#business

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 ...

Oil prices fell by more than $1 on Wednesday ahead of the US Federal Reserve’s interest rate decision, with investors uncertain when peak rates will be hit and how much ...

The US Securities and Exchange Commission (SEC) on Tuesday charged Concord Management and its owner with failing to register with regulators while operating as an investment adviser to an unidentified ...

Volvo Cars (VOLCARb.ST) said on Tuesday that it will end production of any remaining diesel models by early 2024 as it heads towards becoming an all-electric carmaker. “In a few ...

The Cyprus Hoteliers Association (Pasyxe), led by President Thanos Michaelides and General Director Philokypros Rousounides, held discussions with the Greek Minister of Tourism, Olga Kefalogianni, and representatives of the Hellenic ...

In celebration of International Equal Pay Day, the Commissioner for Gender Equality and the Cyprus Chamber of Commerce (Keve) have announced a collaborative effort to advance gender equality in the ...

Bitcoin isn’t the only asset experiencing a late summer slump. Stablecoins, cryptocurrencies typically pegged to real-world assets like the US dollar, have wilted to their lowest market capitalization in ...

Hackers who breached casino giants MGM Resorts International (MGM.N) and Caesars Entertainment (CZR.O) in recent weeks also broke into the systems of three other companies in the manufacturing, ...

The European Central Bank is done hiking interest rates and will stay on hold until at least July next year, according to economists in a Reuters poll, who said there ...

TechIsland, Cyprus’s leading tech business association, celebrated a significant milestone as it concluded the “Building Tech Islands: A Workshop on Attracting Foreign Tech Companies”. Held as a side event ...

Tourist arrivals to Cyprus witnessed a significant surge of 60,254 visitors in August 2023, a rise of 13.4 per cent compared to August 2022, primarily attributed to a remarkable increase of nearly 33,000 tourist arrivals ...

At factories in Japan’s industrial heartland, Toyota (7203.T) has turned to self-propelled assembly lines, massive die casting and even old-fashioned hand polishing as it aims to make up for ...

Societe Generale’s (SOGN.PA) much-hyped new strategy plans were given a thumbs down by investors on Monday, underscoring uncertainty over European banks as they face a brittle economy. As ...