Business

The Chinese-led consortium with the contract to build a liquefied natural gas (LNG) terminal at Vasiliko is claiming €200 million from Cyprus in arbitration proceedings, MPs heard on Thursday, as the ...

The attorney-general’s office said Thursday it has appealed a ruling by Limassol district court that found in favour of depositors with now-defunct Laiki (Popular) Bank whose uninsured savings got ...

In an interesting turn of events, the Hong Kong Securities and Futures Commission (SFC) has cautioned the public about the Floki Staking Program and the TokenFi Staking Program, terming them ...

Finance Minister Makis Keravnos and Cyprus Central Bank (CBC) governor Constantinos Herodotou held a meeting on Thursday, discussing a potential decrease in interest rates by the European Central Bank (ECB) ...

The 72% drop in Polygon (MATIC) led investors to explore alternative investment options, with Option2Trade (O2T) emerging as a preferred choice due to its unique advantages like governance rights, ...

A step forward for the protection of the property buyer has been introduced in an amending law to the Sale of Immovable Properties laws with its publication in December. The ...

The Non-Performing Loan (NPL) ratio in Cyprus remained unchanged at 8.3 per cent in November 2023, according to a report released on Thursday by the Central Bank of Cyprus (CBC). According to ...

European Union leaders unanimously agreed on Thursday to extend 50 billion euros ($54 billion) in new aid to Ukraine, the chairman of the summit said, overcoming weeks of resistance from Hungary and ...

Copper prices set to soar by more than 75 per cent over next two years Mark Rachovides, chairman of Venus Minerals and a member of Euromines, the voice of the European ...

Private debt in Cyprus, including households and non-financial companies, reached 206 per cent of GDP at the end of the third quarter of 2023, according to a report released this week by ...

TechIsland, the largest technology association in Cyprus, and member company Adsterra, on Thursday announced the launch of “Advocate For Yourself,” an educational programme under the Women in Tech Cyprus initiative. ...

A financial product that enables banks to shed risk from loan portfolios is gaining more popularity among lenders in the United States, with investors and lawyers devising new structures to ...

Oil prices rose on Thursday, supported by signals from the US Federal Reserve on a possible start to rate cuts and on new support measures for China’s embattled property ...

The euro hit a seven-week low on Thursday as the dollar rose after Federal Reserve Chair Jerome Powell pushed back against bets of a US rate cut as soon as ...

Tankers carrying Russian oil have continued sailing through the Red Sea largely uninterrupted by Houthi attacks on shipping and face lower risks than competitors, according to shipping executives, analysts and ...

The hype generated by the metaverse in 2021 resulted in a significant price increase for the metaverse tokens. Since then, the hype has died down, with investors concerned about the prospect ...

The napkin on which 13-year-old Lionel Messi signed his first contract with Barcelona will be auctioned in March for a starting price of 300,000 pounds ($381,000), British auction house Bonhams said on ...

The economic climate in Cyprus showed signs of improvement in January 2024, according to a report released this week by the University of Cyprus’ Economic Research Centre (CypERC). The Economic Sentiment ...

The Producer Price Index (PPI) in Cyprus’ industrial sector for the year 2023 witnessed a notable decrease of 4.5 per cent on an annual basis, according to a report released on Wednesday ...

Starbucks (SBUX.O) cut its annual sales forecast on Tuesday as the Israel-Hamas war hurt its Middle East business, while warning that softer demand in January and slow recovery in ...

H&M’s (HMb.ST) CEO unexpectedly quit on Wednesday and company veteran Daniel Ervér took over with immediate effect, as the Swedish fashion retailer struggles to boost ...

A decision on whether the Republic will participate as shareholder in the Great Sea Interconnector project is expected to be taken on Thursday, state officials have announced. Finance Minister Makis ...

Media entrepreneur Byron Allen has submitted a $30 billion offer for Paramount Global (PARA.O), including debt and equity, Allen Media Group said in an emailed statement to Reuters on Tuesday. ...

In the face of escalating environmental concerns and the imperative to foster sustainable agricultural practices, there is an urgent call to shift towards innovative weed management strategies. Agroecology emerges as ...