Banking and Finance

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 ...

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 ...

Euro zone households are applying for loans in growing numbers for the first time in two years as they grow more optimistic about the economy and interest rates fall, a ...

Solutions must be in place to help ship owners with navigating the complex challenges of complying with the new FuelEU Maritime regulations, said Columbia Group. With the introduction of FuelEU ...

Shoppers are likely to spend roughly $14 billion during Amazon’s Prime Day two-day shopping event this week, according to projections from Adobe Analytics, a firm that studies e-commerce transaction data. ...

Global smartphone shipments rose 6.5 per cent in the second quarter, driven by Samsung Electronics and Apple, preliminary data from IDC showed on Monday, but a full recovery in demand is ...

Deputy Minister of Tourism Kostas Koumis is satisfied that the latest figures on tourist arrives indicate they would be at the same levels as 2023, a good year for the industry. ...

The Chartered Financial Analyst (CFA) Society Cyprus elected a new board of directors at this week’s AGM. Nikos Potamaris is the new board chiarman, succeeding Andreas Kleanthous, while Konstantinos ...

Representatives of Cyprus’ Research and Innovation Foundation (RFI) and the Japan Science and Technology Organisation (JST) recently met in Nicosia to establish collaborations in cutting-edge fields such as artificial intelligence, ...

The Central Bank of Cyprus (CBC) has reported a deceleration in the House Price Index (HPI) for houses and apartments in the first quarter of the year 2024. This trend is ...