Business

British lenders approved fewer mortgages than expected in November and consumer lending increased at the weakest pace since mid-2022, according to Bank of England data that chimed with other indications ...

Total deposits in Cyprus amounted to €54.8 billion in November 2024, according to the Central Bank of Cyprus’ monetary and financial statistics report released this week. In addition, the central bank’s ...

The retail trade turnover value index in Cyprus increased by 7.2 per cent in November 2024, compared to the same month in the previous year, according to a report released this week ...

Consulting and advisory firm PwC Cyprus on Thursday announced that it has published its new tax guide for 2025. “The guide serves as an important source of information on all tax-related ...

Lending to eurozone companies and households grew at a modest pace in November, pointing to a lacklustre end of the year for the bloc’s economy, European Central Bank data ...

British factory activity shrank at the fastest pace in 11 months in December and manufacturers cut staffing levels due to higher taxes and weak foreign demand, a survey showed on Thursday, ...

The Bank of England said on Thursday it had allotted 46.180 billion pounds ($57.49 billion) at its first short-term repo of 2025, the second-highest amount on record and up from 38.075 billion pounds at ...

Sterling dropped to a near-nine month low against the dollar on Thursday, hurt by the US currency’s relentless rise on expectations of dollar-supportive policies from incoming President Donald Trump ...

Tesla (TSLA.O) reported its first decline in annual deliveries on Thursday, as the automaker handed over fewer-than-expected electric vehicles in the fourth quarter and incentives failed to boost demand ...

The Cyprus Chamber of Commerce & Industry (Keve) on Thursday released a statement congratulating Thomas Kazakos, the director general of the Cyprus Shipping Chamber (CSC), on his appointment as secretary-general ...

Consulting and advisory firm PwC Cyprus on Thursday announced that it has published its new tax guide for 2025. “The guide serves as an important source of information on all tax-related ...

With an incredible 14,250% ROI in 2021, Polygon (POL) shot to $2.92 and set a standard for an Ethereum-based altcoin, Rexas Finance (RXS). Priced at just $0.175 in its presale as of writing, Rexas ...

The consumer price index (CPI) in Cyprus closed 2024 with a year-on-year increase of 1.8 per cent, while inflation saw a rise in December, according to a report from the state’s ...

The Cyprus Employers and Industrialists Federation (Oev) has issued a call for applications for its members to participate in a business conference and B2B meetings set to take place ...

Sir Stelios Haji-Ioannou, founder of the easyGroup and the Stelios Philanthropic Foundation, on Thursday announced the launch of the 15th annual Stelios Bicommunal Business Cooperation Awards. This year, the initiative ...

The utilisation of liquefied natural gas (LNG) brought onshore at Vasiliko could reduce electricity bills by as much as 35 or 40 per cent, energy expert Dr Charles Ellinas said on Thursday. ...

Casino revenues in Macau, the world’s biggest gambling hub, soared by nearly a quarter in 2024 but still came in short of pre-pandemic levels, underlining the need for the former ...

Investors are expecting more gains for the US stock market in 2025 after two straight standout years, fueled by a solid economy supporting corporate profits, moderating interest rates and pro-growth policies ...

US planemaker Boeing (BA.N) is on track to be the biggest loser of 2024 in the Dow Jones Index, tumbling 32 per cent as it bounced from one crisis to another. ...

Bitcoin more than doubled in 2024 driven by the US markets regulator’s approval for exchange-traded funds tied to its spot price, and optimism over easing regulatory hurdles with Donald Trump ...

Oil prices are likely to be constrained near $70 a barrel in 2025 as weak demand from China and rising global supplies are expected to cast a shadow on OPEC+-led efforts ...

The award of this year’s Nobel Prize in economics to Acemoglu, Johnson and Robinson highlights a fundamental aspect of the global economy, notably inequality between countries. The three scientists ...

The Cypriot economy demonstrated remarkable resilience in 2024, achieving a growth rate of 3.7 per cent despite persistent geopolitical and internal challenges. Tourism, construction, and the wholesale and retail trade sectors have ...

World stocks held steady on Tuesday in cautious year-end trading that has seen investors bracing for the incoming Donald Trump administration by scaling back bets on deep US interest rate ...