Business

A trio of U.S. economists including Former Federal Reserve chief Ben Bernanke won this year’s Nobel Economics Prize on Monday for laying the foundation of how the world ...

While British households head into a winter of soaring energy costs, a tumbling currency and nearly double-digit inflation, the country’s banks are in line for a handsome payday as ...

Cyprus has established itself as a competitive and modern international shipping centre, President Nicos Anastasiades said on Monday, kicking off the Maritime Cyprus conference. Cyprus has established itself as a ...

The Bank of England moved to ease concerns about the expiry at the end of this week of its emergency programme to calm turmoil in the government bond market, including ...

CEO of Hellenic Bank Oliver Gatzke has been placed on compulsory leave by the board of directors pending an internal investigation into allegations of statements and actions attributed to him. ...

Oil prices fell on Monday, snapping five days of gains, as investors took profits after a report on slowing economic activity in China, the world’s biggest crude importer, re-ignited ...

Turkey’s unemployment rate dropped 0.4 percentage points month-on-month to 9.6 per cent in August, while a seasonally adjusted measure of labour under-utilisation fell to 19.8 per cent, data showed on Monday. The ...

The Turkey-Libya MoU increasing tensions with Greece After a quiet year in 2021, perhaps as a result of Covid-19, we are back to the perennial problem of exclusive economic zones (EEZ) ...

Energean ENOG.L has begun pumping gas to its floating production facility in the offshore Karish gas field as part of reverse flow testing procedures approved by the Israeli government, ...

EU Transport Commissioner Adina Valean will be in Cyprus on Sunday to attend the opening of the Maritime Cyprus conference in Limassol. The conference officially kicks off Sunday night with ...

European Union rules to regulate crypto assets will curb the market share of non-euro denominated stablecoins from 2024, potentially limiting EU competitiveness, industry representatives have said. Ambassadors for the 27 EU states ...

A blockchain linked to Binance, the world’s largest crypto exchange, has been hit by a $570 million hack, a Binance spokesperson said on Friday, the latest in a series of ...

Taiwanese semiconductor companies attach “great importance” to complying with the law, the island’s government said on Saturday, signalling they would comply with new US export controls that aim to ...

Turkish President Tayyip Erdogan vowed on Saturday that the central bank would continue to cut its policy interest rates every month for as long as he stayed in power, after ...

French President Emmanuel Macron said in Prague that he will meet with his Spanish and Portuguese counterparts next week to discuss the cross-Pyrenees MidCat gas pipeline project and reach a “...

European Union leaders on Friday agreed to give more financial and military aid to Ukraine, but a full day of talks in Prague’s ornate royal castle seemed to bring ...

Staunchly anti-nuclear Austria said on Friday it had followed through on a pledge to file a legal challenge to the European Union’s inclusion of natural gas and nuclear energy ...

By Maria Demertzis The aftermath of the announcement of an end-September tax-cutting plan in a bid to jump-start growth in the United Kingdom was reminiscent of the financial crisis in ...

Parliament on Thursday unanimously approved the creation of a one-stop-shop framework for ship-owning companies and their shareholders to deal, in addition to the aspects of maritime law, with all matters ...

Shocks related to the COVID-19 pandemic and the war in Ukraine mean the world is unlikely to meet a longstanding goal of ending extreme poverty by 2030, the World Bank said ...

The state budget for 2023, submitted on Thursday by Finance Minister Constantinos Petrides, has been increased by €500 million. Petrides met with House President Annita Demetriou in her office to deliver his ...

Elon Musk’s U-turn on buying Twitter Inc (TWTR.N) could not have come at a worse time for the banks funding a large portion of the $44 billion deal and ...

The Cyprus Shipping Chamber (Kne) this week announced that it supports the joint statement by European shipping industry stakeholders who call for the sequestration of shipping revenues in the Emission ...

The Economic Policy Uncertainty Index (EPU) in Cyprus surpassed all previous records in April 2022, after the Russian attack on Ukraine last February, reaching a value equal to 364.8, according to a ...