Cyprus Business News

Turkey’s inflation jumped to 16.19 per cent in March, the Turkish Statistical Institute announced on Monday, rising for a sixth straight month after the sharp decline of the lira. The ...

In August, the price of an ounce of gold broke through the key resistance level of $2,000. Now it’s fallen back to about $1,700 per ounce. Does this mean that gold ...

Part II: Natasa Pilides, minister for energy, commerce and industry, has kindly conceded to Dr. Charles Ellinas and Andrew Rosenbaum a major update on energy policy and legislation. The Minister ...

Tesla Inc on Friday posted record deliveries for the January to March quarter, beating Wall Street estimates, as solid demand for less expensive models offset the impact of a global ...

A hacker is offering information on more than 500 million Facebook Inc users – including phone numbers and other data – virtually for free. News of the latest leak here was first reported ...

Ed Sheeran earned more than £7 million in royalties from “The Shape of You.” Wouldn’t you like to get a piece of that? Dolly Parton is still collecting royalties from ...

Natasa Pilides, minister for energy, commerce and industry, has kindly conceded to Dr. Charles Ellinas and Andrew Rosenbaum a major update on energy policy and legislation. The Minister addresses nearly ...

There have been global repercussions from the recent block of the Suez Canal for six days by a stranded container vessel. The Suez Canal Authority is claiming $1 billion in damages, ...

Europe, under fire for fumbling its vaccine roll-out and fighting a fresh wave of infections, is scrambling to speed up the pace of injections and avoid being left further behind ...

The EU’s former chief Brexit negotiator Michel Barnier has called for a ceasefire in the vaccines war between Brussels and the UK. In a speech in Zurich marking the ...

The Lebanese are queuing up to visit Cyprus, even though many can barely afford it. As of April 1, Cyprus will place Lebanon in the “Red” category of the international system ...

Lockdown restrictions have been partially lifted, and many have predicted a major increase in spending, but many service businesses remain unconvinced. “There is some movement, but we are waiting to ...

Mergers and acquisitions (M&A) activity surged globally in the first quarter of 2021 to a year-to-date record, as companies and investment firms rushed to get ahead of changes in ...

The International Air Transport Association (IATA) on Wednesday said the first version of its ‘Travel Pass’ platform will be made available on Apple Store on April 15th. There is no ...

Ryanair is to resume flights to and from Cyprus from April. This summer will be a ‘win-win’ for Ryanair working with Hermes Airports, Maria Kouroupi, senior manager Aviation Development, Marketing ...

Johnson & Johnson said on Wednesday it had found a problem with a batch of drug substance for its Covid-19 vaccine, which did not meet quality standards at Emergent Biosolutions’ ...

The Turkish lira has fallen to 9.75 to the euro at this writing, close to a record low. The lira is at 8.33 to the dollar; the record low is 8.53. The British ...

In the EU, 26 out of 27 Member States are struggling with vaccine shortages and irregular delivery, a report from the Stockholm-based European Centre for Disease Prevention and Control warned on Wednesday. ...

On March 24, the government announced changes to the offer for a ‘Golden Visa,’ – Cyprus residency in exchange for investment, but no passport. However the new offer is little changed from ...

Global banks may lose more than $6 billion from the downfall of Archegos Capital, sources familiar with trades involving the US investment firm said on Monday, and regulators and investors fear ...

“Recalculating,” as the GPS often tells us when we are driving, may be our best career strategy after a year of uncertainty. Roadblocks or jams may lie ahead, but the ...

Covid-19 vaccines developed by Pfizer Inc with BioNTech SE and Moderna Inc reduced risk of infection by 80 per cent two weeks or more after the first of two shots, according ...

Talks on the EU Common Agricultural Policy (CAP) reform held on March 26 broke down over questions like “what does a farmer do” and payment for performance. The CAP accounts for ...

Eurobank has remained in profit for the fiscal year of 2020 despite the difficult conditions posed by the pandemic. Profit after taxes for the fiscal year was €40.1 million, down from €44,5 million ...