#business

The harmonised index of consumer prices in Cyprus rose to 8.1 per cent in 2022, compared to 2021, according to a report released on Wednesday by the Cyprus Statistical Service (Cystat). In addition, ...

Russia’s current account surplus hit a record high in 2022, the central bank said on Tuesday, as a fall in imports and robust oil and gas exports kept foreign money ...

European Central Bank staff are losing confidence in the institution’s leadership following the ECB’s failure to control inflation and a pay award that lagged the leap in prices, ...

Cryptocurrency exchange Coinbase Global Inc (COIN.O) on Wednesday said it will halt operations in Japan due to volatile market conditions. All Coinbase Japan customers will have until Feb. 16 to ...

Bitcoin is on the charge in 2023, dragging the crypto market off the floor and electrifying bonk, a new meme coin. The No.1 cryptocurrency has clocked a 26 per cent gain in ...

Turks beset for years by soaring inflation and currency crashes will soon decide whether to forge ahead with President Tayyip Erdogan’s vision of a heavily-managed economy, or ditch it ...

Bankrupt crypto exchange FTX said in a report to creditors on Tuesday that about $415 million in cryptocurrency had been stolen in hacks. FTX has said it had recovered over $5 billion ...

A 2016 video that Tesla (TSLA.O) used to promote its self-driving technology was staged to show capabilities like stopping at a red light and accelerating at a green light that ...

Europeans have dialled down their heating this winter, apparently heeding government calls to conserve energy amid the Ukraine crisis, with some delaying switching it on by almost a month and ...

Microsoft Corp (MSFT.O) plans to cut thousands of jobs with some roles expected to be eliminated in human resources and engineering divisions, according to media reports on Tuesday. The ...

Tourist arrivals to Cyprus reached 3,201,080 people in 2022, compared to 1,936,931 in 2021, according to a report released on Tuesday by the Cyprus Statistical Service (Cystat). Despite the uptick over the year before, ...

The majority of chief executive officers believe that global economic growth will decline over the coming year, with 73 per cent of participants contributing to the most pessimistic outlook in more ...

The Bank of Sydney this week announced that its long-serving CEO, Miltos Michaelas, will be departing the bank at the end of June 2023 to return to Cyprus after over 6 years ...

Goldman Sachs Group Inc (GS.N) on Tuesday reported a bigger-than-expected 69 per cent drop in fourth-quarter profit as it struggled with a slump in dealmaking and weakness in its wealth ...

Local start-ups are getting the opportunity to develop their original ideas through mentoring and training by participating in the second cycle of the Microsoft programme. Microsoft for start-ups Cyprus has ...

The West’s top energy firms are expected to rake in a combined record profit of $200 billion from a turbulent 2022 marked by huge volatility in oil and gas prices after ...

Average weekly earnings +6.4 per cent yy, stronger than forecasts BoE watching pay growth as it gauges next rate hike move Jobless rate holds at 3.7 per cent, close to five-decade low ...

The Cyprus Economy and Competitiveness Council on Monday said that Cypriot businesses can become better equipped to offer more value to their customers by exploring the possibility of mergers and ...

Renault SA (RENA.PA) and China’s Geely Automobile Holdings (0175.HK) are working to finalize a deal to bring Saudi Arabian state oil producer Aramco (2222.SE) in as an investor ...

Bank of Israel policymakers expressed concern that the new government will boost spending too much and harm its ability to return inflation to its 1-3 per cent annual target. Minutes ...

The Council for Registration of Real Estate Agents on Monday released a statement saying that the total value of all real estate sold in Cyprus in 2022 reached approximately €6 billion. “Amidst ...

French multinational hospitality company Accor, which owns, manages and franchises hotels, resorts and vacation properties, has announced that it will soon open a new hotel in Cyprus. Accor is the ...

Toyota Motor Corp (7203.T) on Monday said it expects to produce as many as 10.6 million vehicles this year, while warning of downward risk to its projection if it faces an ...

Europe is set to ban imports of Russian oil products on Feb. 5 in a move that is already causing massive shifts in global diesel trading. Buyers are rushing to fill ...