Business

U.S. retail sales increased more than expected in October as households stepped up purchases of motor vehicles and a range of other goods, suggesting consumer spending picked up early ...

High labour costs and unhindered access to energy and raw materials are the main challenges expected to be faced by Cypriot businesses in 2023, based on the 30th annual edition of ...

Saudi Arabia has signed investment agreements worth around $30 billion with South Korean companies, Asharq TV quoted the Kingdom’s investment minister Khalid Al-Falih as saying on Thursday. The Saudi-based TV ...

President Vladimir Putin urged the Russian government on Wednesday to control car prices, as one industry head said Western sanctions could send annual sales crashing to below 1 million for the ...

Half a litre of beer will cost 50 Qatari riyals (13 euros) inside the main fan zone at the World Cup in Qatar, a source with knowledge of alcohol sales at the ...

Surging household energy bills and food prices pushed British inflation to a 41-year high, data showed a day before finance minister Jeremy Hunt announces “tough but necessary” tax hikes and ...

Italy’s new prime minister Giorgia Meloni needs urgently to rein in a bloated pension system that absorbs most social spending and looks increasingly unsustainable in the face of surging ...

The dollar on Wednesday traded just above multi-month lows against most majors as flows that had supported the safe-haven currency slowed after Joe Biden said a missile that caused an ...

Barclays economists on Wednesday cut their global economic growth forecast for 2023 as inflation is seen unlikely to fall quickly, forcing monetary policy to be ‘restrictive’. The brokerage warned that 2023 looks ...

Collapsed crypto exchange FTX outlined a “severe liquidity crisis” in U.S. bankruptcy filings, which said the group could have more than 1 million creditors, as regulators opened probes and the ...

Government agencies on Tuesday agreed in principle with the notion of windfall taxes for fuel companies and renewables producers – as proposed by main opposition party Akel – but voiced reservations about ...

The Electricity Authority (EAC) board of directors on Tuesday called on workers to reconsider their decision to strike later in the week, to avoid inconveniencing the public. “In an international ...

Britain’s unemployment rate unexpectedly rose and vacancies fell for a fifth report in a row as employers worried about the outlook for the economy, official data showed on Tuesday, ...

The voluntary retirement scheme agreed with the bank employees’ union Etyk will cost Hellenic Bank an estimated €85 million and would lead to the departure of between 400 and 500 workers. The agreement ...

One of the most promising biotech companies in Cyprus currently is Promed Bioscience. They produce collagen-based biomaterials including highly purified medical-grade atelocollagen among others. They have announced the closing of €800...

International Monetary Fund Managing Director Kristalina Georgieva warned G20 leaders on Tuesday against allowing trade protectionism to “take root” and said the fragmentation of the world economy into geopolitical blocs ...

Collapsed crypto exchange FTX outlined a “severe liquidity crisis” in official bankruptcy filings released on Tuesday, as regulators opened probes and called for the faster implementation of rules for the ...

The crypto market is experiencing extreme volatility, but it’s not uncommon for veteran crypto traders. Investors are searching the market for opportunities for potential gains in the short term ...

U.S. Treasury Secretary Janet Yellen said she hopes President Joe Biden’s meeting on Monday with Chinese President Xi Jinping leads to increased engagement on macroeconomic issues between the ...

Britain and the euro zone economies are likely to tip into recession next year, Morgan Stanley said, but the United States might make a narrow escape thanks to a resilient ...

The law passed last week by the House set to freeze foreclosures until the end of January 2023 has a slew of interpretive issues, financial ombudsman Pavlos Ioannou said on Monday. ...

The world is moving towards renewable energy, such as PV, in an effort to limit climate change and offset dwindling and progressively more expensive and difficult to extract conventional (coal, ...

The powers vested in the Court of Appeal do not give it jurisdiction to review its decisions or orders, except in rare cases, where it can set aside a decision ...

By Antonis Loizou FRICS Our protests about the non-functional common expenses law and other related legal disputes are well known. While the issue is very serious and its results are ...