#business

Russian crude oil producers are enjoying the cheapest costs to ship to refiners in China and India in almost a year thanks to a growing number of vessels plying the ...

Big banks in Britain are preparing for any future escalation of Western sanctions on China and have shared their “scenario planning” with the British and US governments, a senior banking ...

Oil prices were up on Friday after the US tightened its sanctions programme against Russian crude exports, raising supply concerns in an already tight market, and global inventories are forecast ...

Britain’s antitrust regulator on Friday cleared Microsoft’s (MSFT.O) acquisition of “Call of Duty” maker Activision Blizzard (ATVI.O) after the restructured deal addressed its earlier concerns. Activision ...

Cyprus-based Yotam Werzansky-Orland, Esq., CEO of KWO Strategy Ltd., has earned his place among the world’s top 300 innovation and intellectual property (IP) strategists, as recognised by the prestigious annual ...

Cyprus’ trade deficit for the period of January to August 2023 reached €5.8 billion, compared to €5.2 billion during the same period in 2022, according to a report released this week by the state’...

Cyprus has witnessed a notable increase in bounced cheques, with 26 such incidents totalling €276,202 reported in September 2023 alone. This concerning trend has landed 15 individuals (comprising 12 legal entities and 3 individuals) on the ...

Limassol port management company DP World recently concluded a three-month internship programme for students specialising in shipping and related fields, in a bid to strengthen its ties with the local ...

Toyota Motor (7203.T) and Idemitsu Kosan (5019.T) have formed an alliance to develop and mass-produce all-solid-state batteries for electric vehicles, the companies said on Thursday. The partnership follows an announcement ...

Cyprus’ construction sector has seen significant developments in the third quarter of 2023, with both price indices and production on the rise, according to a report released this week by the ...

The Cyprus Chamber of Commerce & Industry (Keve) on Thursday announced that it has partnered with the EU-Georgia Business Council and received support from the Cyprus-Georgia Business Association, in a ...

OpenAI plans to introduce major updates for developers next month to make it cheaper and faster to build software applications based on its artificial intelligence models, as the ChatGPT maker ...

A group of Japanese firms will issue a digital currency by July 2024 for the transaction and settlement of clean energy certificates, cryptocurrency exchange DeCurret said on Thursday. GMO Aozora Net ...

Governor of the Central Bank of Cyprus (CBC) Constantinos Herodotou is participating in the annual meetings of the World Bank and the International Monetary Fund (IMF), taking place this week ...

British airline easyJet (EZJ.L) said on Thursday it had reached a proposed deal with Airbus to expand its fleet by up to 257 additional aircraft, plotting its growth beyond 2028, with ...

Cyprus has reported a government surplus of €881.9 million, equivalent to 3.1 per cent of the Gross Domestic Product (GDP), according to preliminary fiscal results released by the state’s statistical service ...

Cyprus experienced a substantial improvement in its current account deficit during the second quarter of the year, which narrowed to €346.1 million from €1.04 billion in the same period last year, according ...

Exxon Mobil (XOM.N) is expected to say on Wednesday it will buy US rival Pioneer Natural Resources (PXD.N) for about $60 billion, a deal that puts it atop the ...

British employers cut their job vacancies for the first time in more than two-and-a-half years in September and reduced their hiring again, a recruiters’ industry body said on Wednesday, adding ...

The International Monetary Fund (IMF) has painted a positive picture of Cyprus’ fiscal outlook, predicting significant primary surpluses and a substantial reduction in public debt, expected to dip below the ...

Cyprus has experienced a 3.85 per cent reduction in ship management revenues for the first half of 2023, according to a survey on ship management conducted by the Central Bank of Cyprus (...

Oil edged higher on Wednesday as investors grappled with the prospect of supply disruptions due to the Middle East turmoil. Brent crude rose 25 cents, or 0.3 per cent, to $87.90 a barrel ...

The spiralling conflict with the Palestinians is set to derail a fragile recovery in Israel’s all-important tech sector, say investors and analysts, after a global slowdown and the government’...

Britain is set to have the slowest-growing economy among the Group of Seven nations next year – when the country is likely to choose a new government – according to forecasts published ...