Economy

Oil prices above $110 and will take years to fall

Economy
Global energy markets are more than a year away from returning to normal and remain highly vulnerable to “overlapping crises” in the Middle East,...

Ryanair CEO warns of biggest-ever ticket price hike

Economy
European airfares could rise by up to 20% in 2027, Ryanair chief executive Michael O’Leary has warned, as the war in the Middle East...

Reduced heating oil tax to take effect from Friday in Cyprus

Cyprus
Cyprus is preparing to reduce the consumption tax on heating oil by 6.39 cents per litre, including VAT, with the measure expected to take...

Zero-VAT scheme faces scrutiny as inflation reaches 5.2%

Cyprus
The impact of zero-VAT prices on household budgets is under scrutiny, as the Consumers Association reports increases in some basic goods despite the tax...

Musk pledges SpaceX shares for children across America

Economy
Elon Musk has said he will give every child in America a stake in SpaceX, his $2 trillion aerospace and artificial intelligence company, as...
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