Cyprus Business News

Germany-based tourism group TUI recorded an adjusted operating profit (EBIT) of minus €699 million euros (846 million US dollars) in the first quarter of its fiscal year ending December 2020, the company announced ...

Abu Dhabi conglomerate International Holding Co (IHC.AD) is considering acquisitions worth a few billion dollars in total across several sectors, including a real estate developer in Abu Dhabi, its ...

Travel receipts in the first six months of the year increased by 51 per cent from the same period in the previous year, the Bank of Greece said in a statement ...

The global supply chain is grinding to a halt, under the pressure of soaring consumer demand for goods and insufficient technology at ports and for shipping. – this offers an opportunity ...

Six investors have been shortlisted as candidates for the acquisition of a €477m package of performing loans belonging to state-owned asset manager Kedipes. According to the Cyprus News Agency, 13 investors ...

General Motors Co (GM.N) has expanded the recall of its Chevrolet Bolt electric vehicles due to a risk of fire from the pouch-type lithium-ion battery cells made by South ...

Bitcoin’s price surged past $50,000 on Monday for the first time since May, but the rebound from a months-long slump later ran out of steam. The world’s largest cryptocurrency ...

There is real danger that Europe will see shortages of natural gas this winter, combined with sharp increases in price for the commodity. “Going into the current winter with less ...

KEDIPES is expected to move forward in its transformation into an asset management company (a ‘bad bank’), StockWatch reported on Monday. The company, which was set up to manage non-performing ...

PayPal Holdings Inc (PYPL.O) will allow customers in the UK to buy, sell and hold bitcoin and other cryptocurrencies starting this week, the company said on Monday. The roll-out, ...

Tired of your terrible boss? Wouldn’t you prefer being managed by a computer? Imagine having an unbiased machine for a boss that rewards your performance based on objective data? ...

A third dose of Pfizer (PFE.N)‘s Covid-19 vaccine has significantly improved protection from infection and serious illness among people aged 60 and older in Israel compared with those who ...

Amid economic disruptions from Covid-19, global trade on the whole held up relatively well in 2020 and moved on to greater strength in 2021, according to a report by United Nations Conference ...

Bitcoin rose 5.01 per cent to $49,106.4 at 22:04 GMT on Friday, adding $2,342.1 to its previous close. The price of bitcoin on Sunday is $49,239.20 or €42,095.58. There is an analyst consensus that a move ...

Lebanese fuel prices are expected to double after the state decided on Saturday to change the exchange rate used to price petroleum products in a bid to ease crippling shortages ...

Tesla Inc (TSLA.O) Chief Executive Elon Musk on Thursday said the electric automaker will probably launch a “Tesla Bot” humanoid robot prototype next year, designed for dangerous, repetitive, or ...

Sterling touched one-month lows against a robust dollar and the euro on Friday, capping the pound’s worst week in months as global risk aversion propelled investors towards currencies considered ...

Ryanair’s latest challenge to state aid for European airlines took a step forward on Wednesday when the European Court of Justice agreed to hear in its General Court a ...

The Cyprus Government Guarantee Scheme will offer low-interest loans to businesses of all sizes via Cyprus banks. It will become available with the enactment of the Amending Law “On the ...

Astrobank is offering free cash withdrawals at more than 330 ATMs nationwide for AstroBank customers, the bank said in a statement on Thursday. AstroBank continues its cooperation with the company Euronet ...

Digital twins—digital representations of real-world entities such as sensors, devices, machines, systems, and even people—have evolved from a niche concept to an integral part of the industrial landscape. ...

Lebanon is now at the centre of a confrontation between Israel and Iran over fuel deliveries. US sanctions could also follow a delivery of fuel from Iran – Lebanon could face ...

A shipment of Iranian fuel organised for Lebanon by Hezbollah will set sail on Thursday, the Shi’ite group said, cautioning its US and Israeli foes against any moves to ...

If you want to invest in a fund branded as sustainable under new European Union rules, you’re spoilt for choice. But you may end up owning shares in oil ...