Business

Air travel restrictions imposed during the Covid-19 pandemic almost halved airport revenues in 2020, according to the annual Airport Economics Report and key performance indicators (KPIs) by Airports Council International (ACI) ...

The growth rate of the Cypriot economy grew by 5.9 per cent year-on-year in the first quarter of 2022 according to a report by the Cyprus Statistical Service (Cystat) released on Wednesday. ...

The unemployment rate fell to 6.6 per cent in the first quarter of 2022, a fall of 2 per cent year-on-year, with total employment increasing by 28,659 people, according to a report by the ...

The Producer Price Index in Industry for the month of April 2022 reached 123.8 points (base 2015 = 100), recording an increase of 19.5 year-on-year, according to a report by the Cyprus Statistical Service (Cystat) released ...

Tesla Chief Executive Elon Musk has asked employees to return to the office or leave the company, according to an email sent to employees on Tuesday night and seen by ...

A New York couple accused of laundering $4.5 billion in cryptocurrency tied to the 2016 hack of digital currency exchange Bitfinex are still negotiating a possible plea deal while reviewing more than 1.1 ...

Russia’s central bank said on Tuesday that the role of the dollar and the euro as global currencies would decline as central banks rethink their strategies after the West ...

Russian manufacturing activity expanded in May after three months of contraction and price pressures eased notably, but sanctions continued to dent client demand, a survey showed on Wednesday. The S&...

Some OPEC members are considering the idea of suspending Russia in an oil production deal as Western sanctions hurt the nation’s ability to produce more, the Wall Street Journal ...

Turkish state-owned energy importer BOTAS said on Wednesday it had raised natural gas prices for households, industry and electricity production, with the price for households raised by 30 per cent. Separately, ...

Refiners worldwide are struggling to meet global demand for diesel and gasoline, exacerbating high prices and aggravating shortages from big consumers like the United States and Brazil to smaller countries ...

For Oleg Kechin, owner of a chain of barbershops, forecasts that Russia will be plunged into its deepest economic crisis in a generation feel overdone. US President Joe Biden may ...

The Industrial Production Index for the month of March 2022 reached 135.7 points (base 2015 = 100), recording an increase of 6.9 per cent year-on-year, according to data released this week by the Cyprus Statistical Service (...

University of Cyprus economics professor Marios Zachariadis on Tuesday said that tackling inflation requires an immediate and drastic increase in interest rates combined with targeted fiscal measures that will not ...

For a company’s business strategy to work successfully, it must be based on changes taking place in the economy and in each sector, on political developments and on the ...

Eurozone inflation rose to another record high in May, boosting government bond yields as markets saw the data as a challenge to the European Central Bank’s view that gradual ...

If you assumed crypto was just a young person’s game, think again. More people in the United States than ever before are turning to cryptocurrencies to help fund their ...

By Nicos Andronicou Never has the world needed sustainable action more vigorously than it does at the present moment. If the global pandemic taught us anything, it is that the ...

GSK (GSK.L) said on Tuesday it would pay up to $3.3 billion to acquire privately held biopharmaceutical firm Affinivax to bolster its vaccine pipeline, a key area of focus as ...

Turkey’s annual economic growth was 7.3 per cent in the first quarter, slightly more than expected data showed on Tuesday, driven by strong demand, manufacturing and exports even as fallout ...

Prudent traders and investors claim crypto is the most volatile market globally. One day you are at the peak, and the other day you are at a depth of the ...

When your small business begins to grow, it may be time to think about franchising. Franchising can help your business grow more quickly and it can help you expand into ...

Oil prices extended gains on Tuesday after the EU agreed to slash oil imports from Russia, fuelling worries of a tighter market already strained for supply amid rising demand ahead ...

British supermarket groups are set to enjoy a mini-boost to trade as Britons put aside their cost of living worries for a few days and prepare to celebrate Queen Elizabeth’...