#business

Oil prices traded mostly flat on Thursday, giving up gains made earlier in the day, as optimism over China’s demand outlook was tempered by caution ahead of upcoming inflation ...

British consumers turned a little bit less pessimistic in December as inflation started to fall back from historic highs, a survey published on Thursday showed. Polling firm YouGov and consultancy ...

British retailer Marks & Spencer (MKS.L) reported strong Christmas sales, with demand for turkeys helping to deliver its highest ever share of the food market and partywear boosting its ...

Crypto exchange FTX has recovered more than $5 billion in liquid assets but the extent of customer losses in the collapse of the company founded by Sam Bankman-Fried is still unknown, ...

The House Price Index registered an annual increase of 5.3 per cent during the third quarter of 2022, amounting to 112.51 points, according to a preliminary estimate released this week by the Cyprus ...

Cypriot fintech Ask WiRE CEO Pavlos Loizou, in an analysis piece examining the landscape of the domestic real estate market in the coming year, explained that residential property prices will ...

Coinbase Global Inc (COIN.O) said on Tuesday it will cut about 950 jobs, or 20 per cent of its workforce, as part of a restructuring plan that marks the third round ...

Staff at Goldman Sachs (GS.N) are bracing for news on whether they will keep their jobs on Wednesday, as the U.S. investment bank begins a sweeping cost-cutting drive ...

Oil prices were broadly steady on Wednesday as market participants were pulled in different directions by an unexpected build in US crude and fuel inventories, global economic uncertainty and China ...

LVMH (LVMH.PA) Chairman and CEO Bernard Arnault has reshuffled top management at his luxury goods empire, tightening his family’s grip with the appointment of his daughter Delphine to ...

Getting the design of a digital pound right is a bigger priority than a rapid launch, Britain’s Financial Services Minister Andrew Griffith said on Tuesday. China has pushed ahead ...

Egypt committed to a flexible currency, a greater role for the private sector and a range of monetary and fiscal reforms when it agreed to a $3 billion financial support package ...

Cyprus’ trade deficit reached €6.82 billion in the period between January and November 2022, compared to €4.91 billion in the corresponding period last year, according to preliminary data published this week by the ...

‘Larnaca’s character must be preserved at all costs’ President of the Larnaca Chamber of Commerce (Evel) Stavros Stavrou on Tuesday expressed optimism that the various innovative actions, combined with ...

Baker Tilly Cyprus, a firm specialising in assurance, audit, and financial compliance reporting, as well as advisory, tax and specialist consulting, this week released its Cyprus Tax Facts guide for 2023. ...

Bitcoin’s looking steady in 2023. But it’s only been a week. Cryptocurrencies have crept into the new year, licking their wounds after the carnage of 2022. The overall global crypto ...

British luxury carmaker Bentley on Tuesday reported record vehicle sales for 2022, with strong demand offsetting a 9 per cent drop in China caused by coronavirus-related lockdowns. The Volkswagen (VOWG_p.DE) ...

Hedge funds last year posted their worst performance since 2018, mainly dragged down by equities as portfolio managers struggled to place their bets amid market turmoil, industry data provider HFR said ...

Weak confidence around personal finances and a squeeze on disposable income will hold back growth in food retail sales to around 5 per cent in 2023, according to market researcher NielsenIQ. In ...

Britain’s Travel Association, formerly known as the Association of British Travel Agents (ABTA), recently released its ‘top 23 for 23’ list, detailing the 23 most popular destinations people say they plan to ...

Sam Bankman-Fried may find it hard to argue the fraud charges against him should be tossed because of uncertainty as to how US law treats cryptocurrency, as other high-profile defendants ...

The Swiss National Bank posted an annual loss of 132 billion Swiss francs ($143 billion) in 2022, it said on Monday, the biggest in its 115-year history as falling stock and fixed-income markets ...

Cyprus Energy Regulatory Authority (CERA) chairman Andreas Poullikkas on Monday stated the energy transition, which primarily concerns the transition from fossil fuels to sustainable energy sources, while a necessary and ...

Consulting, assurance, and tax advisory firm EY Cyprus has released the latest edition of its Cyprus Tax Facts guide, which takes into account the most up-to-date legislative changes for 2023. “As ...