Business

Parliament on Tuesday continued discussing a legislative proposal that would reduce the maximum fine imposed on companies for not submitting their annual financial reports on time, as MPs heard that ...

MPs have taken the initiative and will be drafting legislation governing bank fees charged to account holders after the government said there was not much it could do about it. ...

The chip industry is breathing a sigh of relief over the aborted purchase of ARM Ltd by US chipmaker Nvidia Corp (NVDA.O) but the firms and their shareholders are ...

When the Walt Disney Co (DIS.N) reports its holiday-quarter results on Wednesday, Wall Street analysts will study whether the popular Star Wars bounty hunter Boba Fett, The Beatles and ...

BP’s profits hit their highest in eight years in 2021, lifted by soaring gas and oil prices, as the company boosted share repurchases and accelerated plans to cut emissions with ...

The surprise split vote behind the Bank of England’s interest rate hike last week, which was too small for almost half its officials, threatens to obscure the British central ...

Britain’s National Grid ESO (NG.L) has for the first time awarded a contract to an offshore wind farm to help keep voltage levels in the power network stable, ...

Bahrain on Monday introduced a new permanent residency visa to attract talent and investment, part of a trend in Gulf states to offer more flexible and longer-duration visas amid regional ...

Restaurants and other hospitality venues in Paphos are struggling to find the workers required to keep their businesses in operation, Paphos Leisure Centre Owners Association (Sikap) president Angelos Onisiforou said ...

The volume of credit card transactions rose by 72 per cent between September and November of 2021, according to data provided by credit card processing company JCC to the Cyprus News Agency (...

The government said Monday it will use any safeguards afforded to it in the contract governing the LNG import terminal, sounding an upbeat note that any differences with the contractor ...

On Jan. 12, an image of a computer-generated pixelated person was sold for about $50.6 million worth of cryptocurrency on a new online marketplace that caters for non-fungible tokens. It gets stranger. ...

Toshiba said on Monday it now aims to split into two companies instead of three, while boosting planned shareholder returns to appease angry investors. The once-storied conglomerate has been battered ...

Ports giant DP World on Monday reported a 9.4 per cent rise in 2021 container volumes, though growth rates moderated in the fourth quarter which the Dubai state company said was expected ...

British house prices in January rose at their slowest monthly pace since June last year as a post-lockdown boom in the housing market started to fade and a growing cost-of-living ...

By George Coucounis Very often, builders are employed to carry out repairs, construction or extensions in houses or other buildings, even to build them. The builder or the contractor, before ...

More than two years after the contract signed to build a liquefied natural gas import terminal at the port of Vasilikos, the project is stuck at 4 per cent at most, ...

Facebook’s parent Meta Platforms said on Friday it is launching a tool for people using its virtual reality social platforms to maintain personal space boundaries, as concerns have mounted ...

Apple Inc (AAPL.O) is targeting a date on or near March 8 to unveil a low-cost 5G iPhone and an updated iPad, Bloomberg News reported on Friday, citing people with ...

Staff at Tesco (TSCO.L) deserve to be protected from inflation and it was wrong for the governor of the Bank of England to tell workers to restrain their demands ...

Sony announced on Monday that it had completed its acquisition of game developer Bungie, the studio behind multiplayer first-person shooter Destiny, as well as the original creators of Halo, a ...

By Andreas Charalambous and Omiros Pissarides The circulation of the euro began 20 years ago, two years after it was formed virtually. This article aims to critically evaluate the evolution of ...

By Savvakis C. Savvides The cannibalisation of natural monopolies Monopoly power is the Achilles heel of a laissez-faire economic system. Adam Smith, for many the father of capitalism, was one ...

The current project has a long, and likely tortuous, way to go This is further to my article in the Cyprus Mail last Sunday. Since then, the debate over the ...