#business

FedEx (FDX.N) cut its full-year revenue forecast and reported quarterly profit that fell far short of analysts’ targets on Tuesday, sending shares tumbling 9.8 per cent, as its largest Express ...

The Cabinet of Ministers on Wednesday approved the National Maritime Spatial Plan, in what is being described as a decisive move that aims for the holistic development of Cyprus’ shipping ...

Cyprus-headquartered Exness, the world’s largest online retail broker and one of the island’s most renowned employers, has just celebrated its 15th anniversary with a week-long series of grand ...

Freedom Finance Europe this week announced the inauguration of 3 new offices in the Netherlands, Austria, and Bulgaria, marking another step in its growth trajectory. The company noted that this expansion “...

The Cyprus Stock Exchange (CSE) on Wednesday announced the initiation of a consultation process by the Ministry of Finance regarding the proposed bill for the privatisation of the exchange. Titled “...

Tesla (TSLA.O) is not offering its employees yearly merit-based stock awards, Bloomberg News reported earlier this week. Tesla did not immediately respond to Reuters’ request for comment. The news ...

British inflation plunged in November to its lowest rate in over two years, prompting investors to pile further into bets that the Bank of England will cut interest rates next ...

The last 12 months have been some of the most challenging in the buyout industry’s recent history, as private capital fundraising fell to five-year lows and investors became more selective ...

Travel within Europe in the busy holiday season is exceeding 2022 levels, despite security warnings from authorities around Europe as consumers remain determined to enjoy holidays, prolonging the post-pandemic travel boom. ...

The harmonised index of consumer prices in Cyprus recorded a year-on-year rate of 2.4 per cent in November 2023, marking a slowdown compared to the rate of 3.6 per cent observed in October 2023, ...

Rating agency Capital Intelligence recently revised its outlook for the Bank of Cyprus’ (BoC) Long-Term Foreign Currency Rating (LT FCR) and Bank Standalone Ratings (BSR) from stable to positive. The ...

In Britain, a Christmas trip to the food aisles of Marks & Spencer is as much a treat as presents under the tree, with millions of shoppers ditching their regular ...

Ukraine’s embattled economy can weather the next few months until foreign aid arrives, but 2024 is certain to be tougher than this year and Kyiv will need to rely more ...

State-owned asset management company Kedipes on Tuesday announced the signing of an agreement with the Bank of Cyprus (BoC) for the sale of a portfolio of serviced and up-to-date restructured ...

For investors who braved their ‘bonds are back’ call in a turbulent year, euro zone debt was the big winner and a souring economy with tighter purse strings mean its ...

German online takeaway food company Delivery Hero (DHER.DE) said this week that it would close its global tech hubs in Turkey and Taiwan and adjust the headcount at its ...

The Cyprus Securities and Exchange Commission (CySEC) on Tuesday announced the conclusion of a groundbreaking event, conducted in collaboration with the NGO Citizens in Power and the Chartered Financial Analyst (...

‘Wealth Management is for all’ Hellenic Bank’s Wealth & Investment Services recently hosted a client forum, placing the spotlight on the recent market developments and investment trends. The discussion ...

National investment promotion agency Invest Cyprus on Monday released a statement reaffirming its commitment to cross-border education by fostering collaborations between tertiary education institutions in the United Kingdom and Cyprus. ...

The Construction Materials Price Index in Cyprus has experienced a marginal increase of 0.08 per cent in November 2023, when compared to the same period last year, with significant hikes in mineral ...

Nissan Motor (7201.T) has announced that it would sell China-developed electric vehicles (EVs) globally as it struck a deal with the country’s top university to leverage local resources to ...

The US Securities and Exchange Commission last week denied a petition by Coinbase Global (COIN.O) seeking new rules from the agency for the digital asset sector, which the country’...

The Central Bank of Cyprus (CBC) on Monday released a report delving into the country’s financial stability in 2022, as well as its preliminary estimates for the current year, noting ...

Tourist arrivals in Cyprus between January and November 2023 reached 3,722,022 visitors, reflecting a notable increase of 20.4 per cent when compared to the same period in 2022, according to a report released on ...