#business

OPEC’s share of India’s oil imports fell at the fastest pace in 2022/23 to the lowest in at least 22 years, as intake of cheaper Russian oil surged, data obtained ...

The Cyprus Economy and Competitiveness Council on Monday released a statement saying that the creation and implementation of a holistic plan that takes the entire country into account should be ...

Oil prices fell more than 1 per cent on Monday as concerns about rising interest rates, the global economy and the outlook for fuel demand outweighed support from the prospect of ...

Credit Suisse (CSGN.S) said on Monday it had 61 billion Swiss francs ($68 billion) in net asset outflows in the first quarter, adding that outflows were continuing even in the wake ...

After months of hosting displaced survivors of Turkey’s massive earthquake in his Antalya hotels, Hakan Saatcioglu hopes his rooms will soon be filled with tourists again after the temporary ...

A request for seaplanes needed to fight forest fires is red-flagged because it could harm the environment. Companies seeking aid after being hammered by COVID are asked to show proof ...

By Pierre Jaillet Inflation has been elevated in 2021-22 in Europe and elsewhere, driven by higher energy and food prices, from exogenous influences, but also driven by mark ups on ...

Procter & Gamble Co’s (PG.N) customers, particularly in the United States, continued to show little resistance to repeated price hikes helping the Tide detergent maker boost its sales ...

Major British corporate names NatWest, John Lewis and Virgin Media O2 quit the Confederation of British Industry on Friday as a fresh media report about rape allegations deepened a crisis ...

Nestle and private equity firm PAI Partners have agreed to set up a joint venture for Nestle’s frozen pizza business in Europe, the Swiss company said on Friday, adding ...

Here’s a summary of the top business news stories from the week starting April 17: Cyprus has scored below the EU average in the 2022 Competitiveness Index: According to the annual ...

As disaster readiness climbs up the EU agenda, a chief scientific advisor offers views on how Europe can harness its strengths. Of all the areas of EU activity, crisis management ...

German wind power developer SL Naturenergie has been looking for a senior project developer for two years now without success. The company, in the west German town of Gladbeck, needs ...

Generative AI, such as OpenAI’s ChatGPT, needs to be regulated, but governing bodies must figure out how to do so properly before rushing into prohibitions that “really aren’t ...

The Cyprus Statistical Service (Cystat) announced on Friday that the price index of construction materials rose by 8.15 per cent in March, reaching 135.89 units. This is compared to the same period ...

Consulting and advisory firm Deloitte Cyprus recently published its findings on the social and economic impact of atherosclerosis in Cyprus, with the overall cost to the state estimated in the ...

Dubai Police this week announced a new diploma programme on financial investigations for digital assets, which was developed in partnership with the University of Nicosia’s Institute for the Future (...

Cyprus recorded a fiscal surplus of €570.2 million, a share of 2.1 per cent of GDP, for the year 2022, according to a report released on Friday by the Cyprus Statistical Service (Cystat). ...

The Cyprus Marine and Maritime Institute this week announced that it will be hosting a press conference on the “European Maritime Day (EMD) in Cyprus” with parallel events taking place ...

The South Korean government and its top battery companies plan to jointly invest 20 trillion won ($15.1 billion) through 2030 to develop advanced battery technologies, including solid-state batteries, the industry ministry said on ...

British retail sales fell by a greater-than-expected 0.9 per cent in March from February, official figures showed on Friday, with bad weather and high inflation combining to keep consumers away from ...

IKEA stores owner Ingka Group will spend 2 billion euros ($2.2 billion) expanding in the United States over the next three years, its biggest investment in a single country, in a bet ...

Oil prices eased for the third straight day on Friday and looked set for a hefty weekly loss as softening US economic data and a rise in US gasoline inventories ...

Cyprus’ Composite Leading Economic Index (CPI) saw an annual increase of 1.4 per cent in March 2023, according to the Economics Research Centre (CypERC) of the University of Cyprus. This positive growth ...