Business

A group of Credit Suisse AT1 bondholders has filed a class action suit accusing former executives at the Swiss bank, including three past chief CEOs, of being responsible for the ...

Turkey’s central bank is expected to raise its policy rate sharply on Thursday in a strong signal that re-elected President Tayyip Erdogan has accepted some steps toward economic orthodoxy ...

By Anna Mylona In the wake of the pandemic and the relentless march of technology, businesses worldwide have experienced a significant transformation in the realm of work. As this new ...

The Cypriot banking system presents the lowest rate of transmission of increased interest rates to deposit rates, according to an analysis report released this week by rating agency DBRS Morningstar, ...

The Career Success Centre at the University of Nicosia recently concluded a series of highly successful career exhibitions, focusing on the fields of business administration, health sciences, accounting, informatics, and ...

The net interest income of the Cypriot banking system nearly doubled in the first quarter of 2023 compared to the corresponding period last year, showing an increase of 85.7 per cent or €182.71 ...

British house prices increased by 3.5 per cent in the 12 months to April, the Office for National Statistics (ONS) said on Wednesday, slowing from the 4.1 per cent rise in March. London ...

Saudi Arabia has allocated $7.8 billion worth of investments for Expo 2030, state news agency SPA reported earlier this week. “I highlighted the Kingdom’s investment of $7.8 billion in the Expo and ...

Interior Minister Constantinos Ioannou on Wednesday presented the support plan ‘ktiZO’ for renovation and new apartments at refugee housing estates. Speaking at the conference, Ioannou announced that the non-profit organisation ...

It is high time a comprehensive solution to the issue of ‘trapped buyers’ is found, the House labour committee concluded on Wednesday, as deputies stressed their determination to tackle the ...

Limassol district court on Wednesday rejected a lawsuit filed by depositors in the former Laiki Bank against the state in relation to the haircut on deposits in 2013. The attorney general’...

In the competitive world of cryptocurrency investments, Spectra (SPCT) emerges as a promising contender, poised to surpass established players like Aave (AAVE) and Aptos (APT). With its unique features and ...

Cyprus has recorded a drop of five positions in the competitiveness ranking of the IMD World Competitiveness Centre for the third consecutive year, falling from the 40th position to the 45...

The German economy will contract more than previously expected this year as sticky inflation takes its toll on private consumption, the Ifo Institute said on Wednesday while presenting its forecasts. “...

Payments company Mastercard (MA.N) on Wednesday launched a global project to recycle credit and debit cards as part of a plan to save the billions of cards in circulation ...

British inflation defied predictions of a slowdown and held at 8.7 per cent in May, putting yet more pressure on the Bank of England a day before it is expected to ...

Britain’s public sector net debt surpassed 100 per cent of gross domestic product in May as borrowing came in higher than expected, the Office for National Statistics said on Wednesday. ...

In a volatile turn of events, Bitcoin (BTC) has suffered a significant blow, plummeting below the $25,000 mark as the Federal Reserve adopts a hawkish stance. However, amidst the regulatory challenges ...

Have you heard of the concept of ‘passive income’? It refers to the earnings generated from assets or investments that require minimal effort or time to maintain. Running a side ...

Deputy Minister of Research, Innovation and Digital Policy Philippos Hadjizacharias this week described the Cyprus University of Technology (Tepak) as a fundamental pillar for knowledge and research on the island. ...

The Cyprus Chamber of Commerce and Industry (Keve) this week announced that its business mission, led by Deputy Minister of Tourism Kostas Koumis, departed on Tuesday for the city of ...

British grocery inflation eased slightly for the third month in a row in June, industry data showed on Tuesday, providing a modicum of comfort for consumers worn down by a ...

The European Commission plans to propose measures this year to address security risks posed by outbound investments as well as reinforcing export controls on goods that have both civilian and ...

Turkey raised monthly minimum wage by another 34 per cent beginning on July 1, the government said on Tuesday, bringing it to a net 11,402 lira ($483) for the second half of the year ...