#business

The Bank of England said on Thursday it had allotted 46.180 billion pounds ($57.49 billion) at its first short-term repo of 2025, the second-highest amount on record and up from 38.075 billion pounds at ...

Sterling dropped to a near-nine month low against the dollar on Thursday, hurt by the US currency’s relentless rise on expectations of dollar-supportive policies from incoming President Donald Trump ...

Tesla (TSLA.O) reported its first decline in annual deliveries on Thursday, as the automaker handed over fewer-than-expected electric vehicles in the fourth quarter and incentives failed to boost demand ...

The Cyprus Chamber of Commerce & Industry (Keve) on Thursday released a statement congratulating Thomas Kazakos, the director general of the Cyprus Shipping Chamber (CSC), on his appointment as secretary-general ...

Consulting and advisory firm PwC Cyprus on Thursday announced that it has published its new tax guide for 2025. “The guide serves as an important source of information on all tax-related ...

The consumer price index (CPI) in Cyprus closed 2024 with a year-on-year increase of 1.8 per cent, while inflation saw a rise in December, according to a report from the state’s ...

The Cyprus Employers and Industrialists Federation (Oev) has issued a call for applications for its members to participate in a business conference and B2B meetings set to take place ...

Sir Stelios Haji-Ioannou, founder of the easyGroup and the Stelios Philanthropic Foundation, on Thursday announced the launch of the 15th annual Stelios Bicommunal Business Cooperation Awards. This year, the initiative ...

Casino revenues in Macau, the world’s biggest gambling hub, soared by nearly a quarter in 2024 but still came in short of pre-pandemic levels, underlining the need for the former ...

Investors are expecting more gains for the US stock market in 2025 after two straight standout years, fueled by a solid economy supporting corporate profits, moderating interest rates and pro-growth policies ...

US planemaker Boeing (BA.N) is on track to be the biggest loser of 2024 in the Dow Jones Index, tumbling 32 per cent as it bounced from one crisis to another. ...

Bitcoin more than doubled in 2024 driven by the US markets regulator’s approval for exchange-traded funds tied to its spot price, and optimism over easing regulatory hurdles with Donald Trump ...

Oil prices are likely to be constrained near $70 a barrel in 2025 as weak demand from China and rising global supplies are expected to cast a shadow on OPEC+-led efforts ...

The Cypriot economy demonstrated remarkable resilience in 2024, achieving a growth rate of 3.7 per cent despite persistent geopolitical and internal challenges. Tourism, construction, and the wholesale and retail trade sectors have ...

World stocks held steady on Tuesday in cautious year-end trading that has seen investors bracing for the incoming Donald Trump administration by scaling back bets on deep US interest rate ...

Kuwait will impose a minimum top-up tax (DMTT) of 15 per cent on multinational enterprises operating in the country, starting in January, the finance ministry said this week. The finance ministry ...

Tourism revenue in Cyprus reached €407.9 million in October 2024, marking a 17.7 per cent increase compared to the €346.5 million recorded in October 2023, according to the Cyprus Statistical Service. For the January-October 2024 period, ...

Cyprus industrial producer price index decreased by 1.6 per cent in November 2024, compared to the same month in 2023, according to the state’s statistical service. The index reached 122.0 points, with 2021 acting ...

Greece on Tuesday successfully raised €600 million through a three-month treasury bill auction, according to the Public Debt Management Agency (PDMA). The bills were sold at a yield of 3.00 per cent, ...

The CFA Society Cyprus has launched a new podcast series focusing on financial issues that shape the economy and society, with its first episode delving into Cyprus’ pension system. According ...

The Cypriot economy demonstrated remarkable resilience in 2024, achieving a growth rate of 3.7 per cent despite persistent geopolitical and internal challenges. Tourism, construction, and the wholesale and retail trade sectors have ...

Between January and October 2024, the industrial production index in Cyprus increased by 3.8 per cent compared to the same period in 2023, according to a report released from the state’s statistical ...

The Cyprus Stock Exchange (CSE) performed robustly in 2024, with significant increases in trading activity, market capitalisation, and investment interest, according to its chairman Marinos Christodoulides. The CSE chairman said that ...

The Association of Cyprus Banks on Monday announced that interbank and cross-border transactions will soon be completed in just 10 seconds, with the service being available round-the-clock. The new service will ...