Business

President Nicos Anastasiades said on Friday night he was cautiously optimistic that the island, as in the crisis of 2013 and the Covid-19 pandemic will emerge stronger from the new crisis ...

The Central Bank of Cyprus released a report this week noting that the country’s international investment position (IIP) improved slightly at the end of the first quarter. In addition, ...

Harmonised inflation rose to 9.1 per cent in Cyprus in June compared with June last year, marking a new historic record, pushed by the soaring prices in energy. According to a ...

By Charles Ellinas The news is that the President requested a meeting with the ministers of energy and finance, the Cyprus Energy Regulation Authority (CERA) and the Electricity Authority of ...

Fifteen Black former or current employees at Tesla filed a lawsuit against the electric car maker on Thursday, alleging they were subjected to racial abuse and harassment at its factories. ...

Those hoping for immediate relief from the continuous surge in energy prices may be disappointed in today’s meeting on the issue, with top officials instead looking towards longer-term solutions. ...

The Cyprus Chamber of Commerce (Keve) on Thursday successfully held the fourth edition of the Cyprus Diplomat of the Year awards, with Kuwait ambassador Waleed Ahmad Al-Kandari receiving the titular ...

Lebanon’s untamed financial crisis is gathering new menace as it heads into a fourth year, with political paralysis dampening hope of reforms that could unlock foreign support and stave ...

Sterling fell on Friday against the dollar and Swiss franc as renewed fears of a global recession knocked the risk sensitive British currency. After its biggest six-month decline since 2008 against ...

Turkish manufacturing activity contracted for a fourth consecutive month in June as weakening demand prompted companies to curb production, a business survey showed on Friday. Turkey’s Purchasing Managers’ Index (...

Oil prices fell on Friday, extending the previous day’s plunge, as lingering fears of a recession weighed on sentiment, putting the benchmarks on track for their third straight weekly ...

Not a lot of confidence is going around today’s cryptocurrency investment sphere. With rising inflation and the great crypto crash that happened in May, many investors are taking on ...

Hellenic Bank remains focused on its goal for a long-term positive impact on society and the environment. This commitment is also reflected in the Bank’s Annual ESG Impact Report ...

North Korean hackers are most likely behind an attack last week that stole as much as $100 million in cryptocurrency from a US company, three digital investigative firms have concluded. The ...

The amount of total deposits in the Cypriot banking system decreased in May, but still represented nearly double the amount of loans, according to a report released by the Central ...

The average gross monthly earnings of employees during the first quarter of 2022, amounted to €2,019 compared to €1,891 during the first quarter of 2021, according to a report released this week by the ...

Investors knew that, after two years of COVID-19 chaos, 2022 would be a bumpy ride, but nobody expected this – the most turbulent first-half global markets have ever seen. To grasp just ...

Crypto hedge fund Three Arrows Capital (3AC) has entered liquidation, a person familiar with the matter told Reuters on Wednesday, in the latest sign of the market downturn hurting the ...

Facing the toughest economic conditions in decades, Britain’s supermarkets are cutting product ranges, searching for cost savings and patrolling each other’s stores to check prices and products as ...

Top oil exporter Saudi Arabia may raise prices of light crude grades to Asia for the second straight month in August on the back of record distillate margins and strong ...

The European Union on Thursday will seek agreement on ground-breaking rules for regulating crypto assets as the rout in bitcoin piles pressure on authorities to rein in the sector. Globally, ...

Consumers continue to adjust their purchasing habits in order to better deal with supply chain disruptions and soaring inflation, according to the latest edition of the PwC Global Consumer Insights ...

Cyprus Union Of Shipowners president Andreas Hadjiyiannis on Wednesday hailed the recent decision by the European Parliament to approve shipping’s inclusion in the EU emissions trading system. The plan ...

Russian lender VTB’s (VTBR.MM) VTB Factoring subsidiary and fintech company Lighthouse have executed the country’s first cash-backed digital financial asset transaction, the bank said on Wednesday. In ...