Business

Central banks from Brazil to Indonesia scrambled to defend their struggling currencies on Thursday, hours after the Federal Reserve jolted markets by indicating it may not cut rates by much ...

Forecasts for the next major cryptocurrency breakthrough abound in cryptocurrency markets, and this time, Ripple (XRP) is not on the front stage. Rexas Finance (RXS), a fresh competitor, is hailed ...

Invest Cyprus on Thursday announced that it has being re-elected to the board of the ANIMA Investment Network. Launched in 2006 within the framework of the Barcelona Process-Euromed partnership, ANIMA has ...

State-owned asset management company Kedipes has repaid €1.47 billion in state aid since the start of its operations in September 2018, according to an announcement released on Thursday. This includes €310 million repaid ...

The Cabinet this week approved measures to expand labour market access for students and attract skilled professionals from abroad. These initiatives aim to address growing employment demands and boost economic ...

The cryptocurrency landscape constantly shifts as investors seek the next big breakout. While heavyweights like Shiba Inu (SHIB) and Worldcoin (WLD) remain popular, their recent performance suggests they might be ...

Over the years, the crypto space has seen explosive growth stories, like how meme coins made early investors wealthy with the help of Shiba Inu (SHIB) or how Cardano (ADA) ...

Oil prices fell in Asian trade on Thursday after the US Federal Reserve signalled it would slow the pace of interest rate cuts in 2025, which could hurt economic growth and ...

The Cyprus Banking Association on Thursday confirmed that banks will announce their decisions on interest rate and fee reductions by the end of the week. Spokesman Andreas Kostouris told state ...

The Bank of England looks set to hold interest rates at 4.75 per cent on Thursday, despite signs of a slowing economy, as persistent inflation pressures limit it to a “gradual” ...

Bernhard Schulte Shipmanagement (BSM), a third-party ship manager headquartered in Limassol, on Thursday announced that CEO Ian Beveridge will step down on January 1, 2025. According to the announcement, Sebastian von Hardenberg, ...

EmissionLink, a Columbia Group company, is simplifying emissions management with advanced solutions to meet the upcoming FuelEU Maritime regulations, effective from January 2025. According to a statement by the company, these ...

Bitcoin’s soaring value has caught the attention of high-end fashion brands and retailers, prompting further interest in offering cryptocurrencies as a means of payment to tap in to fresh ...

The Construction Material Price Index in Cyprus reached 117.26 points in November 2024, with 2021 acting as the base year set at 100 points. This reflects a slight monthly increase of 0.07 per cent, the ...

The Harmonised Consumer Price Index (HCPI) in Cyprus increased by 2.2 per cent in November 2024, compared to the same month in 2023, according to the state’s statistical service. However, on a ...

The Cabinet on Wednesday approved a revised start-up visa, according to Deputy Minister of Research, Innovation, and Digital Policy Nicodemos Damianou. Damianou said that the revisions aim to make the ...

British inflation hit an eight-month high in November, but the rise in services prices – watched closely by the Bank of England as an underlying measure of inflationary pressures – held steady, ...

Europe’s startup ecosystem is experiencing a notable transformation, driven by innovation, policy shifts, and global outreach strategies. This is not to say that the economy is booming, but many ...

The Cypriot government is “ready” to begin consultations with both Greece’s independent transmission system operator Admie and the country’s energy ministry to find an agreement on “all matters” ...

The Cabinet on Wednesday approved a revised start-up visa, according to Deputy Minister of Research, Innovation, and Digital Policy Nicodemos Damianou. Damianou said that the revisions aim to make the ...

Cyprus will respond in the coming days as to whether it will accept Chevron’s development and production plan for the Block 12 Aphrodite gas field, Energy Minister George Papanastasiou said ...

The government announced on Wednesday its commitment to supporting refugees by improving their access to housing, as it unveiled revised conditions for housing plans. According to the Interior Minister Constantinos ...

Online broker Deriv this week announced the expansion of the company’s Cyprus-based operations to Nicosia. Deriv, which opened its first Cyprus office in Limassol four years ago, said that ...

Half of Cyprus’ hotels are open this festive season, offering special programmes for Christmas and New Year, according to Thanos Michaelides, president of the Cyprus Hoteliers Association (Pasyxe). Speaking to ...