Business

Oil prices crept up on Thursday, clawing back some of the previous three days’ losses despite the US Federal Reserve entertaining further tightening of interest rates if inflation remains sticky, ...

The unemployment rate in Cyprus decreased to 6 per cent in the first quarter of 2024, according to a report released on Thursday by the Cyprus Statistical Service (Cystat). The total workforce ...

The emergence of digital currencies has transformed the panorama of global finance, presenting new opportunities for buyers to diversify their portfolios and gather wealth. Among those virtual currencies, the Digital ...

The ongoing tax reform process, the first in over twenty years, was the focal point of a conference organised this week by FMW. The event saw participation from technocrats from ...

The London-based independent exploration and production company Energean, which specialises in developing resources across the Mediterranean, on Thursday announced the discovery of new gas findings, in the context of disclosing ...

The total assets of investment funds in Cyprus increased by approximately €293 million in March of this year, representing a rise of 4.5 per cent compared to December 2023, reaching €6.78 billion. According to ...

In CNC machining, two fundamental processes play a pivotal role in shaping the final product, roughing, and finishing. Rough Machining as the name suggests, is employed to workpiece for the ...

Achieving remarkable progress, the construction of Limassol’s impressive new business hub continues to hit major milestones, showcasing a steadfast commitment to on-time completion. Neocleous Tower is a modern, sustainable, ...

The Bank of Cyprus on Thursday announced the introduction of electronic dividend payments, following the European Central Bank’s approval for a cash dividend payout. Shareholders now have several options ...

The pound held steady on Thursday near multi-month highs a day after British Prime Minister Rishi Sunak called a national election and data showed inflation did not slow as much ...

European low-cost airline Wizz Air (WIZZ.L) forecast a higher annual profit on Thursday on the back of a strong summer and robust travel demand, after swinging to an annual ...

Belgium’s finance ministry has refused Russian state-owned bank VTB’s (VTBR.MM) request for licences to unblock customer assets held through its brokerage accounts, the bank said on Wednesday. ...

Despite a rise in fuel prices contributing to an uptick in inflation from 1.2 per cent in March to 2.4 per cent in April, due to geopolitical developments, food inflation has continued ...

Shell (SHEL.L) expects its Australian supplies of liquefied natural gas (LNG) to help meet demand from emerging markets in south and southeast Asia, which are tipped to absorb some ...

Britain’s regulators lack the mindset to boost growth and the financial sector’s global competitiveness, and need parliamentary backing to accept more risk when applying rules, the City of ...

British retailer Marks & Spencer (MKS.L) on Wednesday reported a 58 per cent rise in annual profit, ahead of market expectations, as its strategy to re-shape the business delivered strong ...

A group of cancer victims sued Johnson & Johnson JNJ.N on Wednesday, accusing the healthcare company of committing fraud through repeated and continued efforts to use a shell company’...

Boeing’s BA.N plane deliveries to China have been delayed in recent weeks due to a Chinese regulatory review of batteries related to the cockpit voice recorder, a source ...

The total weight of goods transported by road within Cyprus in the fourth quarter of 2023 saw an 11.4 per cent increase, compared to the same period in 2022, according to a report ...

The Cyprus University of Technology (Tepak) and the Polemidia municipality announced on Wednesday that they have agreed to jointly develop a photovoltaic (PV) park with a total capacity of approximately 9 ...

Despite a rise in fuel prices contributing to an uptick in inflation from 1.2 per cent in March to 2.4 per cent in April, due to geopolitical developments, food inflation has continued ...

Microsoft Outlook is one of the most popular and widely used email applications, mainly known because of its robust email management, seamless integration with Microsoft Office, and advanced organizational features. ...

Optimism and Arbitum are two of the world’s fastest growing Layer 2 stars. They’ve gained international traction in just a few years, offering fantastic returns for early adopters. But ...

Sectors that are heavily exposed to AI are witnessing a surge in productivity, while AI jobs are also experiencing notable growth, according to a recent report shared by PwC Cyprus ...