Business

Top oil exporter Saudi Arabia may raise prices of light crude grades to Asia in December, supported by a rebound in distillate margins and spot premiums for Middle Eastern oil ...

The deputy ministry of shipping on Friday announced the online publication of the draft tender document for the establishment of a ferry link with Greece which is available for open ...

NatWest’s (NWG.L) profit tripled in the third quarter as Britain’s resurgent economy buoyed its finances, but its margins contracted in a sign of potentially tougher times ahead. ...

The metaverse is here, in name if not in fact. Facebook (FB.O), the company, will henceforth be known as Meta, a new name that reflects co-founder and Chief Executive ...

Italian luxury sports car maker Ferrari (RACE.MI) on Thursday won its dispute with a German car design company after Europe’s top court agreed with its arguments that it ...

Microsoft Corp (MSFT.O) on Thursday said it plans to work with community colleges across the United States to fill 250,000 cybersecurity jobs over the next four years. Microsoft said it ...

The International Civil Aviation Organization’s (ICAO) high-level conference on Covid-19 took place earlier this month, with the conference exploring the issues around the aviation industry’s recovery, as well ...

According to the Cyprus Statistical Service (Cystat), industrial production marked a year-on-year increase of 9.3 per cent in the period of January – August 2021. According to the Cystat data, the Industrial Production ...

Facebook Inc (FB.O) is now called Meta, the company said on Thursday, in a rebrand that focuses on investing in the “metaverse,” a shared virtual environment that it bets ...

Hopes of an imminent breakthrough in deliveries of Boeing Co’s (BA.N) 787 jetliner were fading on Tuesday after a top supplier reported a lull in activity and two industry ...

Volvo Cars is hoping investors will buy into its long-term electric vehicle strategy and see past supply chain worries and questions about its shift to battery power as it gears ...

Higher inflation and rising taxation to fund growing demand for healthcare and other public services will cause living standards in Britain to barely rise over the coming year, the Institute ...

The Central Bank of Cyprus (CBC) has fined Bank of Cyprus, Cyprus’ largest lender, €277,000 over violations of the anti-money laundering law in the period 2008 until 2015. An AML audit in the ...

Britain plans to spend a million pounds ($1.37 million) on a proposed electric Extreme E off-road race in the Outer Hebrides next year, the series said on Wednesday. Finance minister Rishi ...

Nvidia (NVDA.O) suffered a setback on Wednesday as EU antitrust regulators opened a full-scale investigation into its $54 billion bid for British chip designer ARM on concerns the deal could ...

Quant Insight (Qi), a new quantitative financial market analytics and trading insights provider, announced on Wednesday that it has opened its new headquarters in Limassol. The company also has offices ...

The total amount of non-performing loans (NPLs) decreased by approximately €8 million in July over the previous month. This has resulted in a reduction of the NPLs index to 17.4 per cent ...

Some U.S. Senate Democrats on Wednesday proposed taxing billionaires’ unrealized gains from their assets to help finance President Joe Biden’s social-policy and climate-change agenda, according to the top ...

The House justice committee on Wednesday started discussion on the establishment of a commercial and maritime disputes court, in a bid to speed up legal procedures and boost Cyprus’ prospects ...

Phil Orlando has not heard this many people mentioning stagflation since he was a financial journalist in the late 1970s, when oil prices were soaring and inflation stood at more ...

Vegetable prices are surging in China after heavy rain swamped crops this month, fuelling concern over food prices at a time when consumers must brace for a hike in energy ...

German sportswear company Puma (PUMG.DE) increased its 2021 sales outlook on Wednesday even as it highlighted supply-chain pressures from a coronavirus lockdown in Vietnam, port congestion and container shortages. Factories ...

Turkey’s foreign trade deficit fell 47.5 per cent year-on-year in September to $2.547 billion according to the general trade system, data from the Turkish Statistical Institute showed on Wednesday. After trade ...

An executive at TikTok faced tough questions on Tuesday during the video-sharing app’s first appearance at a US congressional hearing, saying it does not give information to the Chinese ...