#business

Cyprus’ unemployment rate rose to 6.8 per cent during the first quarter of 2023, despite the increase in the number of employed individuals, compared to 6.6 per cent in the same quarter of 2022, ...

Oil fell for a second day on Wednesday as concerns over global economic headwinds deepened, erasing the price gains booked after top crude exporter Saudi Arabia’s surprise weekend pledge ...

Cypriot lender AstroBank on Wednesday announced that it is freezing the base interest rate for first-time homebuyers for all eligible borrowers. “AstroBank is moving forward with a programme to reward ...

British house prices dropped on an annual basis in May for the first time in 11 years, and pressure on prospective buyers from higher mortgage rates could deepen the downturn, mortgage ...

The top US securities regulator sued cryptocurrency platform Coinbase on Tuesday, the second lawsuit in two days against a major crypto exchange, in a dramatic escalation of a crackdown on ...

The International Air Transport Association (IATA) this week called for the implementation of consumer protection regulations in order to address the shared responsibility among all stakeholders when passengers face disruptions. ...

The outlook for most major housing markets has improved slightly from three months ago despite high interest rates, according to Reuters polls of property analysts who were mostly split on ...

Total new loans in Cyprus decreased to €473.9 million in April 2023, compared to €922.5 million in the previous month, according to a report released on Tuesday to the Central Bank of Cyprus (...

Subway is seeking big new franchisees in the United States in a push to revamp its ownership model, but low restaurant profits and outdated stores are making it a tough ...

Investors have pulled around $790 million from the crypto exchange Binance and its US affiliate in the last 24 hours, data firm Nansen said on Tuesday, a day after a top US ...

Apple (AAPL.O) on Monday unveiled a costly augmented-reality headset called the Vision Pro in its riskiest bet since the introduction of the iPhone more than a decade ago, barging ...

Twitter’s new Chief Executive Officer Linda Yaccarino has begun her role at the social media company, she tweeted late on Monday, about a month after Elon Musk named her ...

The economy of Cyprus is expected to experience a slowdown, with growth projected to reach approximately 2.5 per cent in 2023, according to a report released on Tuesday by the International Monetary ...

Even as higher costs of borrowing continue to choke dealmaking, fund managers and bankers believe smaller UK-listed firms remain attractive to private equity players flush with unspent funds of nearly ...

Eurozone business activity was shored up last month by the bloc’s dominant services industry offsetting a deepening decline in the manufacturing sector, according to a survey which also showed ...

UBS (UBSG.S) expects to complete its takeover of Credit Suisse (CSGN.S) “as early as June 12”, which will create a giant Swiss bank with a balance sheet of $1.6 trillion ...

Oil prices rose by more than $1 a barrel on Monday after top crude exporter Saudi Arabia pledged to cut production by a further 1 million barrels per day (bpd) from July ...

Lululemon Athletica Inc (LULU.O) raised its annual sales and profit forecasts on Thursday as wealthy Americans snap up its pricey activewear even though inflation hounds wider retail spending, sending ...

ASOS (ASOS.L), the British online fashion pioneer valued at more than 7 billion pounds ($8.8 billion) just over two years ago, has been relegated from the FTSE 250 index of mid-sized companies, ...

Investors who earned easy money with high-risk bonds invented after the financial crisis are being forced to accept that the rules have changed: they may not get paid. Banks typically ...

The UAE Central Bank has issued new anti-money laundering and counter-terrorism financing guidance for financial institutions when dealing with virtual assets, such as cryptocurrencies and non-fungible tokens, it said on ...

Outdoor clothing retailer Patagonia Inc has settled its lawsuit accusing Gap Inc (GPS.N) of illegally copying the “iconic” snapped flap pocket that the company has long featured on its ...

Here are the top business stories in Cyprus from the week starting May 29: A new plan is expected in the coming days to protect the primary home of people belonging ...

By Tom Cassauwers Michiel Scheffer is hardly new to the world of innovation. For 15 years the Dutch national ran an innovation consultancy for fashion and textile companies. And on top ...