Business

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 ...

With major Tesla shareholders appearing divided over whether to endorse Elon Musk’s $56 billion pay package, the company also is looking for support from retail investors who make up an ...

Fiscal Council president Michalis Persianis on Monday issued a series of recommendations and suggestions to the Interior Minister, following an analysis of the fiscal impact expected from the local government ...

The United States is merrily chipping away at the pillars that hold up the dollar as the world’s reserve currency, with the latest blows coming from some powerful Americans ...

A fall in permanent hiring by employers in Britain was its least severe in more than a year in May and the recruitment market appears to be poised for a ...

The Turkish competition authority said on Monday that it imposed a fine of around 482 million lira ($14.85 million) on Google (GOOGL.O) over its failure to fulfil obligations related to hotel ...

Cyprus experienced an increase of 9.4 per cent in beer sales in May, compared to the same month of the previous year, reaching 4,682,575 litres in total, a result of a rise ...

Major online streaming services operating in Canada will be required to contribute 5 per cent of their Canadian revenues to support the domestic broadcasting system, the country’s telecoms regulator has ...

Cyprus’ trade deficit for the period spanning January to April 2024 stood at €2.45 billion, a significant reduction from the €3.16 billion recorded in the corresponding period of the previous year, according to ...

Hellenic Bank actively supports various initiatives to enhance financial literacy, including the ‘Financial Alphabet’ programme, the final event of which was hosted at the bank’s headquarters in Nicosia. According ...

Total registrations of motor vehicles in Cyprus experienced a decrease of 9.6 per cent year-on-year in May of this year, dropping to 4,292 vehicles from 4,747 in May 2023, according to a report released ...

President of the Famagusta Hoteliers Association (Pasyxe) Panayiotis Constantinou remains cautiously optimistic about the future of tourist bookings in the Famagusta district, despite the challenging circumstances currently plaguing the tourism ...

Restaurants and bars in Cyprus saw their attendance increase to 75 per cent of their overall capacity during May, according to Neophytos Thrasyvoulou, president of the Federation of Leisure Centre Owners (...

Fiscal Council president Michalis Persianis on Monday issued a series of recommendations and suggestions to the Interior Minister, following an analysis of the fiscal impact expected from the local government ...