Business

The Bank of England will start cutting interest rates in August, according to all but two of 65 economists polled by Reuters, and most of them expect at least one more ...

Gold’s lightning rally to successive record highs shows every sign of continuing in the second half of 2024 as the fundamental case for bullion remains firmly in place, though $3,000 per ...

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides on Wednesday opposed the imposition of a windfall tax, emphasising that such a tax would harm the economy by disrupting the necessary ...

The Office of the Commissioner for State Aid Control has advocated that Cyprus’ energy isolation and high energy costs, combined with other unique challenges related to the island’s energy ...

The European Commission notified car makers on Wednesday that it would apply additional duties of up to 38.1 per cent on imported Chinese electric vehicles from next month, a move likely ...

Dogwifhat (WIF) has seen a decline in value of 15% which has sent investors in a diversification spree, where Solana (SOL) and Rollblock (RBLK) have seen an increase in volume during ...

The international use of the euro remained broadly stable in 2023, with its share across various indicators of international currency use staying above 19 per cent. This stability, close to the average ...

The Cyprus Chamber of Commerce and Industry (Keve), in conjunction with the Cyprus-Israel Business Association and the Embassy of Israel, has released a public invitation to a presentation on advanced ...

Eurobank Cyprus on Wednesday announced that it will soon proceed with the culmination of an initiative to support and reward its up-to-date mortgage customers by reducing the final interest rate ...

The Republic of Cyprus and Montenegro this week signed a Memorandum of Understanding (MoU) to mutually recognise the certificates of competency for officers on merchant ships, marking a significant step ...

Eurobank on Tuesday significantly increased its stake in Hellenic Bank by purchasing 503,934 shares at a total cost of €1.29 million, with transaction taking place on the Cyprus Stock Exchange (CSE). According ...

The World Bank on Tuesday said the US economy’s stronger-than-expected performance has prompted it to lift its 2024 global growth outlook slightly but warned that overall output would remain well ...

The Cyprus Securities and Exchange Commission (CySEC) on Tuesday announced the official release of its regulatory sandbox, with the presentation of the launch taking place during an online event. In ...

OPEC on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024, despite lower-than-expected use in the first quarter, saying travel and tourism would support consumption ...

General Motors (GM.N) on Tuesday announced a new $6 billion share buyback plan, more than a month after posting upbeat first-quarter results and raising its annual forecast, citing stable prices ...

Saudi Arabia began preparing more than a year ago to sell a new chunk of state oil giant Aramco, targeting foreign investment that has lagged goals for years and is ...

Government employment in Cyprus reached an average of 54,835 individuals from January to May 2024, marking an increase of 2,684 persons or 5.1 per cent compared to the same period from the previous year, ...

The Cyprus Securities and Exchange Commission (CySEC) on Tuesday announced the official release of its regulatory sandbox, with the presentation of the launch taking place during an online event. In ...

Cyprus’ tourism revenue soared to its highest level for the month of March in at least 23 years, achieving a robust increase of 15.5 per cent compared to the same period last ...

Cyprus is excelling in the fields of research and innovation, according to Deputy Minister of Research, Innovation, and Digital Policy Nikodimos Damianou. Damianou this week visited the Cyprus Institute, where ...

Eurobank on Monday, June 10, purchased an additional 503,934 shares in Hellenic Bank at a total cost of €1.29 million, increasing its stake to 55.42 per cent, with this purchase being made at €2.56 per ...

The International Air Transport Association (IATA) has announced strengthened profitability projections for airlines in 2024, marking an improvement over its previous forecasts in June and December 2023. Despite these gains, the global ...

The Chinese-led consortium tasked with building the liquefied natural gas (LNG) import terminal at Vasiliko is open to exploring alternative agreements beyond the scope of the current contract, Energy Minister ...

The digital transformation has touched every corner of the world, and the sports management industry is no exception. Among the most revolutionary technologies influencing this sector is Bitcoin, a leading ...