#business

The Cyprus Chamber of Commerce and Industry on Tuesday announced that Winecore, a group of 15 Cypriot wineries, held its first wine dinner on April 26 at the Dionysus Mansion restaurant in ...

Euro zone banks are turning off the credit taps and a key gauge of inflation is finally falling, data showed on Tuesday, boosting the case for a smaller interest-rate increase ...

HSBC Holdings (HSBA.L) reported on Tuesday its quarterly profit tripled, beating expectations, as rising interest rates worldwide boosted the lender’s income and helped it pay a first quarterly ...

Thousands of film and television writers headed to picket lines on Tuesday for their first work stoppage in 15 years, sending Hollywood into turmoil and disrupting TV production as the industry ...

Can inherently volatile cryptocurrencies become safe-havens? Apparently they can in some parts of the world, such as Argentina and Turkey, where soaring prices and tumbling local currencies have forced people ...

The balance of deposits in Cyprus reached €51.9 billion in March 2023, while the balance of total loans amounted to €25.1 billion, according to a report published on Tuesday by the Central Bank ...

Hermes Airports, the consortium that manages and controls the island’s two International Airports, on Tuesday released a statement welcoming Jazeera Airways to Cyprus. Jazeera Airways, a low-cost carrier based ...

Cyprus has been identified as a “potential rising star” for the rise of its credit rating in the investment category, according to a report released on Monday by global rating ...

Qatar Airways could expand its number of destinations to more than 255 from 170 currently under plans for rapid growth, but its ability to do so depends on the delivery of additional ...

Morgan Stanley (MS.N) is planning to eliminate about 3,000 jobs in the second quarter, a source told Reuters on Monday, in its second round of job cuts in six months. ...

Inflation in the euro area is too high for comfort, meaning markets expect the European Central Bank to deliver its seventh straight interest rate hike on Thursday. With some stability ...

Currencies were in limbo on Monday as holidays in most of Asia made for thin trading, while traders braced for a packed week of central bank meetings that would offer ...

Hollywood writers and the film and television studios are racing to agree to a new contract to replace the one that expires at 11:59 p.m. Pacific time Monday. If they ...

JPMorgan Chase & Co (JPM.N) will buy most of First Republic Bank’s (FRC.N) assets in a last-ditch rescue led by US regulators, marking the third major US ...

Marilyn Nabor, an experienced high school mathematics teacher in the Philippines, moved to Italy 14 years ago with high hopes of honing her craft in the country of Galileo and Fibonacci. ...

By Maria Demertzis “Every night I ask myself why all countries have to base their trade on the dollar,” Brazil’s President Lula da Silva said in a 13 April speech ...

By George M. Georgiou In 2021 the World Bank became embroiled in a scandal involving its flagship publication Doing Business. An independent investigation by the law firm WilmerHale, published in September 2021, ...

Sony Group Corp (6758.T) said on Friday it expects this business year’s operating profit to slip from a record high as lower income from financial services offsets gains in ...

Here are the top business stories in Cyprus from the week starting April 24: Cyprus’ shipping industry will continue to improve, according to the country’s Deputy Minister of Shipping, as ...

As the summer of 2022 came to a close, Meta CEO Mark Zuckerberg gathered his top lieutenants for a five-hour dissection of the company’s computing capacity, focused on its ability ...

By Tom Cassauwers The passenger planes of today are based on designs that have been fundamentally the same for decades. This means that flight times have also changed very little. ...

Nvidia Corp (NVDA.O), a major supplier of chips and computing systems for artificial intelligence, on Tuesday released a set of software tools aimed at helping chatbots watch their language. ...

Calls for government intervention to support affected buyers and the real estate sector With property prices and rents continuing to spiral during the first quarter of the year, calls have ...

Exante, a global investment company with a presence in Cyprus, this week held an event in Limassol which sought to provide insights on current economic trends and what might be ...