Business

European Central Bank policymakers see a rising risk that they will have to raise their key interest rate to 2 per cent or more to curb record-high inflation in the euro ...

Visa Inc (V.N), the world’s largest payments processor, said on Saturday it will implement a new merchant category code for US gun retailers, which will identify transactions at ...

The Turkish central bank’s foreign currency reserves are getting stronger as friendly countries are providing support, President Tayyip Erdogan said, broadcaster Haberturk reported on Friday. The central bank’s ...

The United Arab Emirates’ tourism revenues were 19 billion dirhams ($5.17 billion) in the first half of 2022, its vice president said on Sunday in a tweet. Numbers of hotel guests rose 42 per ...

It is time for Cyprus to move from words to action As we approach winter the global energy crisis is getting worse and worse. It has shifted from a situation ...

By Andreas Charalambous and Omiros Pissarides Saudi Arabia has traditionally based its policies on exploiting its natural wealth. Its government/administrative structure rests on the power of the Saud family ...

Ethereum, the blockchain that underpins the world’s second-largest crypto token ether, will soon undergo a major software upgrade that promises to slash the amount of energy needed to create ...

A scramble by US carriers to fill empty cockpits is fueling cost pressures just as mounting economic worries have cast a shadow on travel demand, sparking concerns about debt-laden airlines’ ...

The US ban on exports to China of Nvidia and AMD’s flagship artificial intelligence chips will create new business opportunities for domestic startups jockeying for a piece of China’...

BMW will power its new class of electric vehicles to be released in 2025 with cylindrical battery cells made in six factories by partners including China’s CATL and EVE Energy ...

Greek Prime Minister Kyriakos Mitsotakis is expected on Saturday to announce further funding to cushion the impact of an energy crisis and soaring inflation on the nation’s households, a ...

Finance Minister Constantinos Petrides on Friday described Cyprus’ impressive score in the Greenfield foreign direct investment (FDI) performance index as exceptionally important for both jobs and incomes, particularly during the ...

The Cyprus Chamber of Commerce & Industry (Keve) this week said that Eurochambers, the association of European chambers of commerce, has requested immediate support measures for businesses against the rising ...

By Ioannis Tirkides In a previous article, we published in these pages, titled, ‘A new era of monetary policy is just beginning’, we discussed the changing monetary landscape in the ...

Association for the Protection of Borrowers (Syprodat) this week welcomed the Central Bank of Cyprus’ call for tenders for a project to digitally verify the data of bank clients. The ...

Member firms of Ernst & Young (EY) in the Greater China region will not participate in a global plan by the professional services firm to split its audit and consulting ...

Bitcoin surged past the $20,000 barrier and was potentially heading for its best day in six months on Friday as the US dollar fell broadly and markets found reasons to be ...

Energy Minister Natasa Pilides announced the upcoming visit of the Energy Commissioner Kadri Simson, in a statement after the conclusion of the extraordinary meeting of energy ministers in Brussels on ...

The Bank of England on Friday postponed next week’s interest rate decision following the death of Queen Elizabeth, its first delay to a monetary policy meeting since the central ...

Nearly 12 months ago, Turkey’s central bank embarked on a rate-cutting cycle in the face of soaring inflation, defying traditional monetary policy and running against a global trend of rising ...

Gear Education, a new boutique firm specialising in education technology services, earlier this month became Cyprus’ first and only Google for Education partner. The company works closely with schools to ...

Russia warned the West on Friday that plans to try to cap the price of Russia’s oil and gas exports in retaliation for the war in Ukraine would fail ...

The euro rose back above parity to a two-week high against the dollar on Friday following a large rate hike and hawkish comments from the European Central Bank, while a ...

Oil prices rose on Friday as investors considered Russia’s threat to halt oil and gas exports to some buyers, but crude was set for a second weekly decline as ...