Business

A future British government should consider raising the Bank of England’s inflation target from 2 per cent to 3 per cent to give it more room for manoeuvre during economic downturns ...

The Harmonised Index of Consumer Prices (HICP) in Cyprus increased by 4.3 per cent in September 2023, compared to the same month in 2022, according to the Cyprus Statistical Service. This rise in ...

Hellenic Bank on Wednesday released a statement explaining that in an increasingly volatile economic environment, Cypriot businesses require a stable and reliable partner, noting that with a customer-centric approach, in ...

World Investor Week 2023 (WIW2023) has concluded successfully with a significant level of participation, according to a statement by the Cyprus Securities and Exchange Commission (CySEC), which collaborated with global supervisory ...

Morgan Stanley’s (MS.N) third-quarter profit dropped less than expected as a strong performance in the bank’s wealth management division offset a hit from lethargic dealmaking. The wealth ...

The north’s electricity authority (Kib-Tek) cancelled a tender for the purchase of two new generators on Wednesday after no bids for the tender were received. The tender would have ...

The European Central Bank (ECB) is not expected to raise interest rates at its upcoming session, as recent economic data indicates that its benchmark rates have reached levels conducive to ...

Bank of Cyprus CEO Panicos Nicolaou this week revealed a vision for Cyprus as a thriving business hub in the region, noting that the island has the potential for further ...

Social media platform X, formerly known as Twitter, said on Tuesday it will test a new subscription model under which it will charge a $1 annual fee for basic features. The ...

The electricity authority (EAC) announced on Wednesday it will take the energy regulatory authority (Cera) to court to appeal Cera’s rejection of its request for a 25 per cent increase ...

This time, the spotlight falls on a selected few top altcoins that have caught the attention of seasoned investors. If you’re looking for the best crypto to buy now, ...

Electric vehicle manufacturer Tesla on Tuesday urged the Biden administration to finalize much tougher fuel economy standards through 2032 than US regulators have proposed. The National Highway Traffic Safety Administration (NHTSA) ...

The Monetary Authority of Singapore (MAS) plans to conduct an on-site inspection of a local unit of Credit Suisse to determine whether it properly handled the monitoring of wealthy clients ...

Rolls-Royce (RR.L) said on Tuesday it would cut up to 2,500 jobs as its new chief executive seeks to build a more efficient business, the latest boss to attempt to ...

National flag carrier Cyprus Airways on Wednesday unveiled plans to extend its schedule with new flights to the city of Nice, France, starting from December 12, 2023, with the airline set to ...

Oil prices surged on Wednesday as tension escalated in the Middle East after hundreds were killed in a blast at a Gaza hospital, sparking concerns about potential oil supply disruptions ...

Global banking regulators on Tuesday proposed a standardised format for major banks to disclose their holdings of cryptoassets from January 2025 to support “market discipline” by giving a complete picture to ...

The University of Cyprus on Tuesday announced that the Jean Monnet Centre of Excellence DIGIU, which is dedicated to the study of the European institutional framework concerning digital and online ...

Growth in British workers’ regular pay – which is being watched closely by the Bank of England – slowed from a previous record high and job vacancies also dropped, official figures showed ...

The US auto regulator on Tuesday said Tesla (TSLA.O) will recall 54,676 Model X vehicles manufactured between 2021-2023, as the vehicle controller is likely to fail to detect low brake ...

The weak crypto market is wobbling through autumn. And winter’s on its way. The long-anticipated US launch of a group of exchange-traded funds tracking ether offered fresh evidence of ...

Two weeks after the Cyprus Mail sat down for an interview with Timur Turlov, CEO of Freedom Holding Corp., his company was investigated by US regulators. This comes two months ...

The priorities of the government are intertwined with the commitment to incorporate technology and digitisation into its policies, stated Undersecretary to the President, Irene Piki, on Tuesday, a sentiment echoed ...

Hermes Airports, the company managing both of Cyprus’ international airports, on Tuesday announced that Larnaca Airport claimed the top spot in the highly competitive category for airports with 5-10 million ...