Business

Cyprus’ real estate market witnessed a record number of sales during the second quarter of 2023, reaching a level not seen in 15 years, according to a report released this week by ...

Global hedge funds are making a beeline to set up shop in India, a market long-shunned by international investors, tempted both by its growing depth and liquidity and its emergence ...

Boeing’s (BA.N) defense business is proving harder to turn around than executives initially predicted, with supplier errors and high manufacturing costs contributing to $1.7 billion in losses this year ...

British watchdog the Financial Conduct Authority said on Friday that it had identified potential “regulatory breaches” in NatWest’s handling of a decision to close former Brexit party leader Nigel ...

Lending criteria for both businesses and households in Cyprus remained tight during the second quarter of 2023, reflecting the cautious approach adopted by Cypriot banks, according to a report released this ...

High interest rates are derailing the ambitions of climate regulators and automakers to accelerate the shift to electric vehicles, underscored Wednesday by the scrapping of a GM-Honda partnership and a ...

Cypriot lender CDB Bank announced on Thursday that it actively supports Cyprus’ endeavours to attract investment funds, serving as a Silver Sponsor at the 9th International Funds Summit & Expo ...

A rebound in the advertising businesses of Google, Meta (META.O) and Snap (SNAP.N) signalled that the growing adoption of artificial intelligence was drawing marketers to digital platforms even ...

Britain’s aviation regulator said on Thursday it would increase the amount airlines can be charged for air traffic control services to help national provider NATS recoup costs incurred during ...

Approximately one in four businesses in Cyprus has fallen victim to some form of cyberattack, according to a recent survey conducted by the Cyprus Information Technology Enterprises Association (CITEA). The ...

Sam Bankman-Fried, founder of the now-bankrupt cryptocurrency exchange FTX, testified in his fraud trial on Thursday without the jury present so the judge overseeing the case can first decide what ...

Israel’s war with Palestinian militant group Hamas has upended expectations of where Israeli short-term interest rates are headed as policymakers try to balance a sliding shekel and slowing economy ...

Hotel occupancy rates across Cyprus have been at 85 per cent so far this month, according to Hotels’ Association (Pasyxe) chairman Thanos Michaelides. Michaelides told the Cyprus News Agency (CNA) on ...

In the dynamic world of top altcoins, we’re spotlighting the contrasting paths of Cosmos (ATOM) and Gala (GALA) alongside the innovative surge of VC Spectra (SPCT). This exploration sheds ...

In today’s rapidly changing global market, the pace of technological progress is truly impressive. It’s not just about keeping up with the competition; it’s about taking an ...

The 36th annual conference of the International Investment Funds Association (IIFA), hosted in Cyprus from October 23 to 25, 2023, has concluded successfully, the Cyprus Investment Funds Association (CIFA) said on Thursday, noting ...

Invest Cyprus, the national investment promotion agency, played a prominent role in the World Investment Forum (WIF) in Abu Dhabi, an event organised by the United Nations Conference on Trade ...

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 ...