#business

Banks typically trim jobs towards the end of the year, but 2022 has seen a bigger wave of redundancies and layoffs. Rising cost pressures as a result of inflation and shrinking ...

Ports for planes and ships are gearing up for the era of sustainable fuels and renewable energy. By Michael Allen If the European Union is to meet its net-zero targets ...

International technology company Huawei has signed a global commitment to join the International Telecommunication Union’s (ITU) Partner2Connect digital alliance, it announced on Thursday. This will enable Huawei to ...

Cyprus’ general government posted a surplus of €556.4 million for the period between January and October 2022, according to the preliminary financial results published this week by the Cyprus Statistical Service (Cystat). ...

Interest rates on deposits in Cyprus have experienced a slight increase, while interest rates for housing and consumer loans have decreased, according to a report published on Friday by the ...

By Charles Ellinas When it comes to the main objective of COP summits, to stabilize greenhouse gas concentrations ‘at a level that would prevent dangerous anthropogenic (human-induced) interference with the ...

The US Chamber of Commerce and 12 other groups on Thursday warned the European Union against adopting rules that could exclude Amazon (AMZN.O), Alphabet (GOOGL.O) unit Google, Microsoft (MSFT....

Inflation in Cyprus rose to 8.7 per cent in November 2022, according to a report released on Friday by the Cyprus Statistical Service (Cystat). Meanwhile, the Consumer Price Index rose by 0.54 points ...

Finance Minister Constantinos Petrides on Friday addressed the House plenum during his presentation of the government’s economic policy for the coming year, saying that the current administration is submitting ...

Wargaming Group Limited on Friday announced that on November 30 2022, it reached an agreement to sell a holding of 13.41 per cent (55,337,721 shares) in Hellenic Bank Public Company Limited (“Hellenic Bank”) to ...

Dec 1 (Reuters) – 2022 has been a rough year for the crypto industry. The price of bitcoin has dropped 65 per cent since the start of the year, the cryptocurrency Luna suffered a ...

NatWest (NWG.L) has offered the bulk of its 41,500 staff in Britain a pay rise and one-off cash sum to help them cope with soaring prices, after a backlash from ...

JPMorgan (JPM.N) will join HSBC (HSBA.L) in storing bullion for the world’s biggest gold-backed exchange-traded fund (ETF), the fund’s operator said on Thursday, ending its rival’...

Leading indicators for the second half continue pointing to a slowdown in growth due to the weakening foreign demand, the Turkish central bank said on Thursday, a week after it ...

British airline easyJet (EZJ.L) is expected to respond to demands for higher pay from French unions by early next week at the latest, a union representative said on Thursday. ...

National investment agency Invest Cyprus held its annual general meeting on Wednesday, with Finance Minister Constantinos Petrides in attendance, cementing the positive relationship between the government and the organisation. The ...

Cyprus recorded a GDP growth rate of 5.5 per cent in real terms during the third quarter of 2022, compared to the corresponding quarter of 2021, according to a report released on Thursday ...

The Association for the Protection of Borrowers (Syprodat) this week met with the Cyprus Chamber of Commerce and Industry (Keve) in order to discuss a range of issues, including the ...

J.P. Morgan Private Bank has invested in two Swiss fintech companies that specialise in software that helps advisers customise portfolios for wealthy clients in Europe, the Middle East, Latin ...

BlackRock Inc (BLK.N) Chief Executive Larry Fink said on Wednesday that there appear to have been “misbehaviours” by the now-bankrupt FTX crypto exchange, but that the technology behind crypto ...

Oil prices dipped in Asia trade on Thursday as uncertainty lingered ahead of Sunday’s OPEC+ meeting, though easing COVID curbs at the world’s top crude importer China capped ...

The pound has pulled off its biggest monthly increase against the U.S. dollar since July 2020 in November, although its rally was eclipsed by peers such as the yen and ...

Eurobank on Thursday said that it has increased its stake in Hellenic Bank to 26 per cent, having now made an agreement for the acquisition of a 13.4 per cent share that ...

A Democratic senator and chair of a key committee on Wednesday pressed US Treasury Secretary Janet Yellen for help in securing legislation to better regulate cryptocurrency, the latest sign of ...