Blaming climate change, Turkish farmers count the cost of drought
Rain fell on Bicar Icli’s fields in southeastern Turkey for the first time in eight months last week, but he and other farmers are already counting the cost of ...
US, EU agree to resolve Trump-era steel, aluminum tariffs, sources say
The United States and European Union are expected this weekend to announce a deal to resolve a dispute over US steel and aluminum tariffs imposed in 2018 by former President Donald ...
Cyprus economy growth prospects better than previously thought
The Cypriot economy is expected to grow more than previously expected according to a report by the University of Cyprus Economic Research Centre.
According to the report, Cyprus’ real GDP ...
Facebook rebrand mostly applies gauze to cover a tarnished name
The metaverse is here, in name if not in fact. Facebook (FB.O), the company, will henceforth be known as Meta, a new name that reflects co-founder and Chief Executive ...
IATA highlights importance of air connectivity, says travel pass on the way
The International Civil Aviation Organization’s (ICAO) high-level conference on Covid-19 took place earlier this month, with the conference exploring the issues around the aviation industry’s recovery, as well ...
Tax rises and inflation to squeeze UK living standards
Higher inflation and rising taxation to fund growing demand for healthcare and other public services will cause living standards in Britain to barely rise over the coming year, the Institute ...
Financial firm opens new Limassol office, calls Cyprus ‘obvious choice’
Quant Insight (Qi), a new quantitative financial market analytics and trading insights provider, announced on Wednesday that it has opened its new headquarters in Limassol.
The company also has offices ...
Vegetables pricier than pork worry Chinese consumers as costs swell
Vegetable prices are surging in China after heavy rain swamped crops this month, fuelling concern over food prices at a time when consumers must brace for a hike in energy ...
Unions accused of unrealistic demands amidst labour shortage
Cyprus Chamber of Commerce and Industry president Christodoulos Angastiniotis has accused labour unions of making demands that are both unrealistic and unfeasible for businesses.
“Unions must realise the severity of ...
Eurozone banks raised bar for mortgages in third quarter, ECB says
Eurozone banks tightened access to mortgages in the three months to September and expect to continue doing so in the final quarter of the year, a European Central Bank survey ...
Cyprus among top spots with one in five Brits planning overseas holiday
Approximately one in five (21 per cent) people in Britain have a foreign holiday booked at the moment, easyJet’s ‘Taking The Temperature’ report has revealed.
Moreover, roughly a quarter of ...
Facebook ad revenue hurt by Apple privacy changes
Ahead of Facebook Inc’s (FB.O) financial results on Monday, the social media giant is expected to be hurt more than others in big tech by Apple Inc’s (...
Turkey’s state banks likely to follow central bank and slash rates
Turkey’s state banks are expected to cut borrowing costs on loans by around 200 basis points on Monday, according to three people with knowledge of the plan, following last week’...
UK plans 8 billion pounds of extra health and education spending
British finance minister Rishi Sunak plans a 5 billion pound ($6.9 billion) programme to fund health research and 3 billion pounds of extra funding for further education in next week’s budget, finance ...
Green transition deal will be painful for some warns minister
Finance Minister Constantinos Petrides said on Friday that the green transition will not be a painless process, highlighting the financial burdens it will likely incur on some sections of the ...
Green financing, digital technology driving forces for economic growth says CBC governor
The path to sustainable and resilient economic growth requires coordinated, bold and transformative actions, Central Bank Governor Constantinos Herodotou said on Friday adding that to achieve such transition, significant reforms ...
Dutch forensic lab says it has decoded Tesla’s driving data
The Dutch government’s forensic lab said on Thursday it had decrypted electric carmaker Tesla Inc’s (TSLA.O) closely guarded driving data-storage system, uncovering a wealth of information that ...
UK borrowing down by half as Sunak readies budget
British public borrowing fell by almost half in the first six months of the current financial year from a post-World War Two high a year earlier, when the economy faced ...
‘Cypriot students still want to come to the UK’
Although conditions are not as favourable at the moment, Cypriot university students are still attracted to the prospect of studying in the United Kingdom.
“With the effects of Brexit and ...
Lawmakers probe timeline of NatWest money laundering investigation
British lawmakers have asked the Financial Conduct Authority why it took five years to prosecute NatWest (NWG.L) for failing to prevent the laundering of nearly 400 million pounds ($551.28 million), after ...
Why Windows 11’s muted launch is unsurprising
Panos Panay, the Cypriot American Chief Product Officer at Microsoft, does not mince words when it comes to the Windows operating system.
“Windows is a driving force for innovation, an ...
J.P.Morgan: chip crisis to hurt Apple iPhone sales
J.P.Morgan on Tuesday became the second brokerage in two weeks to cut its forecast for Apple’s iPhone sales for the crucial holiday quarter as the global chip ...
Cyprus Chamber of Commerce: ‘significant reforms necessary to attract foreign companies’
The Cyprus Chamber of Commerce and Industry (CCCI), in collaboration with a number of economists, has prepared a study on the Cypriot economy and what policies can be implemented in ...
For Britain’s chicken farmers, Brexit and COVID brew a perfect storm
When Nigel Upson checks the plucked chicken carcasses dangling from a rotating line at his poultry plant in England, he sees cash haemorrhaging out of his business from a collision ...