Business

Ryanair (RYA.I) on Wednesday more than doubled its annual loss forecast and cut its January traffic estimate by 33 per cent, blaming travel restrictions in France, Germany and Morocco following ...

Cypriot biotech company Embio Diagnostics announced this week that it has successfully raised €1m in seed funding from multinational group Asbis, with the investment aimed at accelerating the company’s ...

Meet the movers and shakers of Cyprus’ evolving business landscape. Effective and successful women who continue to break the boundaries across a wide range of sectors, while building a path ...

The Cyprus Investment Promotion Agency, commonly known as Invest Cyprus, welcomed on Tuesday the recent signing of the Agreement on the Avoidance of Double Taxation and the Prevention of Tax ...

Orders have been pouring into Andrew Schuman’s candy cane business this year, but business has been anything but sweet. “We’re not taking new orders from new customers,” said ...

The official Xinhua news agency said on Wednesday it will issue a digital media photo collection via non-fungible tokens (NFTs), a first for China and a boost for the blockchain ...

Cyprus was one of the countries where the largest reduction in both primary as well as final energy consumption was recorded last year, according to data released by Eurostat, the ...

Turkey’s economy grew 7.4 per cent year-on-year in the third quarter, meeting expectations on the strength of retail demand, manufacturing and exports, official data showed on Tuesday, though it did ...

Britain’s economy grew more slowly than previously thought in the July-September period, before the Omicron variant of the coronavirus posed a further threat to the recovery later in the ...

Jose Castillo pulled his $60,000 worth of GameStop Corp (GME.N) shares from his brokerage last summer, even though he had no intention of selling them. The 26-year-old information technology worker, ...

Tesla CEO Elon Musk said he had sold “enough stock” to reach his plan to sell 10 per cent of his shares in the world’s most valuable car company, according ...

Chinese provincial authorities have ordered celebrities and live streamers to report tax-related crimes before 2022, just days after China’s “queen of live streaming” Viya was fined 1.34 billion yuan ($210 million) for ...

The burning issue of inflation was the subject of an online event held last Wednesday by the Cyprus Association of Economists (EOK) titled ‘Price Rises: Inflation Principle or Something Else?’. ...

Tourist arrivals reached 148,973 in November of this year, a massive jump over the 8,952 during the same month in 2020, but still down on the 169,392 tourist arrivals in November of 2019. For the ...

European gas prices hit a new record high on Tuesday after a pipeline that brings Russian gas to Germany switched to flow east, a move the Kremlin said had no ...

A unit of NatWest Group (NWG.L) on Tuesday agreed to pay about $35 million and pleaded guilty to wire and securities fraud in relation to a long-running scheme by some ...

Turkey’s lira rocketed back from record lows in volatile trading on Tuesday after Turkish President Tayyip Erdogan proposed measures to protect local currency savings against such swings. Erdogan introduced ...

Qatar Airways said on Monday it had started proceedings in a UK court against planemaker Airbus (AIR.PA) in a bid to resolve a dispute over skin flaws on A350 ...

British public borrowing nearly halved in the first eight months of the 2021/22 financial year compared with a year earlier when finance minister Rishi Sunak was deep in his emergency pandemic ...

Cryptocurrency exchange Binance said on Tuesday it had signed a cooperation deal with Dubai World Trade Centre Authority, which is working to set up an international virtual asset ecosystem. The ...

Conversion means different things for different businesses. It may mean getting audiences to provide contact info for lead generation, converting prospects to paying customers, or subscribing to your newsletters. Yet ...

The Cyprus Investment Funds Association (CIFA) announced on Monday that the investment fund sector enjoyed significant growth during 2021, with the total amount of Assets under Management (AuM) increasing by 48.7 per ...

Turkey’s lira gained more steam and was up 7% on Tuesday following a historic 25% recovery from record lows, after President Tayyip Erdogan , Turkish liraunveiled a plan he said would guarantee ...

By Melina Moleskis What is behavioural economics in a nutshell? Behavioural economics is about observing and understanding human decisions up close without prior assumptions. Its aim is to make people’...