Business

Cypriot banks have nearly eliminated their borrowing from the Eurosystem through Targeted Longer-Term Refinancing Operations (TLTROs), with the latest data from the Central Bank of Cyprus (CBC) showing repayments totalling €2.6 ...

Swiss companies and consumers are now able to make instant electronic payments, catching up with other European financial centres where the ultra-fast transfers are increasingly popular. Instant payments allow credit ...

Britain’s government again borrowed more than expected last month, according to official data released on Wednesday that highlighted the tight financial backdrop for new finance minister Rachel Reeves as ...

British upmarket supermarket group Waitrose plans to invest 1 billion pounds ($1.30 billion) in new and existing shops over the next three years, it said on Wednesday. The chain, part of the ...

The Cyprus government and the Turkish Cypriot leadership are in a furious row over a decision by tour operator Tui to stop daytrips to the north, with leader Ersin Tatar ...

Shares of Trump Media & Technology Group (DJT.O), which is majority-owned by former US President Donald Trump, sank to record lows this week, following the Republican presidential candidate’s ...

Warm weather and household buying ahead of summer holidays accelerated sales growth at UK supermarkets in August, although No. 3 player Asda continued to struggle, industry data showed on Wednesday. Market ...

Research spending in Cyprus as a percentage of domestic GDP remains low compared to the European average, despite an increase in absolute terms. According to a report released on Wednesday ...

There will be a new issue of Cypriot government bills on Monday, August 26, with the bills having a three-month duration, set to mature on November 29, 2024. Sophic, an online platform that ...

In the modern era of e-commerce, understanding the tools and technologies that facilitate smooth transactions is crucial for business success. One of these essential tools is the credit card payment ...

Larnaca’s hotels are enjoying robust occupancy rates this summer, ranging from 80 to 85 per cent, according to Marios Polyviou, president of the Larnaca Hoteliers Association (Pasyxe). Speaking to the Cyprus ...

Oil prices held broadly steady on Wednesday after a run of declines that have pushed Brent down to almost $77, driven by stubborn fears over Chinese demand and diminishing concerns about ...

Turkey’s central bank held interest rates steady at 50 per cent for a fifth straight month as expected, and repeated that it remains vigilant to inflation risks even as it ...

Cypriot banks have nearly eliminated their borrowing from the Eurosystem through Targeted Longer-Term Refinancing Operations (TLTROs), with the latest data from the Central Bank of Cyprus (CBC) showing repayments totalling €2.6 ...

The final discussion on the 2025 state budget is expected to take place in mid-September during a Cabinet meeting, according to Finance Minister Makis Keravnos. Speaking to the Cyprus News Agency (...

Dealmaking activity in the oil and gas industry increased 57 per cent last year as energy companies boosted development spending, driven by higher cash flows from profits in prior years, according ...

General Motors (GM.N) said Monday it is laying off more than 1,000 salaried employees at its software and service units worldwide. GM, confirming the layoffs initially reported by CNBC, said ...

State Street (STT.N) is partnering with Swiss crypto company Taurus to offer new digital asset services, including turning real-world assets into tradeable tokens, to tap growing institutional demand for ...

Yandex NV (YNDX.O), the Dutch company that finalised a split from Russian technology giant Yandex last month, has renamed itself Nebius Group after the change received shareholder approval. A ...

The latest State Aid Scoreboard from the European Commission, published by the Centre of International and European Economic Law (CIEEL), shows a significant reduction in state aid expenditures reported by ...

The PwC Foundation on Tuesday detailed the various initiatives under its youth entrepreneurship pillar, aimed at bolstering young entrepreneurial talents and supporting community projects across Cyprus. These efforts include continuing ...

Private renewable energy (RES) companies are trying to squeeze the electricity authority (EAC) out of the running, the authority’s chairman said on Tuesday. Giorgos Petrou made his statements to ...

Cyprus experienced a 2.4 per year-on-year cent increase in the Harmonised Index of Consumer Prices (HICP) in July 2024, compared to the same month of the previous year. The HICP, a key ...

The final discussion on the 2025 state budget is expected to take place in mid-September during a Cabinet meeting, according to Finance Minister Makis Keravnos. Speaking to the Cyprus News Agency (...