#BusinessTop

Ratings agency Fitch downgraded Turkey’s debt rating to “B” from “B+” on Friday, citing increasing inflation and broad concerns about the economy, from a widening current account deficit to ...

All eyes will be on Apple as it launches first headset next year The virtual reality (VR) market is set to become more competitive in the coming years, with Apple ...

President Nicos Anastasiades on Friday hailed the approval of Cyprus’ social cohesion policy programme Thalia 2021-2017, calling it a landmark moment in the country’s efforts to restructure and evolve ...

President Nicos Anastasiades on Thursday met with EU Commissioner for Cohesion and Reforms Elisa Ferreira, with the latter travelling to Cyprus to announce the approval of the Cohesion Policy’s ...

Whoever coined the phrase “king dollar” certainly had good reason for doing so and currency trading this week only confirms that the epithet holds true. With recession risks running high, ...

Numerous stakeholders from the Cypriot business, research and academic communities examined the implementation and benefits of corporate sustainability at a conference held earlier this week at Hilton Nicosia. The conference, ...

Finance Minister Constantinos Petrides on Wednesday said that the government’s long-term economic strategy Vision 2035 is based on tangible actions and is designed to tackle the challenges that Cyprus will ...

The lifting of Covid-19 measures has swiftly elevated global air travel demand, Airports Council International (ACI) World said in a report published earlier this week. ACI’s quarterly assessment, which ...

The NFT dream isn’t dead, but it’s taken a big non-fungible beating. The market shone gloriously last year as crypto-rich speculators spent billions of dollars on the risky ...

British manufacturing firm Corbetts the Galvanizers used to rely on a stream of workers from Poland and Romania to fill its shop floor, where steel is dipped into a long ...

Cyprus should implement firmer and more transparent means of protecting public health as it moves ahead with its gas exploitation programme, according to a study by the Cyprus University of ...

The Bank of Cyprus on Monday announced that it will implement a voluntary retirement scheme that will seek to reduce its staff by 15 per cent, which amounts to approximately 500-600 ...

Oil prices reversed losses and edged up on Monday as concerns of tight supply amid lower OPEC output, unrest in Libya and sanctions on Russia outweighed fears of a global ...

The influence of virtuality reality, as well as the metaverse as a consumer channel, is only in its nascent stages, but it may already affect the way organisations and sellers ...

When Doug Milnes started buying cryptocurrencies in January of this year, he felt like it could become an entirely new asset class for investors. Right now what it is making ...

Hermes Airports on Friday said that it welcomes the decision by the EU Transport, Telecommunications and Energy Council and the Environment Council to adopt the proposals by Transport Minister Yiannis ...

Sterling fell on Friday against the dollar and Swiss franc as renewed fears of a global recession knocked the risk sensitive British currency. After its biggest six-month decline since 2008 against ...

Investors knew that, after two years of COVID-19 chaos, 2022 would be a bumpy ride, but nobody expected this – the most turbulent first-half global markets have ever seen. To grasp just ...

Consumers continue to adjust their purchasing habits in order to better deal with supply chain disruptions and soaring inflation, according to the latest edition of the PwC Global Consumer Insights ...

G7 leaders have agreed to study possible price caps on Russian oil and gas to try to limit Moscow’s ability to fund its invasion of Ukraine, G7 officials said ...

The CFA Society Cyprus on Tuesday announced the successful completion of its forum on the future of the Cypriot economy. CFA Society Cyprus, which boasts more than 120 members, is the ...

Russia may have defaulted for the first time on foreign bonds since the Bolsheviks refused to pay on a vast debt pile after the 1917 Revolution, but its $1.8 trillion economy is ...

Earlier this month, the World Tourism Organisation (WTO) showcased a number of initiatives in audiovisual tourism at the Conecta Fiction & Entertainment conference which took place in Spain last week ...

It only took 24 hours last month for Prime Minister Narendra Modi’s government in India – the world’s second-largest producer of wheat – to shelve its plans to “feed the world”. ...