that it has negligible direct exposure to Russia, while its indirect exposure through any adverse effects on the Cypriot economy hinges on a number of ...

Environmental lawyers ClientEarth said on Tuesday they were preparing legal action against the directors of Shell (SHEL.L) over the company’s climate transition plan, in what they said would ...

Wild swings in asset prices following Russia’s invasion of Ukraine are prompting some investors to pare risk in their portfolios, fearing that the type of volatility seen in commodities ...

Britain’s unemployment rate dropped below its pre-pandemic rate in the three months to January while pay rose faster than expected, according to official figures that are likely to bolster ...

Turkey’s central bank is expected to hold its policy rate at 14 per cent this week, a unanimous Reuters poll showed on Monday, despite the Ukraine conflict and soaring energy ...

JPMorgan Chase & Co (JPM.N) will resume hiring unvaccinated individuals from April 4, the bank said in an internal memo seen by Reuters on Monday, as it looks to ease ...

Baker Tilly South East Europe chief executive officer Marios Klitou on Tuesday will receive the title of National Order for Faithful Service of the Rank of Knight by the Romanian ...

Cyprus’ trade deficit increased in January 2022 by 19.4 per cent, to €518.72 million, compared to €434.34 million in January last year, according to provisional data, published by the Statistical Service of Cyprus. At ...

By Yiannis Seitanides The Cypriot and global economies are adversely affected by the high cost of energy, which fuels inflation, and solutions are being sought to mitigate the impact on ...

Russia’s finance ministry said on Monday it had approved a temporary procedure for repaying foreign currency debt, but warned that payments would be made in roubles if sanctions prevent ...

Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk said on Sunday the US electric carmaker and his rocket company SpaceX are facing significant inflationary pressure in raw materials and ...