Business

Ferrari (RACE.MI), opens new tab has delayed plans for its second fully-electric model that was due out in 2026 to at least 2028, because of a lack of demand for high-performance ...

British online fashion retailer ASOS (ASOS.L) has named Aaron Izzard, director of group finance, as its new CFO as the current finance boss, Dave Murray, will be stepping down ...

Dogecoin (DOGE) is teetering on a critical support level at $0.168, a threshold that could dictate its next move in the volatile crypto market. A breach below this point risks a ...

Wall Street’s optimism for Solana treasuries is surging, yet Mutuum Finance (MUTM) is stealing the spotlight as the next crypto to explode. Financial giant Cantor Fitzgerald recently launched coverage ...

Cardano (ADA) struggles to regain momentum, with its price dipping to $0.62 after a 27% drop from May 2025’s high of $0.86. Investors eye the next big cryptocurrency as Cardano battles bearish signals ...

Fuel prices in Cyprus are expected to see a sharp, but temporary, rise due to the conflict between Israel and Iran in the Middle East, Energy Minister George Papanastasiou said ...

The Central Bank of Cyprus (CBC) on Friday made a slight downward revision to the country’s growth forecast for 2025, adjusting it to 3.1 per cent from 3.2 per cent in March. ...

Cyprus has deployed its first quantum communication network, led by scientists from the Cyprus University of Technology (CUT) as part of the Cyprus Quantum Communication Infrastructure (CYQCI) project. According to ...

ChatGPT maker OpenAI was awarded a $200 million contract to provide the US Defense Department with artificial intelligence tools, the Pentagon said in a statement this week. “Under this award, the ...

European truckmaking rivals AB Volvo (VOLVb.ST) and Daimler Truck (DTGGe.DE) hope to cut costs and reduce reliance on suppliers by jointly developing a software-defined vehicle program, they said ...

The US SEC has delayed its decision on whether to allow a spot Ethereum (ETH) ETF by Franklin Templeton, one of the leading asset managers in the world. A major ...

Pump.Fun has caused mixed reactions throughout the crypto sector after its X account was suspended and then reinstated. On June 16, the official X account of the Solana-based memecoin launchpad ...

Nasdaq-listed Davis Commodities (DTCK) recently announced that it had gotten approval for a $30 million fundraising plan. The company has a strategic plan to invest 15% or $4.5 million of the funds into ...

The Cyprus Securities and Exchange Commission (CySEC) on Friday officially adopted a series of guidelines issued by the European Securities and Markets Authority (ESMA) concerning crypto-asset service providers (CASPs) operating ...

The Central Bank of Cyprus (CBC) on Friday made a slight downward revision to the country’s growth forecast for 2025, adjusting it to 3.1 per cent from 3.2 per cent in March. ...

Invest Cyprus on Friday issued a statement welcoming the decision by India’s Drone Destination to establish its European subsidiary in Cyprus. The agency, tasked with driving investment to the ...

The long road home: A hidden journey When you click “Buy Now” on a product from an international site, you may imagine your item making its way directly to your ...

Finance Minister Makis Keravnos on Friday called for urgent action to boost European competitiveness and reinforce the EU’s common defence as he arrived at the Economic and Financial Affairs ...

Petrolina (Holdings) Public Limited this week approved a final dividend of 2 cents per share at its 25th annual general meeting of shareholders. The decision came as the company reported a ...

Logicom Public Ltd on Friday announced the approval of a dividend payment of 10 cents per share, representing 29.4 per cent of the nominal share value, following decisions taken at its annual ...

Agros Progress Development Public Ltd, parent company of the Rodon hotel, held its annual general meeting (AGM) on Thursday, during which shareholders approved a dividend distribution and made several changes ...

The draft bill for the privatisation of the Cyprus Stock Exchange (CSE) was submitted to the House of Representatives on Thursday, paving the way for the selection of a strategic ...

Scientists, government officials and industry leaders gathered this week at the University of Cyprus for a presentation of a study documenting biodiversity in quarry zones, aiming to reshape policies on ...

The energy regulatory authority (Cera) has approved in principle an application from the Cyprus Transmission System Operator (TSO) to develop energy storage systems, it emerged on Friday.  The request was ...