#business

Egypt’s annual urban consumer inflation rate surged to a five-year high of 18.7 per cent in November, closely matching analyst expectations, data from the statistics agency CAPMAS showed on Thursday. ...

European motorists could find Russian diesel in their tanks even after bans take effect because regulators lack tools to trace the origin of fuel when it has passed through other ...

Cyprus Chamber of Commerce and Industry (Keve) secretary general Marios Tsiakkis this week said that this year has been a critical one for Cypriot tourism, posing many challenges for all ...

Cypriot company Tototheo Maritime, a leading maritime technology integrator and provider, this week announced that its co-CEO Despina Panayiotou Theodosiou was included in Lloyd’s List of 100 People in Shipping, ...

Microsoft (MSFT.O) has entered into a 10-year commitment to bring the gaming title “Call of Duty” to Nintendo (7974.T) platforms, the chief executive officer of Microsoft Gaming, Phil Spencer, ...

Global ratings agency Fitch this week announced that it has upgraded the Bank of Cyprus’ Long-Term Issuer Default Rating (IDR) to ‘B+’ from ‘B-‘ and Viability Rating (VR) to ‘b+’ ...

FTX founder and former chief executive Sam Bankman-Fried and Caroline Ellison, head of its now-defunct trading affiliate, have tapped defense attorneys as US authorities probe the crypto exchange’s collapse, ...

Turkey’s MNG Airlines will list on the New York Stock Exchange through a merger with Golden Falcon Acquisition Corp (GFX.N), a special purpose acquisition company (SPAC), the Turkish ...

British house prices slid last month by the most since the global financial crisis as the slowdown in the housing market intensified, mortgage lender Halifax said on Wednesday. House prices ...

Mitchells & Butlers Plc (MAB.L) said on Wednesday recent sales in the new fiscal year were encouraging, but the British pub and restaurant group flagged challenges arising from surging ...

The Council for Registration of Real Estate Agents on Tuesday said that an important measure will soon be implemented that will have a bearing on the Cypriot property market and ...

The Minister of Energy, Commerce and Industry Natasa Pilides on Tuesday departed for Cairo, where she will preside over the eighth ministerial meeting of the East Mediterranean Gas Forum (EMGF), ...

“I’m nearly bankrupt,” says Jad Fawaz, a crypto trader in Abu Dhabi. “I’m laughing because there’s no point in exerting more depression and more frustration about it.” ...

Euro zone inflation may have peaked but will subside so slowly that it could be years before it gets back to the European Central Bank’s 2 per cent target, keeping ...

US weapons maker Lockheed Martin (LMT.N) and Israeli contractor Rafael have teamed up to create a high-energy laser weapon system, based on a technology already under development in Israel ...

Goldman Sachs (GS.N) plans to spend tens of millions of dollars to buy or invest in crypto companies after the collapse of the FTX exchange hit valuations and dampened ...

Deputy Minister of Tourism Savvas Perdios on Tuesday said that the future of Cypriot tourism is promising, despite a number of challenges, before expressing his desire that the upcoming presidential ...

As the US dollar tumbles from multi-decade highs, some investors are betting emerging market currencies will be big winners from a sustained reversal in the greenback. The MSCI International Emerging ...

Neuralink, the Elon Musk company that Reuters reported on Monday is the target of a federal investigation over its animal trial program, has been trying to develop a brain chip ...

Cyprus Airways on Tuesday announced that it is increasing its capacity over the Christmas period, offering more than 6,000 additional seats for travel to and from Cyprus. According to the announcement, ...

European Union countries on Tuesday considered the latest proposal for a lower gas price cap of 220 euros ($231), a week away from a meeting when the bloc hopes to resolve an ...

Banks in countries such as Ukraine and Turkey face a “very high” risk from restrictions on capital flows, weak international reserves and a high level of foreign currency debt, Moody’...

The European Central Bank will have to raise interest rates several more times to tame price pressures, even if headline inflation is now close to its peak, ECB chief economist ...

The International Air Transport Association (IATA) this week said that the recovery in international air travel continued in October, with total traffic during that time rising by 44.6 per cent compared ...