Business

The global economy is approaching a recession as economists polled by Reuters once again cut growth forecasts for key economies while central banks keep raising interest rates to bring down ...

Egypt’s petroleum minister confirmed on Tuesday a framework agreement had been reached to develop the Gaza Marine gas field offshore Gaza and talks were under way to conclude a ...

Cypriot mining company Venus Minerals on Tuesday released a statement explaining that Cyprus can help the European Union achieve its raw material strategic objectives by providing it with copper. “The ...

As a developed nation, you know your currency’s in a spot of bother when investors start to hedge with bitcoin. After Britain’s brief Prime Minister Liz Truss unleashed ...

There was an increase of more than €19.5 million in the cost of overtime and allowances paid by the Republic of Cyprus in 2021, after the relaxation of restrictive measures that had ...

The Tel Aviv Stock Exchange (TASE) (TASE.TA) said on Monday it would reshape its ownership structure and also create a blockchain platform to allow more trading of crypto currencies ...

The European Commission on Tuesday endorsed a positive preliminary assessment of Cyprus’ payment request for €85 million in grants under the Recovery and Resilience Facility (RRF), while Cyprus lost €90 million in ...

Sek trade union warned on Tuesday that if the cost-of-living allowance (CoLA) fails to be fully reinstated they will mobilise their workers. “Reinstating the cost-of-living allowance is not negotiable,” secretary ...

Microsoft Corp (MSFT.O) is stocking up on Chinese video game content to emulate Sony Group Corp’s (6758.T) success with “Genshin Impact”, sources said, solidifying China’s transition from ...

TechIsland, a non-profit association, on Tuesday, announced the launch of a new initiative, which ranks as an important milestone for the development of Cyprus’ technology and startup ecosystem. On Wednesday, ...

For more than a decade since the global financial crisis, central bankers pumped trillions of dollars of cheap money into the financial system to keep the economy afloat. Now that ...

Germany, Europe’s biggest economy and historically a major importer of Russian gas, is scrambling to secure alternative supplies following a plunge in flows from Russia since its invasion of ...

Oil prices rose on Tuesday as the US dollar eased against major peers but gains were limited by worries of slowing global fuel demand growth amid bearish economic data from ...

Alphabet Inc’s Google (GOOGL.O) and Israel’s Reichman University have set up a school to train high-tech professionals, offering courses in computer programming, sales and data analysis among ...

Egypt will develop a new currency indicator partly to wean people off the idea that the Egyptian pound should be pegged to the US dollar, the new central bank governor ...

Saudi Arabia is in advanced negotiations to order almost 40 A350 jets from Europe’s Airbus (AIR.PA) as part of strategic efforts to launch a new airline and challenge heavyweight ...

The world of food and beverage has significantly evolved and has certainly had an impact on how we travel, our hotel vacation preferences, and how we perceive the locations with ...

Toyota (7203.T) is considering a reboot of its electric-car strategy to better compete in a booming market it has been slow to enter, and has halted some work on existing ...

Abu Dhabi sovereign wealth fund ADQ has invested $125 million in the debut fund launched by Aliph Capital, the Middle East’s first female-led private equity firm. The investment announced by ...

Increased interest revenue stemming from monetary policy normalisation should not overshadow Cypriot banks’ structural vulnerabilities, Constantinos Herodotou, governor of the Central Bank of Cyprus (CBC) said on Monday. Speaking to ...

Britain’s main equity indexes closed higher on Monday as Rishi Sunak looked set to become the next prime minister after other candidates quit the race, offering investors some relief ...

RCB Bank announced on Monday it will relinquish its banking licence – a formality completing the lender’s transformation into an asset management company. The decision was taken by the bank’...

Over 7,000 Greek Cypriots have applied to the Immovable Property Commission (IPC), according to the north’s ‘ambassador’ to Ankara. Ismet Korukoglu, in wide-ranging statements to Turkish media, hit out against ...

Oil prices slid 2 per cent on Monday after Chinese data showed that demand from the world’s largest crude importer remained lacklustre in September as strict COVID-19 policies and fuel ...