Business

Oil prices spiked more than 1 per cent on Tuesday after Saudi Arabia and Russia announced a fresh extension to their voluntary supply cuts, stretching a combined 1.3 million barrel per day (...

The Cyprus Statistical Service (Cystat) on Tuesday released a report showing a notable decrease in the number of registered unemployed individuals for the month of August 2023, both on an annual ...

Higher-than-expected inflation data for August published on Monday prompted JPMorgan to revise its year-end inflation forecast to 65 per cent from 62 per cent with the annual rate now expected to peak ...

Italy and Saudi Arabia are in talks about a potential Saudi investment in Rome’s new strategic fund, Italy’s Industry Minister Adolfo Urso said on Monday, as the two ...

Egypt’s state grains buyer bought about a half a million metric tons of Russian wheat in a private deal, four traders told Reuters, succeeding in negotiating lower prices than ...

Workers at Chevron’s (CVX.N) Gorgon and Wheatstone liquefied natural gas (LNG) projects in Australia plan a total strike for two weeks from Sept. 14, a union alliance said on ...

Australia’s Qantas Airways (QAN.AX) said its long-serving CEO would bring forward his retirement amid a publicity firestorm over an accusation of illegal ticket sales, signalling what the flagship ...

Turkish depositors mostly converted funds back to dollars last month when they withdrew from state depreciation-protected accounts, according to initial data and senior bankers, as Ankara begins winding down the ...

Mercedes-Benz (MBGn.DE) does not expect its sales in Europe to be all-electric by 2030 but will have its line-up ready, Chief Executive Ola Kaellenius said in an interview at the ...

Belgium has raised a record 21.9 billion euros ($23.65 bln) from savers in a bond sale designed to compete with bank deposits, a sign of growing popularity for government debt as discontent ...

Continental (CONG.DE) will integrate Google Cloud services into its vehicle cockpit system, the company said on Monday, enabling drivers to ask the vehicle for assistance such as context on ...

As the crypto landscape shifts towards bullish territory, certain digital assets are gaining attention for their potential to outperform the market. In this article, we’ll look at three compelling ...

The crypto landscape isn’t short of visionary projects, with Gala Games (GALA) and The Sandbox (SAND) as strong contenders. However, the emergence of Everlodge, which adds a layer to ...

Following three-way talks at the presidential palace on Monday, President Nikos Christodoulides, Israel’s Benjamin Netanyahu and Greece’s Kyriakos Mitsotakis reaffirmed their commitment to reinforce their cooperation in energy. “...

International Ecosystem PIN-UP Global is taking part in the SiGMA Balkan & CIS 2023 conference, being held in Cyprus over September 4-7, 2023. The gambling business’ best representatives will be named during ...

Borroe ($ROE), one of the new defi projects, has emerged as a strong contender in the crypto market, standing shoulder-to-shoulder with the likes of Dogecoin (DOGE). As the crypto world ...

Lack of controls by authorities enables illegalities The system of taxation of real estate seems to leave enough room for exploitation and tax avoidance, due to loopholes in the legislation ...

Clothes made from recycled textiles are emerging in Europe, highlighting new business opportunities that also reduce the industry’s environmental footprint. By Sofia Strodt Two textile plants in southern Finland ...

A chronic shortage of engineers in Vietnam is emerging as a major challenge to the growth of its semiconductor industry and to US plans of fast-tracking the Southeast Asian nation ...

The United States is making $12 billion available in grants and loans for automakers and suppliers to retrofit their plants to produce electric and other advanced vehicles, Energy Secretary Jennifer Granholm ...

The US expanded the restriction of exports of sophisticated Nvidia (NVDA.O) and Advanced Micro Devices (AMD.O) artificial-intelligence chips beyond China to other regions including some countries in the ...

Chevron is probably prepared to negotiate around its proposed FDP, but it will probably be on the details rather than the substance It finally happened. Cyprus rejected Chevron’s updated ...

The crypto world came alive in August 2023 after co-founder of Cardano ($ADA), Charles Hoskinson, said the token will surpass Bitcoin ($BTC) and Ethereum ($ETH) to become the best cryptocurrency in ...

Here are the top business stories in Cyprus from the week starting August 28: Hellenic Bank announced on Wednesday that it posted a profit of €160.2 million during the first half of 2023, ...