Business

Rafael Nadal’s championship point winning racket from his 2007 French Open final victory over Roger Federer was sold for more than $118,000 at an auction this week, ranking among the highest-priced ...

Saudi Arabia’s real gross domestic product (GDP) shrunk 3.7 per cent in the fourth quarter, government data showed on Wednesday, marking a second consecutive quarter of contraction, as a decline ...

Cyprus’ Deputy Ministry of Tourism on Wednesday stated that it sees a feasible opportunity for a further increase in tourist arrivals from Switzerland, estimating the number of visits from the ...

Universal Music Group (UMG) (UMG.AS) will cease licensing its content to TikTok and TikTok Music services, as the music label said on Tuesday that its agreement with the social ...

Eurozone governments sold a record amount of bonds directly to investors in January, seeing the highest demand ever, as hopes grow for interest rate cuts to support a weakening economy. ...

The International Air Transport Association (IATA) has reported encouraging data for November 2023, signalling a robust recovery in the air travel sector, with demand surpassing 99 per cent of 2019 levels. Total air ...

Limassol-based Tototheo Maritime, a leading provider of maritime satellite communications and technologies, on Tuesday announced its partnership with Orion Reederei, a prominent ship management company based in Germany. The company ...

HSBC (HSBA.L) has been fined 57.4 million pounds for “serious failings” in protecting up to 112 billion pounds ($142 billion)of deposits over several years, in the first penalty of its kind ...

Saudi Arabia’s government on Tuesday ordered state oil company Saudi Aramco (2222.SE) to halt its oil expansion plan and to target a maximum sustained production capacity of 12 million barrels ...

United Parcel Service (UPS.N) is to cut 12,000 jobs and explore strategic options for Coyote, its truckload freight brokerage business, after the company forecast full-year revenue below estimates. Shares in ...

The International Monetary Fund on Tuesday edged its forecast for global economic growth higher, upgrading the outlook for both the United States and China – the world’s two largest economies – ...

Finance Minister Makis Keravnos and Ambassador of Jordan to Cyprus Basheer F. Zoubi on Tuesday met at the ministry’s offices in Nicosia, with the discussions primarily focusing on economic ...

SUI recently joined forces with Alibaba Cloud as it aims to bolster its ecosystem capabilities. Injective (INJ) has also been a hot topic among investors as it aims to bolster ...

Deputy Minister of Tourism Kostas Koumis this week addressed long-lasting competitiveness issues in the Pernera area, between Protaras and Paralimni, acknowledging the closure of eight tourist accommodation units since 2006. “Concerning ...

Wargaming, an award-winning online game developer and publisher headquartered in Nicosia, on Tuesday announced a number of opportunities for students and recent graduates, which are set to take place in 2024. ...

Police on Monday arrested five persons in a coordinated operation against illegal employment in Nicosia. According to police the operations was carried out in coordination with the immigrations service and ...

The European Central Bank (ECB) kept interest rates unchanged at a record high on January 25, meeting the expectations of analysts, and reiterated its commitment to lowering inflation. In addition, there ...

The Cyprus Association of Electronic Money Institutions and Payments (ACEMPI), a member of the Cyprus Chamber of Commerce and Industry (Keve), on Monday introduced a significant tool for the electronic ...

Goldman Sachs lowered its 2024 earnings growth forecast for European STOXX 600 (.STOXX) companies to 3 per cent from 7 per cent, citing headwinds from lower oil prices and inflation. Oil prices gained last ...

Shell’s exit from Nigeria’s onshore oil sector highlights risks oil majors face in Africa’s biggest exporter but has raised hopes that local firms could reverse the output ...

The much-touted opening up of the electricity market has been pushed back to the summer of 2025, MPs heard on Monday. They got the news from Stavros Stavrinos, executive director at ...

The Electricity Authority of Cyprus (EAC) on Monday denied it has already decided to invest €43 million into upgrading its power plant at Dhekelia, following allegations by an association of businesses. ...

Houthi attacks in the Red Sea are impacting Cyprus, leaving stakeholders increasingly concerned, director general of the Cyprus Shipping Chamber Thomas Kazakos said on Monday. During a press conference, he ...

This year, 2024, the crypto trading world has developed at a high rate. New opportunities often bring new challenges, and traders should be watchful to avoid common traps that can result ...