Business

By Ioannis Tirkides Occasionally, events unfold in close proximity that can be described as seminal. We call them seminal because of their significant impact. They mark a change in the ...

President Nicos Anastasiades discussed the government’s Climate Change Initiative and developments in the Cyprus problem at the ‘One Ocean’ international summit in Brest, France, on Friday. According to government ...

As a leading maritime nation, Cyprus feels responsible to accelerate the transition of shipping to a low carbon and climate-resilient industry, President Nicos Anastasiades said on Friday, addressing the One ...

Saudi Arabia and the United Arab Emirates (UAE) could help to calm volatile oil markets if they pumped more crude, the International Energy Agency (IEA) said on Friday. The UAE ...

UK’s second-largest airport Gatwick said on Friday it would reopen its south terminal next month, as it expects demand to pick up this summer, with coronavirus travel curbs having ...

Electric car maker Tesla Inc (TSLA.O) is recalling 578,607 vehicles in the United States because pedestrians may not be able to hear a required warning sound of an approaching car ...

Finance Minister Constantinos Petrides on Friday welcomed the European Commission’s forecasts for the Cypriot economy, viewing them as a validation of the country’s recovery and future prospects. In ...

The European Commission predicts a 4.1 per cent increase for the real GDP of Cyprus in 2022 and a 3.5 per cent increase in 2023, in its Winter 2022 Economic Forecast which was published on ...

Major cryptocurrency exchange Binance will make a $200 million investment in Forbes, the media company said on Thursday, as it prepares to go public via a special purpose acquisition company (SPAC). ...

Cyprus’ foreign trade showed signs of recovery in the final two months of 2021, with exports hitting €702.7 million in value during that time, while total exports surpassed €3 billion for the entire ...

Cyprus Shipping Chamber (CSC) President and ICS Vice-Chairman Themis Papadopoulos and CSC Director General Thomas Kazakos, represented the Cyprus shipping industry at the Board of Directors meeting of the International ...

Britain should levy heavier taxes on growing levels of household wealth to fund higher spending on pensions and medical treatment, the Resolution Foundation think tank said on Thursday. An older ...

Dubai plans to attract 50 multinational companies within three years, the emirate’s government media office said on Wednesday citing a statement from the Dubai International Chamber. The plan is part ...

Regulators came late to the fast evolving cross-border world of cryptoassets but they could come up with their first global framework of rules within months, a senior official said on ...

Egypt’s natural gas exports are expected to rise to 7.5 million tonnes by the end of this fiscal year, Petroleum Minister Tarek El-Molla said on Thursday. Egypt’s gas exploration ...

French automaker Renault SA has backed a moratorium on deep-sea mining, the company told Reuters on Wednesday, committing to exclude seabed metals from its supply chain in a blow to ...

AstraZeneca forecast higher 2022 sales and raised its annual dividend for the first time in a decade on Thursday after beating fourth-quarter profit expectations, but warned the boost from its Covid-19 ...

Britain’s exit from the European Union has so far made trade more expensive because of delays and red tape, and more border disruptions are likely as passenger numbers recover ...

British homes will likely remain affordable and demand will stay strong despite a climate of rising interest rates, the head of the UK’s largest homebuilder Barratt (BDEV.L) said ...

Quant Insight (Qi), a Limassol-based quantitative financial market analytics and trading insights provider, on Wednesday announced the launch of a new product, aiming to provide individual traders with high-end analytics. ...

The Cyprus Chamber of Commerce and Industry (Keve) announced on Wednesday that they are spearheading Cyprus’ representation at the International Agricultural and Environmental Exhibition in Doha, Qatar, scheduled to commence ...

Cyprus has been ranked as one of the top travel destinations for Russians, Tourism Minister Savvas Perdios said on Wednesday in the wake of two recent visits to Moscow. “There ...

Demand for flights in Britain is edging back towards pre-pandemic levels for the key summer holiday period, according to market data that suggests consumers are keen to get away despite ...

Finance Minister Nureddin Nebati pitched Turkey’s unorthodox economic policy to investors in London on Tuesday, pledging to keep the exchange rate stable, bring inflation down to single digits and ...