#business

Sales at Birkin bag maker Hermes (HRMS.PA) rose 23 per cent in the first quarter, above market expectations, as wealthy shoppers in China and Europe splurged on luxury fashion and ...

Tesla Inc (TSLA.O) on Friday slashed prices for its electric vehicles in Europe, Israel and Singapore, expanding a global discount drive it began in China in January while raising ...

Employers are expected to sound the alarm over labour unrest and uncertainty currently plaguing the economy when they meet on April 25 and will be looking to President Nikos Christodoulides for ...

Here’s a summary of the top business news stories from the week starting April 10: Cyprus’ trade deficit soared by €1 billion in the first two months of 2023, reaching €1.87 billion compared ...

Boeing Co’s (BA.N) shares fell 6 per cent in premarket trading on Friday after the US planemaker halted deliveries of some 737 MAXs due to a new supplier quality problem ...

Cyprus Research and Innovation Center (CyRIC) is leading a multidisciplinary team in the development of the collaborative European project, BROMEDIR, under the EU’s Horizon Europe Programme. The project, launched ...

Japan on Friday approved a plan to build the country’s first casino in the western city of Osaka, paving the way for a 1.8 trillion yen ($13.5 billion) resort set to ...

Limassol mayor Nicos Nicolaides this week spoke on the city’s efforts to prepare for a busy tourist summer season, particularly in terms of visitors arriving on cruise ships. According ...

The Cyprus Securities and Exchange Commission CySEC this week announced its decision to impose a fine of €1 million on the Cyprus Investment Firm Itrade Global (Cy) Ltd. According to an ...

The Central Bank of Cyprus (CBC) reported this week that its January 2023 Bank Loan Survey had recorded stricter lending criteria for all categories of loans, resulting in reduced supply and ...

Paphos plans to strengthen its tourism industry through development and innovation, according to Kyriakos Drousiotis, chairman of the district’s regional board of tourism (Etap). Drousiotis emphasised the agency’s ...

Trading and investing platform eToro said on Thursday it has partnered with Elon Musk-led Twitter to let users access real-time prices of cryptocurrencies, stocks and other assets, and to enable ...

The 5th edition of the CASSINI Hackathon, which was organised by the non-governmental organisation C.I.P Citizens In Power in Cyprus, was held under the auspices of the Cyprus ...

Cryptocurrency ether leapt more than 5 per cent in early Asia trade on Friday as traders breathed a sigh of relief that a software upgrade this week ran relatively smoothly. The ...

The European Central Bank should speed up the reduction of its balance sheet and could stop reinvesting cash from debt maturing in its largest bond buying scheme to complement further ...

Bankrupt crypto exchange FTX has recovered over $7.3 billion in cash and liquid crypto assets, an increase of more than $800 million since January, the company’s attorney said on Wednesday at ...

Following the Bank of Japan’s launch this month of a pilot programme to test the use of a digital yen, the Ministry of Finance plans to convene a meeting ...

Larnaca is quickly becoming a popular tourist destination, according to Costas Koumis, the Deputy Minister of Tourism, who pledged to continue supporting the district’s efforts in making this happen. ...

Cyprus’ trade deficit increased by approximately €1 billion during the first two months of the year, compared to the same period last year, according to a report released this week by ...

The Cyprus Chamber of Commerce and Industry (Keve) this week announced the establishment of the Cyprus-Cambodia Business Association, which aims to promote and strengthen economic and business relations between the ...

Labour union Democratic Labour Federation of Cyprus (Deok) this week issued a statement expressing strong dissatisfaction with the “manifestly inadequate sentence” of suspended imprisonment imposed by the Larnaca permanent criminal ...

DP Eurasia (DPEU.L), which runs the Domino’s Pizza brand in Turkey and Russia, said on Wednesday it was weighing options for its Russian business after reporting a rise ...

Turkey’s central bank has been urging banks in recent weeks to avoid steps that could create demand for foreign currency as May elections loom, and to instead focus on ...

Ukraine’s gross domestic product (GDP) fell by 29.1 per cent in 2022 as Russia’s full-scale invasion battered the economy, the state statistics service said late on Wednesday. The final 2022 GDP ...