#business

The annual growth rate of the Composite Leading Economic Index (CPI) of Cyprus continued to slow in February 2024, remaining marginally positive. This trend, according to the Economics Research Centre (CypERC) ...

Deputy Minister of Tourism Kostas Koumis this week said that “a sustainable destination is one that respects both its visitors and its own resources, both natural and human”. Koumis’ comment ...

Oil prices were little changed on Friday, with global benchmark Brent hovering above $85 per barrel, as the possibility of a ceasefire in Gaza gained traction. Brent crude futures were down 2 ...

The US government’s antitrust lawsuit against Apple (AAPL.O) draws on the watershed 1998 case that broke Microsoft’s stranglehold on desktop software, but that may prove to be an ...

The Department of Registrar of Companies this week said that annual fees for companies registered with it are abolished from 2024 onwards, however, annual fees for the years 2011-2023 continue to ...

Some western banks are lobbying against EU proposals to redistribute billions of euros in interest earned on frozen Russian assets, senior industry sources said, fearing it could lead to costly ...

Minister of Labour Yiannis Panayiotou said this week that proficiency in Greek will play a pivotal role in the approval of renewed work permits and for new foreign applicants. Acknowledging ...

The Swiss National Bank cut its main interest rate by 25 basis points to 1.50 per cent on Thursday, a surprise move which made it the first major central bank to dial ...

Norway’s central bank kept its benchmark interest rate unchanged at a 16-year high of 4.50 per cent on Thursday, as unanimously expected by analysts, and signalled it plans a single ...

Brazil is expected to post its third annual increase in coffee production this year, a rare sequence seen only seven times in 144 years of coffee history in the world’s ...

Telecommunications company Cyta is moving ahead with a study on the creation of a new data centre, amidst interest from a total of ten companies, according to Cyta chairperson Maria ...

The Cyprus Stock Exchange (CSE) on Thursday announced the introduction of 25,000 new government bonds by the Republic of Cyprus. Specifically, the CSE confirmed its acceptance of the introduction of 25,000 Government ...

Federal Reserve Chair Jerome Powell said on Wednesday recent high inflation readings had not changed the underlying “story” of slowly easing price pressures in the US as the central bank ...

The Central Bank of Cyprus (CBC) on Thursday reported that a total of 16 bounced cheques, worth €19,388 overall, were issued in February. This resulted in 9 individuals (7 legal entities and 2 natural persons) ...

The recent surge in cryptocurrency prices has been driven by retail investors, but institutions are starting to join in, Goldman Sachs’ head of digital assets Mathew McDermott said earlier this ...

British house prices fell by 0.6 per cent on an annual basis in January, after a revised 2.2 per cent decrease in December, the Office for National Statistics (ONS) said. Wednesday’s ...

Reddit and its bankers are guiding that they could price the social media platform’s initial public offering (IPO) at the top of the indicated range or above, according to ...

Cyprus-based Infocredit Group, a firm specialising in business intelligence and regulatory technology (RegTech) solutions, this week announced a comprehensive rebranding and a website redesign, with a focus on an improved ...

The flow of tourists travelling from Israel to Cyprus is expected to be restored to last year’s levels within the next month, Association of Cyprus Travel Agents (Acta) chairman ...

The Cyprus Chamber of Commerce and Industry (Keve) announced this week that it will host a Business Forum on March 27, as part of the official visit of the President of ...

Saudi Arabia’s government plans to create a fund of about $40 billion to invest in artificial intelligence, the New York Times reported on Tuesday, citing three people briefed on the ...

British inflation slowed in February, keeping the Bank of England on track to start cutting interest rates in the months ahead and offering some better economic news to Prime Minister ...

The United States is pressing Austria’s Raiffeisen Bank International, the biggest Western bank in Russia, to drop plans to buy a 1.5 billion euro ($1.6 billion) industrial stake of a Russian ...

Cyprus’ Finance Minister Makis Keravnos on Wednesday met with the president and members of the board of directors of Eurobank Holdings, during which he underscored the significance of attracting foreign ...