Cyprus esports flourish as global gamers generate $1.1bn in revenue
esports will generate $1.1 billion in revenue this year. The majority of that number comes from media rights and sponsorship opportunities, which, with a global...
International
US State Department eases travel advisories for UK, Israel
The US State Department said on Monday it has eased travel advisory ratings for the United Kingdom and Israel after raising both countries to its...
Ethereum at all time high of $4,200; rally expected to continue
Ethereum’s ether climbed to a new peak for a third straight day on Monday on continued optimism about further growth in decentralised finance or “DeFi”,...
Epilepsy gene discovered by Chinese scientists
Chinese scientists have recently discovered a gene responsible for epilepsy, a neurological disorder of the brain. The new study published in the international journal Brain...
Cyprus needs new treaty with Russia to stay competitive
By Nicholas Anderson How the lack of bilateral investment treaties diminishes the competitiveness of Cyprus as a European investment hub No one can deny the...
Insurers, having lost $100bn, seek new ways to deal with pandemics
When much of the global economy locked down last year, insurers, facing estimated losses of more than $100 billion globally, reached straight for their red...
Dassault launches Falcon10X ‘flying penthouse’ jet
Dassault Aviation (AVMD.PA) launched a new long-range “flying penthouse” on Thursday in a bid to challenge rivals serving the ultra-wealthy and heads of state at...
Dogecoin tumbles after Elon Musk calls it a ‘hustle’
Dogecoin lost more than a third of its price on Sunday, after Tesla chief and cryptocurrency supporter Elon Musk called it a ‘hustle’ during his...
Blue hair signals profit for new L’Oreal boss
’Oreal’s (OREP.PA) make-up sales are set to bounce back to pre-Covid-19 pandemic levels, the French group’s new chief executive said on Friday, with women opting for...
Patent waivers for vaccines proposal supported by 5 EU nations
Five European Union Member States distanced themselves on Friday from the idea of waiving patent rights on coronavirus vaccines, saying the key to ending the...
Robot arm for delicate tasks — made in China
Can’t open a bottle of water? A soft robotic arm will do it for you. Researchers from the University of Science and Technology of China...
Pound expected to dip against euro – analysts
The decisions by the Bank of England Monetary Policy Committee on Thursday to hold rates, and to reduce the speed of its asset purchase programme...
Chinese scientists use giant telescope to break new ground in pulsar research
Chinese scientists have found the first evidence of three-dimensional (3D) spin-velocity alignment in a pulsar with the help of the world’s largest radio telescope. Based...
Europe’s consumers should expect price rises
Europe’s consumers will feel the hit from price rises this year as companies seek to recoup revenues and cover pandemic-related costs. But for now, this...
Gold hits 6-month high at $1,830 per ounce; silver jumps 5.8%
Gold jumped more than 1 per cent en route to its best week since November after an unexpected drop in US jobs growth in April...
Real estate investment in a post-Covid world
“Residential for rent is where I see a lot of capital chasing product, given the affordability constraints of buying vs. renting. The investment in this...
US economy likely created nearly a million jobs in April
US employers likely hired nearly a million workers in April as they rushed to meet a surge in demand, unleashed by the reopening of the...
Cyprus Finance Ministry seeks VAT payment extension
As part of measures to support companies facing liquidity problems due to the Covid-19 pandemic, the Ministry of Finance announced plans to allow partial monthly...
Turkish central bank holds key interest rate at 19%; lira stays at 10 to euro
Turkey’s central bank announced in a press release on Thursday that it chose to keep its key interest rate unchanged at 19 per cent, in...
Turkey welcomes foreign tourists while locking down locals
“Turkey Unlimited. Now available without Turks,” reads a mock tourism advert on social media, poking fun at the sight of foreign tourists roaming quiet streets...