Stay informed with the latest business and economy news from Cyprus and around the globe. This section covers key developments in finance, energy, tourism, technology, entrepreneurship and the corporate sector.
Oil prices rose in volatile trade on Tuesday as worries about tight fuel supplies ahead of winter offset investor concerns about lower demand in China, the world’s biggest crude ...
Britain’s unemployment rate fell to its lowest since 1974 at 3.6 per cent in the three months to July as more people left the labour market, according to official data on ...
Private healthcare company Laertes Health LTD on Monday announced that it has finally approved the necessary building permit for the construction of a private hospital in Nicosia.
The hospital, a 4...
International Air Transport Association (IATA) director general Willie Walsh this week said that international passenger demand was very satisfactory during July, especially when factoring in any lingering restrictions, as confirmed ...
Some Turkish banks are curtailing corporate lending after the government’s latest raft of regulations raised their costs and forced many to cut their balance sheet risks, five banking and ...
A long-awaited software upgrade to the Ethereum blockchain aimed at slashing its huge energy consumption is expected this week, a move proponents say may widen the technology’s use and ...
Lebanon’s central bank said it has entirely ceased providing dollars for gasoline imports in a move that will likely lead to higher and more volatile prices as well as ...
With job vacancies in Britain close to a record high, retailers including Tesco Plc TSCO.L have begun offering better perks to workers, enticing them with free food and essentials ...
Germany’s wet and windswept north has long lacked the economic appeal of the industrial south but the green transition and an energy crisis sparked by war in Ukraine is ...
The International Monetary Fund is looking for ways to provide emergency funding to countries facing war-induced food price shocks and will discuss measures at an executive board meeting on Monday, ...
Oil prices fell on Monday with the global fuel demand outlook overshadowed by COVID-19 restrictions in China and the potential for further interest rate hikes in the United States and ...
The euro jumped to a more than three-week peak versus the dollar on Monday, and sterling rose to the highest this month as European Central Bank officials pushed the case ...
The director of the land registry notifies each affected person of his intention to transfer the property to the enclaved buyer
When examining an application by an enclaved purchaser, if ...
Britain’s economy grew by less than expected in July, with a fall in power production possibly reflecting the sharp climb in energy tariffs and the construction sector also hit ...
Are you looking for a cryptocurrency investment to set you up for life? While the enormous and quick gains from the early days of Bitcoin may already be far behind, ...
El Al Israel Airlines (ELAL.TA) plans to repay a $45 million loan that it took from the government during the COVID-19 pandemic by the end of the year, under a ...
At the end of the summer we like to write a lighter column based on conversations that caught our attention during our daily swimming in the Pernera-Protaras area.
One group ...
European Central Bank policymakers see a rising risk that they will have to raise their key interest rate to 2 per cent or more to curb record-high inflation in the euro ...
Visa Inc (V.N), the world’s largest payments processor, said on Saturday it will implement a new merchant category code for US gun retailers, which will identify transactions at ...
The Turkish central bank’s foreign currency reserves are getting stronger as friendly countries are providing support, President Tayyip Erdogan said, broadcaster Haberturk reported on Friday.
The central bank’s ...
The United Arab Emirates’ tourism revenues were 19 billion dirhams ($5.17 billion) in the first half of 2022, its vice president said on Sunday in a tweet.
Numbers of hotel guests rose 42 per ...
It is time for Cyprus to move from words to action
As we approach winter the global energy crisis is getting worse and worse. It has shifted from a situation ...
By Andreas Charalambous and Omiros Pissarides
Saudi Arabia has traditionally based its policies on exploiting its natural wealth. Its government/administrative structure rests on the power of the Saud family ...
Ethereum, the blockchain that underpins the world’s second-largest crypto token ether, will soon undergo a major software upgrade that promises to slash the amount of energy needed to create ...