Business

By Elias Hazou and Iole Damaskinos A rise in the cost of electricity is inevitable for Cyprus beginning in early February, due to the country’s reliance on electricity production ...

The outgoing government will hand over an economy built on solid foundations, as well as a state apparatus ready to respond to any unforeseen crises, President Nicos Anastasiades said on ...

The main criticism of investing in cryptocurrencies is that they are too volatile and risky. Many of the coins on the market today do not offer long-term stability and profitability. ...

South Korean battery maker LG Energy Solution (373220.KS) said on Monday it plans to invest 4 trillion won ($3.1 billion) from this year to 2026 in a facility making batteries for electric vehicles ...

With rising interest rates and limited supply putting home ownership out of reach for a growing number of people in emerging Europe, global and local real estate investors are placing ...

The Paphos Chamber of Commerce and Industry (Evep) on Monday vowed to provide training resources for SMEs and entrepreneurs, including both existing and future ones, as well as examples, best ...

Rating agency DBRS Morningstar this week said that Cyprus was one of only five countries whose credit rating it upgraded during 2022, a year marked by a plethora of challenges, all ...

Insurers are denying or limiting coverage to clients with exposure to bankrupt crypto exchange FTX, leaving digital currency traders and exchanges uninsured for any losses from hacks, theft or lawsuits, ...

The European Commission on Monday said it has warned Facebook parent company Meta (META.O) that it is breaching EU antitrust laws by distorting competition in markets for online classified ...

Shareholders in Uniper UN01.DE on Monday approved a state bailout that has so far cost the German government more than 50 billion euros ($53 billion), paving the way for a de ...

Britain‘s government said on Monday that it would freeze taxes on alcohol until August, reversing a decision taken only two months ago by finance minister Jeremy Hunt and partially ...

“Fortnite” creator Epic Games will pay $520 million to settle allegations that it illegally collected children’s personal information and tricked people into making purchases, the Federal Trade Commission and the ...

Nicola Osypka’s German company has been selling medical devices used in surgery on newborn babies in Europe for decades, but new European Union rules have forced her to make ...

Kassatly Group Holding, a major player in the regional beverage sector, said that it will move to the island by the end of next year Lebanese drinks giant Kassatly Group ...

A revamp of Spain’s labour rules has led to a 142 per cent rise in young workers with permanent contracts in a country where rates of youth unemployment and under-employment ...

In Britain, the damage wrought by rampant inflation can be seen in the fate of the humble egg. With war in Ukraine driving energy and chicken feed costs higher, farmers ...

Speculation is mounting among investors in Cardano’s (ADA) cryptocurrency as development on the platform continues to move forward. As a result, more and more investors are wondering what the ...

Cyprus Airways on Monday announced that it registered a 406 per cent increase in flights in November of this year, compared to the same month of 2021. The company said that it ...

It may be ordered by applying for a writ of mandamus to the Supreme Court Every person exercising public authority must properly apply the law for the benefit of the ...

German business morale rose more than expected in December as Europe’s largest economy approached the end of the year with an improved outlook despite the energy crisis and high ...

The holiday season is a time when people are looking for ways to make extra money and the crypto market is no different. With the rise of digital currencies, investors ...

I have studied the reports on the proposal to create a golf course in the area of Cape Greco by the Department of Forestry and the auditor-general, who is against ...

British retail sales slid unexpectedly in November, despite the men’s soccer World Cup and the Black Friday sales promotions, showing the stress felt by many households as the cost-of-living ...

Aluminium makers are set to boost low-carbon metal output by 10 per cent in 2023 and churn out even more in the years ahead, driving down the cost for carmakers seeking climate-friendly ...