Business

The Nord Stream 1 pipeline that transports Russian gas to Germany will undergo further maintenance, Gazprom said on Friday after scrapping a Saturday deadline to resume flows, deepening Europe’s difficulties ...

Italy’s net energy import costs are set to more than double this year to nearly 100 billion euros ($99.5 billion), the economy minister said, warning Rome could not spend indefinitely to ...

With the overall rapid growth of air travel, aircraft design is ripe for decarbonisation, but widespread electric flight requires better batteries and lightweight systems By Gareth Willmer As the aviation ...

Visitors to Cyprus would find it hard not to have noticed herds of goats chewing away on a dark, boomerang-shaped carob, or not sampled the dark velvety syrup, drizzled on ...

Russia does not support an oil production cut at this time and it is likely OPEC+ will keep its output steady when it meets Monday, the Wall Street Journal reported ...

The EU has finally woken-up to the seriousness of the problem High energy prices are here to stay for many years to come. Last week, Shell’s CEO, Ben van ...

Melissa Hekkers went on board to see the sinking of 60 amphorae By 10am the boat that was driving us to our meeting point was anchored in place. At about one ...

An unbelievably frustrating experience at Larnaca airport with Wizz Air By Katerina Nicolaou What is best? A cold Alexa goddess or a displaced Cypriot girl consumed by the emotion that ...

Cyprus borrowed heavily with low-cost bond issues to finance their excessive current expenditures Economic and financial crises in the euro area are fast developing. With supply-side problems most strikingly reflected ...

European gas buyers already grappling with record-high prices face further pain when the markets open on Monday after Russia said one of its main supply pipelines to Europe would remain ...

President of the European Central Bank (ECB), Christine Lagarde, will be in Cyprus next month. This will be her second visit to the island this year. This time the President ...

Namibian offshore oil and gas discoveries by TotalEnergies (TTEF.PA) and Shell (SHEL.L) are of commercial quantities, likely in the billions of barrells, the southern African nation’s mines ...

In a rare instance of criticism among their own, European Council President Charles Michel has said the European Commission led by Ursula von der Leyen has been late in responding ...

Meta Platforms Inc (META.O) signed an agreement to have chip-maker Qualcomm Inc (QCOM.O) produce custom chipsets for its Quest virtual reality (VR) devices, the companies announced at a ...

Just as inflation ravages the big guns of US apparel retail, awash in high inventory and deep discounts to lure shoppers back to stores, Japan’s Uniqlo is set for ...

By Andreas Charalambous The Government of the Republic of Cyprus, following a prolonged dialogue with employers’ associations and trade unions, announced the adoption of a national wide minimum wage. The ...

Exxon Mobil Corp (XOM.N) and Shell Plc (SHEL.L) on Thursday confirmed the sale of their California oil joint-venture Aera to German asset manager IKAV for $4 billion, ending a 25...

The ARIS Innovation centre announced the successful completion of two ERASMUS+ projects on the topics of Female Empowerment in Science, Technology, Engineering and Mathematics (FeSTEM) and the promotion of Social ...

A step forward for the Cybersecurity efforts of the Cypriot government is the approval for the EU co-financing of the N4CY project for the development of the National Coordination ...

Britain’s prime minister in waiting Liz Truss models herself on Margaret Thatcher, judging by her photo ops echoing famous images of the country’s first female premier. If Truss ...

Finance Minister Constantinos Petrides on Saturday welcomed Cyprus’ upgrading by American credit rating agency S&P, which has revised the country’s credit rating from BBB-/A3 to BBB/...

Inflation in August 2022 increased by 8.9 per cent in Cyprus, according to data published by the Statistical Service of Cyprus on Friday. The Consumer Price Index decreased by 0.29 units and reached 113.34 ...

The Research and Innovation Foundation of Cyprus has drawn attention to the new Attract2Invest programme which supports early-stage start-ups, including those from Cyprus. The EIT Health’s Attract2Invest ...

Economists have come out in support of the recently agreed upon minimum wage, saying that this will benefit both low-paid workers, as well as the economy. Businesses on the other ...