Business

Britain’s ASOS Plc (ASOS.L) flagged a one-time impairment charge exceeding $200 million in fiscal 2025 due to the “mothballing” of its Atlanta distribution centre on Wednesday, as the online fashion ...

The top analyst has identified a bold answer as to why Cardano(ADA) will have a hard time hitting $18 and found another token that could achieve that easily. The token ...

The Cyprus Consumers Association (CCA) recorded thousands of consumer complaints in 2024, marking a 24 per cent increase compared to the previous year. The association’s annual report, released on Wednesday, showed ...

Building permits in Cyprus saw a sharp decline in July 2024, with only 97 permits authorised, it emerged on Wednesday. This marks a stark contrast to the 604 permits issued in July 2023, according ...

The pound held steady on both the dollar and euro on Wednesday as the relief investors felt from a cooler-than-expected inflation print that sparked a rally in gilts outweighed the ...

The Cyprus Chamber of Commerce and Industry (Keve) has appointed Emilios Michael and Andreas Andreou as its new deputy secretary generals. Emilios Michael, who previously served as director of labour ...

Spain’s decision to impose steep taxes on non-EU property investors using platforms like Airbnb has sparked debate over whether countries like Cyprus and Greece will benefit from the shift ...

The housing plan offering financial assistance to young couples under 41 has been relaunched with improved criteria, Interior Minister Constantinos Ioannou announced on Wednesday. Following a cabinet meeting, Ioannou explained that ...

The cryptocurrency market is witnessing a wave of innovation taking its toll on old players like Avalanche (AVAX) and Dogecoin (DOGE). But, there is a new entrant in the market, ...

Three proposed bills aimed at enhancing consumer and business protection against abusive clauses in bank contracts will take centre stage in February as the House plenum prepares to vote on ...

The Cyprus federation of employers and industrialists (Oev) has announced the opening of applications for the 18th Cyprus Innovation Award Competition. “This longstanding event celebrates the ingenuity and creativity that ...

The Research and Innovation Foundation (RIF) has initiated a consultation for a new €10 million funding programme. The new programme, titled ‘STEP: Setting up facilities and production lines for manufacturing new ...

The Central Bank of Cyprus (CBC) has reported that the total post-tax profits of Cypriot banks reached €952.5 million for the first nine months of 2024, compared to €602.92 million at the end ...

The Central Bank of Cyprus (CBC) has announced an increase in the countercyclical capital buffer (CCyB) requirement for licenced credit institutions from 1 per cent to 1.5 per cent. The change, aimed ...

State-owned asset management company Kedipes this week provided updates on the implementation of the mortgage-to-rent scheme, revealing that approximately 25 rental agreements have been signed. In addition, the company said that ...

The Construction Production Index in Cyprus reached 110.92 points in the third quarter of 2024, with 2021 acting as the base year set at 100 points. This marks a 6.5 per cent increase compared to ...

The total value of non-performing exposures (NPEs) in Cyprus dropped to €1.6 billion by the end of September 2024, down from €1.7 billion in June. This decrease brought the NPE ratio to 6.5 per ...

No decision will be made for at least a couple of years on whether Britain will go ahead with a central bank digital currency for the general public, the Bank ...

The floating storage and regasification unit (Fsru), an integral component of the LNG project, is expected to remain in Malaysia for about two to three months, Energy Minister George Papanastasiou ...

Russia’s vast Arctic oil business is facing major disruption from US sanctions on its tankers and depots, stranding crude supplies previously snapped up by Asian buyers in storage, according ...

Bitcoin’s resurgence to $94,000 has reignited speculation about its potential to 5x in 2025, with reports of Donald Trump’s pro-crypto executive orders fueling optimism. These orders, expected to address restrictive ...

Andreas Demetriades, chairman of the Association of Large Investment Projects, emphasised the critical role of foreign investment in Cyprus’ development sector during the 2025 forecast presentation this week. He stated that ...

The British pound was poised to record a sixth consecutive day of decline against the dollar on Tuesday and hit a fresh 2-1/2-month low versus the euro as concerns ...

The total value of non-performing exposures (NPEs) in Cyprus dropped to €1.6 billion by the end of September 2024, down from €1.7 billion in June. This decrease brought the NPE ratio to 6.5 per ...