#business

Hourly labour costs, which take into account the total cost incurred per hour, increased by 5.5 per cent in the third quarter of 2022, compared to the corresponding quarter of the previous ...

The Cypriot government generated a surplus of €651.4 million for the period between July and September 2022, compared to a surplus of €319.5 million in the corresponding period last year, according to a ...

British house prices look on track to drop by about 5 per cent next year, as home-buyers face higher interest rates, a squeeze on disposable income and a potential rise in ...

The pound eked out a small gain on Tuesday in thin trading ahead of the Christmas holidays, but was on track for its strongest quarterly gain against the dollar since 2009. ...

“Call of Duty” maker Activision Blizzard Inc’s (ATVI.O) chief operating officer Daniel Alegre will join “Bored Ape” NFT maker Yuga Labs as its chief executive, the metaverse startup ...

The Central Bank of Cyprus (CBC) on Tuesday announced the launch of a new Innovation Hub in the field of financial technology (fintech), in an effort to encourage and support ...

The world’s biggest crypto exchange, Binance, is battling to shore up confidence after a surge in customer withdrawals and a steep drop in the value of its digital token. ...

BlackRock (BLK.N) plans no major changes to the way it engages with companies and votes on environmental and social issues in the year ahead, despite a backlash against its ...

The outgoing government will hand over an economy built on solid foundations, as well as a state apparatus ready to respond to any unforeseen crises, President Nicos Anastasiades said on ...

South Korean battery maker LG Energy Solution (373220.KS) said on Monday it plans to invest 4 trillion won ($3.1 billion) from this year to 2026 in a facility making batteries for electric vehicles ...

With rising interest rates and limited supply putting home ownership out of reach for a growing number of people in emerging Europe, global and local real estate investors are placing ...

The Paphos Chamber of Commerce and Industry (Evep) on Monday vowed to provide training resources for SMEs and entrepreneurs, including both existing and future ones, as well as examples, best ...

Rating agency DBRS Morningstar this week said that Cyprus was one of only five countries whose credit rating it upgraded during 2022, a year marked by a plethora of challenges, all ...

Insurers are denying or limiting coverage to clients with exposure to bankrupt crypto exchange FTX, leaving digital currency traders and exchanges uninsured for any losses from hacks, theft or lawsuits, ...

The European Commission on Monday said it has warned Facebook parent company Meta (META.O) that it is breaching EU antitrust laws by distorting competition in markets for online classified ...

Nicola Osypka’s German company has been selling medical devices used in surgery on newborn babies in Europe for decades, but new European Union rules have forced her to make ...

Kassatly Group Holding, a major player in the regional beverage sector, said that it will move to the island by the end of next year Lebanese drinks giant Kassatly Group ...

A revamp of Spain’s labour rules has led to a 142 per cent rise in young workers with permanent contracts in a country where rates of youth unemployment and under-employment ...

In Britain, the damage wrought by rampant inflation can be seen in the fate of the humble egg. With war in Ukraine driving energy and chicken feed costs higher, farmers ...

Cyprus Airways on Monday announced that it registered a 406 per cent increase in flights in November of this year, compared to the same month of 2021. The company said that it ...

German business morale rose more than expected in December as Europe’s largest economy approached the end of the year with an improved outlook despite the energy crisis and high ...

British retail sales slid unexpectedly in November, despite the men’s soccer World Cup and the Black Friday sales promotions, showing the stress felt by many households as the cost-of-living ...

Aluminium makers are set to boost low-carbon metal output by 10 per cent in 2023 and churn out even more in the years ahead, driving down the cost for carmakers seeking climate-friendly ...

Intel Corp (INTC.O) has backed away from its original target of opening a chip factory in the eastern German city of Magdeburg in the first half of 2023, regional newspaper ...