Business

BlackRock (BLK.N) said on Friday it would buy Global Infrastructure Partners (GIP) for $12.5 billion in a major bet on alternative assets and announced a shake-up of its top management. ...

Crypto asset manager Bitwise said on Friday that $240 million flowed into its spot bitcoin exchange-traded fund (ETF), the most of the 10 such products that began trading on Thursday. The U....

Mercedes-Benz (MBGn.DE) launched a new virtual assistant at the CES electronics trade fair on Monday capable of providing context-based suggestions and engaging in dialogue with users, signalling another step ...

The most important thing for the real economy is to reduce non-performing loans as they have in the banking sector so the economy can function without obstacles, Finance Minister Makis ...

Bitcoin, the pioneer of cryptocurrencies, is celebrating its 15th anniversary with a significant price surge, captivating the attention of crypto enthusiasts globally. As the top crypto coin continues to make ...

Bitcoin seems to be mimicking past patterns in several charts shown by experts. Investors are preparing for a potential Bitcoin bull by investing in projects that may yield higher multiples – ...

Global hedge funds have reduced their exposure to the so-called Magnificent Seven stocks while increasing their allocation to other technology, media and telecommunications (TMT) companies, according to Morgan Stanley (MS....

Policies and lifestyles causing environmental damage and derailing economy Over the last 40 years the Cyprus government has relied increasingly on three main sources to generate economic growth, namely, property investment, ...

Bitcoin is back in the spotlight, soaring to an impressive $46,000. This resurgence, covered extensively in ‘First Mover Americas,’ isn’t just another blip on the radar. It’s a full-on ...

The European Commission and the European Investment Fund (EIF) on Friday announced the launch of a new 175 million euro ($191.57 million) fund to bolster defence and security innovation. The Defence Equity ...

Here are the top business stories in Cyprus from the week starting January 8: Cyprus pensioners are poised to experience an uplifting change in their financial circumstances. The Union of Cypriot ...

Rental firm Hertz Global Holdings (HTZ.O) is selling about 20,000 electric vehicles, including Teslas, from its U.S. fleet about two years after a deal with the automaker to offer ...

Walt Disney’s Pixar Animation Studios is set to cut jobs as the studio has completed production on some shows and now has more staff than it needs, a source ...

Citi Research on Friday lowered its Brent price forecasts for this year and 2025, citing oversupply concerns but expects prices holding above $70 per barrel in 2024 as OPEC+ keeps global oil markets “...

In Dece­mber 2023, Bitcoin (BTC) mining revenue­ skyrocketed. Miners hit the­ir highest point of the year, raking in a stagge­ring $1.51 billion. This hefty sum signifies remarkable­ earnings for ...

Spanish billionaire Amancio Ortega has bought a logistics centre in the Netherlands currently used by rival British fashion retailer Primark for 110 million euros ($121 million), his family office Pontegadea said. Ortega, ...

By Miranda Xafa THE Greek economy continues to perform positively despite the slowdown in the global economy due to monetary tightening, the energy crisis and wars in Ukraine and the ...

In Q3 of 2023, the Cyprus Securities and Exchange Commission (CySEC) directed 335 Collective Investment Organisation Management Companies, with €8.6 billion in Assets Under Management. This marked a slight increase from the previous ...

The system for registering ultimate beneficial owners (UBO) at the Registrar of Companies, will allow companies to post this information without paying the fines imposed on January 1 for failing to ...

Shipbuilding saw an 8 per cent increase in orders for alternative fuel-powered vessels, which have reached a total of 298 ships, in response to the International Maritime Organization’s (IMO) strict emission ...

The newly-appointed Commissioner for the Environment, Antonia Theodosiou, acknowledged the importance of the Cyprus Sustainable Tourism Initiative (CSTI) and its significance to the tourism industry. Addressing the 16th Annual General ...

The state and the private sector are joining forces to try and bridge the gaps in the jobs market in the IT sector with a targeted programme to attract and ...

Cyprus’ innovation ecosystem boasts over 400 startups and innovative businesses, more than 2500 researchers, and over 4000 entrepreneurs, said Demetris Skourides, the chief scientist of the Research and Innovation Foundation. “These numbers demonstrate ...

Fashion company Shein is seeking Beijing’s nod to go public in the U.S., two sources with knowledge of the matter said, a decision which could delay its float ...