#business

Paphos’ economy performed well during 2022, both in terms of its tourism sector and real estate and market, according to Paphos Chamber of Commerce and Industry (Evep) secretary and director Marinos ...

Inflation in the euro area remains far too high so the risk of the European Central Bank not raising interest rates high enough is still a bigger than that of ...

Wild swings in global currencies hammered corporate earnings in the past year, and while forex markets have gotten less choppy, some companies are seeking ways to guard profits and lower ...

Nissan (7201.T) and Renault (RENA.PA) on Monday unveiled details of their redesigned alliance, with the Japanese car maker committing to buy a stake of up to 15 per cent in ...

Proposals to reimburse hundreds of millions of pounds to scam victims in Britain are “fundamentally flawed” and are taking too long to come into force, lawmakers said in a report ...

Oracle Corp (ORCL.N) plans to invest $1.5 billion in Saudi Arabia in the coming years as it builds up its cloud footprint in the kingdom and opens its third public ...

Japanese industrial company Daikin (6367.T) has signed a deal with the northern English city of Manchester to deploy heat pumps in some of its public buildings and act as a ...

Indian refiners have begun paying for most of their Russian oil purchased via Dubai-based traders in United Arab Emirates dirhams instead of US dollars, four sources with knowledge of the ...

Samsung Electronics Co (005930.KS) has agreed to pay $150 million to British nanotechnology company Nanoco Technologies to settle patent lawsuits over technology used in Samsung’s LED televisions, Nanoco and an ...

Nestle (NESN.S) will have to raise prices of its food products further this year to offset higher production costs that it has yet to fully pass on to consumers, ...

Lufthansa (LHAG.DE) and Air France-KLM (AIRF.PA) are circling collapsed UK regional airline Flybe to try to obtain its take-off and landing slots at London’s Heathrow Airport, Britain’...

Aieden Technologies recently released the Aieden Trendline Breakout and the Aieden Pivot Trendline Breakout Strategies, for the cTrader platform made available for download on their partner store ClickAlgo. These use ...

The global smartphone market continued to falter during the final quarter last year, with sales dropping by 18 per cent, for a total of 296.9 million units, according to a report released ...

Cyprus’ tourism revenues for the period between January and November 2022 are estimated to have amounted to €2.3 billion, coming close to pre-pandemic levels, according to a report released this week by ...

By Maria Demertzis Very little comes out of US policy these days that does not aim to either decouple from China or somehow reduce China’s global reach. The US ...

ChatGPT, the popular chatbot from OpenAI, is estimated to have reached 100 million monthly active users in January, just two months after launch, making it the fastest-growing consumer application in history, ...

German company AVIAREPS announced on Friday that it has been appointed to be the General Sales Agent (GSA) for Cypriot airline TUS Airways, representing the company in its key European ...

Transparency International has just released its 2022 annual ‘Corruption Perceptions Index (CPI)’ report. It makes grim reading for Cyprus, dropping down the rankings yet again. This is an independently produced report, ...

Cyprus’ Industrial Turnover Index recorded an increase of 21.3 per cent year-on-year in November 2022, according to a report released on Friday by the Cyprus Statistical Service (Cystat). According to the report, ...

Cryptocurrency exchange Kraken has shut its Abu Dhabi office less than a year after securing a license in the region, a spokesperson said on Thursday, as the company seeks to ...

The Chief Scientist for Research and Innovation of Cyprus Nikolas Mastroyiannopoulos announced yesterday the launch of an improved digital gateway for Cypriot certified innovative enterprises. Ignite Cyprus is a platform ...

Cyprus’ annual rate of inflation reached 7.1 per cent in January 2023, continuing its downward trend for the third consecutive month. According to a report published on Friday by the Cyprus Statistical ...

The Russian Finance Ministry said on Friday it would sell 8.9 billion roubles ($126.6 million) worth of foreign currency a day between Feb. 7 and March 6, an almost three-fold increase in the volume ...

Oil prices eased on Friday, with major benchmarks headed for their second straight week of losses, as the market awaited further signs of fuel demand recovery in China to offset ...