Cyprus Business News

UK inflation is forecast to jump to 2.5 per cent this year, as energy prices and consumer spending surge. Consumer price inflation, the measure targeted by the BoE, was just 0.7 per ...

Europe is facing a difficult second quarter as coronavirus infections rise and governments reimpose lockdown measures, but the European Central Bank will do its part to keep borrowing costs ultra ...

The European Union plans to label some gas power plants as sustainable investments, a draft document seen by Reuters showed, after an initial proposal to deny them a green label ...

The European Union is rebuffing British government calls to ship AstraZeneca COVID-19 vaccines produced in a factory in the Netherlands, an EU official said on Sunday. Former EU member Britain ...

“The recent aggressive price rally seems to have come to an end,” writes analyst Tom Kool at oilprice.com. Oil prices resumed their decline on Monday, falling around 1 per cent ...

The Turkish lira plunged on Sunday night, immediately after the re-opening of major foreign exchange markets, after President Tayyip Erdogan sacked the country’s hawkish central bank governor, replacing him ...

Tesla Inc chief executive Elon Musk said on Saturday his company would be shut down if its cars were used to spy, his first comments on news that China’s ...

If yield is all you’re after, stocks or real estate are almost certainly better investments than cars. But whatever return you’re getting from you Amazon stocks; you will ...

For the first time, a comprehensive effort is underway to make the island a technology hub Cyprus is framing a comprehensive, holistic policy to compete as a technology hub, Invest ...

For the first time since 2015, when stock price plummeted in the wake of the dieselgate scandal, Volkswagen is once again Germany’s most valuable company, overtaking Europe’s biggest software ...

Turkish President Recep Tayyip Erdogan removed the governor of the country’s central bank late on Friday, just after that official had presided over an interest-rate hik. Naci Agbal had ...

If proof were needed that US producers are spending massively, the recent interview of Prince Harry and Duchess of Sussex Meghan Markle with Oprah Winfrey provides an example: US and ...

Wizz Air is to introduce 122 new routes in spring and summer of this year. The new routes to and from Cyprus include: Larnaca-Cardiff, Larnaca-Tel Aviv, Larnaca-Birmingham, Larnaca-Kharkiv and Larnaca-Oslo Gardermoen, ...

On March 16, details of thousands of companies domiciled on the island will be collected to be entered in a so-called Ultimate Beneficial Owner (UBO) register – according to standards set by ...

Morgan Stanley has become the first big US bank to offer its wealth management clients access to bitcoin funds, CNBC reported on Wednesday. In an internal memo, the bank told ...

The skies above the Israeli town of Hadera were abuzz with delivery drones on Wednesday as national authorities tested a central control room for safely coordinating the small pilotless aircraft ...

As confectionery groups scramble to reduce added sugar, chocolate sweetened with cocoa fruit pulp is about to hit supermarket shelves with food giant Nestle ready to launch its “Incoa” bar. ...

By Dr. Charles Ellinas We urgently need a major rethink and change in direction. I have called repeatedly, and have been advocating through my articles in this newspaper, for the ...

The central bank of Turkey on Wednesday raised its key interest rate to 19 per cent from 17 per cent. The lira rose to about 8.75 against the euro from over 9 to the ...

The euro eased to $1.19655, but was hovering close to its one-week high of $1.19900 after rallying 0.6% on Wednesday. The British pound traded at $1.3946, having gained about 0.5 per cent overnight against the ...

Britain proposed weakening the market grip of “Big Four” auditors on Thursday and making company directors responsible for spotting fraud after the collapses of retailer BHS and builder Carillion. Directors ...

Britons are planning on using a portion of savings accumulated over the last year to go on a £50 billion spending spree when lockdown is lifted, according to a collaborative report ...

Budget airlines Ryanair and EasyJet are both predicting a boom in summer travel this year. But the “jury is still out,” say travel industry analysts at ING. Full recovery for ...

European Commission proposes to create a Digital Green Certificate to facilitate safe free movement inside the EU during the Covid-19 pandemic, according to a press release on Wednesday. Commissioner for ...