By Heather Scott US central bankers on Wednesday are poised to take the first step to raise borrowing costs in a bid to cap rising inflation before it surges out of control.
Cyprus expects to be hit the hardest in the sectors of tourism and energy supplies, a senior government official told the EU finance ministers’ meeting (Ecofin) in Brussels, echoing warnings from rating
British Prime Minister Boris Johnson began lobbying Saudi Arabia and the United Arab Emirates to pump more oil to calm markets roiled by Russia’s invasion of Ukraine as he met the Gulf
The Finance Ministry has revised its inflation forecast for Cyprus this year from an initial 1.5% to 4%, amid a hike in fuel prices in the aftermath of Russia’s invasion of Ukraine.
By Danny Kemp, with Emmanuel Duparcq The United States will unveil a new round of security assistance to Ukraine Wednesday, as western leaders faced mounting pressure to stop Russia’s bombardment of civilians and
The EU on Tuesday banned exports of champagne, high-end cars, fashion apparel, expensive electronics and sports gear to Russia as part of a new round of sanctions on Moscow for its war
Britain on Tuesday imposed an additional 35% tariff on a swathe of Russian imports, from vodka to steel, and banned exports of luxury goods over Moscow’s invasion of Ukraine. “We want to
Cyprus’ significant links with Russia have increased the downside risks to otherwise strong medium term economic prospects for the island, rating agency DBRS said in a commentary, echoing concerns by local firms
By Delphine Touitou Ukraine’s government continues to function, the banking system is stable and debt payments are viable in the short term, but the Russian invasion could plunge Ukraine into a devastating
By Marc Burleigh The EU is to sanction Roman Abramovich and other oligarchs in its latest round of punishment of Russians seen as supporting Moscow’s invasion of Ukraine, three diplomats told AFP