#BusinessTop

The European Union has proposed a phased embargo of Russian oil, tightening its sanctions on Moscow for its invasion of Ukraine. What would the impact be of banning Russian barrels ...

President Anastasiades earlier this week said that Turkey’s ban on Cyprus-flagged vessels is an ongoing source of frustration for the local shipping industry, labelling the embargo a ‘thorn in ...

Oil prices bounced on Wednesday ahead of an announcement by the US Federal Reserve and further sanctions on Russia by the European Union, offsetting demand worries in top importer China. ...

Cyprus Chamber of Commerce and Industry (Keve) president Christodoulos Angastiniotis earlier this week said that the local businesses are now focused on enduring the current economic crisis. “The business community’...

Oil prices slipped on Tuesday in a second day of thin trading in Asia, pulled in opposite directions by China’s COVID-19 lockdowns, which could weigh on fuel demand, and ...

US natural gas production growth is waning at the same time many countries are looking for new suppliers to help break their dependence on Russian gas after Moscow’s invasion ...

European stocks suddenly fell on Monday before partly recovering in what brokers described as a “flash crash” or an erroneous trade on a day where a holiday-thinned trading activity. The ...

Qantas Airways Ltd (QAN.AX) is set to announce a landmark order for Airbus SE (AIR.PA) A350-1000 jets capable of nonstop flights from Sydney to London as part ...

Russia made what appeared to be a late U-turn to avoid a default on Friday, as it made a number of overdue interest payments in dollars on its overseas bonds, ...

Adolfo Laurenti, Principal European Economist for multinational financial services firm Visa, earlier this week participated in an event co-hosted by the Cyprus Economic Society, as well as the Cyprus Association ...

As Germany speeds up investment in renewables, the energy consumption of its carmakers reveals just how reliant the country’s most important industry is on fossil fuels, a Reuters analysis ...

Tourist arrivals to Cyprus in March 2022 amounted to 128,840, with arrivals for the first quarter of the year reaching 244,705, according to data released on Thursday by the Cyprus Statistical Service (Cystat). ...

The euro’s drop to a five-year low is rekindling the possibility the currency will reach parity versus the dollar for the first time in two decades, as fears of ...

The Paphos branch of the association of hospitality venues (Sikap) on Wednesday announced that venue capacity in Polis Chrysochous reached 60 per cent during April. Ntinos Paraskeva, one of the association’...

The rouble strengthened on Wednesday after Russia said it had halted gas supplies to Bulgaria and Poland, firming to a more than two-year high against the euro in Moscow trade ...

Tesla Inc (TSLA.O) lost $126 billion in value on Tuesday amid investor concerns that Chief Executive Elon Musk may have to sell shares to fund his $21 billion equity contribution to ...

The hotel occupancy rate in the Paphos district during the Catholic and Orthodox Easter period stood at 60 per cent, according to the president of the Paphos hoteliers association (Pasyxe) Thanos ...

The cost of living crisis in Britain will have a severe impact on economic growth this year but the Bank of England will still lift interest rates again next week, ...

Elon Musk clinched a deal to buy Twitter Inc TWTR.N for $44 billion cash in a transaction that will shift control of the social media platform populated by millions of ...

A sharp drop in graphic chip prices could presage an unexpectedly quick ending to a global chip crunch that has crippled manufacturing from smartphones to cars, and the issue will ...

European Central Bank policymakers are keen to end their bond purchase scheme at the earliest possible moment and raise interest rates as soon as July but certainly no later than ...

In April 2021, Russia’s financial intelligence unit met in Moscow with the regional head of Binance, the world’s largest crypto exchange. The Russians wanted Binance to agree to hand ...

The global smartphone market has been hit by adverse business conditions, contracting by 11 per cent year-on-year in the first quarter of 2022, according to a report released this week by technology ...

By Yiannis Seitanides The revision of GDP figures at current prices for 2021, brought Cyprus’ GDP to an all-time high of €23.43 billion during the previous year. Moreover, during this time, the ...