Cyprus Business News

Self-drive automaker Cruise, backed by General Motors Co (GM.N), on Thursday said it raised $2.75 billion in its latest funding round with additional investment from Walmart Inc (WMT.N) and ...

Hellenic Bank has announced the hiring of Antonis Rouvas as its new Chief Financial Officer. Rouvas will replace the previous CFO Lars Kramer who has since moved to ABN AMRO. ...

The UK’s largest tour operator TUI has called for authorities in Cyprus to provide free or reduced-cost Covid-19 tests to encourage tourists to visit this summer, TTG reported on ...

The economy has solid ground on which to recover, according to a report by the University of Cyprus Economic Research Centre. The report notes, however, that this is contingent on ...

The Turkish central bank has held its key interest rate at its current level of 19 per cent, the bank announced on Thursday in a statement. The central bank has been ...

The Tech Island Association launched on Wednesday to bring together government, business and all other stakeholders in the eco-system : More than 65 tech companies based in Cyprus have come together to ...

The United States will announce sanctions on Russia as soon as Thursday for alleged election interference and malicious cyber activity, targeting several individuals and entities, people familiar the matter said. ...

Fund managers are trimming exposure to Russia and Ukraine on fears that years of tensions could finally erupt into outright war, bringing economic ruin for Ukraine and more sanctions on ...

Saipem and Hyperion Systems Engineering have joined forces to create Saipem-Hyperion Eastmed Engineering Ltd, a jointly controlled company based in Nicosia. The joint venture was registered in March. The new ...

A ship that blocked the Suez Canal for almost a week in March is being held in the waterway as canal authorities pursue a $916 million compensation claim against the ship’...

Gold futures ended higher Tuesday, with data showing US consumer prices in March rose for the fourth month in a row and the pace of inflation hit the highest level ...

Global shipments of personal computers rose at their fastest pace in two decades in the first quarter as people bought computers to help them work and study remotely during the ...

Despite initially being encouraged by the February lifting of lockdown measures on retail stores, the sector is still reeling from months of inactivity and lingering trepidation from consumers. “Cyprus retail ...

Domino’s Pizza Inc and Nuro Inc, a Silicon Valley startup, said on Monday they will launch a robotic pizza delivery service in Houston this week as they seek to ...

Treating COVID-19 patients at home with a commonly-used inhaled asthma drug called budesonide can speed up their recovery, according to UK trial results on Monday which doctors said could change ...

Cyprus Vision 2035: A plan to build a resilient economy Plans by Sector: Agritech: Create co-operatives, combine resources, Institute of Agriculture to guide creation of a technology base for shared use, ...

In the context of their strategic collaboration in the hospitality sector, Invel Real Estate, PRODEA Investments and the Cypriot-based YODA Group of Ioannis Papalekas announce the acquisition of 45 per cent ...

An independent committee including lawmakers and a number of business leaders has been set up to scrutinise and improve the UK’s Brexit deal with the EU, according to a ...

French lawmakers voted late on Saturday to abolish domestic flights on routes than can be covered by train in under two-and-a-half hours, as the government seeks to lower carbon emissions ...

Bitcoin rose above $60,000 to approach record highs on the weekend, breaking out of a two-week tight range and propelled by talk of constrained new supplies against evidence of wider adoption. ...

Euro zone banks borrowed a record €1.31 trillion ($1.47 trillion) from the European Central Bank on Thursday, taking advantage of negative interest rates to meet growing demand for credit from companies seeking ...

The euro is in a comeback phase against the pound, due to vaccination rollout improvements and some good economic data. “The British pound is on course to record its sharpest ...

Venus Minerals has started diamond drilling in the Troodos, and this means that Cyprus will soon be able to take advantage of the rising demand for copper. “Cyprus can play ...

Hellenic Bank has posted its financial results for the previous fiscal year, exhibiting a solid foundation for the year to come, despite reduced profit and total net income due to ...