#business

Long before Europe faced its debt crisis, Sweden struggled through its own 1990s property crash. Now the country is preparing to use an old playbook to contain its problems. Sweden ...

Meta Platforms (META.O) executives are heavily focused on boosting retention on their new Twitter rival Threads, after the app lost more than half of its users in the weeks ...

Turkey’s new central bank chief pitched a comprehensive monetary policy in her first formal address to the media while her acknowledgment of stark inflation pressures was welcomed by foreign ...

The economic climate in Cyprus witnessed a decline in July 2023, with the Economic Sentiment Indicator (ESI) dropping by 2.7 units compared to June. According to an announcement from the Centre for ...

Alpha Bank Cyprus this week announced that it is proactively rewarding its customers who remain diligent in repaying their variable-rate housing loans. According to the announcement, in line with its ...

A Liberian-flagged oil tanker set sail in May from Russia’s Ust-Luga port carrying crude on behalf of a little-known trading company based in Hong Kong. Before the ship had ...

Sony Group Corp (6758.T) has sold more than 40 million PlayStation 5 consoles, its gaming division said on Thursday, citing the easing of supply chain problems. “It took months for supply chains ...

The investment firm of Spanish billionaire Amancio Ortega, the founder of fashion giant Inditex (ITX.MC), on Thursday reported a 2.8 billion-euro jump in the market value of its real estate ...

The Cyprus Securities and Exchange Commission (CySEC) on Thursday announced its decision to impose an administrative fine of €100,000 on Cyprus Investment Firm BDSwiss Holding Ltd. According to the relevant announcement, ...

The European Central Bank raised interest rates for the ninth consecutive time on Thursday and kept the door open to further tightening as stubborn inflation and a growing risk of ...

The tourism ties between Cyprus and China, the world’s most populous country, took centre stage at the “China-Cyprus Tourism Promotion Webinar”, which was held earlier this week. According to ...

Cyprus’ rental prices across all property types experienced a rise during the second quarter of the year, according to a report released on Thursday by Ask Wire, a Cypriot tech-informed ...

Seven major automakers on Wednesday said they were forming a new company to provide electric vehicle charging in the US, in a challenge to Tesla (TSLA.O) and a bid ...

Samsung Electronics (005930.KS) on Thursday said the worst is over for the global memory chip market but announced plans to extend production cuts because a demand recovery is largely constrained ...

The Biden administration is poised to increase outreach to western trading houses, insurers and tanker owners to remind them to abide by the Group of Seven’s price cap on ...

A look at the day ahead in European and global markets Is the most aggressive US hiking cycle in a generation finished? After Wednesday’s 25 basis point hike, markets seem ...

The Gen Y Innovation Network, the youth entrepreneurial arm of the UK-Cyprus Enterprise Council (UKCEC), in collaboration with the EPISTEME organisation, recently held an event titled ‘Tech Startups: Opportunities and ...

Debt management firm Themis Portfolio Management on Wednesday released a statement in which it reaffirmed its commitment to collaborate with borrowers to find quick, transparent, and consensual solutions for credit ...

The International Monetary Fund cut its 2023 GDP growth projection for Saudi Arabia to 1.9 per cent in its latest World Economic Outlook update released on Tuesday, to reflect the impact of ...

British luxury carmaker Aston Martin’s (AML.L) second-quarter results beat market expectations on Wednesday, powered by higher prices and demand for its DBX707 sports utility vehicle and limited edition ...

Deutsche Bank (DBKGn.DE) on Wednesday posted a 27 per cent fall in second-quarter profit as investment banking revenue slumped and warned of the need for cost cuts even though higher ...

A slide in the dollar and signs that volatility is returning to foreign exchange markets as interest-rate hikes bite is causing investors to reassess wildly popular carry trades and to ...

The Cyprus Securities and Exchange Commission (CySEC) this week announced a decision to impose a massive fine of €400,000 on the Cyprus investment firm Goldenburg Group Ltd. The commission explained that ...

The International Monetary Fund confirmed its latest forecast for British economic growth this year, saying cheaper energy, better relations with the European Union and calmer financial markets had improved the ...