#BusinessPick

The market size of the global gaming industry as a whole reached $195.65 billion in 2021, according to a report by San Francisco-based market research and consulting company Grand View Research released ...

By Ioannis Tirkides The European Commission has recently published its spring forecasts for the European Union, for the bloc as a whole and also by country, over a two-year horizon. ...

Aptamil maker Danone SA (DANO.PA) has stepped up shipments of infant formula from Europe to the United States, according to US customs data and shipping consultancy Ocean Audit, which ...

The rouble extended recent gains on Friday and crossed the 60 mark against the dollar for the first time since April 2018, boosted by capital controls and domestic tax payments that usually ...

Oil prices fell on Friday as investors worried that weakening global economic growth and tighter central bank monetary policy could curb a recovery in fuel demand. Brent futures for July ...

The Price Index of Construction Materials reached a historically high level in April 2022, with the prices of construction materials rising by 24.54 per cent year-on-year, according to a report by the ...

The prospect of a Russia sovereign default is moving centre stage again with a deadline for a US license allowing Moscow to make payments expiring on May 25 and $100 million in ...

Soaring inflation, supply chain issues and the hit from the Ukraine war will bring an end to the growth boom India’s IT services industry enjoyed during the pandemic, J....

El Salvador’s big bet on bitcoin, which the Central American nation has been buying since September, has soured in recent weeks as a cryptocurrency rout shaved over a third ...

British Airways owner IAG (ICAG.L) said on Thursday it has agreed to order 50 Boeing (BA.N) 737 MAX jets for delivery between 2023 and 2027, in a vote of confidence in the ...

The World Bank said on Wednesday it will make $30 billion available to help stem a food security crisis threatened by Russia’s war in Ukraine, which has cut off most ...

The Cabinet of Ministers on Wednesday announced the approval of a 20 per cent tax cut for research and development projects. The tax cut is part of the broader strategy of ...

The growth rate of the Cypriot economy in the first quarter of 2022 remained positive, estimated to have risen by 5.8 per cent when compared to the corresponding quarter of 2021, according to ...

The positive year-over-year growth rate of the Cyprus Composite Leading Economic Index continues to slow down in April 2022. The index recorded a year-over-year increase of 2.4 per cent in April 2022, reaching ...

Japanese conglomerate Sony Group Corp (6758.T) said it is well-positioned to play a leading role in the metaverse, or immersive virtual worlds, which commentators speculate will massively disrupt industries and ...

Qatar’s $300 billion sovereign wealth fund plans to invest $5 billion in Spanish projects, the Gulf state’s ruler said late on Tuesday in a dinner held in his honour in ...

About 300,000 tonnes of Ukrainian wheat booked by Egypt’s state grains buyer for delivery in February and March is yet to be shipped, with one cargo stuck in port and ...

British inflation leapt last month to its highest annual rate since 1982, piling pressure on finance minister Rishi Sunak to step up help for households facing a worsening cost-of-living crisis. Consumer ...

Hermes Airports on Tuesday announced that in May a total of 223 flights across 55 destinations are operating on a weekly basis from Paphos International Airport. In more detail, Paphos Airport this ...

Paphos hoteliers association (Pasyxe) president Thanos Michaelides on Tuesday said that hoteliers are currently faced with two challenges,the difficulty of finding staff, but also the high cost of of ...

A unilateral pronouncement that the acquisition of Twitter Inc (TWTR.N) is “on hold”. Fierce criticism of the social media company’s handling of spam accounts. A “poop emoji” directed ...

The EU’s Spring Forecasts for 2022 and 2023 are in line with the latest projections of the finance ministry and once again demonstrate the resilience of the Cyprus economy in times ...

Russia became the fourth-largest oil supplier to India in April, with volumes set to rise further in coming months as low prices spur demand from the world’s No. 3 oil ...

Turkish house sales rose 38.8 per cent in April on the year to 133,058 houses, data from the Turkish Statistical Institute showed on Tuesday, with more than double the houses sold to ...