#business

British retailers reported a boost in spending from Mother’s Day purchases in March, during an otherwise downbeat sales period when cost of living pressures and unusually wet weather kept ...

Egypt’s annual urban consumer inflation rate in March climbed to 32.7 per cent year-on-year, just shy of an all-time record, from 31.9 per cent in February, data from the country’s ...

Stek president Akis Vavlitis said that there is no alternative to focusing on quality tourism The president of the Association of Cyprus Tourist Enterprises (Stek) Akis Vavlitis on Monday said ...

Jeffrey Haley, the CEO of American National Bank and Trust Company, saw the crunch coming at the start of 2023. Rising interest rates and a slowing economy to him meant that ...

Mining company Venus Minerals has noted that a recent study by archaeologists at the University of Gothenburg has revealed that a village in Larnaca was one of the most important ...

Global shipments of personal computers (PCs) fell by 29 per cent in the first quarter of 2023 due to weak demand, excess inventory and a deteriorating macroeconomic climate, with Apple Inc taking ...

ASBIS and Lanitis Group will invest €1.2 million to help fuel cancer biotech Theramir’s growth and expand its portfolio of stem cell and microRNA-based technologies Cypriot biotech company Theramir, which ...

Oil prices were roughly unchanged on Monday as investors weighed the prospect of tighter supplies from OPEC+ producers from May against concerns about weakening global growth that may dampen fuel ...

As First Republic Bank’s share price fell by double-digits in the aftermath of the collapse of Silicon Valley Bank last month, some people close to the San Francisco-based lender ...

By Ioannis Tirkides Economists have no great answers to the question of how wages should change with inflation, and certainly the automatic cost-of-living adjustment mechanism is highly controversial. But there ...

Facebook-owner Meta (META.O) published an artificial intelligence model on Wednesday that can pick out individual objects from within an image, along with a dataset of image annotations that it ...

The European Union’s proposed regulations for crypto assets do not go far enough, and safeguards need to be strengthened to capture risks adequately, European Central Bank supervisory board member ...

Here’s a summary of the top business news stories from the week starting April 3 in Cyprus: Eurobank Cyprus was awarded the “Best Private Banking Boutique in Cyprus” award by ...

By identifying the gender of chicks in their eggs, EU-funded technologies could help prevent the killing of millions of the birds every year. By Pieter Devuyst Wil Stutterheim is on ...

Tesla Inc assures its millions of electric car owners that their privacy “is and will always be enormously important to us.” The cameras it builds into vehicles to assist driving, ...

The US Internal Revenue Service plans to hire nearly 30,000 new employees and deploy new technology over the next two years as it ramps up an $80 billion investment plan to improve ...

The Central Bank of Cyprus (CBC) this week released a report stating that the country’s current account deficit reached €2.46 billion in 2022, equivalent to 9.1 per cent of the country’s ...

The Cyprus Securities and Exchange Commission (CySEC) on Friday released an announcement summarizing all of the actions and initiatives it carried out as part of this year’s Global Money ...

The Cyprus Chamber of Commerce and Industry (Keve) on Friday announced that it offering grants between €2,000 and €5,000 for the development of the domestic Bee Economy, through a new purpose-built scheme, ...

Tesla (TSLA.O) cut prices in the United States between 2 per cent and nearly 6 per cent, its website showed on Thursday, as the company extends a discount drive on its ...

The US economy likely continued to churn out jobs at a brisk clip in March even though the labor market is losing its luster as Federal Reserve interest rate hikes ...

The Bank of Cyprus has once again been recognised as the best bank in Cyprus for 2023 in Private Banking, marking the seventh time the institution has received this accolade, according ...

Egypt’s headline inflation rate is set to hit an all-time high in March, a Reuters poll showed on Thursday, following a continued shortage of foreign currency after more than ...

The World Bank has revised its 2023 economic growth projection for the oil exporters of the six-member Gulf Cooperation Council (GCC) downwards to 3.2 per cent in its latest update released on ...