#business

The Cyprus Investment Funds Association (CIFA) on Friday expressed its commendation for the recent approval by the Cabinet of a draft law regarding the establishment and operation of Fund Managers ...

Cyprus is grappling with heightened economic uncertainty as October witnessed a marked spike in the Economic Policy Uncertainty (EPU) index, escalating to 256.63 from September’s relatively stable 202.84, according to the ...

British retail sales volumes fell unexpectedly in October as stretched consumers stayed at home, official data showed on Friday, in a new warning sign for the economy. Retail sales volumes ...

Airbus (AIR.PA) won a consolation order for 15 A350-900 jets from Emirates on Thursday after a public row between the Mideast giant and engine maker Rolls-Royce (RR.L) prevented ...

Some of the major banks in the world expect global economic growth to slow further in 2024, squeezed by elevated interest rates, higher energy prices and a slowdown in the world’...

Oil prices were little changed on Friday but on track for their fourth straight week of losses after tumbling about 5 per cent to a four month-low on Thursday on worries ...

OpenAI, whose generative AI products initially raised fears of widespread cheating on homework, is now exploring how it can get its popular ChatGPT chatbot into classrooms, according to a senior ...

Alpha Bank Cyprus this week announced that it conducted a special event on Tuesday, November 14, at its headquarters in Nicosia, in support of Men’s Health Awareness Month, in order ...

The head of the International Monetary Fund has urged countries to make a more proactive push to develop central bank digital currencies (CBDC). Eleven countries, including a number in the ...

British house prices fell in annual terms in September for the first time since 2012 and rents rose sharply last month, official data showed earlier this week, underlining the weak state ...

Construction sector described as the engine of the Cypriot economy Cyprus Land and Building Developers Association (LBDA) president Michalis Hadjipanayiotou on Thursday lauded the local property sector’s robustness, reflected ...

The Finance Ministry on Thursday said that the European Commission’s autumn forecast has underlined the resilience of the Cypriot economy, along with its flexibility and adaptability to challenging economic ...

The euro zone appears to be in the middle of another recession but worries about whether definitive growth figures due early next year will have a plus or minus sign ...

The dollar held its ground on Thursday after a volatile two days that saw sharp declines followed by a rebound as traders took incoming economic data as signalling the Federal ...

Energean plc, a prominent gas-focused independent exploration and production company operating in the Mediterranean and UK North Sea, on Thursday released an update for the nine months ending September 30, 2023, reporting ...

Oil prices fell on Thursday, extending losses from the previous session, as signals of higher supply from the United States met worries about lacklustre energy demand from China. Brent futures ...

For Darya Stepanova, a mother of two who lives in a small town on the eastern side of the Ural mountains, soaring prices for everything from baby food to nappies ...

As families in the US prepare to gather for their Thanksgiving dinners next week, food prices have largely flatlined for months, gasoline prices are about 10 per cent lower than a ...

Larnaca Chamber of Commerce & Industry (Evel) president Stavros Stavrou used his speech at this year’s annual assembly to highlight the city and district of Larnaca’s substantial strides ...

The Cyprus Stock Exchange (CSE) this week announced the implementation of a new Regulatory Decision and an updated Securities Accounts System (SAS), applicable as of November 13, 2023. According to the announcement, ...

Volkswagen (VOWG_p.DE) has not made a decision on producing a 20,000-euro ($21,714.00) electric car yet, but Chief Executive Oliver Blume is convinced that the company can get there by ...

Cypriot startup accelerator ARIS, short for A Really Inspiring Space, and Frederick University this week announced that they have signed a memorandum of understanding to facilitate the growth of youth ...

The national carrier of the Kingdom of Bahrain, Gulf Air, on Wednesday announced that it has increased the number of flights to Larnaca and Athens, aiming to bolster its operations ...

The Cabinet has greenlit a pivotal legislative draft titled ‘The Establishment and Operation of Collective Investment Organisation Management Companies Law of 2023’, which aims to regulate the operations of Fund Managers ...