Airlines use hedging, fuel surcharges to offset some pain as oil surges
The price of oil has surged to its highest level since 2008 after Russia’s invasion of Ukraine, adding to airline costs at a time when carriers have been struggling to ...
Cyprus Business Now
The Cyprus Deputy Ministry of Shipping announced on Friday the expiration of the deadline for the submission of tenders to establish a passenger maritime link between Cyprus and Greece, as ...
Taxi drivers protest customs checks in Nicosia
Taxi drivers held a strike on Tuesday to protest the customs department’s decision to check whether they filled their tanks with fuel from the north, disrupting rush hour traffic ...
Queues form at petrol stations in north as two companies announce stop on sales
Queues have formed at gas stations in the north after two companies, K-Pet and AlPet announced they would stop selling fuel as of Wednesday, reports said.
The two companies announced ...
British industry warns of factory closures without help on fuel costs
Britain’s most energy intensive manufacturers, including producers of steel, glass, ceramics and paper, have warned the government that unless something is done about soaring wholesale gas prices they could ...
EAC unions ask whether authority could absorb some of rising costs
State-owned electricity authority (EAC) unions said Friday they supported looking into whether the company could absorb the rising cost of production so that consumers won’t have to foot the ...