#business

Oil prices rose on Thursday but were unable to claw back the more than 9 per cent decline during the previous three days as demand concerns in major consumers overrode signals ...

The Federal Reserve moved its management of the post-pandemic economic recovery into a new phase with what may be the last in a historic series of interest rate hikes and ...

The Paphos regional board of tourism (Etap) this week announced that it has successfully participated in a European programme for smart small-to-medium enterprises (SMEs), which will help to improve the ...

Greenspan Projects, a creative design and build specialist, on Wednesday, announced that it has been appointed to work on City of Dreams Mediterranean, a major project which will create one ...

Median pay for top US CEOs rose 7.7 per cent last year to a record $22.3 million, a new study found, as big stock awards helped the group stay ahead of inflation ...

Turkish annual inflation slowed to 43.68 per cent in April, official data showed on Wednesday, easing ahead of elections that polls show President Tayyip Erdogan risks losing largely due to a ...

Businesses that refuse to accept card payments can be fined up to €4,000, the tax department said on Wednesday. In its statement, the department refers to the relevant article of the ...

Government-led reforms and the growth of private investment in new sectors will help support non-oil economic growth in Saudi Arabia amid an expected sharp slowdown in overall growth this year, ...

AstroBank on Wednesday released its annual results for 2022, reporting strong profitability for the year, with net income reaching €12.2 million, and consequently increasing common shareholders’ equity to €203.7 million. According to ...

Turkey has agreed with Russia’s Gazprom (GAZP.MM) on deferring payment for part of the natural gas it imported after a surge in prices last year, Energy Minister Fatih ...

German airline group Deutsche Lufthansa (LHAG.DE) said it expected strong demand for holiday travel this summer to fill seats on its planes and help it reach its full-year targets. “...

A “salad crisis” affecting British supermarkets hit headlines earlier this year but shoppers across Europe and the Middle East seeking some basic groceries – from pasta to beer to toothpaste – are ...

National investment promotion agency Invest Cyprus on Wednesday released a statement summarising its activities at the Delphi Economic Forum, where a number of actions and initiatives helped to showcase investment ...

Twitter chief Elon Musk has “threatened” to reassign National Public Radio’s Twitter account to another company, the US-based broadcaster said on Tuesday. Musk suggested that he would reassign the ...

Hollywood writers have for decades penned sci-fi scripts featuring machines taking over the world. Now, they are fighting to make sure robots do not take their jobs. The Writers Guild ...

Household assets in financial instruments amounted to €59.7 billion at the end of December 2022, according to an announcement by the Central Bank of Cyprus (CBC) released on Tuesday. According to the ...

The Cyprus Chamber of Commerce and Industry on Tuesday announced that Winecore, a group of 15 Cypriot wineries, held its first wine dinner on April 26 at the Dionysus Mansion restaurant in ...

Euro zone banks are turning off the credit taps and a key gauge of inflation is finally falling, data showed on Tuesday, boosting the case for a smaller interest-rate increase ...

HSBC Holdings (HSBA.L) reported on Tuesday its quarterly profit tripled, beating expectations, as rising interest rates worldwide boosted the lender’s income and helped it pay a first quarterly ...

Thousands of film and television writers headed to picket lines on Tuesday for their first work stoppage in 15 years, sending Hollywood into turmoil and disrupting TV production as the industry ...

Can inherently volatile cryptocurrencies become safe-havens? Apparently they can in some parts of the world, such as Argentina and Turkey, where soaring prices and tumbling local currencies have forced people ...

The balance of deposits in Cyprus reached €51.9 billion in March 2023, while the balance of total loans amounted to €25.1 billion, according to a report published on Tuesday by the Central Bank ...

Hermes Airports, the consortium that manages and controls the island’s two International Airports, on Tuesday released a statement welcoming Jazeera Airways to Cyprus. Jazeera Airways, a low-cost carrier based ...

Cyprus has been identified as a “potential rising star” for the rise of its credit rating in the investment category, according to a report released on Monday by global rating ...