#BusinessPick

Mining giant De Beers has commissioned a survey of the ocean floor off Greenland’s coast in a first step to determine whether it could hold deposits of highly-prized marine ...

PepsiCo Inc (PEP.O) raised its full-year revenue forecast on Tuesday, as the opening of public venues including theaters and restaurants following the lifting of pandemic-induced restrictions boosted demand for ...

British baker and fast food chain Greggs (GRG.L) said supplies of its famous sausage rolls will be maintained this year despite a crisis in the country’s pork industry ...

Lebanon’s former prime minister Hassan Diab said on Monday he had given up shares in a company he was linked to in a leak of financial documents, and denied ...

Cryptocurrency investment products and funds recorded inflows for a seventh straight week, as institutional investors warmed to more supportive statements from regulators, data from digital asset manager CoinShares showed on ...

British finance minister Rishi Sunak said on Monday that tax cuts could only come once public finances had been put on a sustainable footing. Last month the government set out ...

The latest James Bond movie took a mighty $121 million at the international box office over its opening weekend, Universal Pictures said on Monday. The British and Irish box office led ...

Digital music artist Polar has been launched by Cyprus studio TheSoul Publishing, its first digital artist and also the first of many music partnerships the studio has in the pipeline. ...

OPEC and its allies meet on Monday to debate how much oil to release into the red hot market, where supply disruptions and recovering demand from the coronavirus pandemic have ...

A deal with the United States is not the “be all and end all” of trade agreements, British Foreign Secretary Liz Truss said on Sunday. A trade deal with the ...

Switzerland’s economic affairs secretariat (SECO) has filed a criminal complaint in relation to collapsed financier Greensill Capital for alleged violations of the law against unfair competition, it told Reuters ...

South Korean Internet service provider SK Broadband has sued Netflix (NFLX.O) to pay for costs from increased network traffic and maintenance work because of a surge of viewers to ...

The advent of digital currencies in emerging markets could spark “cryptoization” of local economies, potentially undermining exchange and capital controls and upsetting financial stability, the International Monetary Fund said on ...

Hong Kong’s exposure to debt-laden developer China Evergrande Group (3333.HK) is “very minimal” at 0.05 per cent, or HK$14 billion ($1.79 billion), of banking assets, South China Morning Post reported on ...

Eurozone inflation hit a 13-year high last month and looks likely to jump higher still, further clouding the European Central Bank’s benign view of the biggest price spike since ...

A slump in Zoom Video Communications Inc’s (ZM.O) share price likely limited its ability to sweeten a nearly $15 billion all-stock offer for call center software firm Five9 (FIVN....

The Cyprus Shipping Chamber travelled to Brussels this week to participate in a conference hosted by the European Community Shipowner’s Association (ECSA). The Cypriot delegation was composed of the ...

OPEC+ is considering going beyond its existing deal to boost production by 400,000 barrels per day (bpd) when it meets next week, sources said, at a time when oil pricesare near ...

Standard Chartered said on Friday it now expects Turkey’s central bank to cut interest rates by another 300 basis points by year-end to 15 per cent and upped its 2021 inflation and ...

J D Wetherspoon (JDW.L) fell deeper into the red for its fiscal 2021 and said it had like many other businesses found it hard to attract workers in some areas ...

Changes to Britain’s border rules this week which prevent European Union ID cards from being accepted as proof of identity could compound existing issues for freight entering the United ...

“World Maritime Day is a chance to show our appreciation to the unseen heroes who contribute to the ceaseless operation of world trade,” Cyprus Shipping Deputy Minister Vassilios Demetriades said ...

Non-performing loans (NPLs) decreased by €142 million in June 2021, according to data released by the Central Bank of Cyprus. This decrease reflects a 2.8 per cent aggregate drop compared to the previous ...

Britain’s economy grew by more than previously thought in the April-June period before what looks like a sharp slowdown more recently as post-lockdown bottlenecks, including a shortage of truck ...