#business

The Governor of the Central Bank of Cyprus (CBC), Constantinos Herodotou, is in New York where he will participate in The Economist New York – Eastern Mediterranean Business Summit, which takes ...

An increasing number of countries are repatriating gold reserves as protection against the sort of sanctions imposed by the West on Russia, according to an Invesco survey of central bank ...

Saudi National Bank wanted to increase its stake in Credit Suisse to around 40 per cent from 9.88 per cent, but was prevented from doing so by Swiss regulator FINMA, Blick newspaper ...

Oil prices dipped in Asian trade on Monday as investors tread cautiously ahead of fresh economic data from top consumers the United States and China this week, though expected crude ...

Samsung Electronics Co Ltd (005930.KS) reported a likely 96 per cent plunge in second-quarter operating profit on Friday, largely in line with forecasts, as an ongoing chip glut drives large losses ...

US chipmaker Broadcom (AVGO.O) will invest in a European Union-funded programme to develop a semiconductor industry in Spain, Chief Executive Charlie Kawwas said late on Thursday. “Excited to announce ...

By Maria Demertzis The increasing interest in geoeconomics reflects a shift from designing economic policy based only on economic principles and objectives, to economic statecraft policies that aim to promote ...

Restaurants of fast food chain McDonald’s have dropped tomatoes from their burgers and wraps in many parts of India, hit by supply shortages and quality concerns after prices of ...

Here are the top business stories in Cyprus from the week starting July 3: Cyprus’ tourism revenue reached €217.6 million in April 2023, compared to €185.1 million in the same month of the previous ...

While the industry consumes lots of trees and produces plenty of waste, grass packaging and new construction materials point toward a more sustainable path. By Tom Cassauwers Switzerland is renowned ...

The metaverse, shared virtual worlds accessible through the internet, has not triggered any concerns so far or the need for legislation to rein it in, EU antitrust chief Margrethe Vestager ...

ChatGPT, the wildly popular AI chatbot launched in November, saw monthly traffic to its website and unique visitors decline for the first time ever in June, according to analytics firm ...

New corporate loans exceeding €1 million experienced a significant surge, totalling €599.1 million, in May 2023, driving the total amount of all new loans to €1.07 billion, compared to €473.9 million in the previous month. ...

President Nikos Christodoulides this week underscored the government’s commitment to the shipping industry and praised the multifaceted work of the Cyprus Shipping Chamber (CSC) during a formal meeting held ...

Record demand from India sharply increased Airbus (AIR.PA) orders in June to leave the European planemaker with 1,044 net orders in the first half of the year, data showed on ...

US auto safety regulators said on Thursday they are seeking updated responses and current data for an ongoing probe into 830,000 Tesla vehicles and the automaker’s advanced driver assistance system ...

Cyprus experienced a significant decline in inflation during June 2023, reaching its lowest level in the past 25 months, according to a report released this week. The inflation rate was measured at 1.9 ...

Oil prices rose on Friday and were on track for their second straight weekly gain, as resilient demand resulted in a larger-than-expected fall in US oil stockpiles, offsetting fears of ...

Deputy premier Saade Chami said on Friday that deputy governors of Lebanon’s central bank should run it if no governor is appointed by the end of the month, calling ...

The recently published European Innovation Scoreboard 2023 reveals that Cyprus has showcased robust innovation performance, positioning it as a strong innovator and above the European Union (EU) average. The report emphasises ...

British house prices fell last month in annual terms at the fastest rate in 12 years and soaring interest rates are likely to herald more weakness in the housing market, mortgage ...

Deputy Minister of Tourism Kostas Koumis described Saudi Arabia as a potentially significant tourism market for Cyprus. The minister’s comments were made during his visit to Saudi Arabia this ...

The number of registered unemployed individuals in Cyprus in June 2023 reached its lowest level in the past 17 months, according to seasonally adjusted data released this week by the state’s ...

The CYENS Centre of Excellence and the Cyprus University of Technology (Tepak) this week signed a cooperation agreement with the aim of further developing joint activities in the fields of ...