#business

By Ioannis Tirkides History is not just the outcome of personalities, competing platforms, or a matter of chance. It can be all of that at times. But history is cumulative ...

Britain began a consultation this week to review rules that force automakers to produce more electric vehicles, following industry warnings that the current plan could lead to factory closures and ...

Total petroleum product sales in Cyprus fell by 4.7 per cent in November, compared to the same month in 2023, according to the Cyprus Statistical Service (Cystat). Despite the overall decline, kerosene ...

The US dollar was headed for an almost 7 per cent annual gain while Japan’s yen was set for a fourth consecutive year of losses on Friday, as traders anticipated ...

The Cyprus Securities and Exchange Commission (CySEC) on Friday published a consultation paper on amending the accepted languages for a prospectus. According to the commission, the approach proposed under this ...

Nicosia will host SESAM Identity 2.0, an architectural and cultural event, from March 1-10, 2025, according to an announcement released on Friday. Organised by EASA Cyprus NGO, the gathering will bring 150 participants, ...

The Greek government will hold an auction of three-month treasury bills (T-bills) on Tuesday, December 31, 2024, according to an announcement by the Public Debt Management Agency (PDMA). The auction aims to ...

Cyprus Chamber of Commerce & Industry (Keve) president Stavros Stavrou on Friday released a year-end statement reflecting on the country’s economic progress. In addition, Stavrou addressed various challenges on ...

Turkey’s central bank cut its key interest rate by 250 basis points to 47.5 per cent on Thursday, a bit more than expected, launching an easing cycle meant to leave behind ...

Major European energy companies doubled down on oil and gas in 2024 to focus on near-term profits, slowing down – and at times reversing – climate commitments in a shift that they are ...

The Cypriot property market underwent significant changes from mid-2023 onwards due to several global and regional factors, according to Pavlos Loizou, CEO and co-founder of real estate firm Ask Wire. ...

The cryptocurrency industry is pushing President-elect Donald Trump’s team to kick start his promised crypto policy overhaul when he takes office next month with executive orders that would help ...

India’s growth trajectory is expected to pick up in the second half of 2024-25, driven by domestic private consumption and a sustained revival of rural demand, the central bank ...

Russian companies have begun using bitcoin and other digital currencies in international payments following legislative changes that allowed such use in order to counter Western sanctions, according to Finance Minister ...

Alphabet’s (GOOGL.O) Google’s proposed changes to its search results to comply with EU tech legislation has received the thumbs up from lobbying group Airlines for Europe whose ...

The US dollar’s latest surge has forced central banks around the world to lean against it, selling greenback reserves to stabilise local currencies but potentially exaggerating dollar strength into ...

It could be a bumpy ride for US corporate bond spreads in 2025, with investors and strategists expecting more market volatility, as the new Trump administration implements a reform agenda that ...

Microsoft (MSFT.O) has been working on adding internal and third-party artificial intelligence models to power its flagship AI product Microsoft 365 Copilot, in a bid to diversify from the current ...

Honda (7267.T) and Nissan (7201.T) expect big benefits from their potential merger to create the world’s third-largest auto group but intense competition from China raises questions about whether they ...

Inflation dropped in most economies around the world in 2024, but voters didn’t care. Angered by the hefty ramp-up in prices for everything from eggs to energy over the past ...

The Paphos Regional Board of Tourism (Etap) has welcomed the signing of a new agreement for the second phase of infrastructure development at Larnaca and Paphos airports. In a statement ...

Major banks are planning to sue the US Federal Reserve over the annual stress tests conducted by the regulator, CNBC reported on Tuesday, citing a source familiar with the matter. ...

Euronext said on Tuesday it was experiencing an issue in calculating closing prices for cash instruments and would manually update those prices for the assets that had been affected. “Euronext ...

Cyprus’ Composite Leading Economic Index (CCLEI), maintained by the Economics Research Centre (CypERC) at the University of Cyprus, recorded an annual increase of 1.2 per cent in November 2024. This marks the ...