#business

Rocket and satellite maker SpaceX on Wednesday was accused by a US labour agency of unlawfully firing eight employees for circulating a letter calling founder and CEO Elon Musk a “...

London-based firm Global Capital, which specialises in international capital markets, hailed Cyprus’ sustainable bond issuance of €1 billion in April 2023 as the top public-sector green and social bond for the year, ...

The economic climate in Cyprus worsened in December 2023, accompanied by increased economic uncertainty, according to a report released this week by the University of Cyprus’ Economic Research Centre (CypERC). According ...

Cyprus witnessed a significant surge in retail trade during November 2023, indicating promising growth within the sector, according to a report released this week by the Cyprus Statistical Service (Cystat). According ...

South Korea’s Hyundai Motor Co (005380.KS) and affiliate Kia Corp (000270.KS) forecast on Wednesday that their combined global sales will rise about 2 per cent in 2024, even as last year’...

Precisely when the Federal Reserve will start cutting interest rates stands as the big unknown for markets and economists as 2024 kicks off, and fresh details about its pivot in that ...

Restaurants and bars in the Larnaca district are content with the business they received during the Christmas and New Year holidays, according to Tony Konnaris, the district secretary of Pasika, ...

International credit rating agencies have confirmed the exact dates upon which they will announce the results of their evaluation of Cyprus’ economic standing in the coming year. It should be ...

Paphos hotels experienced a moderate occupancy rate in December, ranging between 35 and 40 per cent, according to Evripides Loizides, president of the Paphos Hoteliers’ Association (Pasyxe). Loizides also said that the ...

British business leaders have turned more pessimistic about the outlook for the country’s economy and they are holding back on investment decisions, according to a survey published on Wednesday. ...

Global stock markets were lacklustre on Wednesday, while the dollar stayed strong, as market optimism about early US interest rate cuts ebbed and the latest escalation of hostilities in the ...

The dollar eased slightly on Wednesday though it stayed near a two-week high, underpinned by a confluence of factors including elevated US Treasury yields and a cautious turn in risk ...

Oil prices were little changed in Asian trade on Wednesday after sharp moves earlier in the week, as markets weighed concerns about the US economy against potential supply disruptions from ...

Cypriot banks saw a rise in deposits and loans during November 2023, according to the Monetary and Financial Statistics report, valid as of December 2023, released by the Central Bank of Cyprus (...

Consulting and advisory firm PwC Cyprus on Tuesday released its tax guide for 2024, providing a valuable source of information on the tax framework of Cyprus for 2024. According to the announcement, ...

Eurozone factories ended 2023 on the back foot, with activity contracting in December for an 18th straight month, according to a survey which gave scant signs of any imminent strong bounceback ...

Cyprus’ electronics and appliance market is expected to experience additional growth in 2024, according to John Vasilakos, Vice President and CEO of Kotsovolos – Dixons South East Europe. Speaking to local news ...

Hotels in the Famagusta district are expected to see occupancy rates ranging between 20 and 30 per cent during January and February, according to Panayiotis Constantinou, president of the Famagusta Hoteliers Association (...

Cyprus University of Technology (Tepak) rector Panayiotis Zaphiris this week announced the successful completion of the study outlining the potential establishment of a School of Marine Sciences, Technology, and Sustainable ...

Hellenic Bank on Tuesday released a statement welcoming the recent launch of the mortgage-to-rent scheme, which went into effect on December 4, 2023, describing it as a favourable way for eligible borrowers ...

Aldi UK and Lidl GB reported record Christmas trading on Tuesday, with sales at Aldi rising 8 per cent in the four weeks to Dec. 24 to top 1.5 billion pounds ($1.91 billion) for ...

Oil prices jumped in the first session of the New Year, boosted by the chances of Middle East supply disruptions after a naval clash in the Red Sea, as well ...

Bitcoin stormed above $45,000 on Tuesday for the first time since April 2022 as the world’s biggest cryptocurrency started the New Year with a bang buoyed by optimism around possible approval ...

Sterling just had its best year against the dollar since 2017, yet a weakening economy and election uncertainty make a repeat performance unlikely. It is not hard to see why investors ...