Banking and Finance

The Cyprus Children’s and Young People’s Book Society, supported by Hellenic Bank, successfully wrapped up its innovative reading initiative titled ‘The Furry Book Club’. This year, both children ...

If you’re in a financial crunch, one of the best ways to secure fast cash is to understand how no credit check loans online work. These loans offer a ...

Bank of Cyprus (BoC) now lets you make direct transfers in euros to the 36 countries of the SEPA zone (European Economic Area) in real time, with the funds immediately available ...

The European Central Bank (ECB) recently kept interest rates at their current levels but indicated that the September meeting is “wide open” as it downgraded its economic outlook for the ...

Finnish telecom equipment maker Nokia said on Thursday its operating profit fell 32 per cent in the second quarter because of continued weak demand for 5G telecom equipment but forecast a ...

Netflix likely added the fewest number of subscribers in five quarters during April-June as sharp gains following a crackdown on password sharing ebbed and viewer attention moved to summer sporting ...

German sportswear maker Adidas is increasing its full-year earnings guidance after a better than expected second quarter, it said on Tuesday, in its second upgrade this year. The success of ...

Here are the top business stories in Cyprus from the week starting July 15: Deputy Minister of Research, Innovation and Digital Policy Nicodemos Damianou used his participation at a recently held ...

No self-respecting board would pay a company’s CEO entirely in cash. Yet for directors themselves, at least in Europe, it’s the norm. Non-executive board members in London, Amsterdam ...

Capital One will commit $265 billion over five years to lending, philanthropy and investment if its takeover of Discover Financial Services goes through, the bank said on Wednesday, as it aims ...

The Body Shop entered into an exclusivity agreement with a consortium led by investment firm focused on beauty and personal care Auréa group, the joint administrators of the struggling ...

HSBC Holdings Plc has appointed its Chief Financial Officer Georges Elhedery as its next CEO, the bank said on Wednesday, opting for continuity as it tries to kickstart growth. Elhedery, 50, ...

Pernod Ricard said on Wednesday it agreed to sell the majority of its wine portfolio to the owners of Australia’s Accolade Wines, disposing of a dragging division to focus ...

Starting with the consumer goods market, the latest data from the Consumer Product Price Watch, released by the Consumer Protection Service, highlights a significant uptick in prices. In June, 28 out ...

British house prices rose for a third month in a row in May, increasing by an annual 2.2 per cent after a 1.3 per cent rise in April, the Office for National ...

Deputy Minister of Tourism Kostas Koumis met with groups representing the wine and gastronomy sectors to discuss the promotion of local culinary and wine traditions. The meetings included representatives from ...

Cypriot real estate market analytics firm Ask Wire on Friday released its Q2 2024 edition of the Ask Wire Index, detailing property sale and rental values across the island. The Index, ...

In June, 28 out of 45 basic product categories saw price increases, with 24 of these categories rising by less than 3 per cent from the previous month. This information comes from the Consumer ...

If Alphabet’s Google is successful in its effort to buy cloud security company Wiz, it would bolster its cloud security offerings for large organisations, a hotspot for hackers, and ...

In June, Cyprus’ annual inflation rate, as measured by the Consumer Price Index (CPI), remained steady at 3 per cent, mirroring the previous month’s figure. Notable price increases were observed ...

Shares of Warner Bros Discovery rose more than 6 per cent on Tuesday after Bank of America (BofA) Global Research said the company could create more value for its shareholders if ...

General Motors on Monday declined to reiterate its previously announced forecast that it would have 1 million units of electric vehicle production capacity in North America by the end of 2025. A ...

Building material prices have decreased, according to data released by the Cyprus Statistical Service (Cystat) The Construction Materials Price Index for June 2024 stood at 117.47 points (with 2021 as the base year ...

The Polish airline LOT has announced the resumption of its flights to Larnaca Airport, with four per week during the winter season. According to a press release from the deputy ...