Business

Cyprus’ registered unemployment figures witnessed an eight-month low in December 2023, according to seasonally adjusted data by the Cyprus Statistical Service (Cystat). According to the report, the number of registered unemployed ...

The Cyprus Investment Funds Association (CIFA) this week released a statement expressing an optimistic outlook for 2024, anticipating another favourable year for the investment funds sector in Cyprus, despite any challenges ...

US bankruptcy filings surged by 18 per cent in 2023 on the back of higher interest rates, tougher lending standards and the continued runoff of pandemic-era backstops, data published Wednesday showed, although ...

Several Saudi Arabian companies released regulatory filings late on Wednesday and Thursday saying that state energy company Saudi Aramco’s decision to raise feedstock and fuel prices for this year ...

Hermes Airports, which manages and operates Cyprus’ two international airports, on Thursday announced that it recorded a surge in passenger traffic during 2023, tallying over 11.6 million passengers by the end of ...

The cabinet on Thursday announced the new board of directors at the Natural Gas Public Corporation (Defa), the state-run entity with the exclusive rights to import and distribute natural gas ...

The annulment of an act or omission of an administrative authority does not automatically create a right to compensation In a decision issued by the Supreme Constitutional Court on December 14, 2023 ...

As the crypto market continues to grow broader, specific niches are capturing attention, with a focus on areas such as decentralized file storage and real estate. Notably, Filecoin is one ...

Director General of the Cyprus Shipping Chamber Thomas Kazakos said that there is an urgent need to address the Houthi attacks against ships sailing through the Red Sea, stressing that ...

Oil prices rose on Thursday, adding to solid gains in the previous session on persisting concerns over Middle Eastern supply following disruptions at a field in Libya and heightened tensions ...

In a proactive move aimed at fortifying the resilience of financial institutions against evolving cyber threats, the European Central Bank (ECB) has unveiled plans for a comprehensive stress test involving 109 ...

TLDR Rebel Satoshi ($RBLZ) experiences a 100% surge as it enters Citizens Round 3 of its presale. Experts predict that Polygon (MATIC) will hit $2.30 soon. Cardano (ADA) bulls predict that ADA could ...

US chip stocks added to a string of losses on Wednesday, with Wall Street’s main semiconductor benchmark tumbling from record highs following its strongest year since 2009, when the sector ...

Launched in 2020, Solana has swiftly carved a niche in the blockchain world, based on its innovative technology and impressive market performance. Solana’s unique combination of proof of stake (PoS) ...

Rocket and satellite maker SpaceX on Wednesday was accused by a US labour agency of unlawfully firing eight employees for circulating a letter calling founder and CEO Elon Musk a “...

In the crypto world, the competition between Pullix (PLX), Monero (XMR), and Curve DAO (CRV) has become a focal point for crypto enthusiasts. As investors and traders navigate through the ...

Bitcoin miners are showing their strength as the crypto reserve reaches a low amount, indicating possible selling pressure. At the same time, one of the new DeFi projects, Borroe Finance ($...

London-based firm Global Capital, which specialises in international capital markets, hailed Cyprus’ sustainable bond issuance of €1 billion in April 2023 as the top public-sector green and social bond for the year, ...

The economic climate in Cyprus worsened in December 2023, accompanied by increased economic uncertainty, according to a report released this week by the University of Cyprus’ Economic Research Centre (CypERC). According ...

Cyprus witnessed a significant surge in retail trade during November 2023, indicating promising growth within the sector, according to a report released this week by the Cyprus Statistical Service (Cystat). According ...

South Korea’s Hyundai Motor Co (005380.KS) and affiliate Kia Corp (000270.KS) forecast on Wednesday that their combined global sales will rise about 2 per cent in 2024, even as last year’...

Precisely when the Federal Reserve will start cutting interest rates stands as the big unknown for markets and economists as 2024 kicks off, and fresh details about its pivot in that ...

The economic sentiment in Cyprus deteriorated in December 2023, decreased by 4.6 points compared to the previous month, the Economic Sentiment Indicator (ESI-CypERC) revealed on Wednesday. According to the Economics Research Center ...

Hellenic Bank has rolled out a Sustainable Financing Framework, as part of its commitment to support the economy’s transition to sustainability, seeking to bring a long-term positive impact for ...