#business

Oil prices rose on Thursday after data showed US crude stockpiles fell more than expected last week, while the Chinese central bank’s cut in banks’ reserve ratio reinforced hopes ...

Quadcode, a Cyprus-based fintech company specialising in financial brokerage activities, on Thursday announced the promotion of Michael Gitsis from Chief Financial and Administrative Officer (CFAO) to Chief Operating Officer (COO), ...

Cyprus’ National Betting Authority on Wednesday reported a total revenue of €259.4 million for the third quarter of 2023, marking a 9 per cent increase from the same period in 2022 and an increase ...

Trade union Democratic Labour Federation of Cyprus (Deok) this week called for the immediate convening of the Labour Advisory Body to review the strategy for the employment of third-country nationals. ...

Unilever, the maker of Dove soap and Ben & Jerry’s ice cream, struggled to defend fourth-quarter grocery store market share across most of its categories in Europe and the ...

Pay awards from British employers held at their highest sustained level in over 30 years in the last three months of 2023 but deals struck in early 2024 suggest pay growth has peaked, ...

Germany’s economic downturn worsened this month with both manufacturing and services activity contracting, a preliminary survey showed on Wednesday. Underlying data showed a convergence in performance between the two ...

In a strategic move, Island Petroleum, a subsidiary of Island Oil (Holdings), has announced the acquisition and utilisation of the vessel M/T ASTRAIA, dedicated to providing physical supply services ...

The Computation-based Science and Technology Research Centre (CaSToRC) at The Cyprus Institute organised an important ‘industry day’ on January 16, 2024, as part of the EUROCC2 project, according to a statement released ...

The launch of the India-Middle East-Europe Economic Corridor (IMEC), an initiative that aims to bolster economic development between Asia, the Persian Gulf and Europe, has the potential to provide opportunities ...

London remains the world’s top financial centre as New York slips into second place, after tying with the UK capital last year, the City of London Corporation’s own ...

Low cost air carrier Wizz Air on Monday announced that it recorded a significant surge in its Cypriot passenger numbers in 2023, with a remarkable 71 per cent increase compared to the ...

Oil seesawed between modest falls and gains on Wednesday as traders weighed the impact on prices stemming from escalating geopolitical tensions, concerns over tepid demand and a stronger dollar. The ...

TechIsland, the largest tech association in Cyprus, on Wednesday released a statement announcing the return of its workshop series, “Startup School”, which is part of the TechIsland Academy and aims ...

Carrying more stock, switching to suppliers nearer to consumers and reducing dependence on China are tactics European and US retailers used to build more resilient supply chains following disruptions during ...

The Human Resource Development Authority of Cyprus (Anad) on Tuesday outlined its strategic objectives for the years 2024 to 2026, saying that its focus is on the continuous and lifelong learning of ...

Freedom Finance Europe recently announced that it continues to improve the conditions for its clients to keep free cash on the Freedom 24 investment platform, with the interest paid on the ...

Associated British Foods (ABF.L), opens new tab said underlying sales growth slowed at its Primark clothing business in the Christmas quarter, hurt by unseasonal warm weather at the start ...

It is a close call whether the Bank of England starts trimming borrowing costs next quarter or in July-September, a Reuters poll found, with only a slim majority of economists ...

The Bank of Japan maintained its ultra-easy monetary settings on Tuesday but signalled its growing conviction that conditions for phasing out its huge stimulus were falling into place, suggesting that ...

Cyprus-based proptech startup Movingdoors, which provides tech-enabled serviced apartments, this week announced the successful closure of its recent seed funding round, raising a total amount of €1.163 million with Uni.fund, ...

PwC Cyprus hosted a breakfast event titled ‘Setting Sail for Success in the Shipping Sector’ on January 23, bringing together leaders from the Cyprus shipping industry to address critical challenges and ...

Cyprus Deputy Minister of Shipping Marina Hadjimanolis held discussions with top executives of Royal Caribbean in Miami during the previous week, presenting the competitive advantages and services offered by ship ...

Cyprus’ Composite Leading Economic Index (CLEI), a key economic indicator compiled by the University of Cyprus’ Economic Research Centre (CypERC), remained positive in the fourth quarter of 2023, albeit while experiencing ...