Business

Oil prices recovered on Thursday from a steep drop in the previous session, supported by tight oil supply and peak summer consumption, after a hefty US rate hike sparked fears ...

Cyprus ranks 40th in terms of competitiveness, moving down seven places compared to 2021, a report showed on Wednesday. The decline in the ranking is mainly due to a significant deterioration ...

360 Nicosia tower is the tallest building in the capital of Cyprus and the landmark project of Cyfield Group. While most of the skyscrapers in Cyprus are still on the way ...

Tapping into Israel’s vast renewable sources of energy will help reduce the EU’s dependence on Russia, European Commission President Ursula von der Leyen said during her visit to ...

Minister of Energy, Commerce and Industry Natasa Pilides on Wednesday said that Cyprus is in favour of exploiting regional gas reserves in a sensible, effective and legal way. “As we ...

The Cyprus Statistical Service (Cystat) on Wednesday reported that there was an increase in job vacancies during the first quarter of 2022 when compared to the corresponding period of 2021. According to ...

The euro zone’s trade deficit almost doubled in April from the previous month after an already record expansion in March, and industrial production increased over the same period on ...

The Cyprus Composite Leading Economic Index (CCLEI) turned negative in May, following annual increases in the previous months, reflecting the uncertainty driven by the war in Ukraine. The CCLI compiled ...

The European Central Bank promised fresh support and a new scheme on Wednesday to temper a market rout that has fanned fears of a new debt crisis on the euro ...

The S&P 500 index, the most closely followed benchmark for US equities on Wall Street, has slid this year as inflation jumped to its highest rate in 40-years. On ...

Bitcoin fell on Wednesday to a new 18-month low, dragging down smaller tokens with it, as the recent tumble in crypto markets showed no sign of letting up. The world’...

The United Arab Emirates (UAE) has ordered a four-month suspension in exports and re-exports of wheat and wheat flour originating from India, the world’s second biggest producer of the ...

By Yiannis Seitanidis Hellenic Bank CEO Oliver Gatzke said he expected there would be some time between the ECB’s rate hike in July and an increase of lending rates ...

Volatility, what does it mean? With regard to safety or investment, it generally refers to the degree of uncertainty or risk associated with the magnitude of changes in a security’...

The European Central Bank’s policy-setting Governing Council will hold a rare, unscheduled meeting on Wednesday to discuss the turmoil in bond markets, underscoring official concern around a blowout in ...

Transport Minister Yiannis Karousos on Tuesday told attendees at the Flight Safety Foundation conference that Cyprus’ first quarter international arrivals almost reached 80 per cent of those in 2019. The conference examined ...

World oil demand growth will slow in 2023, OPEC delegates and industry sources said, as surging crude and fuel prices help drive up inflation and act as a drag on the ...

Limassol port management company DP World Limassol on Tuesday said that its aim is to re-establish Cyprus as a key cruise hub in the Eastern Mediterranean. Speaking at the 2nd ...

Cyprus has moved to deepen its business and research ties with Saudi Arabia through the visit of an official delegation to the Kingdom between June 5 and June 8. The delegation involved ...

Rich countries have made a dangerous dash for fossil fuels in response to the Ukraine war, the U.N. secretary-general said on Tuesday, warning that new investments being made in ...

BMW (BMWG.DE) will install and test a long-range battery developed by Michigan-based startup Our Next Energy (ONE) in the German automaker’s iX electric SUV, the companies said on ...

The crypto market’s a hot mess, leaving many investors struggling to turn a buck. Enter the arbitrageurs. Bitcoin and other cryptocurrencies have either been shackled to ranges or in ...

Binance US and its CEO were sued on Monday by a US investor who alleges the cryptocurrency exchange falsely marketed Terra USD as a safe asset ahead of the so-called ...

Google parent Alphabet (GOOGL.O) has offered to let rival ad intermediaries place ads on YouTube to address a crucial part of an EU antitrust investigation that could pave the ...