#business

The World Bank has revised its 2023 economic growth projection for the oil exporters of the six-member Gulf Cooperation Council (GCC) downwards to 3.2 per cent in its latest update released on ...

The United States and Microsoft Corp (MSFT.O) reached a settlement on Thursday over the tech firm’s apparent violations of sanctions and export controls, which it disclosed voluntarily, the ...

Shares of Airbnb Inc (ABNB.O) fell as much as 6 per cent on Thursday after an online independent publication released a report that probed unpleasant experiences that customers had during ...

The Cyprus Statistical Service (Cystat) on Thursday reported a year-on-year drop in construction production during the fourth quarter of 2022, while producer prices in construction saw a significant annual increase of 11.1 ...

The Bank of Cyprus on Thursday announced the establishment of a Sustainable Bond Issuance Framework, with a strategic goal of supporting the nation’s shift towards a more sustainable operational ...

The collapse of crypto exchange FTX and its grant-making body, the FTX Future Fund, has left some researchers at top universities without the funds they were promised and others trying ...

Sibur, the largest producer and exporter of liquefied petroleum gas (LPG) in Russia, redirected exports to Africa, the Middle East and Asia in the past three months, industry sources said. ...

Global Finance Magazine recently released its annual list of the best banks in Western Europe for 2023, with Hellenic Bank taking the top spot in Cyprus. According to an announcement by ...

The Russian government on Wednesday said it had approved a deal for Spain’s Inditex (ITX.MC) to sell its Russian business to a UAE-based buyer, with some of its ...

The Finance Ministry’s Public Debt Management Office on Thursday announced that the Republic of Cyprus’ newly issued ten-year Sustainable Fixed Rate Reference bond, amounting to €1 billion, garnered immense interest, ...

Oil remained on track for weekly gains on Thurday, with further production cuts targeted by OPEC+ and a drop in US oil inventories overshadowing fears over global economic growth. Brent ...

The next monetary policy decisions on European Central Bank’s interest rates will be based on the incoming data, Philip Lane, chief economist and member of the ECB’s executive ...

For months, consumers have clamored for banks to pay out more for deposits as the Federal Reserve raised interest rates. Now analysts say after the banking crisis shook markets last ...

Crypto exchange Binance, which has been sued by US regulators, said this week that it is expanding services in inflation-hit Argentina, allowing users to buy and sell digital currencies directly ...

Complaints from consumers about banks and other financial firms in Germany rose by a fifth last year, official data shows, as regulators flex their muscles to shore up trust in ...

Cyprus recorded a €300 million surplus from operating and investing activities in 2022, according to the government’s fiscal report for the previous fiscal year, which was recently submitted for review to ...

The Association for the Protection of Borrowers (Syprodat) this week said that Cypriot banks have persisted with low deposit rates despite the ECB recently hiking the interest rate by 0.5 per ...

The House Price Index in Cyprus fell by 4 per cent during the fourth quarter of 2022, compared to the previous quarter, falling to 108.03 points, down from 112.51, according to a preliminary estimate ...

Exxon Mobil Corp’s (XOM.N) Low Carbon business has the potential to generate hundreds of billions of dollars in revenue and outperform the company’s traditional oil and gas ...

The Bank of Cyprus released its Pillar 3 Disclosures on Wednesday, April 5, which contained forward-looking statements regarding the group’s future financial condition, performance, and opportunities. The public disclosure requirements of ...

Dogecoin’s Shiba Inu dog replaced Twitter’s blue bird as the social media company’s logo on Monday, helping the meme coin add as much as $4 billion to its ...

European banks are increasingly turning to bespoke deals with investors such as hedge funds to offload some of the risk on multi-billion euro loan portfolios and improve their financial strength, ...

Johnson & Johnson (JNJ.N) has agreed to pay $8.9 billion to settle tens of thousands of lawsuits alleging that talc in its iconic Baby Powder and other products caused cancer, ...

ECB executive committee member and chief economist Philip Lane met with Central Bank of Cyprus (CBC) governor Constantinos Herodotou on Wednesday, after being invited by the latter to the island ...