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.
Qatar’s central bank said on Wednesday it will increase its interest rates by between 50 and 75 basis points, following the US Federal Reserve’s latest rate hike.
The Central Bank ...
Microsoft Corp (MSFT.O) said on Thursday it would extend technology support for Ukraine free of charge through 2023, as Russia’s invasion of the country drags on.
Microsoft said it ...
The Bank of England raised interest rates to 3 per cent on Thursday from 2.25 per cent, its biggest rate rise since 1989 as it warned of a “very challenging” outlook for the ...
The Bank of Canada on Wednesday said it would take a flexible, risk-based approach in its nascent role as a digital payment regulator, aiming to ensure confidence in the safety ...
Turkish President Tayyip Erdogan said he may negotiate with Twitter’s new boss Elon Musk to avoid paying the monthly $8 charge for the “verified” badge.
After buying Twitter for $44 billion ...
The Bank of England looks on track to raise interest rates by three quarters of a percentage point to 3 per cent later on Thursday, its biggest rate rise since 1989 as ...
Mark MacGann, the whistleblower behind the so-called Uber Files, said on Wednesday that the ride-hailing company seemed to be taking steps toward improving its work culture, but that its business ...
Turkish annual inflation climbed to a new 24-year high of 85.51 per cent in October, official data showed on Thursday, slightly below forecast, after the central bank cut its policy rate ...
The United Arab Emirates’ non-oil private sector picked up again in October, growing at a pace close to August’s three-year high, while employment expanded at its fastest in six ...
Meta Platforms (META.O) on Wednesday said it was adding a host of new features to Instagram, including a tool to trade digital collectibles, in a move that will help ...
The Paphos tourism board (Etap) and Paphos hoteliers association (Pasyxe) this week held a joint event in which they presented the final results of the district’s digital campaign to ...
Non-performing loans (NPLs) in Cyprus fell by a total of €30 million in August, with the percentage of NPLs against total loans standing at 10.9 per cent, down from 11 per cent during ...
Chipmaker Advanced Micro Devices Inc (AMD.O) snatched more share in the lucrative data centre market from rival Intel Corp (INTC.O) in the third quarter, drawing praise from analysts ...
Thousands of businesses will fail to meet pledges to combat climate change unless they start training employees on sustainability, Microsoft Corp’s (MSFT.O) President Brad Smith told Reuters.
Speaking ...
Medical device makers and scientists are working on new technologies to improve widely-used devices that assess potential heart and respiratory problems given mounting evidence that current ones could lead to ...
One of South Africa’s largest grocery retailers Pick n Pay (PIKJ.J) is expanding a pilot of adding cryptocurrency as a payment option to more stores after the successful ...
Cabinet on Wednesday approved €30 million in the second supplementary state budget for this year to continue the subsidy for the increased electricity prices.
The total amount of the second supplementary ...
Architectural heritage is an important asset for the country, Interior Minister Nicos Nouris said on Wednesday as he announced the comprehensive programme for the protection and promotion of listed buildings.
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Cyprus’ recorded a general government surplus of €587 million, 2.2 per cent of GDP, during the first nine months of 2022, compared to a deficit of €453.3 million, 1.9 per cent of GDP, in the ...
Russian citizens applying for tourist visas in Cyprus will have to pay €80 from December 1 onwards, along with providing additional paperwork for stricter checks.
While not a particularly steep fee, it ...
For US online trading companies an often-overlooked financial metric could act as a bulwark against softening demand in the third quarter, according to analysts.
The US Federal Reserve’s rate ...
The phase one presale of Orbeon Protocol is looking incredibly promising, and many prominent Helium/Chiliz investors appear to have huge expectations for this innovative new platform.
Let’s take ...
Europe needs its industrial companies to save energy amid soaring costs and shrinking supplies, and they are delivering – demand for natural gas and electricity both fell in the past quarter.
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Oil prices rose on Wednesday after industry data showed a surprise drop in US crude stocks, suggesting demand is holding up despite steep interest rate hikes dampening global growth.
Brent ...