Business

International rating agency Capital Intelligence on Saturday announced that it has upgraded the long-term rating of Cyprus in foreign currency to “BBB-“, from “BB+”. At the same time, the agency ...

Cyprus’ fiscal deficit reached €408 mln in 2021 and the fiscal debt corresponded to 101 per cent of GDP, the Cyprus Statistical Service (Cystat) announced on Friday. Announcing the financial results for 2021, which ...

The Chairman of the Cyprus Securities and Exchange Commission (CySEC) George Theocharides this week released a missive on investor education on the risks of crypto asset investment in Cyprus. Theocharides ...

The Association of Cyprus Tourist Enterprises (Stek) on Friday announced that it participated in a conference focusing on religious and pilgrimage tourism in Cyprus and Greece. The conference, which took ...

By Maria Demertzis The increasing importance of semiconductors to economic growth has led governments in different parts of the world to provide subsidies to the sector. These are intended to ...

Exxon Mobil Corp (XOM.N) shares passed their all-time high on Friday as oil prices resumed their climb and analysts raised their long-term views of top US oil producer’s ...

Cyprus and other EU member states should have done more in the past to be prepared for the green transition and weaning themselves off fossil fuels, Finance Minister Constantinos Petrides ...

Oil prices were little changed on Friday as optimism about a possible rise in demand in China faded and the market again weighed the impact of sharp interest rate rises ...

Cryptocurrency exchange Binance on Friday announced that Binance Cyprus Limited has been granted Class 3 registration as a Crypto Asset Services Provider (CASP) by the Cyprus Securities and Exchange Commission (CySEC). ...

Hellenic Bank is forging ahead decisively in its modernisation drive. As part of its digital transformation rollout, the Bank is changing the way in which day-to-day banking transactions are conducted, ...

The world’s top automakers are planning to spend nearly $1.2 trillion through 2030 to develop and produce millions of electric vehicles, along with the batteries and raw materials to support that ...

Egypt’s currency will weaken at a steeper pace than expected, although inflation is likely to decrease over the next few years, a Reuters poll showed. The Egyptian pound, trading ...

Pfizer Inc expects to roughly quadruple the price of its COVID-19 vaccine to about $110 to $130 per dose after the United States government’s current purchase program expires, Pfizer executive Angela ...

The International Air Transport Association (IATA) this week announced its upcoming world passenger symposium will focus on unlocking value creation by adopting a customer-first approach. The symposium, which is scheduled ...

Hellenic Bank on Thursday announced a number of changes to its banking services, aiming to empower its meeter greeter service, which in turn will help customers become more comfortable with ...

Unexplained damage to the Nord Stream pipelines that run under the Baltic Sea have dashed hopes that Russian gas flow to Germany will resume anytime soon. Nord Stream 1 had been ...

Hyundai Motor Co (005380.KS), Korea’s top automaker, is investigating child labour violations in its US supply chain and plans to “sever ties” with Hyundai suppliers in Alabama found to ...

It has been two decades since their heyday, but one bulk supplier of the iconic 3.5-inch floppy disk used to store data in 1990s says business is still booming. Tom ...

Prime ministers of Italy and Belgium were among those to air frustration on Thursday with Germany’s refusal to cap gas prices as the 27 European Union leaders met for a ...

Elon Musk on Wednesday said he was excited about his pending acquisition of Twitter Inc (TWTR.N), although he and other investors were overpaying for the social media company. Musk, ...

IBM Corp (IBM.N) beat quarterly earnings estimates on Wednesday and said it expects to exceed full-year revenue growth targets as robust demand for the company’s digital services helps ...

Oil prices gained around $1 on Thursday as investor sentiment rose on news that China is considering a cut in the duration of quarantine for inbound visitors. Brent crude futures for ...

Britain’s political drama keeps getting more and more interesting. The abrupt resignation of Britain’s interior minister Suella Braverman, who criticised Liz Truss, reflects the continued erosion of the ...

The harmonised index of consumer prices rose by 8.1 per cent year-on-year in the first nine months of 2022, according to a report released on Wednesday by the Cyprus Statistical Service (Cystat). ...