Business

Saudi Arabia’s economy grew by 9.6 per cent in the first quarter of 2022, compared to a year earlier, according to flash government estimates on Sunday, as a recovery in the ...

Debt as a percentage of Gross Domestic Product (debt ratio) of households has decreased by nearly 30 per cent and for non-financial corporations 57 per cent in the last five years, the ...

The Retail Turnover Value Index increased by 7.7 per cent in March 2022 in comparison to the corresponding month of the previous year, according to data published by the statistical service on ...

Finance Minister Constantinos Petrides on Monday pledged support for vulnerable groups in the face of growing inflation and rising costs. He conceded that the next few years would be difficult, ...

Volkswagen’s (VOWG_p.DE) premium brands Audi and Porsche have decided to join Formula One, Volkswagen Chief Executive Herbert Diess said on Monday. There has been speculation for several ...

Russia may have averted default as it announced it had made several overdue payments in dollars on its overseas bonds, shifting the market’s focus to upcoming payments and whether ...

European stocks suddenly fell on Monday before partly recovering in what brokers described as a “flash crash” or an erroneous trade on a day where a holiday-thinned trading activity. The ...

Wind turbine maker Vestas (VWS.CO) posted a deep first-quarter loss and slashed its 2022 margin forecast due to the war in Ukraine and writedowns in its offshore business, reflecting an ...

When it comes to real estate, it appears that the misery of other countries helps Cyprus from time to time. Those of a more ‘mature’ age, will remember a lot ...

The company behind the “Bored Ape” series of NFTs has raised around $285 million worth of cryptocurrency by selling tokens which represent land in a virtual world game it says it ...

Qantas Airways Ltd (QAN.AX) is set to announce a landmark order for Airbus SE (AIR.PA) A350-1000 jets capable of nonstop flights from Sydney to London as part ...

Central African Republic’s adoption of bitcoin, while many of the world’s largest economies stay wary of it, has puzzled the cryptocurrency world and residents of the gold and ...

India said on Saturday it had seized $725 million from the local bank accounts of China’s Xiaomi Corp (1810.HK) after a probe found the smartphone maker had made illegal remittances ...

Russia’s foreign ministry on Saturday said it expected commodity flows with China to grow and trade with Beijing to reach $200 billion by 2024, the Interfax news agency reported, as Moscow ...

Russia made what appeared to be a late U-turn to avoid a default on Friday, as it made a number of overdue interest payments in dollars on its overseas bonds, ...

The World Trade Organization (WTO) accepted some of Turkey’s complaints against European Union measures designed to curb imports of steel and advised the bloc on Friday to bring them ...

HSBC Holdings’ (HSBA.L) largest shareholder, Chinese insurance giant Ping An (601318.SS), has called for a break-up of the London-based bank, a source familiar with the matter said on Friday. ...

This summer is looking to be a busy one for Paphos Airport, with 59 destinations in 21 countries connected through flights by 15 airlines that will gradually exceed 250 per week, Transport Minister Yiannis ...

Turkey’s TAV Airports (TAVHL.IS) is in talks with banks to refinance the debt of its Izmir Airport, which is worth around 200 million euros ($211 million), sources told Reuters. It ...

Inflation’s surge following excessive stimulus and an energy crisis makes the way ahead hazardous By Andrew Shouler Stagflation is upon us, inflation leading towards economic stagnation. Western economies are ...

Deputy Minister of Tourism Savvas Perdios earlier this week said that small, local communities are at the heart of the national tourism strategy moving forward. Perdios’ comments were part of ...

Adolfo Laurenti, Principal European Economist for multinational financial services firm Visa, earlier this week participated in an event co-hosted by the Cyprus Economic Society, as well as the Cyprus Association ...

The Famagusta Tourism Board (Etap) on Thursday night held an event designed to showcase the district’s tourist product to Polish tour operators. The presentation took place at the Thalassa ...

Computers using light rather than electric currents for processing, only years ago seen as research projects, are gaining traction and startups that have solved the engineering challenge of using photons ...