#business

Sterling’s drop at the time of former Prime Minister Liz Truss’s failed budget plans meant the British taxpayer stumped up tens of millions of pounds extra to fund ...

Cyprus’ retail trade boomed in June 2023, with both volume and value seeing a significant increase when compared to the same month in 2022. The Retail Trade Value Index rose by 8.4 per ...

In an unexpected move, Hellenic Bank on Tuesday announced that chief executive officer Oliver Gatzke will be stepping down from his position a year early. The decision comes after Gatzke ...

Cyprus has recorded a fiscal surplus of €155.5 million, equivalent to 0.5 per cent of GDP, during the first half of 2023, according to the latest preliminary results, released on Monday by the ...

The Central Government of Cyprus saw its total debt rise to €23.83 billion as of June 30, 2023, according to a report by the state’s Public Debt Management Office. The latest figures ...

Euro zone inflation fell further in July and most measures of underlying price growth also eased, in a largely comforting sign for the European Central Bank as it considers ending ...

Economic sanctions have been the biggest headache for Russia’s business elite since the start of the war in Ukraine, but a drone strike in the heart of Moscow’s ...

The Bank of Cyprus Group on Monday released a statement in which it confirmed that it has successfully completed the EU-wide stress test for 2023. The announcement by the bank explained ...

Cyprus witnessed a significant surge in private debt during the first quarter of 2023, reaching a staggering 218 per cent of the country’s Gross Domestic Product (GDP), amounting to €60.1 billion, according ...

Britain’s markets watchdog is ready from Monday to jump on any firm failing to adhere to a new duty to justify charges to customers in one of the regulator’...

European travel stocks stumbled into some profit-taking as earnings season kicked off and extreme weather hit in July, but many investors are betting relatively attractive valuations and solid demand will ...

Manchester United (MANU.N) on Monday renewed the soccer club’s partnership with official kit supplier Adidas (ADSGn.DE) for 10 more years and a minimum cash guarantee of 900 million pounds ($1.16 ...

Oil inventories are beginning to fall in some regions as demand outpaces supply constrained by deep production cuts from OPEC leader Saudi Arabia, providing support for prices which are expected ...

Israel’s economy may face ratings downgrades, falling foreign investment and a weaker tech sector if turmoil arising from the government’s contentious judicial reforms continues, investors and analysts warn. ...

Microsoft (MSFT.O) last week laid out an aggressive spending plan to meet demand for its new artificial intelligence services after surpassing Wall Street estimates for fiscal fourth-quarter revenue and ...

Coca-Cola Co (KO.N) raised its annual revenue and profit forecasts after beating quarterly results on the back of higher pricing, with demand for its sodas remaining resilient at a ...

Porsche (P911_p.DE) has a plan to gradually electrify its car lineup so that electric vehicles make up 80 per cent of sales by 2030, and it aims to make its ...

German sportswear brand Puma’s (PUMG.DE) second-quarter sales grew by 11 per cent, the company reported on Wednesday, slightly ahead of market expectations thanks to stronger revenues from Asia and ...

Japan’s Nissan Motor (7201.T) on Wednesday posted a 98 per cent rise in first-quarter operating profit to 128.6 billion yen ($913.35 million), beating analysts’ estimates. The result compared with an average estimate ...

Cyprus’ Gross Domestic Product (GDP) growth rate and inflation rate are expected to reach 3 per cent, respectively, for 2023, consistent with the predictions made in May, according to a report released ...

EU manufacturers are increasingly embracing digital technologies to improve agility. By Helen Massy-Beresford A plant that makes electric shavers in the northern Dutch town of Drachten is gearing up for ...

In the 1991 film “Terminator 2: Judgment Day,” a malevolent time-traveling and shape-shifting android called T-1000 that was made of liquid metal demonstrated a unique quality. Hit with blasts or bullets, its ...

Germany plans to invest around 20 billion euros ($22.15 billion) in the semiconductor industry in the coming years, the economy ministry said on Tuesday, as it seeks to attract global chipmakers to ...

Deposits in the Cypriot banking system experienced a notable surge in June, reaching a total of €52.3 billion, with liquidity, meaning the difference between deposits and loans, in the system amounting ...