Business

Zaporizhstal, a Soviet-era steel plant in the southern Ukrainian city of Zaporizhzhia, has managed so far to keep running in defiance of staff shortages, blocked exports, power blackouts and the ...

US penalties on shippers transporting Russian oil in breach of the G7’s price cap could push more Russian cargoes onto vessels referred to as the ghost fleet and away ...

Britain’s Heathrow Airport raised its 2023 passenger forecast on Thursday and reported a big fall in losses for the first nine months of the year following strong summer demand for ...

Oil prices fell on Thursday after a rise in US crude stockpiles and a climb in the dollar index, giving up some ground gained a day earlier when prices jumped ...

The International Air Transport Association (IATA) recently released its latest industry report, revealing that the remarkable resurgence in passenger traffic, witnessed post-pandemic, persisted through August. “Demand for air travel performed ...

Cyprus has recorded a fiscal surplus of €676.3 million, representing 2.4 per cent of the Gross Domestic Product (GDP) for the year 2022, according to an announcement by the Cyprus Statistical Service. Additionally, ...

Britain’s businesses reported another decline in activity this month and cost pressures cooled further, surveys showed on Tuesday, underlining the risk of recession as the Bank of England prepares ...

Zara owner Inditex (ITX.MC), the world’s biggest clothing retailer, has agreed to buy recycled polyester from US start-up Ambercycle, the companies said on Wednesday. As fast-fashion retailers face ...

Japan’s government is considering spending around $33 billion for payouts to low-income households and an income tax cut in a package of measures to cushion the blow to households from ...

The total value of deposits in Cyprus witnessed a substantial increase of €87.7 million in September 2023, marking a recovery after two consecutive months of decline, according to a report released by ...

The Central Bank of Cyprus on Wednesday announced that Gabriel Makhlouf, the governor of the Central Bank of Ireland, concluded his visit to Cyprus, after an invitation had been extended ...

Crypto investors are recalibrating their focus in the dynamic DeFi landscape. As Cosmos (ATOM) introduces its nBTC Interchain and Monero (XMR) optimizes for macOS ARM, VC Spectra (SPCT) emerges as ...

President Nikos Christodoulides this week underlined the government’s commitment to building a resilient economy, with a focus on modernity, justice, transparency, and the green and digital transition at its ...

The Bank of England looks set to keep interest rates on hold next week but also stress that it is far from relaxing its fight against Britain’s high inflation ...

Britain’s Barclays (BARC.L) will embark on another restructuring round in the coming months to mitigate the effects of margin pressure from competition in the savings market and another ...

Oil fell for a fourth day on Wednesday as concerns about slowing European demand offset worries about Middle East supply disruptions stemming from the Israel-Hamas conflict in Gaza. Brent crude ...

Apple (AAPL.O), the world’s largest tech company, said on Tuesday that it will back a US right-to-repair bill, following years of complaints from consumer advocates that its sleek ...

Euro zone business activity took a surprise turn for the worse this month as demand fell in a broad-based downturn across the region, a survey showed, entering the fourth quarter ...

Britain on Tuesday scrapped a decade-old cap on banker bonuses inherited from the European Union, signalling a clear divergence in post-Brexit financial rules from the 27-country bloc it left in 2020. ...

In a resounding endorsement of Cyprus’ burgeoning investment sector, the 36th Annual International Investment Funds Association (IIFA) Conference kicked off in Limassol on Tuesday, welcoming delegates from major Funds and ...

Exxon Mobil (XOM.N) and Chevron (CVX.N) are flush with cash yet their acquisition targets are taking stock as the only form of payment, an arrangement that allows the ...

Central Bank of Ireland governor Gabriel Makhlouf on Tuesday stressed the importance of closely monitoring the ongoing geopolitical crisis in the Middle East due to its potential economic implications. In ...

The Cyprus Securities and Exchange Commission (CySEC) this week issued a warning to board members of Cyprus Investment Firms (CIFs), reminding them of their roles and responsibility to meet all ...

Numerous stakeholders from the investment sector and the local business community this week highlighted Cyprus’ remarkable progress in the field of investment capital during the 9th International Funds Summit and ...