Business

Banks’ shares have stumbled as they forecast pressure on margins Central bank policy rate has risen to 4 per cent, after decade near zero Deposit rates have not risen as fast ...

Russia’s economy proved unexpectedly resilient in the face of tough Western sanctions last year, but a return to pre-conflict levels of prosperity may be far off as more government ...

Oil prices edged up on Thursday, after Brent crude posted its biggest single-day loss in seven weeks the day before, as market players reassessed prospects for supply and demand. Investors ...

Exxon Mobil Corp (XOM.N) on Wednesday warned in a securities filing of potential risks to its Kazakhstan oil operations, which provided $2.5 billion in earnings last year. Threats to Kazakhstan ...

The long-awaited Dogetti (DETI) protocol is already in its presale phase as the developers have launched an interface to provide users with information on how to get their DETI tokens ...

Various indicators only serve to confirm previous forecasts expecting the Cypriot economy to experience a slower growth rate throughout 2023, while managing to avoid a recession, according to a report released ...

Emilios Tannousis, chairman of the Cyprus Investment Funds Association’s training and HR committee, as well as manager of wealth management at the Bank of Cyprus, this week released a ...

President-elect Nicos Christodoulides this week said that he is ready to work closely with the Employers and Industrialists Federation (OEV) in order to mutually tackle the challenges facing the Cypriot ...

Switzerland sent 58.3 tonnes of gold worth 3.3 billion Swiss francs ($3.6 billion) to Turkey in January, by far the most for any month in records stretching back to 2012, Swiss customs data showed ...

Saudi Arabia will make a $1 billion deposit in Yemen’s Aden-based central bank on Tuesday, Saudi Arabia’s state news agency SPA said, as the government there struggles with a ...

Until recently, Brett Schickler never imagined he could be a published author, though he had dreamed about it. But after learning about the ChatGPT artificial intelligence program, Schickler figured an ...

After years of delays and shifting timetables, work has begun in Vasiliko for the construction of a jetty to facilitate a floating LNG storage and regasification unit (FSRU), but the ...

Real estate company Altia on Wednesday announced that it has officially started its operations in the Cypriot market. The company highlighted the fact that it is the fastest-growing property company ...

The Finance Ministry on Wednesday announced that the Cabinet has approved a bill amending the Income Tax Law, allowing for an additional tax exemption, in the form of a capital ...

Britain’s big supermarkets say they have never been more competitive on price, yet their customers are still flocking to German-owned discount stores Aldi and Lidl. And the discounters’ supermarket ...

Trucks carrying Coca Cola roll across the border into Russia, tourists return from abroad laden with Zara’s latest designs, and local online marketplaces snap up IKEA’s furniture stocks. ...

The crypto market is quickly recovering from a draining 2022. There is a massive uptick in trading volumes despite the wavering economic landscape. Solana (SOL) and Aave (AAVE) are some of ...

Turkey’s central bank used $7 billion of reserves in the last two weeks to help steady the lira in the aftermath of devastating earthquakes, and reserves could remain under pressure ...

Toyota Motor Corp (7203.T), the world’s biggest automaker, said on Wednesday it would accept a union demand for the biggest base salary increase in 20 years and a rise in ...

The Cyprus University of Technology (Tepak) this week announced that a research team under its nursing department has been selected to participate in the Cyprus Seeds programme, one of only ...

Bond investors are starting to trim holdings of US debt to brace for a possible government default that they see as highly unlikely but potentially seismic for financial markets around ...

Cyprus’ trade deficit increased by 38.9 per cent between January and November 2022, reaching €6.8 billion compared to €4.9 billion in the corresponding period of 2021, according to a report released this week by the ...

The world of stablecoins is suddenly looking shaky. Seismic shifts may be afoot in the $137 billion market after New York-based Paxos Trust Company, which mints Binance’s stablecoin, said it ...

Yields of the short-term domestic bonds issued by the Republic of Cyprus marked a new rise fuelled by global tightening monetary policy on the backdrop of rising inflation. According to ...