#BusinessTop

A former official has accused the Turkish Statistical Institute (Turkstat) of manipulating inflation data, Ahval reported on Wednesday. Turkey’s last inflation report in July was at 18.95 per cent. This ...

Britain’s Gatwick Airport urged the government to make international travel easier after lockdown restrictions drove it to a first-half loss of 245 million pounds ($338 million) and forced it to ask ...

Bilateral trade between Israel and the UAE now stands at €712 million, according to Israeli government data. Trade between the two countries is expected to hit $1 billion by the end of ...

British online fashion retailer Boohoo said on Thursday it would invest 500 million pounds ($693 million) in the United Kingdom over the next five years, creating 5,000 jobs and increasing its ability to ...

The Covid-19 pandemic has accelerated the move to cashless payments, a study shows. “Between 2009 and 2014 the total value of cash-free transactions worldwide increased by almost half, from £269 billion to £389.7 billion,” ...

As Klarna’s billionaire founder Sebastian Siemiatkowski prepares to stage one of the biggest-ever European fintech company listings, a feast of capitalism, he credits an unlikely backer for his runaway ...

2021 will be the first year in the history of container shipping when carrier profits approach $100 billion and average freight rates jump by 50 per cent, according to the latest edition of ...

Bayer lost a third appeal against US court verdicts that awarded damages to customers blaming their cancers on use of its glyphosate-based weedkillers, leaving the German drugs and pesticides group ...

Business in Limassol is better this year by Kyriacos Nicolaou and Andrew Rosenbaum Business in Limassol is “not as gloomy” this year as it was in 2020, according to a survey ...

Oil prices fell by 4 per cent on Monday, extending last week’s steep losses on the back of a rising US dollar and concerns that new coronavirus-related restrictions in Asia, ...

There are early signs that people who have been vaccinated against Covid-19 may be able to transmit the Delta variant of the virus as easily as those who have not, ...

The economic consequences of a sustained pandemic would be catastrophic. Ioannis Tirkides, chief economist at Bank of Cyprus* The emergence of a new variant, the Delta, and people’s hesitancy ...

While the concept of decentralisation has been around for more than a decade, an explosion of interest in decentralised finance has been observed over the past few months. By Alexandros ...

British supermarket group Morrisons has agreed to an improved takeover offer worth 6.7 billion pounds ($9.3 billion) in cash from a consortium led by Softbank-owned (9984.T) Fortress Investment Group, it said on ...

The Bank of England said on Thursday it could see a modest reduction ahead in the huge support it has provided to Britain’s economy during the Covid-19 pandemic and ...

Britain’s competition watchdog is sticking with its view that Pfizer (PFE.N) and Flynn Pharma broke the law by charging the country’s public health service “unfairly high” prices ...

The redevelopment of the Larnaca port and marina is expected to generate billions in revenue, Kition Ocean Holdings CEO Panos Alexandrou said in a press release on Wednesday. Moreover, the ...

Ether fell about 1 per cent on Wednesday ahead of a technical adjustment to its underlying ethereum blockchain that would alter the way transactions are processed. The revamp is currently anticipated ...

“Despite Brexit, despite the pandemic, the export of business services from Cyprus to the UK seem to have continued at a normal rate,” says Marios Klitou, CEO of Baker Tilly ...

BMW raised its 2021 profit forecast on Tuesday after strong quarterly results, but said the global semiconductor chip shortage and rising raw materials prices would hurt its performance in the second ...

The International Monetary Fund (IMF) said on Monday its board of governors approved a $650 billion allocation of IMF Special Drawing Rights and said its largest-ever distribution of monetary reserves would ...

Square Inc, the payments firm of Twitter Inc (TWTR.N) co-founder Jack Dorsey, will purchase buy now, pay later (BNPL) pioneer Afterpay Ltd (APT.AX) for $29 billion, creating a global ...

By Antoniou Markos, economist Acquiring real estate has always been one of the most stable investments the average person could make in their life. This is confirmed by George S. ...

As Cyprus boldly steps into the ‘Fourth Industrial Revolution’, data centres are multiplying in order to meet the growing demand of businesses that recognise the island’s potential as a ...