#business

National flag carrier Cyprus Airways on Thursday announced a strong performance for the month of August 2023, reporting an impressive increase in passenger numbers. According to the announcement, approximately 80,000 passengers were ...

When Nike reports its results for the key back-to-school shopping season on Thursday, investors will be eyeing the performance of its Jordan brand, a major profit-driver for the company. Data ...

New York has easily remained the world’s top financial centre with London still second and gaining some ground, but also facing a tougher fight with Singapore and Hong Kong, ...

The Bank of England on Thursday set out a reform of capital rules for insurers to “unlock tens of billions of pounds” for investments in the economy. The Solvency II ...

Oil prices scaled one-year highs on Thursday while world stocks eyed their longest losing streak in two years as worries deepened about persistently high interest rates, sending investors to shelter ...

The Cyprus Chamber of Commerce and Industry (Keve) on Wednesday shared the findings of a recent business study which shed light on the significant bureaucratic hurdles faced by small and ...

Deloitte, a global professional services firm, has officially launched the nominations for the third cycle of its prestigious “Technology FAST 50” programme. The initiative celebrates and awards fast-growing technology companies headquartered ...

The Bank of Cyprus on Wednesday announced that it managed to secure five distinct awards at the World’s Best Digital Banks Awards 2023, presented by the renowned international magazine Global ...

Limassol recently experienced a remarkable transformation on September 20-21 as it played host to the 6th Reflect Festival. Drawing an impressive crowd of more than 8,000 international entrepreneurs, decision-makers, and investors, ...

‘Cyprus should invest in infrastructure to empower the tech sector families moving to the island,’ stakeholders say by Souzana Psara This year’s TechIsland Summit, held in Limassol last week, ...

The Economic Research Centre of the University of Cyprus on Wednesday released its latest Economic Sentiment Index (ESI) for September 2023, revealing a deterioration in economic sentiment compared to August, reflecting ...

Russia said on Sept. 21 it had temporarily banned gasoline and diesel exports to all but four ex-Soviet states in response to domestic shortages, a move that will disrupt global trade ...

As the Federal Reserve’s hawkish stance boosts Treasury yields and slams stocks, some investors are preparing for more pain ahead. For most of the year, equity investors brushed off ...

EU industry chief Thierry Breton on Tuesday called on Apple (AAPL.O) CEO Tim Cook to open up the iPhone maker’s fiercely guarded ecosystem of hardware and software to ...

Elon Musk’s X, formerly called Twitter, disabled a feature that let users report misinformation about elections, a research organisation said on Wednesday, throwing fresh concern about false claims spreading ...

In today’s competitive business landscape, companies in Cyprus are increasingly recognising the benefits of business coaching and training to drive growth and achieve success, with industry experts extolling the ...

British workers took the most sick leave in more than a decade during the past year, a survey of employers showed on Tuesday, adding to signs of a lasting increase ...

The Bank of Cyprus on Tuesday said that a recent meeting with the government allowed for the bank’s initiative aimed at providing assistance to homeowners with loans secured by ...

Cisco Systems’ (CSCO.O) $28 billion deal for Splunk (SPLK.O) is likely to prompt other technology giants to splash out on similar acquisitions of software vendors with predictable subscription revenue, ...

Ankara could tap international bond markets more than once before year-end, while a flurry of debt sales from Turkish firms will lift overall emerging markets high-yield issuance, said Stefan Weiler, ...

The Cypriot economy has demonstrated exceptional resilience in recent years, according to statements made by Finance Minister Makis Keravnos, while speaking at the 4th Conference on “Banking System: New Challenges ...

French consumers are buying fewer personal hygiene and household products, sacrificing tampons and laundry detergent as prices of products made by big brands like P&G (PG.N) and ...

Italy is under growing market scrutiny as Prime Minister Giorgia Meloni prepares a difficult 2024 budget, with investors dismayed by government moves affecting sectors from banks to airlines. The Treasury will ...

The dollar stood by 10-month highs against a basket of major currencies on Tuesday, supported by US bond yields scaling 16-year peaks, while the yen tiptoed deeper into the intervention ...