#business

The Association of Cyprus Banks on Monday announced that interbank and cross-border transactions will soon be completed in just 10 seconds, with the service being available round-the-clock. The new service will ...

Gradual interest rate cuts in Turkey next year will boost the banking sector and support demand for Turkish lira assets, Garanti BBVA (GARAN.IS) bank Chief Executive Mahmut Akten said ...

Global property catastrophe reinsurance rates will fall 5 per cent to 15 per cent on Jan. 1 for books of businesses which have not suffered losses, reinsurance broker Guy Carpenter has said, as ...

South Korea’s factory output fell more sharply than expected in November, government data showed on Monday, amid slowing exports and weakening business confidence. The industrial output index (KRIO=ECI) ...

Gold prices slipped in thin trade on Monday, as markets awaited next week’s US economic data and the potential impact of President-elect Donald Trump’s return to office on ...

The Cyprus Securities and Exchange Commission (CySEC) on Monday issued a circular to inform fund managers and related entities about the submission of quarterly statistics for Q4 2024. The reporting deadline ...

Cyprus retail trade association secretary Marios Antoniou on Monday expressed satisfaction with both customer footfall and revenue during the holiday season. Supermarkets and toy stores in particular thrived during this ...

Finance Minister Makis Keravnos announced updated interest rates for 2025 through decrees issued on Monday. The public interest rate for overdue payments has been set at 5.5 per cent, while the judicial ...

Oil prices slipped lower on Monday in thin holiday trade ahead of the year-end as traders awaited more economic data from China and the US later this week to assess ...

The Association of Cyprus Banks on Monday announced that interbank and cross-border transactions will soon be completed in just 10 seconds, with the service being available round-the-clock. The new service will ...

The International Air Transport Association (IATA) has released new estimates for sustainable aviation fuel (SAF) production, revealing slower-than-expected growth. In 2024, SAF production reached 1 million tonnes (1.3 billion litres), doubling the 0.5 million ...

The value of Portuguese homes that changed hands in the third quarter rose 28 per cent to a record 9.05 billion euros ($1.04 billion), potentially aggravating a shortage of affordable housing, as interest ...

Toyota Motor’s (7203.T) global production decreased for a 10th straight month in November, the Japanese carmaker said, although its worldwide sales grew for the second consecutive month on solid ...

New Nike (NKE.N) CEO Elliott Hill’s plan to refocus on sports that are core to its brand like basketball and running allayed some investor worries on December 20, but ...

It’s been a brutal year to be in the battery metals business. Prices of lithium, nickel and cobalt collapsed in 2023 and have continued grinding steadily lower over the course ...

Demetris Skourides spoke with Souzana Psara about his transformative first year as Chief Scientist. He detailed significant strides in research and innovation, Cyprus’ growing role on the global stage, and ...

British business confidence fell to its lowest level of 2024 in December but employers were a bit more optimistic about the wider economy, while separate data showed a pre-Christmas rise in ...

Japan’s government is set to compile a record $735 billion budget for the fiscal year from April due to larger social security and debt-servicing costs, adding to the industrial world’...

Cyprus Chamber of Commerce & Industry (Keve) president Stavros Stavrou on Friday released a year-end statement reflecting on the country’s economic progress. In addition, Stavrou addressed various challenges on ...

By Ioannis Tirkides History is not just the outcome of personalities, competing platforms, or a matter of chance. It can be all of that at times. But history is cumulative ...

Britain began a consultation this week to review rules that force automakers to produce more electric vehicles, following industry warnings that the current plan could lead to factory closures and ...

Total petroleum product sales in Cyprus fell by 4.7 per cent in November, compared to the same month in 2023, according to the Cyprus Statistical Service (Cystat). Despite the overall decline, kerosene ...

The US dollar was headed for an almost 7 per cent annual gain while Japan’s yen was set for a fourth consecutive year of losses on Friday, as traders anticipated ...

The Cyprus Securities and Exchange Commission (CySEC) on Friday published a consultation paper on amending the accepted languages for a prospectus. According to the commission, the approach proposed under this ...