Cyprus Business News

The Cyprus fund industry is maintaining steady growth right through lockdowns and the pandemic, and is seeking changes to its legal framework to harmonise with competitive jurisdictions. “We continue to ...

Financial services firms have become the primary target of cyber criminals during the pandemic, according to a report in The Banker. The surge in homeworking during the pandemic has increased ...

The Syrian pound sank to a new record low on Sunday with a scramble for dollars in a country hit by sanctions and facing a severe foreign currency crunch, dealers ...

Boeing Co said it recommended suspending the use of 777 jets with the same type of engine that shed debris over Denver at the weekend after US regulators announced extra inspections ...

Baillie Gifford is an investment management firm based in Edinburgh with more than £200 billion in assets under management. This fund is having an annus mirabilis. According to Morningstar’s latest ...

Britain threatens EU with ‘water wars’ that could see European bottled mineral water banned from UK. The move would be in retaliation for the European ban on UK shellfish, according ...

Indoor farms are positioning themselves today as one of the solutions to pandemic-induced disruptions to the harvesting, shipping, and sale of food. Previously, investors used to brush off Amin Jadavji’...

Ether, the second-largest cryptocurrency by market capitalization and daily volume, hit a record $2,040.62, for a weekly gain of about 12 per cent. It has currently fallen back to about $2004. It is ...

The Cyprus Securities and Exchange Commission (‘CySEC’), the financial regulatory Authority of Cyprus, has launched a dedicated section on its website to serve as a Brexit Information Hub (accessible here), ...

Turkey risks being added to the 12 nations on the EU tax blacklist in May if it does not reform its practice. The latest ruling by the Council of European Ministers ...

Facebook Inc’s WhatsApp said on Thursday it will go ahead with its controversial privacy policy update but will allow users to read it at “their own pace” and will ...

Tens of millions of workers in developed economies will have to retrain for secure careers in post-Covid labour markets reshaped by the pandemic and the remote working revolution, a report ...

How long will it be before we all need vaccinations to travel? We’re not there yet, but the time is not far off. There have been growing calls for ...

The 200 King Long high-end city buses that arrived in Cyprus from Xiamen on May 27, 2020 are both stylish and safe for use in the pandemic. In what was the biggest export ...

Revolut, the global financial platform with more than 15 million customers worldwide, on Wednesday announced its opening as a bank in Cyprus. Customers in Cyprus who upgrade to Revolut Bank for ...

The Covid-19 pandemic has added $24 trillion to the global debt mountain over the last year a new study has shown, leaving it at a record $281 trillion and the worldwide debt-to-GDP ...

A recent study conducted by CyStat has shown the digital economy in Cyprus to be growing rapidly. The number of people searching for information about products or services has grown ...

By Dr. Charles Ellinas What has become abundantly clear over the past year is the EU’s determination to drive a fast transition to cleaner energy. Not only it has ...

British finance minister Rishi Sunak’s annual budget on March 3 is set to have a green tinge, even as the country goes hundreds of billions of pounds into the red ...

Tesla boss Elon Musk’s SpaceX completed an equity funding round of $850 million, CNBC reported on Tuesday, citing people familiar with the financing. SpaceX raised the funds at $419.99 a share, ...

Most homes are built block by block, or brick by brick. But a demo house in Calverton, New York, was constructed scan by scan – its walls made using a giant ...

We live in times of extreme uncertainty, and that makes life hard for the people who are tasked with forecasting the future. Actuaries, for example, have the task of forecasting ...

The Cypriot economy contracted by an annual 5 per cent in 2020, beating projections for deeper recession amid the coronavirus pandemic, according to a flash estimate issued on Tuesday by the Statistical ...

The EU’s mammoth post-pandemic recovery fund, which is intended to exclude projects that worsen climate change or harm the environment, could in some circumstances be used for investment in ...