Business

Israel’s finance minister on Sunday said Moody’s decision to cut the outlook for Israel’s sovereign credit rating was “not a big drama” and reiterated his stance that ...

Banks in the Middle East and Central Asia have very limited exposure to last month’s banking turmoil in the United States and Europe, but financial pressures are adding to ...

The Bank of Cyprus has become the first bank in Cyprus and Greece to receive approval from the European Central Bank (ECB) to pay dividends, it announced on Monday. The ...

Switzerland’s tradition of dependable consensus politics has taken a battering after the government used an emergency law to push through a state-backed mega-merger of UBS (UBSG.S) and Credit ...

The European Commission has just published the 2022 edition of the ‘EU Regional Competitiveness Index’. Published every three years since 2010, the Index has been measuring ‘the ability of a region to ...

Leading investment management company, VGI Partners, recently released its 2022 investor letter, revealing that it was making some adjustments to the way it assesses risk and reward. However, investors were left ...

Sales at Birkin bag maker Hermes (HRMS.PA) rose 23 per cent in the first quarter, above market expectations, as wealthy shoppers in China and Europe splurged on luxury fashion and ...

Tesla Inc (TSLA.O) on Friday slashed prices for its electric vehicles in Europe, Israel and Singapore, expanding a global discount drive it began in China in January while raising ...

Employers are expected to sound the alarm over labour unrest and uncertainty currently plaguing the economy when they meet on April 25 and will be looking to President Nikos Christodoulides for ...

Here’s a summary of the top business news stories from the week starting April 10: Cyprus’ trade deficit soared by €1 billion in the first two months of 2023, reaching €1.87 billion compared ...

It is the key measure needed to reduce reliance on pricey fossil-fuels Increased grid flexibility is critical if we are to produce more than 25 per cent of our electricity from ...

Boeing Co’s (BA.N) shares fell 6 per cent in premarket trading on Friday after the US planemaker halted deliveries of some 737 MAXs due to a new supplier quality problem ...

Cyprus Research and Innovation Center (CyRIC) is leading a multidisciplinary team in the development of the collaborative European project, BROMEDIR, under the EU’s Horizon Europe Programme. The project, launched ...

Japan on Friday approved a plan to build the country’s first casino in the western city of Osaka, paving the way for a 1.8 trillion yen ($13.5 billion) resort set to ...

Limassol mayor Nicos Nicolaides this week spoke on the city’s efforts to prepare for a busy tourist summer season, particularly in terms of visitors arriving on cruise ships. According ...

The Cyprus Securities and Exchange Commission CySEC this week announced its decision to impose a fine of €1 million on the Cyprus Investment Firm Itrade Global (Cy) Ltd. According to an ...

The Central Bank of Cyprus (CBC) reported this week that its January 2023 Bank Loan Survey had recorded stricter lending criteria for all categories of loans, resulting in reduced supply and ...

Paphos plans to strengthen its tourism industry through development and innovation, according to Kyriakos Drousiotis, chairman of the district’s regional board of tourism (Etap). Drousiotis emphasised the agency’s ...

Trading and investing platform eToro said on Thursday it has partnered with Elon Musk-led Twitter to let users access real-time prices of cryptocurrencies, stocks and other assets, and to enable ...

The 5th edition of the CASSINI Hackathon, which was organised by the non-governmental organisation C.I.P Citizens In Power in Cyprus, was held under the auspices of the Cyprus ...

Cryptocurrency ether leapt more than 5 per cent in early Asia trade on Friday as traders breathed a sigh of relief that a software upgrade this week ran relatively smoothly. The ...

The European Central Bank should speed up the reduction of its balance sheet and could stop reinvesting cash from debt maturing in its largest bond buying scheme to complement further ...

In the German town of Ratingen, exploding cash machines are a hot-button topic. Two got blown up early on the same morning last month, at branches of Santander and Deutsche ...

Bankrupt crypto exchange FTX has recovered over $7.3 billion in cash and liquid crypto assets, an increase of more than $800 million since January, the company’s attorney said on Wednesday at ...