#business

A softening employment market in Britain “must weaken” consumer demand in 2024/25, the boss of clothing retailer Next (NXT.L), said on Thursday. “I’m not going to try and predict ...

In a collaborative effort to tackle the challenges facing the tourism industry, particularly the shortage of staff, the Pancyprian Association of Owners of Hospitality Centres (Osika) held a meeting earlier ...

The upward trajectory of property prices in Cyprus over recent years, driven notably by the rising cost of construction materials and increased demand, has prompted concerns among experts, including Marinos ...

During a meeting held this week in New York, Cyprus President Nikos Christodoulides engaged in discussions with the leadership of Ernst and Young, headed by Julie Linn Teigland, Managing Partner ...

Cyprus is dedicated to a dual green and digital transformation, with clear objectives aligned with EU priorities, according to a statement released on Thursday by Deputy Minister of Research, Innovation, ...

British retail sales partially recovered in August after a rainy July washout, official figures showed on Friday, adding to signs that the country’s consumers were mostly coping with the ...

Invest Cyprus on Friday released a statement outlining the targeted actions that it has taken to attract investments in the tourism and hospitality sector, within the context of its successful ...

Oil prices rose on Friday as concerns that a Russian ban on fuel exports could tighten global supply outweighed fears that further US interest rate hikes could dent demand, but ...

Turkey’s central bank raised its key interest rate by a lofty 500 basis points to 30 per cent on Thursday, marking a second month of aggressive tightening after President Tayyip Erdogan ...

When Lachlan Murdoch, the eldest son of media titan Rupert Murdoch, was named the sole chairman of News Corp (NWSA.O) Thursday, the announcement put to rest immediate questions about ...

The Cypriot banking sector managed to bolster its resilience in 2023, despite recent economic and geopolitical events, according to Constantinos Herodotou, the governor of the Central Bank of Cyprus. Speaking at ...

An initiative by the Bank of Cyprus aimed at bolstering efforts to protect borrowers and first homes was discussed on Monday during a meeting of the bank’s leadership, led ...

Travel boom has delivered bumper earnings for US carriers, but no-frills airlines such as Frontier (ULCC.O) and Spirit (SAVE.N) are struggling to return to sustainable profitability. That has ...

Ryanair (RYA.I) said on Thursday it will cut 17 routes from its winter schedule at Dublin airport and move all 19 of its new Boeing 737 MAX planes to other European airports ...

US employers are bracing for the largest increase in health insurance costs in a decade next year, according forecasts from healthcare consultants, but workers may be somewhat spared this time ...

Government policies to fight climate change are discouraging oil companies from investing heavily in new production even as they turn in record profits – a dynamic that could spell tight supply ...

Cyprus Finance Minister Makis Keravnos on Thursday outlined three key characteristics of the state budget for 2024, the first under the administration of President Nikos Christodoulides. The budget is expected to ...

In a bid to combat carbon emissions and align with European Union climate targets, DP World Limassol is collaborating with the Cypriot government and local partners to introduce an onshore ...

Jet engine maker CFM International said on Wednesday thousands of engine components may have been sold with forged paperwork by a British distributor, as the fallout from a probe into ...

Walt Disney (DIS.N) CEO Bob Iger told investors the company will “quiet the noise” in a culture war that has pitted social conservatives against the global media and entertainment ...

In a recent analysis by Eurobank Research Economist Michail Vassileiadis, it was revealed that Cyprus’ economy is on track to sustain robust growth in 2023, even in the face of global ...

Cyprus experienced a significant rebound in inflation in August 2023, primarily attributed to the surge in food prices, effectively ending a year-long period of declining prices since its peak in July 2022 ...

Representatives of the world’s major investment funds and managers are expected to convene in Limassol, Cyprus, from October 23 to 25 for the 36th Annual International Investment Funds Association (IIFA) conference. ...

The US Federal Reserve held interest rates steady on Wednesday but stiffened a hawkish monetary policy stance that its officials increasingly believe can succeed in lowering inflation without wrecking the ...