Business

Here are the top business stories in Cyprus from the week starting November 18: Hellenic Bank on Monday announced a reduction of its key interest rate by 21 basis points, effective from ...

US homebuilder sentiment rose to a seven-month high in November and expectations for sales in the next six months surged to the highest in about two-and-a-half years after a Republican ...

Asking prices for British homes fell over the last month by more than is usual for the time of year, online property portal Rightmove said in a report, although it ...

Meta Platforms (META.O) said this week it plans to appeal an order by India’s competition watchdog that restricts the US tech firm from sharing data for advertising between ...

Ratings agency Moody’s on Saturday restored Cyprus’ credit rating to its ‘A’, specifically giving the island a score of ‘A3’, restoring the island to the ‘A’ grade for the ...

By Luigi Scazzieri Russia’s full-scale invasion of Ukraine has revived EU enlargement. European leaders often talk about enlargement as a ‘geopolitical necessity’. However, the rhetoric on enlargement never extends ...

Energy Minister George Papanastasiou on Friday expressed his hope that American multinational oil and gas corporation ExxonMobil’s decision to begin drilling for natural gas in block 5 of Cyprus’ Exclusive ...

Artificial intelligence search startup Perplexity has launched a shopping hub to attract users, in a bid to beef up its platform as it attempts to take on Alphabet-owned (GOOGL.O) ...

Video game maker Roblox (RBLX.N) announced that it is implementing new safety measures for users under 13, including permanently removing the ability to message others outside games on its platform. ...

Cryptocurrency exchange OKX has announced that it would offer instant Singapore dollar-denominated deposits and withdrawals to customers in the city-state, taking a step toward deeper integration with Singapore’s traditional ...

Cyprus has “no room for growth” in terms of its summer tourism figures, Tourism Deputy Minister Costas Koumis said on Friday. Addressing the House finance committee as it deliberated his ...

Nine years ago, a $500 investment in Ethereum would have turned into an astonishing $1,575,350 today. The next big question is: which altcoin could deliver similar or even bigger returns? Rexas Finance ...

Energy Minister George Papanastasiou on Friday expressed his hope that American multinational oil and gas corporation ExxonMobil’s decision to begin drilling for natural gas in block 5 of Cyprus’ Exclusive ...

For those looking for generational riches, certain altcoins priced under $1 are becoming leaders with a wide spectrum of projects providing special utilities and innovations. Of them, Rexas Finance (RXS) is ...

A group representing major automakers including General Motors (GM.N), Toyota Motor Corp (7203.T), and Volkswagen (VOWG_p.DE) urged President-elect Donald Trump to retain key tax credits for electric ...

Cyprus and Greece have announced a joint €2 million funding call aimed at strengthening cooperation in research, innovation, and technology, according to an official announcement released this week. This initiative, spearheaded ...

Cyprus-based Anymaster, a service marketplace that connects clients with local service providers, has successfully raised €350,000 in funding, allowing it to expand to Athens, Greece. “Already operating in four major cities ...

The Central Bank of Cyprus (CBC) on Friday reported that 94 per cent of loans held by credit acquisition companies were categorised as non-performing (NPLs) as of June 30, 2024. The report indicates ...

The Cyprus Securities and Exchange Commission (CySEC) this week announced its adoption of the European Banking Authority’s (EBA) guidelines on governance for issuers of asset-referenced tokens (ARTs). These guidelines, ...

Bitcoin touched a fresh record high on Friday, with its sights set firmly on the $100,000 barrier, in a stellar rally for the cryptocurrency sparked by expectations of a more friendly ...

Inflows into global equity funds slowed in the week ending Nov. 20 due to geopolitical tensions between Russia and the West, with investors also anxious about the US interest rate policy ...

Millions of British households will see energy bills tick up in January after regulator Ofgem said it would increase its domestic price cap by 1.2 per cent from January as volatile ...

British business output shrank for the first time in more than a year and tax increases in the new government’s first budget hit hiring and investment plans, a survey ...

Oil prices held steady on Friday, on track for a weekly rise of 5 per cent, as the Ukraine war intensified and Chinese imports were set to increase in November. Brent ...