Business

Russia made what appeared to be a late U-turn to avoid a default on Friday, as it made a number of overdue interest payments in dollars on its overseas bonds, ...

The World Trade Organization (WTO) accepted some of Turkey’s complaints against European Union measures designed to curb imports of steel and advised the bloc on Friday to bring them ...

HSBC Holdings’ (HSBA.L) largest shareholder, Chinese insurance giant Ping An (601318.SS), has called for a break-up of the London-based bank, a source familiar with the matter said on Friday. ...

This summer is looking to be a busy one for Paphos Airport, with 59 destinations in 21 countries connected through flights by 15 airlines that will gradually exceed 250 per week, Transport Minister Yiannis ...

Turkey’s TAV Airports (TAVHL.IS) is in talks with banks to refinance the debt of its Izmir Airport, which is worth around 200 million euros ($211 million), sources told Reuters. It ...

Inflation’s surge following excessive stimulus and an energy crisis makes the way ahead hazardous By Andrew Shouler Stagflation is upon us, inflation leading towards economic stagnation. Western economies are ...

Deputy Minister of Tourism Savvas Perdios earlier this week said that small, local communities are at the heart of the national tourism strategy moving forward. Perdios’ comments were part of ...

Adolfo Laurenti, Principal European Economist for multinational financial services firm Visa, earlier this week participated in an event co-hosted by the Cyprus Economic Society, as well as the Cyprus Association ...

The Famagusta Tourism Board (Etap) on Thursday night held an event designed to showcase the district’s tourist product to Polish tour operators. The presentation took place at the Thalassa ...

Computers using light rather than electric currents for processing, only years ago seen as research projects, are gaining traction and startups that have solved the engineering challenge of using photons ...

By Maria Demertzis The war in Ukraine has brought an end to a 60-year period in which Europe has enjoyed a peace dividend, an amount released by reducing defence expenditure ...

Google results for Cyprus in the past few months topped the number of searches for the island in 2019, a record year for Cypriot visitors, deputy minister for tourism Savvas Perdios ...

Cyprus recorded the third highest increase in domestic electricity bills, as prices rose by 36 percent in the second half of 2021 compared to last year, according to data released by Eurostat, ...

Cyprus’ fiscal accounts in the last quarter of 2021 generated a surplus of €37.7 million compared with a deficit of €648 million in the respective period of 2020. According to preliminary data released on ...

Twitter buyer Elon Musk calls himself a free speech absolutist, but that could be put to the test in the Middle East where critics say authoritarian governments use the platform ...

As Germany speeds up investment in renewables, the energy consumption of its carmakers reveals just how reliant the country’s most important industry is on fossil fuels, a Reuters analysis ...

Mercedes-Benz (MBGn.DE) is looking at energy alternatives should Russia cut gas deliveries and is working closely with German authorities to ensure energy supplies, the premium carmaker’s top executive ...

Elon Musk told banks that agreed to help fund his $44 billion acquisition of Twitter Inc (TWTR.N) that he could crack down on executive and board pay at the social ...

The labour ministry said on Friday that all general stores should remain closed on Sunday, May 1. The law states, the ministry said, that the shops – such as supermarkets, shopping malls ...

Finding a crypto that is decentralized, secure, and very fast is something that’s difficult in the world of cryptocurrency. This is because not all the coins have such abilities ...

Tourist arrivals to Cyprus in March 2022 amounted to 128,840, with arrivals for the first quarter of the year reaching 244,705, according to data released on Thursday by the Cyprus Statistical Service (Cystat). ...

The Cyprus Computer Society announced this week that the inaugural edition of the European Coding Challenge will take place in Cyprus next month. The event, which is being held in ...

Students from the Paphos Technical School won first prize among their peers for creating and implementing the best innovative business idea in the ‘Ideodromio – Creativity, Innovation and Business Idea’ programme. ...

By George Pirishis It seems that something has started to shift in Cyprus’ Exclusive Economic Zone (EEZ) in relation to the Aphrodite block. In last week’s meeting between the ...