Business

In the weeks that followed Russia’s invasion of Ukraine, western Europe’s big economies began to falter. But further east it was still boom-time thanks to double-digit wage hikes ...

The worst is over for German airline Lufthansa (LHAG.DE) after staff shortages caused flight chaos over the summer, but levels of sick leave remain challenging, board member Christina Foerster ...

India’s financial crime-fighting agency said on Friday it had frozen the assets of WazirX, linked to the world’s largest digital currency exchange Binance, as part of its investigation ...

Biggest rate increase for 27 years By St John Coombes This week the Bank of England increased interest rates by 0.5 per cent, taking interest rates to 1.75 per cent. This is the ...

By Andreas Charalambous and Omiros Pissarides Recent developments suggest that the US and the EU are moving towards stagflation, that is the coexistence of inflation and low economic growth, with ...

By Gregoris Savva Debt restructurings in Cyprus declined to €545 million in the first half of 2022, with loan renegotiations slowing down following a record 2021 due to the Covid-19 pandemic, and as ...

The shortages of computer chips that forced global automakers to scrap production plans for millions of cars over the past two years are easing – at a new and permanent cost ...

In the world of cryptocurrency, new players are emerging onto the scene. Some of these players are here to stay, while others quickly fizzle out. It can be difficult to ...

Talk of changes to the Bank of England’s powers has revived a debate on whether central banks should be independent of governments and in what way. Central bankers are ...

Chromebooks, the laptops or tablets running Google’s Linux-based Chrome OS, continue to experience a decline in sales for the fourth consecutive quarter, according to a report released this week ...

By Andrew Dunne Gardening is proven to be healthful and joyful, but as more of us discover the joys of working in the garden for the first time, some basic ...

By Zsolt Darvas Rising inflation has triggered monetary tightening in several countries, and the resulting higher interest rates raise concerns about public debt sustainability in countries with high public debt. ...

Cyprus Association of Hotel Managers president Christos Angelides on Friday said that the hotel occupancy rate in the Famagusta district is expected to reach between 85 and 90 per cent in August. “...

After eight months of steady downward price action, Bitcoin and the bulls have fought back. Bitcoin has pushed through the resistance of the 50-day moving average and turned it into ...

Nexters, an international game development company headquartered in Limassol, this week released its financial and operational results for the first quarter of 2022. In addition, the company also announced changes to ...

Amazon.com Inc (AMZN.O) will acquire the maker of robot vacuum cleaner iRobot Corp (IRBT.O) in an all-cash deal for about $1.7 billion, in the latest push by the ...

The US Bankruptcy Court in New York has given crypto firm Voyager Digital Holdings Inc the approval to return $270 million in customer cash, the Wall Street Journal reported on Thursday. ...

US job growth unexpectedly accelerated in July, lifting the level of employment above its pre-pandemic level and pouring cold water on fears the economy was in recession. The Labor Department’...

Non-fungible Tokens have been in the spotlight since 2020, when the cryptocurrency market was booming. It is notable that though the crypto market suffered a severe jolt in recent times, especially ...

Warner Bros. Discovery Inc (WBD.O) on Thursday laid out a new strategy that will merge the HBO Max streaming service with Discovery+ while vowing to take aim at Marvel’...

Beyond Meat Inc (BYND.O) on Thursday lowered its revenue forecast for the year and announced job cuts as rising inflation hurt the company’s efforts to make its pricier ...

Saudi Arabia has registered a budget surplus of nearly 78 billion riyals ($21 billion) in the second quarter of 2022, the finance ministry said on Thursday, an almost 50 per cent rise from a ...

House prices in Britain fell the first time in more than a year in July in monthly terms and the market is likely to weaken further as interest rates go ...

Visa (V.N) and Mastercard (MA.N) on Thursday said they had suspended ties with the advertisement arm of MindGeek, owner of website Pornhub, after a lawsuit raised questions over ...