Business

The finance ministry on Saturday welcomed Moody’s Investors Service decision to change the outlook on Cyprus’ Ba1 ratings to positive from stable, saying this acknowledges the economy’s resilience ...

There’s been a lot of bullish activity in crypto over the past month with many popular cryptocurrencies gaining in price by as much as 50% to 200%. Here are a few ...

Cypriot fintech company WiRE FS CEO Pavlos Loizou this week commented on the state of the tourism sector in Cyprus and how it stands up to financial scrutiny, as well ...

Russia’s state communications regulator said on Friday it was taking punitive measures against five foreign IT companies for violating online content laws, which could require search engines to include ...

By Theodoros Pelagidis In September 2021 the undersigned, diagnosed that inflation will not transitory, that it will be more persistent, higher and longer lasting, showing evidence of entrenchment since then. In ...

The Harmonized Index of Consumer Prices in July 2022 increased by 10.6 per cent compared to July 2021, while compared to the previous month it increased by 1.7 per cent, according to data released ...

Cryptocurrencies fell sharply on Friday, with sudden selling dragging bitcoin to a three-week low. The reason for the drop was not immediately clear. Bitcoin fell as much as 7.7 per cent ...

Bank of Cyprus (BoC) said on Friday it had received and unanimously rejected “unequivocally” three unsolicited, conditional, non-binding proposals from Lone Star relating to a possible cash offer for the ...

Britain’s financial watchdog has told firms offering ‘buy now, pay later’ loans to spell out the cost of late repayments to customers as the UK cost-of-living crisis intensifies. Companies ...

Russia has charged up to third place in a list of countries outside mainland China using the yuan for global payments, highlighting how it is being affected by Western sanctions. ...

Oil prices slipped on Friday after two days of gains, as market participants weighed worries about a global economic slowdown, which would dampen fuel demand, against expectations of tighter supplies ...

The Turkish lira was steady against the US dollar on Friday after nearing record lows in the previous session as Turkey’s central bank shocked markets by cutting its main ...

Samsung Electronics (005930.KS) said on Friday it broke ground at a new semiconductor research and development (R&D) complex in South Korea, where it plans to invest about 20 trillion ...

Turkey’s central bank shocked markets on Thursday by cutting its main interest rate by 100 basis points to 13 per cent, saying it needed to keep driving economic growth despite inflation ...

Despite being in a bear market, developers all over the globe have been busy building, and now that market conditions have reversed, hundreds of new protocols are ready and waiting ...

University and college students in Paphos will have to pay higher rent prices during the upcoming school year, according to a number of municipality and district officials, with the district ...

From $300 bucket hats to $900 sneakers and $700 t-shirts, the high-flying luxury sector is fretting over the appetite among financially stretched Gen Z consumers for such “aspirational” purchases. Executives are troubled in ...

Singapore-based cryptocurrency platform Crypto.com has registered with Britain’s financial services regulator, the company said in a statement on Wednesday. Joining the Financial Conduct Authority’s (FCA) register means ...

International flights by Cyprus residents to foreign destinations picked up during July, according to a report by the Cyprus Statistical Service released this week. Based on the data, foreign trips ...

Dubai-owned ports giant DP World reported on Thursday a record $721 million first-half profit boosted by elevated shipping rates but said it expected its profit, revenue and container growth rates to ...

The rouble surged to more than two-week highs on Thursday against the dollar and euro and Russian stocks edged higher, helped by stronger oil prices and an upcoming tax period ...

Oil prices were little changed on Thursday as investors grappled with falling stockpiles in the United States, rising output from Russia and worries about a potential global recession. Brent crude ...

The euro zone inflation outlook has failed to improve since a July rate hike, European Central Bank board member Isabel Schnabel said, suggesting she favours another large interest rate increase ...

Australia’s jobless rate dropped to a fresh 48-year low in July even as employment broke a super-strong run with the first fall this year, a mixed report that might ...