Business

Pay ex-bonus +6.7 per cent vs Reuters poll +6.5 per cent Total pay growth slows to +5.9 per cent on bonus effect Bank of England worries about inflation heat in pay growth Unemployment ...

International hydrocarbon exploration and production company Energean on Tuesday announced that Israel has now officially entered the oil exporters club, after hydrocarbon liquids were transported from Karish. “Energean is delighted ...

Ford (F.N) plans to cut 3,800 product development and administration jobs in Europe in the next three years, the company said on Tuesday, citing rising costs and the need for ...

Big agricultural and construction equipment manufacturers in the American Midwest are on a mission to lure Silicon Valley tech workers who have been caught up in a wave of hiring ...

The Cypriot economy has achieved remarkable performance in recent years amid a period of sustained instability, a senior official with the International Monetary Fund (IMF) said on Tuesday. The comments ...

The European Union will on Wednesday launch an ad hoc group to investigate how billions of dollars in frozen Russian funds, including central bank reserves, can be used for reconstruction ...

Credit cards are becoming increasingly useless in Venezuela because of high inflation and government restrictions, hurting people already struggling to meet daily needs on low salaries, banking industry sources, analysts ...

i-BrainTech’s decision is seen as a vote of confidence in Cyprus Israeli sports technology company i-BrainTech, a pioneer in athletic brain training, on Tuesday announced its plan to expand ...

Meticulously crafted over decades as a major revenue stream for the Kremlin, Moscow’s gas trade with Europe is unlikely to recover from the ravages of military conflict. After President ...

The firm behind Binance’s stablecoin, Paxos Trust Company, said the US Securities and Exchange Commission (SEC) has told the company it should have registered the product as a security ...

Orbeon Protocol (ORBN), Polygon (MATIC) and Aave (AAVE) are three such tokens that are generating a lot of interest in the DeFi world. In fact, Orbeon Protocol (ORBN) has sold ...

Artificial intelligence will play a vital role in the future of the energy sector, especially as it continues to become more digital and decentralised, according to Cyprus Energy Regulatory Authority (...

Financial firms in Britain and the European Union remained under significant pressure to comply with diverging environmental, social and governance (ESG) rules over the past six months, KPMG’s Regulatory ...

The Cyprus-Greece Business Association on Monday released a statement congratulating newly elected president Nicos Christodoulides and wishing him “all the best with his challenging task”. In its statement, the association ...

The boss of European planemaker Airbus (AIR.PA) has read the riot act to executives about disappointing deliveries in January and warned them that in 2023 Airbus cannot deliver fewer jets ...

Risks over El Salvador’s embrace of bitcoin “have not materialized,” but use of the cryptocurrency still requires transparency and attention, the International Monetary Fund (IMF) said Friday in a ...

The European Union’s economy will avoid recession but headwinds continue to be an issue, according to the European Commission’s interim winter economic forecasts for 2023, presented by Economy Commissioner ...

European countries’ bill to shield households and companies from soaring energy costs has climbed to nearly 800 billion euros, researchers said on Monday, urging countries to be more targeted in their ...

Turkey’s worst earthquake in almost a century has left a trail of destruction that could cost Ankara up to $84.1 billion, a business group said, while a government official put ...

British employers expect to raise wages for their staff by the most in at least 11 years but the 5 per cent pay deals for workers would still fall well below expected ...

A Russian scheme to grant loan payment holidays to troops fighting in Ukraine, and for banks to write off the entire debt if they are killed or maimed, has added ...

Nestle (NESN.S) will pay a former manager 2 million Swiss francs ($2.2 million) compensation after a Swiss court upheld her claim of bullying while working at the company, newspaper Tages-Anzeiger reported. ...

Facebook parent Meta Platforms Inc (META.O) has delayed finalizing the budgets of multiple teams as it prepares a fresh round of job cuts, the Financial Times reported on Saturday. ...

Cyprus Airways carried more passengers in January this year than in 2019 before the start of the pandemic, the carrier announced on Monday. A total of 27,356 passengers travelled on the airline ...