#business

Cyprus experienced a substantial improvement in its current account deficit during the second quarter of the year, which narrowed to €346.1 million from €1.04 billion in the same period last year, according ...

Exxon Mobil (XOM.N) is expected to say on Wednesday it will buy US rival Pioneer Natural Resources (PXD.N) for about $60 billion, a deal that puts it atop the ...

British employers cut their job vacancies for the first time in more than two-and-a-half years in September and reduced their hiring again, a recruiters’ industry body said on Wednesday, adding ...

The International Monetary Fund (IMF) has painted a positive picture of Cyprus’ fiscal outlook, predicting significant primary surpluses and a substantial reduction in public debt, expected to dip below the ...

Cyprus has experienced a 3.85 per cent reduction in ship management revenues for the first half of 2023, according to a survey on ship management conducted by the Central Bank of Cyprus (...

Oil edged higher on Wednesday as investors grappled with the prospect of supply disruptions due to the Middle East turmoil. Brent crude rose 25 cents, or 0.3 per cent, to $87.90 a barrel ...

The spiralling conflict with the Palestinians is set to derail a fragile recovery in Israel’s all-important tech sector, say investors and analysts, after a global slowdown and the government’...

Britain is set to have the slowest-growing economy among the Group of Seven nations next year – when the country is likely to choose a new government – according to forecasts published ...

Alpha Bank Cyprus on Wednesday announced that it has undergone a reorganisation of its management structure, combined with an expansion of its executive committee, according to a company statement. The ...

Ariana Resources, an AIM-listed mineral exploration and development company with gold mining interests in Europe, as well as copper-gold exploration and development projects in Cyprus and Kosovo, has released its ...

The Cyprus Statistical Service (Cystat) this week reported a remarkable 35 per cent increase in total vehicle registrations in September 2023, compared to the same month in 2022, with the number reaching 4,607 vehicles, ...

Samsung Electronics’ (005930.KS) third-quarter profit is expected to drop 80 per cent from a year earlier as the effects of an ongoing global chip glut drive losses in what is normally ...

UK pension funds are rushing to sell unlisted assets – often at a discount – because they are overexposed to the opaque $12 trillion global private market as regulators question the true value ...

The International Monetary Fund (IMF) on Tuesday lowered its growth projections for Cyprus for the year 2023, citing various economic factors for this decision. According to the fund’s World Economic ...

President of the Cyprus Union of Shipowners Andreas Hadjiyiannis this week discussed the critical juncture facing European shipping, noting that the sector is currently fighting against a number of challenges. ...

The Cyprus Securities and Exchange Commission (CySEC) on Tuesday issued a warning that certain people are impersonating CySEC representatives on social media platforms in order to defraud them. This alert ...

The global coal industry may have to shed nearly 1 million jobs by 2050, even without any further pledges to phase out fossil fuels, with China and India facing the biggest losses, ...

Consumers in Britain held off on much of their non-essential spending last month as rising prices for motor fuel compounded the broader hit from the high cost of living, according ...

Oil prices eased on Tuesday after rallying more than 4 per cent in the previous session, with traders cautious as they watched for potential supply disruptions amid military clashes between Israel ...

The Russian rouble dived towards 101 against the dollar on Tuesday, heading back towards a more than 18-month low reached in the previous session, under pressure from domestic demand for foreign ...

Global companies have temporarily shut some operations in Israel and have asked employees to work from home following a devastating weekend attack by Palestinian Islamist group Hamas. Following are the ...

In a move aimed at bolstering its regulatory framework in the cryptocurrency sector, Cyprus is planning to introduce stringent penalties for cryptocurrency service providers (CSPs) who fail to register with ...

The Cyprus property market is witnessing a downturn in the issuance of construction permits, with a simultaneous increase in the total value of authorised units. This trend is evident in ...

Parklane, a Luxury Collection Resort & Spa, on Monday announced its recent accolades in the prestigious Conde Nast Traveler Readers’ Choice Awards. Recognised for its unwavering commitment to delivering unparalleled ...