Business

Cypriot beverage company Keo this week announced that it generated €1.6 million in profits during the first half of 2022, up from €1.1 million during the corresponding period of 2021. According to the company’...

Limassol port management company DP World Limassol on Friday announced launched for another year a three-month internship programme for students pursuing a degree in shipping or related field, noting that ...

By Luigi Scazzieri Italy’s election on September 25th is likely to result in a right-wing coalition government made up of Giorgia Meloni’s Brothers of Italy, Matteo Salvini’s ...

British government bond yields surged by the most in a day in over three decades on Friday, the pound slid to a fresh 37-year trough against the dollar and stocks ...

Low-income Britons will see few benefits from the historic tax cuts announced by the country’s new finance minister on Friday, union leaders and anti-poverty campaigners said, warning that the ...

Cypriot scientist and academic Xenia Miscouridou speaks to PANIS PIERI about artificial intelligence, data science, working with Google, as well as being involved with research and innovation. It is a ...

Accenture Plc on Thursday warned this year’s dollar surge would hurt its fiscal 2023 results, even as robust demand for digital offerings helped the IT services major top quarterly earnings ...

The downturn in German business activity deepened in September, a preliminary survey showed on Friday, as higher energy costs hit Europe’s largest economy and companies saw a drop in ...

Oil prices fell on Friday amid recession fears and a stronger US dollar, though losses were capped by supply concerns after Moscow’s new mobilisation campaign in its war with ...

Britain’s new finance minister Kwasi Kwarteng unleashed historic tax cuts and huge increases in borrowing on Friday in an economic agenda that floored financial markets, with sterling and British ...

The Turkish lira sank to a fresh record low on Thursday after the central bank delivered yet another surprise interest rate cut, this time of 100 basis points. The CBRT cut ...

Kyndryl, one of the world’s largest providers of IT infrastructure services with offices in Cyprus, announced a new digital integration platform that gives businesses real-time access to valuable information ...

The visit of Deputy Minister of Research, Innovation and Digital Policy Kyriakos Kokkinos to Romania has been branded a success. The delegation focused on discussing cybersecurity, digital transformation matters and ...

The Central Bank of Cyprus (CBC) on Thursday said that the Cypriot economy’s primary macroeconomic figures for the years 2022-2024 are favourable according to its projected medium-term forecasts, which ...

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 ...