#business

Samsung Electronics’ (005930.KS) third-quarter profit is expected to drop 80 per cent from a year earlier as the effects of an ongoing global chip glut drive losses in what is normally ...

UK pension funds are rushing to sell unlisted assets – often at a discount – because they are overexposed to the opaque $12 trillion global private market as regulators question the true value ...

The International Monetary Fund (IMF) on Tuesday lowered its growth projections for Cyprus for the year 2023, citing various economic factors for this decision. According to the fund’s World Economic ...

President of the Cyprus Union of Shipowners Andreas Hadjiyiannis this week discussed the critical juncture facing European shipping, noting that the sector is currently fighting against a number of challenges. ...

The Cyprus Securities and Exchange Commission (CySEC) on Tuesday issued a warning that certain people are impersonating CySEC representatives on social media platforms in order to defraud them. This alert ...

The global coal industry may have to shed nearly 1 million jobs by 2050, even without any further pledges to phase out fossil fuels, with China and India facing the biggest losses, ...

Consumers in Britain held off on much of their non-essential spending last month as rising prices for motor fuel compounded the broader hit from the high cost of living, according ...

Oil prices eased on Tuesday after rallying more than 4 per cent in the previous session, with traders cautious as they watched for potential supply disruptions amid military clashes between Israel ...

The Russian rouble dived towards 101 against the dollar on Tuesday, heading back towards a more than 18-month low reached in the previous session, under pressure from domestic demand for foreign ...

Global companies have temporarily shut some operations in Israel and have asked employees to work from home following a devastating weekend attack by Palestinian Islamist group Hamas. Following are the ...

In a move aimed at bolstering its regulatory framework in the cryptocurrency sector, Cyprus is planning to introduce stringent penalties for cryptocurrency service providers (CSPs) who fail to register with ...

The Cyprus property market is witnessing a downturn in the issuance of construction permits, with a simultaneous increase in the total value of authorised units. This trend is evident in ...

Parklane, a Luxury Collection Resort & Spa, on Monday announced its recent accolades in the prestigious Conde Nast Traveler Readers’ Choice Awards. Recognised for its unwavering commitment to delivering unparalleled ...

Cypriot real estate data analytics firm, Ask Wire, specialising in the Cyprus and Greece property markets, has successfully closed its extension funding round, according to a statement by the company. ...

The US Securities and Exchange Commission (SEC) has taken Elon Musk to court again, and this time it may win. The agency on Thursday asked a federal court to force ...

Global cruise giant Royal Caribbean is taking another significant step to solidify its presence in Cyprus by gearing up for the inauguration of its European office in Limassol on Wednesday. ...

President Nikos Christodoulides highlighted the significant role of the shipping industry in Cyprus’ economy during his address on Monday at the opening of the international Maritime Cyprus 2023 conference held in ...

The Cyprus Securities and Exchange Commission (CySEC) unveiled its comprehensive “Investor Guide to Sustainable Investing” on Monday, shedding light on the growing importance of sustainable investing and providing essential insights ...

Europe’s luxury brands may have sparkled at Paris Fashion Week, but investors are questioning their taste for the shares in the face of a Chinese slowdown and interest rate ...

The United Arab Emirates is refashioning state-owned Abu Dhabi National Oil Company (ADNOC) in the image of an international oil major by stepping up its global expansion and finding new ...

The violence in Israel that erupted this weekend is prompting a move into safe-haven assets as investors closely watch events in the Middle East to gauge the geopolitical risk to ...

Contract drug manufacturers seeking to tap into the booming market for weight-loss drugs are investing billions of dollars to expand or build factories that fill the injection pens used to ...

OpenAI, the company behind ChatGPT, is exploring making its own artificial intelligence chips and has gone as far as evaluating a potential acquisition target, according to people familiar with the ...

By Ioannis Tirkides Europe’s fiscal rules were suspended in 2020 in the wake of the Covid crisis, the outbreak of war in Ukraine and the energy crisis it triggered. A ...