Business

Youth unemployment in Cyprus for 2021 reached 14.2 per cent, above the EU average of 13 per cent, Eurostat statistical agency reported on Tuesday. According to Eurostat, the average of unemployed people aged 15 ...

Around 8,000 beds will be available for tourists in the Paphos district through the winter months, while a digital campaign promoting the area to potential visitors will be underway until mid-December, ...

Russian flag carrier Aeroflot (AFLT.MM) saw its group passenger numbers drop 8.2 per cent year on year in the first nine months of 2022, Interfax reported on Tuesday, citing figures from ...

Ryanair boss Michael O’Leary on Tuesday described the economic situation in Britain as a “car crash” caused by the country’s vote to leave the European Union in 2016. “The ...

The Cyprus economy is expected to grow by 5.7 per cent this year, President Nicos Anastasiades said on Tuesday addressing The Economist conference in Nicosia. Anastasiades added that public finances are ...

Cyprus Energy Regulatory Authority (CERA) chairman Andreas Poullikkas on Tuesday said that the EU has for many years been devising a sustainable energy strategy to tackle climate change and strengthen ...

Oil prices climbed on Tuesday, bolstered by a weaker US dollar and supply woes, although gains were capped by the spectre of lower fuel demand from China as it persists ...

Alphabet Inc’s (GOOGL.O) YouTube will expand ways for advertisers to reach music and podcast listeners and viewers on connected televisions, the company said on Monday. The announcements come ...

The fitness industry is booming, and with the popularity of health-related smartphone applications, it’s no surprise that you, like many entrepreneurs are looking to build your own fitness app. ...

The Turkish Central Bank said on Tuesday it raised the securities maintenance ratio required for foreign exchange deposits to 5 per cent from 3 per cent and that further steps as part ...

Things are pretty rough at the moment in the world of NFTs – the floor prices of NFTs are plummeting, scam actors are finding more vulnerable people to steal their hard-earned ...

Cyprus’ Gross Domestic Product (GDP) was revised to €24.01 billion at current prices for 2021 and to €21.89 billion for 2020, according to a report released on Monday by the Cyprus Statistical Service (Cystat). ...

Britain’s government bonds, currency and shares rallied on Monday as new finance minister Jeremy Hunt reversed swathes of Prime Minister Liz Truss’s economic growth plan, the latest twist ...

Tourist arrivals in September 2022 increased by 21.9 per cent compared to last year’s corresponding period, with the majority of tourists being from the United Kingdom, according to a report released ...

Mexico’s biggest non-bank lenders may need to become licensed banks, analysts said, as they maneuver through growing market turmoil to avoid the fate of three big peers who defaulted ...

London shares rose on Monday as new finance minister Jeremy Hunt reversed Prime Minister Liz Truss’s economic plan announced three weeks ago that slammed UK markets and dented investor ...

Oil output at the giant Exxon-led (XOM.N) Sakhalin-1 Russian Pacific project collapsed following the US major’s refusal to accept local insurance for tankers after Western insurers pulled out ...

Cyprus’ Economy and Competitiveness Council on Monday released a report illustrating that the prolonged and pronounced increase in consumer prices and inflation has been ranked by both public and private ...

The finance ministry has expressed alarm and dissatisfaction at the high amount of money owed to public-law organisations that give out loans to people for housing – loans which the state ...

Limassol port management company DP World on Monday announced that on Thursday last week, October 13, it welcomed Royal Caribbean’s Odyssey of the Seas on her stopover at DP World ...

The University of Cyprus’ Economics Research Centre (CypERC) on Monday released its updated economic outlook report, noting that real GDP growth in 2022 is projected at 4.9 per cent, up by 2 percentage ...

Oil prices rose on Monday after China rolled over liquidity measures to help its pandemic-hit economy, igniting hopes for a better fuel demand outlook from the world’s top crude ...

More than 40 European rivals to Google’s shopping service urged EU antitrust regulators on Monday to use newly adopted tech rules to ensure the Alphabet unit complies with a 2017 EU ...

Japan and other countries facing the fallout from a soaring US dollar found little comfort from last week’s meetings of global finance officials, with no sign that joint intervention ...