Turkey’s central bank hiked its key interest rate by a larger-than-expected 750 basis points to 25% on Thursday, sparking a…
Cabinet approves incentives for company acquisitions and mergers
The Council of Ministers on Thursday gave the green light to an action plan featuring incentives to encourage company acquisitions…
Minimum-wage hotel industry workers to receive salary hike after Cabinet decision
The Cabinet on Thursday announced an increase in the minimum wage limit and the inclusion of the cost-of-living-adjustment (CoLA) in…
Fukushima wastewater released into the ocean, China bans all Japanese seafood
Japan started releasing treated radioactive water from the wrecked Fukushima nuclear power plant into the Pacific Ocean on Thursday, a…
Pandemic, inflation push 68 million more in Asia into extreme poverty
The coronavirus pandemic and rise in cost of living have pushed close to 70 million more people in developing Asia into extreme…
Fuel prices rise to highest point since March 2022
Fuel prices in Cyprus are significantly more expensive today compared to those on March 7, 2022. On that day, a…
Top EU official warns West needs to act to avoid losing developing world’s trust
The head of the European Union’s powerful lending arm has warned the West is at risk of losing the confidence…
How many F-16 jets will Ukraine get and how will they change war?
The Netherlands and Denmark have led a push to train Ukrainian pilots to fly F-16s and deliver the fighter jets…
With central banks’ job half done, global inflation talk is shifting
Inflation has tumbled spectacularly across much of the world this year but the job is only half done, even if…
Greece’s Eurobank to buy additional 17.3% stake in Cypriot Hellenic Bank
Eurobank EURBr.AT, one of Greece’s largest lenders, said on Wednesday it has agreed to acquire an additional 17.3% stake in…