Business

Rome is drawing up an offer to try to convince Intel (INTC.O) to invest billions of euros in an advanced chipmaking plant in Italy, as Germany emerges as frontrunner ...

Attracting the who’s who of Cyprus’ business, financial and political landscapes, the 12th Limassol Economic Forum brought together renowned speakers from the global scene to explore the impact of ...

Finance Minister Constantinos Petrides said on Friday that the green transition will not be a painless process, highlighting the financial burdens it will likely incur on some sections of the ...

The Governor of the Central Bank of Cyprus Constantinos Herodotou said that financial literacy is a key element for a well-functioning economic system and thus a minimum requirement for sustainable ...

South Korea’s BTS has signed a new distribution and marketing deal with Universal Music Group (UMG.AS), the world’s biggest music label, dropping Sony Music’s (6758.T) Columbia ...

Cyprus has the second lowest hike in electricity costs in the EU and was among the first member states to adopt the 10 per cent reduction measure, Energy Minister Natasa Pilides ...

The president of the Nicosia district court has rejected a lawsuit against the government, the Central Bank and the Bank of Cyprus, which, among other things, sought the declaration of ...

German automaker BMW’s (BMWG.DE) first sales-ready battery electric i4 models rolled off production lines at its main plant in Munich on Friday, as the company expands its electric ...

Beyond Meat Inc (BYND.O) on Friday cut its third-quarter revenue forecast, blaming a host of factors including a drop in demand from grocery stores and a labour shortage that ...

Britain said on Thursday it would phase out its Digital Services Tax on US tech giants such as Google and Facebook once a global reform to corporate taxation takes effect ...

The path to sustainable and resilient economic growth requires coordinated, bold and transformative actions, Central Bank Governor Constantinos Herodotou said on Friday adding that to achieve such transition, significant reforms ...

A record proportion of the British public thinks inflation will accelerate over the next 12 months, according to data that could further boost expectations that the Bank of England will raise ...

Cyprus and India reaffirmed the potential for further development and increased cooperation during the ninth Cyprus-India Intergovernmental Meeting on economic, scientific, technical and industrial partnerships held on October 21. The sectors ...

The Dutch government’s forensic lab said on Thursday it had decrypted electric carmaker Tesla Inc’s (TSLA.O) closely guarded driving data-storage system, uncovering a wealth of information that ...

Economies in the six-member Gulf Cooperation Council will grow faster next year than previously thought, according to a Reuters poll of economists who warned a decline in oil and gas ...

According to the Cyprus Statistical Service (CyStat), Cyprus’ trade deficit rose to €3.165.7 million for the period between January and July 2021, marking an increase of 23.3 per cent year-on-year. The total imports ...

Unilever (ULVR.L) warned inflation was likely to accelerate next year, keeping the pressure on consumer goods companies as they hike prices to try to offset surging energy and other ...

Barclays (BARC.L) reported on Thursday a doubling of third-quarter profits, beating market expectations, as it followed Wall Street rivals in reaping bumper investment banking fees from a surge in ...

British public borrowing fell by almost half in the first six months of the current financial year from a post-World War Two high a year earlier, when the economy faced ...

Britain and New Zealand have reached agreement in principle on a free trade deal designed to reduce tariffs, improve services trade, and take London one step closer to membership in ...

The Bank of England will be the first major central bank to raise interest rates in the post-pandemic cycle but economists polled by Reuters think the first hike will not ...

Although conditions are not as favourable at the moment, Cypriot university students are still attracted to the prospect of studying in the United Kingdom. “With the effects of Brexit and ...

Boosted by elevated business activity and the tourism sector, the Cypriot economy remains on a path of growth and recovery according to a report by the University of Cyprus Economic ...

American credit rating agency S&P has released a report affirming RCB Bank with a rating of “BB-” with a stable outlook. RCB Bank’s long and short-term credit ...