Business

By Michalis Sarris The policy response of Governments and Central Banks to the pandemic was massive and unprecedented. In the USA, the Federal Reserve Bank put out $3 trillion in high-powered ...

Liquidity troubles at crypto lending platform Celsius Network, which have left its 1.7 million customers unable to redeem their assets, will increase US regulatory pressure on the sector, which was already ...

BofA Securities economists see roughly a 40 per cent chance of a US recession next year, with inflation remaining persistently high. They expect US Gross Domestic Product growth to slow to ...

Oil prices tumbled about 5 per cent to a three-week low on Friday, led by a slump in US gasoline futures, as investors worried interest rate hikes from major central banks ...

Coordinated or not ahead of this month’s G7 summit, global central banks are accelerating interest rate hikes but also actively draining the giant pool of cash swilling around world ...

Russia’s economy may need a decade to return to the pre-sanctions levels of 2021, the chief executive of the country’s top bank Sberbank SBER.MM said on Friday, as ...

Time-sensitive foods such as meat, dairy, fruits, and vegetables, among other products, can be consumed only when they are fresh. Therefore, as a producer or business owner, you want to ...

Elon Musk was sued for $258 billion on Thursday by a Dogecoin investor who accused him of running a pyramid scheme to support the cryptocurrency. In a complaint filed in federal ...

The World Trade Organization agreed the first change to global trading rules in years on Friday as well as a deal to boost the supply of COVID-19 vaccines in a ...

Investors in Cardano (ADA) and Ethereum (ETH) saw their portfolios damaged again with another drop in the market cap of both. Ethereum traded near $1,000 and Cardano made a move below $0.50 ...

Limassol Chamber of Commerce and Industry (Evel) president Andreas Tsouloftas on Thursday expressed optimism about Limassol’s prospects, despite the challenges posed by high inflation and the war in Ukraine. ...

Alphamega Hypermarkets CEO George Theodotou earlier this week told attendees at the Cyprus Grocery Retail conference that the sector is currently facing unprecedented challenges. The executive explained that soaring inflation, ...

Cypriot company Tototheo Maritime, a leading maritime technology integrator and provider, announced on Thursday recently inaugurated its new office in Bremen, Germany. Headquartered in Cyprus, Tototheo Maritime has been offering ...

The Cyprus Fiscal Council recommends particular caution in public finances due to increased risks, which may persist over time, expressing the view that support measures should be focused on small ...

Elon Musk addressed Twitter TWTR.N employees for the first time on Thursday, expressing his view that Twitter would need to cut its headcount, but offering few other new details ...

Bitcoin recovered on Wednesday after diving to an 18-month low, buoyed by the US Federal Reserve’s tough stance on inflation even in the midst of a market meltdown this ...

Russia has torpedoed a Western-backed proposal to discuss whether its diamonds are funding war ahead of an international conflict diamond meeting in Botswana, letters seen by Reuters show. The rift ...

Oil prices recovered on Thursday from a steep drop in the previous session, supported by tight oil supply and peak summer consumption, after a hefty US rate hike sparked fears ...

Cyprus ranks 40th in terms of competitiveness, moving down seven places compared to 2021, a report showed on Wednesday. The decline in the ranking is mainly due to a significant deterioration ...

360 Nicosia tower is the tallest building in the capital of Cyprus and the landmark project of Cyfield Group. While most of the skyscrapers in Cyprus are still on the way ...

Tapping into Israel’s vast renewable sources of energy will help reduce the EU’s dependence on Russia, European Commission President Ursula von der Leyen said during her visit to ...

Minister of Energy, Commerce and Industry Natasa Pilides on Wednesday said that Cyprus is in favour of exploiting regional gas reserves in a sensible, effective and legal way. “As we ...

The Cyprus Statistical Service (Cystat) on Wednesday reported that there was an increase in job vacancies during the first quarter of 2022 when compared to the corresponding period of 2021. According to ...

The euro zone’s trade deficit almost doubled in April from the previous month after an already record expansion in March, and industrial production increased over the same period on ...