Business

The latin term ‘pari passu’ is used as terminology in legal, financial and other areas of everyday business and conveys the meaning of equal and proportionate treatment without priority. In ...

JPMorgan Chase’s third-quarter profit beat expectations as strong investment banking performance and rising interest payments offset a hit from bigger loan loss provisions, sending its shares up before the ...

Oil prices softened on Friday but were set for a second weekly gain as investors weighed the impact of hurricane damage on U.S. demand against any broad supply disruption ...

The pound was pinned around a one month low on the dollar on Friday, getting little support from data that showed Britain’s economy returned to growth in August. Sterling ...

Cyprus’ first natural gas extraction will most likely be from the Kronos reservoir in block 6, which may be in 2027, Energy Minister George Papanastasiou said in an interview to Kathimerini published ...

As the war between Hezbollah, Hamas and Israel rages on, Cyprus is playing an important role for evacuees from Lebanon. Positioned strategically close to the conflict zone, the island is ...

Volkswagen Group on Friday reported a 7 per cent decline in third-quarter global deliveries, showing how Europe’s car industry is facing tough challenges, including weak demand from China and high ...

Here are the top business stories in Cyprus from the week starting October 7: Cyprus’ ambitions to transform itself into a tech hub are facing significant challenges, as tech firms warn ...

U.S. stock index futures edged lower on Friday, ahead of the third-quarter earnings season kickoff, after hotter-than-expected September inflation data solidified expectations for a 25-basis-point rate cut by the ...

Britain’s economy grew in August after two consecutive months of stagnation, providing some relief to finance minister Rachel Reeves ahead of the new Labour government’s first budget later ...

Spain’s largest fashion companies will start collecting discarded clothes from April next year as part of a voluntary pilot scheme to manage textile waste that anticipates EU regulations expected ...

IKEA annual sales fell 5% after the Swedish budget homeware retailer cut prices in a bid to attract more shoppers and maintain its share of a shrinking home furniture market, but ...

Some 400 women in shipping from 40 different countries are currently participating in the 50th Anniversary World Congress of the Women’s International Shipping and Trade Association (WISTA International), which began on ...

The biggest shareholder in Sainsbury’s, the Qatar Investment Authority (QIA), is selling 306 million pounds ($399 million) worth of shares in the British supermarket group, reducing its holding by about 5 per ...

The 7th annual ‘Young Entrepreneurship Awards’, organised by Cyprus Chamber of Commerce and Industry (Keve) with support from the Ministry of Energy, Commerce, and Industry and Hellenic Bank, celebrated young ...

The University of Cyprus’ Centre of Excellence “Koios” has launched the “SPARROW” (Solid Preparedness and Resilience for Robust Operations during disaster Wilderness) project, aaimed at enhanced disaster resilience for Europe. ...

The current market sentiment isn’t really favoring the memecoin sector. While Dogecoin (DOGE) was a target of yesterday’s broader market shift, Shiba Inu (SHIB) is taking the heat ...

Some 400 women in shipping from 40 different countries are participating in the 50th Anniversary World Congress of the Women’s International Shipping and Trade Association (WISTA International), which started on Thursday ...

CEO Elon Musk showcased on Thursday a long-awaited robotaxi with two gull-wing doors and no steering wheel or pedals and surprised with robovan, betting on a shift in focus from ...

Further deliberation is needed over the energy minister’s proposal to create a state-owned electricity grid company, EAC board director Giorgos Petrou said on Friday, after a preliminary meeting. The ...

DTX Exchange (DTX) has gained the attention of crypto enthusiasts who want to revolutionize the trading exchange industry. Market disruptors in any industry always give alpha returns if found in ...

The global economy could face losses of $14.5 trillion over a five-year period from a hypothetical geopolitical conflict which hits supply chains, insurance market Lloyd’s of London (SOLYD.UL) said ...

The Governor of the Central Bank of Cyprus (CBC), Christodoulos Patsalides, has called on banks to weigh both social considerations and the need to bolster the competitiveness of the economy ...

Britain’s housing market recovered further last month, according to property surveyors who said house prices, sales and enquiries rose, but pressure in the rental sector intensified as tenant demand ...