Business

Finance Minister Makis Keravnos delivered on Wednesday the state budget for 2024 with a promise of cost-of-living relief measures by the end of the month – and a look ahead to next ...

France is reluctant to delay post-Brexit tariffs that are set to hit electric vehicles traded between Britain and the European Union, French government sources said, in a move that could ...

The world’s biggest bond markets are in the throes of another rout as a new era of higher for longer interest rates takes hold. In the US Treasury market, ...

Resurgent oil prices hurting a deteriorating economy and renewed concerns about Italy’s fiscal position mean headwinds for the euro are getting stronger, raising the risk of a move back ...

In the crypto scene, the emergence of trailblazing innovations can result in a shift. Recently, two leading metaverse tokens, The Sandbox (SAND) and Decentraland (MANA), have experienced a downturn. Meanwhile, ...

Turkish annual consumer price inflation climbed to 61.53 per cent in September, official data showed on Tuesday, just below expectations and rising for a third consecutive month in response to recent ...

The Hellenic Bank Shipping Finance Unit manages a credit portfolio of excellent quality, while its Shipping Business Centre offers a range of sophisticated transaction banking and products Located in Cyprus, ...

Cyprus witnessed a notable increase in house prices during the second quarter of 2023, with the House Price Index (HPI) rising by 3.2 per cent during this time, compared to the same ...

Cyprus has witnessed a decrease of €83 million in non-performing loans (NPLs) in the local banking system at the end of June, dropping from €2.19 billion to €2.11 billion, compared to the previous ...

The retail industry in Cyprus experienced significant growth in August 2023, with the Retail Trade Turnover Index showing a remarkable increase of 10.1 per cent, compared to the same month in the ...

The European Central Bank has done enough for now to combat inflation but a further increase in interest rates later on cannot be ruled out, Bank of Finland board member ...

Russian energy giant Gazprom (GAZP.MM) said on Tuesday that Europe, which used to be its main source of revenue, is short of natural gas and may face challenges, more ...

British online fashion retailer Boohoo (BOOH.L) slid to a loss after revenue fell 17 per cent in its first-half and said a slower than expected recovery in sales volumes could ...

British baker and fast food chain Greggs (GRG.L) kept its full-year outlook as underlying sales rose in the third quarter and it won market share, showing the resilience of ...

Bitcoin? It’s a bit old hat, say a cohort of crypto investors who are betting on blockchain technology breathing new life into traditional assets. As crypto prices see-saw ahead ...

Two Cypriot banks, the Bank of Cyprus and the Hellenic Bank, had their credit ratings upgraded by investment service Moody’s on Monday. Both had their long-term deposit ratings increased ...

The development of cottage industries in Cyprus is virtually non-existent, MPs said on Tuesday, proposing ways to promote the marketing of traditional Cypriot products. Lawmakers heard, for example, that to ...

British Chancellor Jeremy Hunt said on Tuesday he would love to lower taxes in the run-up to a national election expected next year, but added that any tax cut at ...

Eurobank’s relationship-oriented culture extends from its approach in ship lending to the full spectrum of its services, placing the development of comprehensive relationships with its clients in key focus “...

Hedge funds using computers to trade equities are expecting to start selling to the tune of $20 billion to $30 billion in the next two weeks given retreating stock markets, a UBS (...

From “Star Wars” droid C-3PO’s head to Leonardo DiCaprio’s “Titanic” costume, a trove of costumes and props are headed to auction next month in a sale of ...

Cyprus tourism has experienced a remarkable surge in revenue, with an impressive 26.9 per cent increase during the period of January to July 2023, compared to the same period in 2022. These findings ...

The number of instances of greenwashing by banks and financial services companies around the world rose 70 per cent in the past 12 months from the previous 12 months, a report on Tuesday ...

Praxis Tech, a leading payment orchestration software company based in Cyprus, this week announced the signing of a partnership agreement with Choise.com, a fast-growing crypto ecosystem comprising a digital ...