#business

The European Central Bank raised interest rates for the ninth consecutive time on Thursday and kept the door open to further tightening as stubborn inflation and a growing risk of ...

The tourism ties between Cyprus and China, the world’s most populous country, took centre stage at the “China-Cyprus Tourism Promotion Webinar”, which was held earlier this week. According to ...

Cyprus’ rental prices across all property types experienced a rise during the second quarter of the year, according to a report released on Thursday by Ask Wire, a Cypriot tech-informed ...

Seven major automakers on Wednesday said they were forming a new company to provide electric vehicle charging in the US, in a challenge to Tesla (TSLA.O) and a bid ...

Samsung Electronics (005930.KS) on Thursday said the worst is over for the global memory chip market but announced plans to extend production cuts because a demand recovery is largely constrained ...

The Biden administration is poised to increase outreach to western trading houses, insurers and tanker owners to remind them to abide by the Group of Seven’s price cap on ...

A look at the day ahead in European and global markets Is the most aggressive US hiking cycle in a generation finished? After Wednesday’s 25 basis point hike, markets seem ...

The Gen Y Innovation Network, the youth entrepreneurial arm of the UK-Cyprus Enterprise Council (UKCEC), in collaboration with the EPISTEME organisation, recently held an event titled ‘Tech Startups: Opportunities and ...

Debt management firm Themis Portfolio Management on Wednesday released a statement in which it reaffirmed its commitment to collaborate with borrowers to find quick, transparent, and consensual solutions for credit ...

The International Monetary Fund cut its 2023 GDP growth projection for Saudi Arabia to 1.9 per cent in its latest World Economic Outlook update released on Tuesday, to reflect the impact of ...

British luxury carmaker Aston Martin’s (AML.L) second-quarter results beat market expectations on Wednesday, powered by higher prices and demand for its DBX707 sports utility vehicle and limited edition ...

Deutsche Bank (DBKGn.DE) on Wednesday posted a 27 per cent fall in second-quarter profit as investment banking revenue slumped and warned of the need for cost cuts even though higher ...

A slide in the dollar and signs that volatility is returning to foreign exchange markets as interest-rate hikes bite is causing investors to reassess wildly popular carry trades and to ...

The Cyprus Securities and Exchange Commission (CySEC) this week announced a decision to impose a massive fine of €400,000 on the Cyprus investment firm Goldenburg Group Ltd. The commission explained that ...

The International Monetary Fund confirmed its latest forecast for British economic growth this year, saying cheaper energy, better relations with the European Union and calmer financial markets had improved the ...

Morgan Stanley cut Israel’s sovereign credit to a “dislike stance” on Tuesday after the country’s parliament passed the first in a series of laws sought by Prime Minister ...

Ariana Resources plc, a mineral exploration and development company listed on AIM, a market for small and medium-size growth companies on the London Stock Exchange, has announced a significant update ...

‘Relentless pursuit for success can lead to a sense of emptiness’ The ceaseless pursuit of success does not come without drawbacks, potentially resulting in business professionals, among other people, feeling ...

In an effort to strengthen their existing cooperation and explore opportunities in the realm of technology and cybersecurity, the Digital Security Authority and the Cyprus Chamber of Commerce (Keve) recently ...

The Republic of Cyprus’ government bond yields have recently shown signs of stabilisation, with the average weighted yield of July bonds reaching 3.64 per cent, compared to 3.61 per cent in the ...

Nestle (NESN.S) and Danone (DANO.PA) are among firms whose product prices in France have risen by more than 10 per cent this year, data shows, potentially putting them under ...

XRP has become the unlikely white knight of crypto, thwarting its regulatory foes and dragging the market out of the doldrums. The price of XRP popped 78 per cent after a ...

Cyprus’ Gross Domestic Product (GDP) growth rate and inflation rate are expected to reach 3 per cent, respectively, for 2023, consistent with the predictions made in May, according to a report released ...

After a successful annual general meeting held on July 17, 2023, the CFA Society Cyprus has introduced its newly elected board of directors for the term 2023-2024, led by the newly appointed ...