#BusinessPick

President-elect Nicos Christodoulides this week said that he is ready to work closely with the Employers and Industrialists Federation (OEV) in order to mutually tackle the challenges facing the Cypriot ...

Switzerland sent 58.3 tonnes of gold worth 3.3 billion Swiss francs ($3.6 billion) to Turkey in January, by far the most for any month in records stretching back to 2012, Swiss customs data showed ...

Saudi Arabia will make a $1 billion deposit in Yemen’s Aden-based central bank on Tuesday, Saudi Arabia’s state news agency SPA said, as the government there struggles with a ...

Until recently, Brett Schickler never imagined he could be a published author, though he had dreamed about it. But after learning about the ChatGPT artificial intelligence program, Schickler figured an ...

Real estate company Altia on Wednesday announced that it has officially started its operations in the Cypriot market. The company highlighted the fact that it is the fastest-growing property company ...

The Finance Ministry on Wednesday announced that the Cabinet has approved a bill amending the Income Tax Law, allowing for an additional tax exemption, in the form of a capital ...

Trucks carrying Coca Cola roll across the border into Russia, tourists return from abroad laden with Zara’s latest designs, and local online marketplaces snap up IKEA’s furniture stocks. ...

Turkey’s central bank used $7 billion of reserves in the last two weeks to help steady the lira in the aftermath of devastating earthquakes, and reserves could remain under pressure ...

Toyota Motor Corp (7203.T), the world’s biggest automaker, said on Wednesday it would accept a union demand for the biggest base salary increase in 20 years and a rise in ...

Bond investors are starting to trim holdings of US debt to brace for a possible government default that they see as highly unlikely but potentially seismic for financial markets around ...

Cyprus’ trade deficit increased by 38.9 per cent between January and November 2022, reaching €6.8 billion compared to €4.9 billion in the corresponding period of 2021, according to a report released this week by the ...

The world of stablecoins is suddenly looking shaky. Seismic shifts may be afoot in the $137 billion market after New York-based Paxos Trust Company, which mints Binance’s stablecoin, said it ...

Eytan Morgenstern is facing a very expensive dilemma. The 36-year-old public relations professional has an opportunity to check something off his life ‘bucket list’: Seeing his favorite band, Metallica, play ...

Brent oil fell on Tuesday as concern about a global economic slowdown that would reduce demand prompted investors to take profits on the previous day’s gains, outweighing supply curbs. ...

The rouble weakened on Tuesday despite increased demand for the currency ahead of month-end tax payments as President Vladimir Putin prepares to update Russia’s political and military elite on ...

Luxury carmaker Jaguar Land Rover said on Tuesday it is opening three new engineering hubs in Europe to develop autonomous vehicle technologies as part of its partnership with Silicon Valley ...

Tough capital rules for banks holding cryptoassets must be fast-tracked in the European Union’s pending banking law if Europe wants to avoid missing a globally-agreed deadline, the bloc’s ...

Grant Thornton Cyprus, one of the leading tax and specialist advisory services firms on the island, on Monday announced that it has struck a deal that will result in increased ...

Tesco, Britain’s biggest retailer, will raise hourly pay for about 220,000 store workers by 7 per cent from April, another increase that will likely catch the attention of the Bank of ...

Telecoms gear maker Ericsson (ERICb.ST) plans to cut about 1,400 jobs in Sweden as part of a broader plan to reduce costs globally, it said on Monday. The company had ...

Oil prices rose on Monday amid optimism over China’s demand recovery, concerns that underinvestment will crimp future oil supply and as major producers keep output limits in place. Brent ...

Average asking prices for British residential property rose by just 14 pounds ($17) in February from January, the smallest rise on record for a month which normally sees a big seasonal increase, ...

Shipping and logistics group A.P. Moller-Maersk (MAERSKb.CO) has agreed to sell its two logistics sites in Russia to IG Finance Development Limited, it said on Monday, nearly marking ...

Slow German government export approvals are holding up Airbus Defence & Space (AIR.PA) defence exports worth several billions of euros, the company’s chief executive said on Sunday, urging ...