Despite the loss of the Israeli market, the second-largest market for Cypriot tourism, the expected turnout of tourists remains high…
FACTBOX-Global economy to slow down but likely avoid recession in 2024
Some of the big U.S. banks expect global economic growth to slow further in 2024, squeezed by elevated interest rates,…
Russian rouble firms to strongest since early August vs dollar
The Russian rouble strengthened to a 3-1/2 month high against the dollar in early trade on Tuesday, buoyed by exporters’…
Inflation affects cost of dining, entertainment and hotels
Rising costs from raw materials to energy are not only affecting product prices on supermarket shelves but also impacting the…
Long-term UK expats may face huge UK tax charges
By Howard Bilton* “The latest numbers from HMRC show people are passing on more and more to the taxman rather…
Sterling edges up as UK’s Sunak brings back Cameron in cabinet reset
Sterling edged higher on Monday after British Prime Minister Rishi Sunak reshuffled his cabinet, appointing former PM David Cameron as…
In the Market: Inside Wall Street’s scramble after ICBC hack
The cyber hack of Industrial and Commercial Bank of China’s U.S. broker-dealer was so extensive on Wednesday, even the corporate…
Majority of consumers in Cyprus now prefer paying with credit cards
Central Bank data shows that 65.9% of transactions in Cyprus in the second half of 2022 were conducted using credit…
At SpaceX, worker injuries soar in Elon Musk’s rush to Mars
One windy night at Elon Musk’s SpaceX facility in McGregor, Texas, Lonnie LeBlanc and his co-workers realized they had a…
Basic pensions set to rise by 4% in 2024
Basic pensions are set to rise by almost 4% from 2024, Minister of Labour Yiannis Panayiotou said. In a speech…