Business

BP (BP.L) reported fourth-quarter earnings of $3 billion on Tuesday, exceeding forecasts thanks to strong gas trading, and increased the pace of its share repurchases in a sign of confidence ...

After the SEC’s decision on Bitcoin (BTC) ETFs introduced new positive sentiment for the cryptocurrency market, BTC is set to deliver higher prices as bullish momentum pushed it to $42,000 ...

UBS (UBSG.S) said on Tuesday it would restart share buybacks and lifted cost-cutting targets, saying the integration of fallen rival Credit Suisse was on track, but higher expenses made ...

Japan’s Toyota Motor (7203.T) raised its full-year operating profit forecast by nearly 9 per cent on Tuesday, after its third-quarter earnings raced past analysts’ estimates thanks to a weaker yen ...

Looking for ideal long-term investments for your portfolio? Consider SEI, Celestia (TIA), and Algotech (ALGT). While SEI’s recent integration sparks global adoption, Celestia’s modular network attracts investors. Meanwhile, ...

Short-term rental properties are increasing in popularity in Cyprus, quickly becoming a mainstay in the accommodation choices of both travellers and locals, according to Yiannis Kotzias, general manager of operations ...

Consulting and advisory firm PwC Cyprus this week announced that it hosted another successful ACCA Award Ceremony, held at the organisation’s Experience Centre, in the presence of Philippos Soseilos, ...

Societe Generale (SOGN.PA) plans to cut about 900 jobs at its Paris headquarters through voluntary departures, France’s third-biggest listed bank said on Monday, adding to a wave of job ...

German exports fell more than expected in December due to weak global demand, data from the federal statistics office showed on Monday. Exports fell by 4.6 per cent in December compared ...

By year’s end Cyprus should have a national financial sanctions implementation unit, bringing the island up to speed with best practices in combating illicit finance, the finance ministry said ...

The Electricity Authority of Cyprus (EAC) may end up hiking its rates by up to 25 per cent should it win an ongoing case in court, MPs heard on Monday. Andreas ...

Global air cargo demand experienced a notable resurgence in 2023, particularly with a strong fourth-quarter performance despite economic uncertainties, according to recently released data by the International Air Transport Association (IATA). ...

The government on Monday signaled it may have to take “painful decisions” regarding the liquefied natural gas (LNG) terminal project in Vasiliko, as the contractor itself blamed the Cypriot side ...

The number of registered unemployed individuals in Cyprus saw a significant decrease of 12.3 per cent on an annual basis in January 2024, according to a report released this week by the ...

Finance Minister Makis Keravnos on Monday met the new board of the Cyprus Telecommunications Authority (Cyta) to discuss goals relating to the transition to a green economy and digital technology. ...

An Australian computer scientist’s claim to be the inventor of bitcoin is “a brazen lie”, lawyers representing a Jack Dorsey-backed group told a London court on Monday as a ...

The U.S. Senate on Sunday unveiled a $118 billion bipartisan border security bill that would also provide aid to Ukraine and Israel, but it promptly slammed into opposition from the ...

The Cyprus Securities and Exchange Commission (CySEC) has announced that it recently reached settlement agreements with two Cypriot companies, the Cyprus Trading Corporation, and Woolworth (Cyprus) Properties. In both instances, ...

Turkish Cypriot lawyer Akan Kursat, suspected and wanted for selling Greek Cypriot properties in the north, will be extradited to Cyprus this week from Italy, where he was arrested, authorities ...

Britain’s unemployment rate was much lower late last year than previously thought, the Office for National Statistics said on Monday, citing re-weighted survey results that might add to the ...

Volvo Cars’ (VOLCARb.ST) sales increased 10 per cent to 53,402 cars in January from a year earlier, helped by a 40 per cent jump for fully electric models in Europe, the Sweden-based ...

The dollar rose to an eight-week top against its major peers on Monday as traders clawed back bets for aggressive rate cuts by the Federal Reserve this year in view ...

Oil prices nudged higher on Monday, recovering from sharp falls last week, after Washington pledged to launch further strikes on Iran-backed groups in the Middle East and as Ukrainian drones ...

Electricity costs have been getting higher and higher, and it’s becoming a major issue. To tackle this, the government has been introducing all sorts of incentives to encourage investment ...