Oil rises as market weighs OPEC+ supply rebalance
Oil rebounded on Tuesday after falling to more than 11-month lows in the previous session,...
Latest News
CBC oversaw return of deposits in Lebanese bank branches
The return of deposits to those affected by the closure...
Banker with cancer claims $5 million from NatWest over dismissal
A senior banker is suing NatWest (NWG.L) for around 4.3 million pounds ($5.2 million) after a London judge ruled that...
Deutsche Bank warns of peril in borrowing from US banks
Germany’s Deutsche Bank (DBKGn.DE) has a stark warning to European companies borrowing from US lenders: They will drop you when...
Cyprus banks tighten lending criteria as risk increases
Lending criteria became tighter during the third quarter of 2022 in Cyprus, both for businesses and households, according to a...
Lebanon central bank says completed audit of gold on IMF request
Lebanon’s central bank has completed an audit of its gold reserves at the request of the International Monetary Fund that...
Snap employees to be in offices 80 per cent of time from end-Feb
Snap Inc (SNAP.N) will require employees to work from its...
Microsoft likely to offer EU concessions soon in Activision deal
Microsoft (MSFT.O) is likely to offer remedies to EU antitrust regulators in the coming weeks to stave off formal objections...
Rolls-Royce successfully tests hydrogen-powered jet engine
Britain’s Rolls-Royce (RR.L) said it has successfully run an aircraft engine on hydrogen, a world aviation first that marks a...
Musk says Apple mostly stopped advertising on Twitter
Elon Musk said on Monday that Apple Inc AAPL.O has mostly stopped advertising on Twitter, the most high-profile company to pull ads...
From mussels to meadows, the sea offers big lessons for all life
By Ali Jones Ordinary people are at the heart of new projects to turn the tide on marine damage and...
Cyprus’ tech pioneers embracing change
Heraclitus once said, “the only constant in life is change.”...
Tachat Igityan: CFO, Co-founder of destream
‘destream’s mission is to offer content creators a simple, conversion-oriented, and convenient option to receive donations through as many payment...
Cyprus 4.0 – Saturday 26 November: “Leading Pioneers Driving Change”
Entrepreneurs are typically pioneers by nature. To introduce novel concepts or products, they are willing to take risks by disrupting...
Cypriot biotech company receives €800K investment from ASBIS to fuel growth and...
One of the most promising biotech companies in Cyprus currently is Promed Bioscience. They produce collagen-based biomaterials including highly purified...
Cyprus renewable energy gets funding to build an intelligent platform for improved...
The world is moving towards renewable energy, such as PV, in an effort to limit climate change and offset dwindling...
Are real estate auctions to be trusted?
Antonis Loizou F.R.I.C.S. For those who are interested in buying...
Enforcement of an award on an arbitration agreement
The arbitration clause in any agreement such as the provision of services, contracting, sale or rental of immovable property or...
New bill to prevent homeowners left fighting for title deeds
Deputies on Wednesday were discussing a mechanism aimed at protecting – and preventing – trapped buyers, after Finance Minister Constantinos...
Foreclosure suspension akin to ‘shooting ourselves in the foot’
Finance Minister Constantinos Petrides on Wednesday described the recent decision by the House of Parliament to suspend the foreclosure bill...
Kedipes chairman: ‘foreclosure bill will affect ability to repay the state’
State-owned asset management company Kedipes chairman Lambros Papadopoulos on Tuesday said that frequent interventions in the foreclosure framework will negatively...
UK’s Superdry in talks with Bantry Bay to refinance $85 mln facility
British fashion group Superdry (SDRY.L) said it is in negotiations...
The yuan’s the new dollar as Russia rides to the redback
Russia turns to the Chinese currency amid sanctions Moscow becomes No.4 offshore trading centre for yuan Yuan’s share of Russian...
Oil rises as market weighs OPEC+ supply rebalance
Oil rebounded on Tuesday after falling to more than 11-month lows in the previous session, as investors weighed a potential...
Snap employees to be in offices 80 per cent of time from...
Snap Inc (SNAP.N) will require employees to work from its offices 80 per cent of the time, starting from the...
A tale of two stock markets: how London still trumps Paris for...
Paris’ luxury-laden stock exchange is now worth more than London’s. But although size matters, there are other indicators highlighting the...
Cyprus Airways launches holiday package platform
Cypriot airline Cyprus Airways on Tuesday released a statement saying...
Paphos tourism sector tries to seduce Polish visitors
The Paphos regional board of tourism (Etap) this week travelled to Poland in order to promote the district as a...
Business leaders stress importance of air connectivity
The vast majority of European business leaders have underlined the importance of air connectivity in terms of sustaining their competitiveness,...
Ryanair adds five new routes, increases airport presence (Updated)
Low-cost airline Ryanair announced on Monday five new routes departing from Paphos airport starting next summer, as well as an...
Cyprus airline completes first direct flight between Israel and Qatar
Cyprus-based airline TUS Airways on Monday said that it completed the first direct flight between Israel and Qatar, a historic...
Cyprus Business Now
The Cyprus Shipping Chamber (Kne) held its monthly general meeting...
Will supply chains ever return to “normal?”
Considering the unprecedented economic environment created by years of COVID pandemic, it should hardly be surprising that organizations around the...
Russian reduction on shipping ‘manageable’
The fallout on Cyprus’ maritime shipping industry from EU sanctions has been ‘manageable’, the deputy minister for shipping said on...
Shipping sector must view environmental issues holistically
PwC Cyprus CEO Philippos Soseilos this week explained that the correct application of environmental, social and governance (ESG) criteria in...
Cyprus Business Now
Cyprus’ trade deficit reached €4.4 billion for the period between January and July 2022, compared to €3.2 billion for the...
