Business

Bank of England interest rate-setter Catherine Mann said she voted to keep borrowing costs on hold last week – having sought a big 50-basis point cut in February – because Britain’s ...

European Central Bank supervisors are asking some of the region’s lenders to assess their need for US dollars in times of stress, as they game out scenarios in which ...

Greece had the longest average weekly working hours in the European Union in 2024, according to data published this week by Eurostat. Greek workers spent an average of 39.8 hours per week ...

Cyprus is stepping up efforts to position itself as a gateway for Indian businesses expanding into Europe, a vision that is starting to take shape both strategically and on the ...

Cyprus has emerged as one of the standout performers in European tourism at the start of 2025, recording a 15.4 per cent increase in international arrivals compared to the same period last ...

Hellenic Bank on Wednesday announced a reduction in its base interest rate by 0.33 percentage points, from 1.75 per cent to 1.42 per cent, effective from May 16, 2025. “This move will benefit the majority ...

The Cyprus Securities and Exchange Commission (CySEC) this week issued two separate announcements relating to regulatory action and fund liquidation. In a decision made during its meeting on February 2025, the ...

Global asset managers held their biggest underweight position in the dollar in 19 years in May, as President Donald Trump’s chaotic trade policy cut investor appetite for US assets, Bank ...

Burberry (BRBY.L) shares surged 18 per cent on Wednesday after the British luxury brand announced plans to shed 1,700 jobs or around a fifth of its global workforce to cut costs ...

Agreements signed by US President Donald Trump and Qatar’s Emir Sheikh Tamim bin Hamad Al-Thani on Wednesday will “generate an economic exchange worth at least $1.2 trillion,” the White House ...

Bitcoin (BTC) has surged back into six-figure territory, surpassing the $100,000 mark for the first time since February. Meanwhile, XRP continues its rebound with analysts pointing to $3 as the next major ...

The battle to free nearly 10,000 “trapped buyers” in Cyprus is heating up, as banks and credit institutions voiced strong opposition to a new law proposal discussed on Wednesday in Parliament. ...

As 2025 approaches, crypto investors are no longer chasing hype — they’re chasing function. Projects built around real-world use cases are pulling ahead, and according to multiple analysts, one name standing ...

In a market saturated with speculation and short-term hype, Mutuum Finance (MUTM) is quietly building a case for long-term value. Still in its presale phase, the project has already raised ...

Turkey’s finance minister said the country’s economic transformation was on track and that the country was prepared to deal with slower growth. Finance Minister Mehmet Simsek said that ...

Airport security has always been a tough balancing act. On the one hand, the need to protect passengers, crew, and infrastructure has to be a priority. However, this has to ...

The Cyprus Investment Funds Association (CIFA) on Wednesday welcomed the latest results from the Cyprus Securities and Exchange Commission’s (CySEC) quarterly bulletin for the country’s funds sector for ...

Transport Minister Alexis Vafeades on Wednesday said that the evaluation of bids for the deepening of the Larnaca marina is currently under way, with work expected to begin soon. He ...

Cyprus’ online betting sector has come together to create Cyprus Online Gaming Association (COGA), according to an announcement released on Wednesday. The announcement said that the new association marks an ...

Cyta marked World Telecommunications Day with a dedicated conference on women in science, technology, engineering, arts and mathematics (STEAM), aligning this year’s global theme — Gender Equality in Digital Transformation — ...

Plans are under consultation to rebuild a restaurant at Lady’s Mile beach, demolished in 2012, as part of broader updates to the planning framework for the British Bases. The proposal, ...

Vital energy infrastructures, such the Great Sea Interconnector (GSI) between Israel, Greece and Cyprus, must be protected and the European states need to cooperate in this regard, Energy Minister George ...

Cyprus’ environment department has rejected plans for a 33-turbine wind farm near two protected Natura 2000 zones, citing irreversible damage to wildlife habitats and increased threats to vulnerable species. The proposed 49.5...

The Nicosia tourism board (Etap) on Wednesday announced its participation in the IndusTour project under the Interreg Europe programme, a new European initiative aimed at promoting industrial tourism across six ...