Business

The Paphos tourism board (Etap) this week has released a statement congratulating the Paphos municipality for competing among other cities in order to be designated as the European Capital of ...

Interior Minister Nicos Nouris on Thursday said that the government’s adoption of a new strategy designed to attract international businesses to Cyprus has led to significantly increased interest from ...

The Turnover Value Index of Wholesale Trade in Cyprus during the second quarter of 2022 rose by 33.4 per cent, compared to the corresponding quarter of the previous year, according to data ...

After reaching the target of surpassing the number of flights recorded last year, the deputy ministry of tourism is preparing for a “difficult” 2023, as the end of the war in ...

HSBC Holdings Plc told Reuters on Thursday it will stop financing the expansion of thermal coal from funds it manages actively with immediate effect, marking an acceleration of a broader ...

A Federal Reserve dead-set on fighting inflation is leaving little hope that this year’s rocky markets will end anytime soon, as policymakers signal rates rises faster and higher than ...

The Bank of England raised its key interest rate to 2.25% from 1.75% on Thursday and said it would continue to “respond forcefully, as necessary” to inflation, despite the economy probably already ...

By Liam Proud Banks usually make for tricky private equity targets. Turnoffs include demanding regulators and high leverage, which stops buyers from piling on further debt. But when prices are ...

Consumer inflation in Sri Lanka accelerated to 70.2% in August,the statistics department said on Wednesday, as the island nation reels under its worst economic crisis in decades. The National Consumer ...

The dollar surged to a fresh two-decade high and stocks slid on Thursday with investors unsettled by the Federal Reserve’s aggressive outlook for US interest rates and braced for ...

Oil rebounded on Thursday after sliding 1 per cent in the previous session as concerns over tight supplies heading into winter eclipsed fears of a global recession. Brent crude futures rose 15 ...

Emmanuel Lefebvre produces thousands of tonnes of endives on his farm in northern France annually, but this year he may abandon his crop because of the crippling energy costs required ...

Britain’s communications regulator said it would investigate the position of cloud “hyperscalers” Amazon, Microsoft and Google, which together account for around 81 per cent of revenue in the market, to ...

Nobody knows what the future holds; the only thing we can do is predict based on the facts and happenings of today. From all available facts and figures, it will ...

Germany nationalised gas importer Uniper (UN01.DE) on Wednesday and Britain capped the wholesale cost of electricity and gas for businesses, in Europe’s latest moves to keep the lights ...

Cypriot company Point Nine this week announced that its third annual conference was successfully held at the Four Seasons Hotel in Limassol on Friday, September 16, attracting a number of stakeholders ...

The Cyprus Fiscal Council on Wednesday said the 2023 state budget should be designed in such a way that it bolsters the Cypriot economy’s presently-satisfactory resilience, primarily to the worrying ...

Nasdaq Inc (NDAQ.O) is placing a big bet on the cryptocurrency market, with the launch of a digital assets business that is aimed at tapping institutional investors. The new ...

Planemaker Boeing Co (BA.N) said on Tuesday it plans to cut about 150 finance jobs in the United States this year to simplify its corporate structure and focus more resources ...

France’s nuclear watchdog ASN on Wednesday said it had found no traces of nuclear radiation after a fire broke out at a plant containing uranium in southeastern France run ...

Some 57% of British consumers have been severely or moderately affected by the cost of living crisis so far, and in three months that figure is expected to rise to 76%, based ...

On May 11, Scott Odell, an analyst at British crypto lender Blockchain.com, instant messaged Edward Zhao of Three Arrows Capital asking that the Singapore hedge fund repay at least part ...

Hospitality venue owners on Wednesday voiced their growing concerns over the soaring cost of electricity, urging the government to find adequate solutions to prevent businesses having to close down. Speaking ...

The dollar jumped to a new two-decade high on Wednesday, as a decision by Russia’s President Vladimir Putin to mobilise more troops for the conflict in Ukraine rattled markets ...