Business

The European Central Bank raised interest rates for the eighth successive time as expected on Thursday and signalled further policy tightening, as it battles high inflation. The ECB has now ...

Binance is sued by the SEC, closely followed by a lawsuit against Coinbase. As centralized exchanges fall from grace, decentralized exchanges like Tradecurve and PancakeSwap become ever more important. >&...

In talks in Jerusalem on Thursday, Cyprus and Israel discussed cooperation in the development of regional gas infrastructure, such as the ‘Cyprus Gateway’ initiative aiming to transfer natural gas via ...

Oil rebounded on Thursday after the previous day’s plunge, as data showed a jump in refinery runs at the world’s top crude importer China, though a weak economic ...

A hawkish message from the Federal Reserve amid a robust stock market rally is presenting investors with a conundrum: how to maintain exposure to rising equities while also guarding against ...

The European Institute of Innovation and Technology (EIT) and the Research and Innovation Foundation (Idek) this week co-organised an Info Day at the A.G. Leventis Gallery, where they unveiled ...

Russia’s No. 2 lender VTB (VTBR.MM) on Thursday said it would increase the number of countries to which retail clients can send money to 25 from 11, with India and Turkey ...

The European Central Bank is all but certain to raise borrowing costs to their highest level in 22 years on Thursday and leave the door open to more hikes, extending its ...

Premier League club revenues rose by 12% to a record 5.5 billion pounds in the 2021-22 season as European football capitalised on fans returning to stadiums after the COVID-19 pandemic, according to ...

DataArt reiterated its commitment to Cyprus’ business community DataArt, a global software engineering firm recently marked its first year in Cyprus, an event which coincided with the opening of its ...

The Cyprus Association for the Protection of Borrowers (Syprodat) this week issued a statement welcoming President Christodoulides’ call to banks to follow proper loan restructuring procedures. The president’s comments ...

Shell (SHEL.L) will ramp up its dividend and share buybacks while keeping oil output steady into 2030, it said on Wednesday, as CEO Wael Sawan moved to regain investor confidence ...

British supermarket group Waitrose said this week it had reduced the price of more than 200 products as part of a 100 million pound ($126 million) plan announced earlier this year in the ...

Israel exported a record $12.556 billion in defence products last year, with new Arab partners under the U.S.-sponsored 2020 Abraham Accords accounting for almost a quarter of the business, the ...

Cyprus Deputy Minister of Tourism Kostas Koumis this week led a delegation on a visit to Dubai and Abu Dhabi with the purpose of assessing the tourism potential in these ...

The significant improvement in the yield margins of yesterday’s issuance of AT1 capital bonds reflects the bank’s transition into a sustainable and profitable banking institution, according to Bank ...

Cypriot non-profit association TechIsland on Wednesday announced the second workshop of its “Startup School” series. The event, which is powered by Zubr Capital, a global Venture Capital fund, offers an ...

Russian state entity NAMI said on Wednesday it had acquired a 100 per cent stake in a factory producing anti-lock brakes and other systems for cars that was formerly owned by ...

Energy Minister George Papanastasiou is headed to Jerusalem, where on Thursday he will hold meetings with his counterpart, Israeli Energy and Infrastructure Minister, Israel Katz. The focus of the meeting ...

Retailers and the film industry helped Britain’s economy inch higher in April, despite contractions in manufacturing and construction, according to data on Wednesday that pointed to slow growth rather ...

Analysts at leading investment banks expect Turkey’s new economic chiefs to start ramping up interest rates next week as part of a major reset of the country’s economic ...

Lebanon slid deeper into crisis on Wednesday when Hezbollah and its allies thwarted a bid by their rivals to elect a top IMF official as president, sharpening sectarian tensions and ...

Fuel and electricity prices are set to rise as of July 1 following expiration of the relief measures for consumers introduced last year. According to Finance Ministry permanent secretary, George Panteli, ...

Cyprus’ trade deficit reached €3.11 billion during the period of January to April 2023, according to the latest report released by the Cyprus Statistical Service (Cystat). According to the available data, this ...