#business

Turkey’s central bank raised its policy rate by a larger-than-expected 500 basis points to 40 per cent on Thursday and said the pace of monetary tightening will slow down, with the ...

The Nicosia Chamber of Commerce & Industry (Evel) held its annual general assembly this week, highlighting critical proposals aiming to boost development in the Cypriot capital, improve the quality of ...

The European Commission this week projected a significant 30 per cent decrease in Cyprus’ public debt, as a percentage of its Gross Domestic Product (GDP), by the end of 2024. This projection ...

Investors pulled about $956 million from crypto exchange Binance over the past 24 hours, market data showed, after its chief, Changpeng Zhao, stepped down and faced prison time after pleading guilty on ...

Oil prices fell by more than 1 per cent on Thursday, extending losses from the previous session, after OPEC+ postponed a ministerial meeting, leading to speculation that producers might cut output ...

Demand for British government bonds has recovered from the damage dealt by the market turmoil which followed then Prime Minister Liz Truss’ mini-budget last year, the chief executive of the ...

Ahead of OpenAI CEO Sam Altman’s four days in exile, several staff researchers wrote a letter to the board of directors warning of a powerful artificial intelligence discovery that ...

Cyprus’ transport and storage sector experienced a robust annual growth of nearly 10 per cent during the third quarter of 2023, according to a report released this week by the Cyprus Statistical ...

Goldman Sachs says the possibility of a deeper group oil output cut is on the table when OPEC+ oil producers meet this weekend, and it expects Saudi Arabia and Russia ...

Britain’s economy is forecast to grow by 0.7 per cent in 2024, finance minister Jeremy Hunt said on Wednesday, citing the latest projections from the Office for Budget Responsibility (OBR). The ...

Α Larnaca resident, owner of a residential apartment, this week sent a letter to the House Standing Committee on Internal Affairs, advocating for changes to the legal framework regulating multi-owner buildings. ...

An OPEC technical panel invited a top financial market dealer to give a presentation this week which painted a bearish outlook for the oil market, according to materials from the ...

Scope Ratings, a German rating agency, this week upgraded the long-term rating of the Republic of Cyprus from BBB to BBB+, maintaining a stable outlook for the Cypriot economy. This ...

Binance chief Changpeng Zhao will step down and plead guilty to breaking criminal US anti-money laundering laws as part of a settlement resolving a years-long probe into the world’s ...

Warren Buffett said on Tuesday he has donated about $866 million of Berkshire Hathaway (BRKa.N) stock to four family charities, and told shareholders “I feel good” as he moves nearer ...

OpenAI on Tuesday said it reached an agreement for Sam Altman to return as CEO days after his ouster, capping frenzied discussions about the future of the startup at the ...

Cryptocurrency is a precocious industry, in its lows as well as its highs. So it makes sense that Binance, the world’s largest crypto exchange, has agreed to pay a $4.3 ...

The annual growth rate of Cyprus’ Composite Leading Economic Index (CLEI) remained positive in October 2023, despite a slight deceleration, according to the University of Cyprus Economic Research Centre. Based on ...

The Construction Materials Price Index in Cyprus experienced a marginal decrease of 0.13 per cent in October compared to the previous month, according to the latest report from the state’s ...

New car sales in the European Union rose 14.6 per cent in October, boosted in part by a big jump in sales of fully electric cars, while hybrid electric vehicles accounted ...

Pay awards from British employers rose in the three months to October thanks to rising public sector salaries but private sector pay deals – which are closely watched by the Bank ...

The Bank of Cyprus’ Innovation Centre, known as IDEA, this week officially announced the commencement of new applications from people with innovative ideas that have the potential to transform into ...

The euro zone’s sinking commercial property sector could struggle for years, the European Central Bank said on Tuesday, posing a threat to the banks and investors which financed it. ...

Waste from at least 19 international brands including Adidas and Walmart is being used to fuel kilns in brick factories in Cambodia, and some workers were falling ill, according to a ...