International

Egypt’s gross domestic product (GDP) grew 7.7 per cent in the March to June quarter compared to a 1.7 per cent contraction in the same quarter last year, the cabinet said ...

The euro climbed to a one-month high against the dollar of $1.1857 on Wednesday after a survey showed strong European manufacturing growth coupled with inflationary pressure from supply-chain snarls. The euro ...

Cyprus must progress from lip-service to serious action if Cypriot consumers are ever to see serious reductions in their inexcusably high energy costs. Household electricity prices shot-up by 38 per cent ...

Turkey’s economy grew by a record 21.7 per cent in the second quarter from the same period in the previous year when it saw a sharp contraction.. But analysts were ...

British airline and holiday group Jet2 (JET2.L) unveiled a deal to buy dozens of Airbus jets worth $4.9 billion at list prices on Tuesday, switching loyalties from US planemaker Boeing (...

OPEC and its allies will likely stick to their existing policy of gradual oil output increases despite revising up the 2022 demand outlook and facing US pressure to raise production more ...

An ever-swelling amount of space debris is threatening satellites that hover around Earth, making insurers leery of offering coverage to the devices that transmit texts, maps, videos and scientific data, ...

Bank of Cyprus announced on Wednesday delivery of a robust performance in the first half of 2021: Revenue and profit is up, new lending has jumped to €894 million, and 96 per cent ...

Experts fear that Lebanon’s social stability will further deteriorate and violence increase in the near future in light of the shortage of basic commodities in the country and the ...

By Pavlos Loizou, Managing Director, WiRE-FS Demographic and social changes are impacting the international housing market, and of course that of Cyprus. In the US, large companies and high-net-worth individuals ...

A study by the European statistical service (Eurostat) has shown that 71 per cent of Cypriots have a generally favourable view of the quality of life in Cyprus. The study takes ...

September will account for more than one third of all remaining British travel for 2021, a survey released on Wednesday shows. A large percentage of these travellers will be seeking a ...

First Abu Dhabi Bank (FAB.AD) is expected to sell 250 million pounds ($344.38 million) in five-year bonds, a document showed on Tuesday. FAB, HSBC (HSBA.L), Standard Chartered (STAN.L) and ...

Shares of Zoom (ZM.O) slid more than 11 per cent in premarket trading on Tuesday, after the video conferencing company signaled a faster-than-expected drop in demand and analysts questioned its ...

British consumers curbed their borrowing in July in the face of rising COVID-19 cases that forced many more people to self-isolate, and homeowners made a rare net repayment on their ...

Ryanair has nudged up its passenger target for the autumn amid signs of a “very strong recovery” in European short-haul flights, Chief Executive Michael O’Leary told Reuters in an ...

The sizzling pace of house price rises in most major world housing markets since the pandemic began has likely peaked, but affordability is set to remain stretched or worsen in ...

FOO, a leading fintech provider in Lebanon, has opened an office in Nicosia. The company plans to expand in Cyprus and around Europe from its base here. by George Eid ...

When stay-at-home favourite Zoom reports quarterly results on Monday, Wall Street will look for details on how the video conferencing platform plans to attract more users as its meteoric growth ...

German airline Lufthansa aims to win back business travellers by increasing the number of flights and improving catering, an executive board member was quoted as saying on Sunday. Lufthansa is ...

Hungary has agreed with Russia on all the conditions for a new long-term gas supply deal to take effect from Oct. 1, Foreign Minister Peter Szijjarto said on his Facebook page ...

Some US fast-food restaurants are closing indoor seating areas or limiting hours of operation because of the spread of the Delta variant of COVID-19, according to franchisees. McDonald’s Corp (...

Turkey’s central bank has changed the criteria identifying short-term external debt, thus reducing the amount on its books by $25 billion, the bank announced in a statement last week. Short-term ...

Gita Gopinath, chief economist of the International Monetary Fund (IMF), has warned that recovering economies will be threatened by a ‘taper tantrum’ — meaning that interest rates rise in the US ...