Business

Cyprus’ trade deficit increased by 38.9 per cent between January and November 2022, reaching €6.8 billion compared to €4.9 billion in the corresponding period of 2021, according to a report released this week by the ...

The world of stablecoins is suddenly looking shaky. Seismic shifts may be afoot in the $137 billion market after New York-based Paxos Trust Company, which mints Binance’s stablecoin, said it ...

Yields of the short-term domestic bonds issued by the Republic of Cyprus marked a new rise fuelled by global tightening monetary policy on the backdrop of rising inflation. According to ...

Days before leaving office, President Nicos Anastasiades on Tuesday thanked employers organisations for their ‘close cooperation’ over the last 10 years, and urged them to continue working closely with his successor. ...

Eytan Morgenstern is facing a very expensive dilemma. The 36-year-old public relations professional has an opportunity to check something off his life ‘bucket list’: Seeing his favorite band, Metallica, play ...

Brent oil fell on Tuesday as concern about a global economic slowdown that would reduce demand prompted investors to take profits on the previous day’s gains, outweighing supply curbs. ...

With the crypto recovery, one area has caught investors’ attention: Non-Fungible Tokens (NFTs). Hit hard in the crypto bear market, NFTs have seen a resurgence of demand recently. Moreover, NFTs ...

Russian banks have rallied after an initial hit from last year’s Western sanctions against Moscow, with lenders now jostling for business from the state, particularly a burgeoning defence budget, ...

The rouble weakened on Tuesday despite increased demand for the currency ahead of month-end tax payments as President Vladimir Putin prepares to update Russia’s political and military elite on ...

The buying public is no longer confined to physical stores, as the e-commerce landscape expands with tech giants like Amazon at the forefront. According to Statista, e-commerce sales will increase ...

Luxury carmaker Jaguar Land Rover said on Tuesday it is opening three new engineering hubs in Europe to develop autonomous vehicle technologies as part of its partnership with Silicon Valley ...

The crypto sector is a gold mine for cryptocurrency fans familiar with their tokens. Investors have become interested in Bitgert (BRISE) and LUKSO (LYXe) because of how quickly they have ...

Cyprus successfully navigated three periods of serious calamity, outgoing president Nicos Anastasiades said on Monday, during an event held in his honour by the Cyprus Chamber of Commerce and Industry (...

Tough capital rules for banks holding cryptoassets must be fast-tracked in the European Union’s pending banking law if Europe wants to avoid missing a globally-agreed deadline, the bloc’s ...

Grant Thornton Cyprus, one of the leading tax and specialist advisory services firms on the island, on Monday announced that it has struck a deal that will result in increased ...

Tesco, Britain’s biggest retailer, will raise hourly pay for about 220,000 store workers by 7 per cent from April, another increase that will likely catch the attention of the Bank of ...

Telecoms gear maker Ericsson (ERICb.ST) plans to cut about 1,400 jobs in Sweden as part of a broader plan to reduce costs globally, it said on Monday. The company had ...

Lawmakers on Monday revisited the issue of reduced VAT on homes, with some trying to instill a sense of urgency on the matter as the European Commission continues breathing down ...

The Bank of Cyprus on Monday released its preliminary financial results for 2022, posting a profit after tax of €71 million for the entire year, marking a considerable increase over the €30 million ...

Oil prices rose on Monday amid optimism over China’s demand recovery, concerns that underinvestment will crimp future oil supply and as major producers keep output limits in place. Brent ...

Average asking prices for British residential property rose by just 14 pounds ($17) in February from January, the smallest rise on record for a month which normally sees a big seasonal increase, ...

Conflicts are a common occurrence in team environments. But why do they happen? And what can be done to resolve them? Let’s take a look at some of the ...

A management committee of a jointly owned building may sue and be sued, but does not act as a private prosecutor The powers of a management committee (MC) are limited ...

Shipping and logistics group A.P. Moller-Maersk (MAERSKb.CO) has agreed to sell its two logistics sites in Russia to IG Finance Development Limited, it said on Monday, nearly marking ...