Oil prices rise on softer US dollar, supply woes
Oil prices climbed on Tuesday, bolstered by a weaker US dollar and supply woes, although gains were capped by the spectre of lower fuel demand from China as it persists ...
YouTube expands audio and podcast advertising for brands
Alphabet Inc’s (GOOGL.O) YouTube will expand ways for advertisers to reach music and podcast listeners and viewers on connected televisions, the company said on Monday.
The announcements come ...
Monetization practices of fitness applications
The fitness industry is booming, and with the popularity of health-related smartphone applications, it’s no surprise that you, like many entrepreneurs are looking to build your own fitness app.
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Turkish cenbank raises securities maintenance ratio for forex deposits
The Turkish Central Bank said on Tuesday it raised the securities maintenance ratio required for foreign exchange deposits to 5 per cent from 3 per cent and that further steps as part ...
Why Bored Ape (BAYC) Investors are jumping ship to the Chronocatz NFT Project
Things are pretty rough at the moment in the world of NFTs – the floor prices of NFTs are plummeting, scam actors are finding more vulnerable people to steal their hard-earned ...
Cyprus Business Now
Cyprus’ Gross Domestic Product (GDP) was revised to €24.01 billion at current prices for 2021 and to €21.89 billion for 2020, according to a report released on Monday by the Cyprus Statistical Service (Cystat).
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British markets rally after huge U-turn on govt economic plans
Britain’s government bonds, currency and shares rallied on Monday as new finance minister Jeremy Hunt reversed swathes of Prime Minister Liz Truss’s economic growth plan, the latest twist ...
UK market fuels uptick in Cyprus tourist arrivals in September
Tourist arrivals in September 2022 increased by 21.9 per cent compared to last year’s corresponding period, with the majority of tourists being from the United Kingdom, according to a report released ...
Mexico’s non-bank lenders may now need bank licenses to survive
Mexico’s biggest non-bank lenders may need to become licensed banks, analysts said, as they maneuver through growing market turmoil to avoid the fate of three big peers who defaulted ...
UK shares end higher for third straight day after Hunt’s policy U-turn
London shares rose on Monday as new finance minister Jeremy Hunt reversed Prime Minister Liz Truss’s economic plan announced three weeks ago that slammed UK markets and dented investor ...
Exxon’s Russian oil output collapsed after rejecting local tanker insurance
Oil output at the giant Exxon-led (XOM.N) Sakhalin-1 Russian Pacific project collapsed following the US major’s refusal to accept local insurance for tankers after Western insurers pulled out ...
Cyprus economy most threatened by prolonged price increases
Cyprus’ Economy and Competitiveness Council on Monday released a report illustrating that the prolonged and pronounced increase in consumer prices and inflation has been ranked by both public and private ...
Finance ministry concerned over unpaid housing loans
The finance ministry has expressed alarm and dissatisfaction at the high amount of money owed to public-law organisations that give out loans to people for housing – loans which the state ...
Royal Caribbean’s Odyssey of the Seas arrives in Limassol
Limassol port management company DP World on Monday announced that on Thursday last week, October 13, it welcomed Royal Caribbean’s Odyssey of the Seas on her stopover at DP World ...
Cyprus GDP revised upwards, inflation to more than halve next year
The University of Cyprus’ Economics Research Centre (CypERC) on Monday released its updated economic outlook report, noting that real GDP growth in 2022 is projected at 4.9 per cent, up by 2 percentage ...
Oil climbs on China’s fuel demand recovery hopes
Oil prices rose on Monday after China rolled over liquidity measures to help its pandemic-hit economy, igniting hopes for a better fuel demand outlook from the world’s top crude ...
Scores of Google rivals want EU tech law used in antitrust case
More than 40 European rivals to Google’s shopping service urged EU antitrust regulators on Monday to use newly adopted tech rules to ensure the Alphabet unit complies with a 2017 EU ...
G7 fails to reach intervention deal to ease pain of soaring dollar
Japan and other countries facing the fallout from a soaring US dollar found little comfort from last week’s meetings of global finance officials, with no sign that joint intervention ...
The burning issue of rents
In recent months, the problem of high rents has been all over the media. High rents cause social problems, especially for young couples and the lower paid, and discourage students ...
Goldman plans major overhaul, to combine investment banking and trading
Goldman Sachs is planning a major reorganization as part of which its storied investment banking and trading businesses will be combined, while consumer banking will be absorbed by its wealth ...
Issuance of a contradictory order of the court
The existence of an eviction order does not permit a new order to be issued without annulling the original one
When a court order is issued to recover possession of ...
OPEC+ members line up to endorse output cut after US coercion claim
OPEC+ member states lined up on Sunday to endorse a steep production cut agreed this month after the White House, stepping up a war of words with Riyadh, claimed Saudi ...
Some EU countries want billion-euro chip plan to also fund current chips
Some EU countries want the bloc’s billion-euro chip plan to fund the production of current cutting edge chips and not just first-of-its kind chips proposed by the European Commission, ...
EU leaders set to explore gas price cap options
European Union leaders meeting at the end of this week will explore a range of options for gas price caps, over which they have been divided for weeks, according to ...