#business

Europe’s growing dependence on imported critical raw materials (CRMs) should be viewed as a major concern, according to recent comments by Mark Rachovides, chairman of Cyprus mining company Venus ...

The vice-president of the Cyprus Chamber of Commerce and Industry (Keve), Andreas Demetriades, this week highlighted the concerning issue of soaring rental costs, which, in many cases, exceed the means ...

Construction Price Index The Construction Price Index in Cyprus experienced a deceleration for the third consecutive quarter in April, indicating a slight alleviation of inflationary pressures within the sector. The ...

Aston Martin’s (AML.L) stock popped nearly 22 per cent on Thursday, after the luxury carmaker announced a 234 million pound investment by China’s Geely (0715.HK), that will see the ...

Sony Group Corp (6758.T) on Thursday said it is examining a partial spin-off of its financial business just three years after taking full control, as the conglomerate doubles down on ...

BT Group (BT.L), Britain’s biggest broadband and mobile provider, will cut up to 55,000 jobs including contractors by 2030 – potentially over 40 per cent of its workforce – as it completes its ...

Bankers are beefing up risk management, monitoring and emergency procedures around the use of social media after an internet-fueled run toppled Silicon Valley Bank two months ago and sparked turmoil ...

If investors agree on one thing this year, it’s that the dollar is going to fall. That’s made the greenback’s 2 per cent bounce over the last month ...

Deutsche Bank AG (DBKGn.DE) has agreed to pay $75 million to settle a lawsuit by women who say they were abused by the late financier Jeffrey Epstein, and accused the ...

The Central Bank of Cyprus (CBC) on Wednesday reported a decrease in non-performing loans (NPLs) at the end of February 2023. NPLs decreased by approximately €60 million compared to the previous month, ...

The Ministry of Finance this week stated that while the Cypriot economy is facing a period of increased uncertainty, its growth rate remains relatively high compared to other EU countries, ...

Euro zone inflation accelerated last month, Eurostat said on Wednesday, confirming preliminary data pointing to increasingly stubborn price growth among the 20 nations sharing the euro. Overall price growth accelerated to 7.0 ...

Bitcoin, ether and other cryptocurrencies should be regulated as gambling given the significant risks they pose to consumers, a panel of UK lawmakers said in a report on Wednesday. Britain, ...

British car plants will close with the loss of thousands of jobs unless the Brexit deal is swiftly renegotiated, Stellantis (STLAM.MI) has told the UK parliament, the latest in ...

The Cyprus Statistical Service (Cystat) on Wednesday reported a notable deceleration in harmonised inflation for the month of April. According to the report, the Harmonised Index of Consumer Prices (HICP) ...

Robust growth in tourist arrivals in Cyprus reaffirms post-pandemic recovery Tourist arrivals in Cyprus experienced an increase of 18.5 per cent in April 2023, compared to the same period last year, according ...

Tesla Inc (TSLA.O) boss Elon Musk, who has never used traditional advertising to sell cars, said on Tuesday that the automaker would try it and see whether it produced ...

UBS Group AG (UBSG.S) was rushed into buying cross-town rival Credit Suisse Group AG (CSGN.S) in a deal it did not want, as a global bank crisis worsened ...

Move over dogecoin? “Memecoins” – a hyper-speculative, ultra-volatile and somewhat peculiar class of crypto – are back in the spotlight after the latest digital token hit the market with stratospheric gains. Pepe, ...

The Minister of Finance Makis Keravnos participated in the work of the Economic and Financial Affairs Council (ECOFIN), which ended on Tuesday afternoon in Brussels. According to an announcement by ...

Turkey’s market rout deepened on Tuesday amid investor expectations that President Tayyip Erdogan could be able to extend his rule – and his unorthodox economic policies – into a third decade. ...

Tesla Inc CEO Elon Musk will be under pressure to address investor concerns about the lack of a clear successor, softening demand and delays of some new models when he ...

European Union states on Tuesday gave the final nod to the world’s first comprehensive set of rules to regulate cryptoassets on Tuesday, piling pressure on countries such as Britain ...

The Cypriot economy maintained its strong momentum in the first quarter of 2023, with the GDP showing a growth rate of 3.4 per cent on an annual basis. However, there are signs ...