#BusinessPick

The Turkish lira weakened as much as 2.8 per cent to a fresh record low early on Friday, extending losses as the central bank’s large rate hike a day earlier, ...

The Central Bank of Cyprus (CBC) this week released an updated report indicating a significant reduction in non-performing loans (NPLs) by €105 million, a drop of 4.6 per cent of the total ...

The CFA Society Cyprus, a local chapter of the CFA Institute, on Thursday, presented its priorities regarding developments in the Cypriot economy and its key action pillars through strategic partnerships ...

The Nicosia tourism board (Etap) announced this week that it is participating in the Food Zone project, which aims to support the skills of food producers, SMEs, and the local ...

Bahrain’s state investment fund Mumtalakat is buying preference shares and warrants worth 400 million pounds ($510.48 million) in carmaker McLaren from Saudi Arabia’s Public Investment Fund (PIF) and Ares Management (...

In commemoration of World Seafarers’ Day, the Cyprus Shipping Chamber (CSC) this week organised its first blood donation event of the year, a tradition it has maintained for the past 30 ...

President Nikos Christodoulides on Thursday presided over a roundtable discussion at the Presidential Palace with foreign investors, jointly organised by the government and national promotional agency Invest Cyprus. The event ...

Cyprus Airways this week announced that it is upgrading its fleet with the advanced A220 aircraft, which offers increased efficiency and further enables the company’s direction toward improved sustainability. ...

The Bank of England raised interest rates by a bigger-than-expected half a percentage point on Thursday after it said there had been “significant” news suggesting British inflation would take longer ...

Brexit has been an “economic disaster” for trade and investment ties between the United Kingdom and Germany, leading to a fall in German direct investment and seeing the UK decline ...

A group of Credit Suisse AT1 bondholders has filed a class action suit accusing former executives at the Swiss bank, including three past chief CEOs, of being responsible for the ...

Turkey’s central bank is expected to raise its policy rate sharply on Thursday in a strong signal that re-elected President Tayyip Erdogan has accepted some steps toward economic orthodoxy ...

The Career Success Centre at the University of Nicosia recently concluded a series of highly successful career exhibitions, focusing on the fields of business administration, health sciences, accounting, informatics, and ...

The net interest income of the Cypriot banking system nearly doubled in the first quarter of 2023 compared to the corresponding period last year, showing an increase of 85.7 per cent or €182.71 ...

British house prices increased by 3.5 per cent in the 12 months to April, the Office for National Statistics (ONS) said on Wednesday, slowing from the 4.1 per cent rise in March. London ...

Saudi Arabia has allocated $7.8 billion worth of investments for Expo 2030, state news agency SPA reported earlier this week. “I highlighted the Kingdom’s investment of $7.8 billion in the Expo and ...

The German economy will contract more than previously expected this year as sticky inflation takes its toll on private consumption, the Ifo Institute said on Wednesday while presenting its forecasts. “...

Payments company Mastercard (MA.N) on Wednesday launched a global project to recycle credit and debit cards as part of a plan to save the billions of cards in circulation ...

British inflation defied predictions of a slowdown and held at 8.7 per cent in May, putting yet more pressure on the Bank of England a day before it is expected to ...

The Cyprus Chamber of Commerce and Industry (Keve) this week announced that its business mission, led by Deputy Minister of Tourism Kostas Koumis, departed on Tuesday for the city of ...

British grocery inflation eased slightly for the third month in a row in June, industry data showed on Tuesday, providing a modicum of comfort for consumers worn down by a ...

The European Commission plans to propose measures this year to address security risks posed by outbound investments as well as reinforcing export controls on goods that have both civilian and ...

Turkey raised monthly minimum wage by another 34 per cent beginning on July 1, the government said on Tuesday, bringing it to a net 11,402 lira ($483) for the second half of the year ...

Central Bank of Cyprus (CBC) governor Constantinos Herodotou on Tuesday addressed the annual general meeting of the Association of Cyprus Banks, touching on domestic economic developments, the resilience of the ...