#business

The International Air Transport Association (IATA) recently released its latest industry report, revealing that the remarkable resurgence in passenger traffic, witnessed post-pandemic, persisted through August. “Demand for air travel performed ...

Cyprus has recorded a fiscal surplus of €676.3 million, representing 2.4 per cent of the Gross Domestic Product (GDP) for the year 2022, according to an announcement by the Cyprus Statistical Service. Additionally, ...

Britain’s businesses reported another decline in activity this month and cost pressures cooled further, surveys showed on Tuesday, underlining the risk of recession as the Bank of England prepares ...

Zara owner Inditex (ITX.MC), the world’s biggest clothing retailer, has agreed to buy recycled polyester from US start-up Ambercycle, the companies said on Wednesday. As fast-fashion retailers face ...

Japan’s government is considering spending around $33 billion for payouts to low-income households and an income tax cut in a package of measures to cushion the blow to households from ...

The total value of deposits in Cyprus witnessed a substantial increase of €87.7 million in September 2023, marking a recovery after two consecutive months of decline, according to a report released by ...

The Central Bank of Cyprus on Wednesday announced that Gabriel Makhlouf, the governor of the Central Bank of Ireland, concluded his visit to Cyprus, after an invitation had been extended ...

President Nikos Christodoulides this week underlined the government’s commitment to building a resilient economy, with a focus on modernity, justice, transparency, and the green and digital transition at its ...

The Bank of England looks set to keep interest rates on hold next week but also stress that it is far from relaxing its fight against Britain’s high inflation ...

Britain’s Barclays (BARC.L) will embark on another restructuring round in the coming months to mitigate the effects of margin pressure from competition in the savings market and another ...

Oil fell for a fourth day on Wednesday as concerns about slowing European demand offset worries about Middle East supply disruptions stemming from the Israel-Hamas conflict in Gaza. Brent crude ...

Apple (AAPL.O), the world’s largest tech company, said on Tuesday that it will back a US right-to-repair bill, following years of complaints from consumer advocates that its sleek ...

Euro zone business activity took a surprise turn for the worse this month as demand fell in a broad-based downturn across the region, a survey showed, entering the fourth quarter ...

Britain on Tuesday scrapped a decade-old cap on banker bonuses inherited from the European Union, signalling a clear divergence in post-Brexit financial rules from the 27-country bloc it left in 2020. ...

In a resounding endorsement of Cyprus’ burgeoning investment sector, the 36th Annual International Investment Funds Association (IIFA) Conference kicked off in Limassol on Tuesday, welcoming delegates from major Funds and ...

Exxon Mobil (XOM.N) and Chevron (CVX.N) are flush with cash yet their acquisition targets are taking stock as the only form of payment, an arrangement that allows the ...

Central Bank of Ireland governor Gabriel Makhlouf on Tuesday stressed the importance of closely monitoring the ongoing geopolitical crisis in the Middle East due to its potential economic implications. In ...

The Cyprus Securities and Exchange Commission (CySEC) this week issued a warning to board members of Cyprus Investment Firms (CIFs), reminding them of their roles and responsibility to meet all ...

Numerous stakeholders from the investment sector and the local business community this week highlighted Cyprus’ remarkable progress in the field of investment capital during the 9th International Funds Summit and ...

Nvidia (NVDA.O) dominates the market for artificial intelligence computing chips. Now it is coming after Intel’s longtime stronghold of personal computers. Nvidia has quietly begun designing central processing ...

Norway’s $1.4 trillion sovereign wealth fund, the world’s largest, posted a loss of 374 billion Norwegian crowns ($33.80 billion) in the third quarter of 2023 as all asset classes fell in value, ...

World fossil fuel demand is set to peak by 2030 as more electric cars hit the road and China’s economy grows more slowly and shifts towards cleaner energy, the International ...

Cryptocurrencies extended gains in Asia trade on Tuesday, with bitcoin rallying to an almost 18-month high on speculation that an exchange-traded bitcoin fund is imminent. Bitcoin rose more than 6 per ...

A race is on to certify battery health and performance in used electric vehicles, with a clutch of startups scrambling to help buyers figure out how much a secondhand EV ...