#business

The world’s biggest bond markets are in the throes of another rout as a new era of higher for longer interest rates takes hold. In the US Treasury market, ...

Resurgent oil prices hurting a deteriorating economy and renewed concerns about Italy’s fiscal position mean headwinds for the euro are getting stronger, raising the risk of a move back ...

Turkish annual consumer price inflation climbed to 61.53 per cent in September, official data showed on Tuesday, just below expectations and rising for a third consecutive month in response to recent ...

Cyprus witnessed a notable increase in house prices during the second quarter of 2023, with the House Price Index (HPI) rising by 3.2 per cent during this time, compared to the same ...

Cyprus has witnessed a decrease of €83 million in non-performing loans (NPLs) in the local banking system at the end of June, dropping from €2.19 billion to €2.11 billion, compared to the previous ...

The retail industry in Cyprus experienced significant growth in August 2023, with the Retail Trade Turnover Index showing a remarkable increase of 10.1 per cent, compared to the same month in the ...

The European Central Bank has done enough for now to combat inflation but a further increase in interest rates later on cannot be ruled out, Bank of Finland board member ...

British online fashion retailer Boohoo (BOOH.L) slid to a loss after revenue fell 17 per cent in its first-half and said a slower than expected recovery in sales volumes could ...

British baker and fast food chain Greggs (GRG.L) kept its full-year outlook as underlying sales rose in the third quarter and it won market share, showing the resilience of ...

The development of cottage industries in Cyprus is virtually non-existent, MPs said on Tuesday, proposing ways to promote the marketing of traditional Cypriot products. Lawmakers heard, for example, that to ...

Hedge funds using computers to trade equities are expecting to start selling to the tune of $20 billion to $30 billion in the next two weeks given retreating stock markets, a UBS (...

Cyprus tourism has experienced a remarkable surge in revenue, with an impressive 26.9 per cent increase during the period of January to July 2023, compared to the same period in 2022. These findings ...

The number of instances of greenwashing by banks and financial services companies around the world rose 70 per cent in the past 12 months from the previous 12 months, a report on Tuesday ...

Boeing (BA.N) plans to push production of its bestselling 737 narrowbody jet to a record of at least 57 per month by July 2025, reflecting rising orders and the company’s recovery ...

The Russian rouble weakened past the symbolic threshold of 100 to the dollar before recovering slightly in early trade on Tuesday, weighed down by foreign currency outflows and the country’s ...

Birkenstock, the German premium footwear brand backed by private-equity firm L Catterton, said on Monday it is seeking a valuation of up to $9.2 billion in its highly anticipated US initial ...

The US bond market is calling a moment: the age of low interest rates and inflation that began with the 2008 financial crisis has ended. What follows is unclear. The market’...

The Cyprus Real Estate Registration Council announced that with continuous member education as one of its top priorities, and aiming to provide the best possible training, it successfully organised another ...

Euro zone manufacturing activity remained mired in a deep and broad-based downturn last month, according to a survey which showed on Monday that demand kept shrinking at a pace rarely ...

A top Emirati oil executive said on Monday that more than 20 oil and gas companies were rallying around his calls to curb carbon emissions ahead of a United Nations summit ...

The European Central Bank is looking at how artificial intelligence could help improve its understanding of inflation after underestimating price pressures for years and delaying the start of the most ...

The Cyprus Securities and Exchange Commission (CySEC) on Monday released a statement announcing its active participation in World Investor Week 2023 (WIW2023), a global initiative that unites regulators from more than 100 ...

Europe’s solar power industry has warned policymakers not to impose tariffs on imports, amid fears that disrupting supplies of products from China would seriously damage Europe’s ability to ...

Soula, a Cyprus-based innovative company behind the world’s first safe and empathic AI in maternity, recently announced that it managed to emerge victorious at the prestigious ReflectX Startup Competition, ...