Cyprus Business News

US employers likely hired nearly a million workers in April as they rushed to meet a surge in demand, unleashed by the reopening of the economy amid rapidly improving public ...

As part of measures to support companies facing liquidity problems due to the Covid-19 pandemic, the Ministry of Finance announced plans to allow partial monthly payments of VAT. “It is ...

In a major shift on intellectual property rights, the US administration has backed lifting patents of Covid-19 vaccines in order to speed up vaccination of those in need worldwide. The ...

Turkey’s central bank announced in a press release on Thursday that it chose to keep its key interest rate unchanged at 19 per cent, in a move widely anticipated by ...

“Turkey Unlimited. Now available without Turks,” reads a mock tourism advert on social media, poking fun at the sight of foreign tourists roaming quiet streets while most Turks are confined ...

The European Medicine Agency has started a rolling review of the Covid-19 vaccine developed by Chinese company Sinovac, the latest vaccine candidate hoping to win approval for usage in the ...

The Cyprus National Recovery and Resilience Plan is expected to create about 15,000 jobs, according to a preliminary review by the University of Cyprus. The plan, which allocates EU funds of €1.25 ...

Pfizer Inc (PFE.N) on Tuesday raised its forecast for 2021 COVID-19 vaccine sales by more than 70 per cent to $26 billion and said demand from governments around the world fighting to ...

Limassol Marina General Manager Nikiforos Pampakas talks about how the wharf is faring and evolving. Q:How has the Limassol Marina been affected by the pandemic? A:We are now ...

The infographic shows price changes for consumer goods during the pandemic.

A test plane for hydrogen propulsion from the British-Airways-ZeroAvia partnership was forced to make an emergency landing in the English county of Bedfordshire on April 29, the group said in a ...

CME Group, a Chicago-based derivatives marketplace, has launched Micro Bitcoin futures, further expanding its suite of crypto derivatives offerings, the company said in a press release on Tuesday. “At one-tenth ...

For Bank of Cyprus Deputy CEO Dr. Charis Pouangare, the royal road to profit passes through enhanced service for the customer. “This enables us to overcome many challenges. First, the ...

Consumer inflation (CPI) in Turkey rose 1.68 per cent monthly in April and annual inflation rose to 17.14 per cent, the Turkish Statistical Institute (TurkStat) announced on Monday. Annual inflation has now ...

Online sales accounted for nearly a fifth of total retail turnover last year as lockdowns to combat the spread of the coronavirus pandemic fuelled a boom in e-commerce, a United ...

A new company, based in Brussels, is creating a pan-European payments service that can be used to pay online as well as in stores, settle bills between individual consumers and ...

Cryptocurrency ether broke past $3,000 on Monday to set a new record high in a dazzling rally that has outshone the bigger bitcoin, as investors bet that ether will be of ...

Chinese researchers have identified a marine bacterial community capable of degrading plastic waste of poly (ethyleneterephthalate) and polyethylene. While the plastic-eating qualities of bacteria are already well known to the ...

The German economy contracted by a greater than expected 1.7 per cent in the first quarter as a lockdown in place since November to contain the coronavirus stifled private consumption in ...

Lebanon’s public prosecutor has launched an investigation into central bank governor Riad Salameh, a judicial source said, after a Swiss legal request alleged that more than $300 million had been ...

Disagreements over intellectual property rights mean Germany, France and Spain have yet to agree the next steps for a joint fighter jet project, the defence ministry in Berlin said on ...

EU regulators accused Apple on Friday of distorting competition in the music streaming market, siding with Spotify in a case that could lead to a hefty fine and changes in ...

AstraZeneca said its Covid-19 vaccine sales were $275 million in the first-quarter and it is on track to deliver 200 million doses a month from April, as better-than-expected results and a second ...

British trade minister Liz Truss expects the trade dispute over Airbus (AIR.PA) and Boeing (BA.N) to be resolved by July when a freeze on tit-for-tat tariffs expires, she ...