#business

The Swiss National Bank cut its main interest rate by 25 basis points to 1.50 per cent on Thursday, a surprise move which made it the first major central bank to dial ...

Norway’s central bank kept its benchmark interest rate unchanged at a 16-year high of 4.50 per cent on Thursday, as unanimously expected by analysts, and signalled it plans a single ...

Brazil is expected to post its third annual increase in coffee production this year, a rare sequence seen only seven times in 144 years of coffee history in the world’s ...

Telecommunications company Cyta is moving ahead with a study on the creation of a new data centre, amidst interest from a total of ten companies, according to Cyta chairperson Maria ...

The Cyprus Stock Exchange (CSE) on Thursday announced the introduction of 25,000 new government bonds by the Republic of Cyprus. Specifically, the CSE confirmed its acceptance of the introduction of 25,000 Government ...

Federal Reserve Chair Jerome Powell said on Wednesday recent high inflation readings had not changed the underlying “story” of slowly easing price pressures in the US as the central bank ...

The Central Bank of Cyprus (CBC) on Thursday reported that a total of 16 bounced cheques, worth €19,388 overall, were issued in February. This resulted in 9 individuals (7 legal entities and 2 natural persons) ...

The recent surge in cryptocurrency prices has been driven by retail investors, but institutions are starting to join in, Goldman Sachs’ head of digital assets Mathew McDermott said earlier this ...

British house prices fell by 0.6 per cent on an annual basis in January, after a revised 2.2 per cent decrease in December, the Office for National Statistics (ONS) said. Wednesday’s ...

Reddit and its bankers are guiding that they could price the social media platform’s initial public offering (IPO) at the top of the indicated range or above, according to ...

Cyprus-based Infocredit Group, a firm specialising in business intelligence and regulatory technology (RegTech) solutions, this week announced a comprehensive rebranding and a website redesign, with a focus on an improved ...

The flow of tourists travelling from Israel to Cyprus is expected to be restored to last year’s levels within the next month, Association of Cyprus Travel Agents (Acta) chairman ...

The Cyprus Chamber of Commerce and Industry (Keve) announced this week that it will host a Business Forum on March 27, as part of the official visit of the President of ...

Saudi Arabia’s government plans to create a fund of about $40 billion to invest in artificial intelligence, the New York Times reported on Tuesday, citing three people briefed on the ...

British inflation slowed in February, keeping the Bank of England on track to start cutting interest rates in the months ahead and offering some better economic news to Prime Minister ...

The United States is pressing Austria’s Raiffeisen Bank International, the biggest Western bank in Russia, to drop plans to buy a 1.5 billion euro ($1.6 billion) industrial stake of a Russian ...

Cyprus’ Finance Minister Makis Keravnos on Wednesday met with the president and members of the board of directors of Eurobank Holdings, during which he underscored the significance of attracting foreign ...

Efforts to transform Cyprus into an innovation-led economy resulted in a partnership combining technology and sports Cypriot football club Pafos FC is poised to revolutionise the way its players train ...

Oil prices edged lower on Wednesday after hitting multi-month highs in the previous session, as investors braced for the US Federal Reserve’s interest rate policy announcement later in the ...

Cyprus’ Construction Materials Index experienced a decrease of 2.23 per cent during the first two months of 2024, when compared to the same bimonthly period from the previous year, reflecting a moderation ...

The Commissioner for State Aid Control Stella Michaelides on Wednesday published her decision on a scheme for Small and Medium Size Enterprises (SMEs), titled “Circular Economy Project in Small and ...

Federal Reserve officials left their policy meeting in late January in search of “greater confidence” that inflation was on a sustainable downward path, a notably squishy standard they set for ...

A regular visitor from Sweden has been honoured with the title of ‘Tourism Ambassador of Ayia Napa’, in recognition of his 25th visit to the popular Cypriot resort town. According ...

The Bank of Cyprus (BoC) on Wednesday announced that it has obtained approval from the European Central Bank (ECB) to pay a cash dividend and to conduct a share buyback ...