Business

The transport ministry on Thursday announced direct air connection to three Saudi airports. The flights will start in April 2023. The first will be Larnaca–Riyadh. In July of the same ...

Savers held up two banks in Lebanon on Wednesday to demand access to their own deposits frozen in the country’s paralysed financial system, underlining desperation among citizens unable to ...

Oil fell on Thursday as expectations of weaker demand and a strong US dollar ahead of a potentially large interest rate increase outweighed supply concerns. The International Energy Agency said ...

Software for the Ethereum blockchain has been overhauled, drastically reducing its energy usage, its inventor and co-founder tweeted on Thursday. The new system will use 99.95 per cent less energy, according ...

Two seemingly armed and desperate Lebanese depositors held up banks on Wednesday to force access to their own money, which has been blocked during a national financial meltdown. One woman ...

The cryptocurrency market has been highly turbulent since it reached an all-time high in November 2021. Moreover, till the middle of this year, global investment in digital asset funds remained noticeably ...

There’s no denying the fact that social media allows for two-way communication between customers and businesses. After all, social media can be used for reaching out to a larger ...

Central Bank of Cyprus (CBC) governor Constantinos Herodotou on Wednesday addressed the Association of Cyprus Banks, during the latter’s annual general meeting, touching on the uncertainty plaguing the current ...

Outgoing Association of Cyprus Banks president Panicos Nicolaou on Wednesday defended Cypriot banks from the torrent of criticism that they received this past year, particularly after the decision to increase ...

The total number of employees in the general public sector reached 72,432 in the second quarter of 2022, marking an increase of 1.8 per cent compared to the corresponding period of 2021, according to ...

Finance Minister Constantinos Petrides on Wednesday that Cyprus is expected to join the list of countries that have issued green bonds, with the first issuance of green loans expected to ...

A rally that has the dollar on course for its best year since 1984 has further to run, traders and analysts say, suggesting more pain almost everywhere else as other currencies ...

The European Union’s executive outlined plans on Wednesday to raise more than $140 billion from energy firms to help shield households and businesses from soaring prices that threaten economic recession ...

British consumer price inflation fell for the first time in almost a year in August as a drop in fuel prices offered some unexpected – and probably brief – respite to households ...

In early 2021, Dogecoin (DOGE) made the headlines after an explosive run-up that saw many investors get rich in a couple of months. The world’s most popular meme token has ...

By Clyde Russell If Europe is serious about ending all imports of Russian crude oil and refined fuels by early next year, the key to success lies in Asia, and ...

Oil prices inched lower on Wednesday on concerns of another US Federal Reserve interest rate hike next week after consumer prices unexpectedly rose in August, outweighing support from a robust ...

The German government has sold off its 20 per cent stake in Lufthansa (LHAG.DE) acquired during the coronavirus pandemic, it said on Tuesday. The state’s economic stabilisation fund (WSF), ...

Alphabet GOOGL.O unit Google on Wednesday suffered its second setback in less than a year as Europe’s top court agreed with EU antitrust regulators that it had abused ...

Alphabet unit Google (GOOGL.O) will face damages claims for up to 25 billion euros ($25.4 billion) over its digital advertising practices in two suits to be filed in British and Dutch ...

The cryptocurrency market has been bearish for the past few months with the prices of leading crypto projects experiencing massive or stagnant drops. However, a few key projects such as ...

Paphos tourism board (Etap) managing director Nasos Hadjigeorgiou on Tuesday said that despite the fact that certain hotels and tourist accommodation units will close during the winter, the district will ...

Central Bank of Cyprus (CBC) governor Constantinos Herodotou on Tuesday delivered a speech at an event organised by the London Business School Alumni Cyprus Club, touching on a number of ...

Hellenic Bank on Tuesday announced its decision to terminate negative interest rates on non-household Euro accounts, with effect from October 3, 2022. From the aforementioned date, the interest rate on all non-household ...