Business

The Cyprus Employers & Industrialists Federation (Oev) this week expressed its satisfaction with the approval of the Grants Scheme for Energy Upgrade and Competitiveness Enhancement for Large Enterprises. The proposal, ...

Britain’s biggest homebuilder Barratt (BDEV.L) will buy Redrow (RDW.L) in an all-stock deal valuing its smaller rival at about 2.52 billion pounds ($3.18 billion), they said on Wednesday, aiming ...

Abu Dhabi Investment Authority (ADIA), the largest sovereign wealth fund in the United Arab Emirates (UAE), is setting up a $4-5 billion fund to invest in India through a tax-neutral ...

Decentralized finance – DeFi – is getting a second wind. The amount of money deposited in this breed of crypto projects has leapt in recent months, swept up by a rally in ...

The cabinet has authorised the finance minister and the energy minister to make a final investment decision on the Great Sea Interconnector. Following a cabinet meeting on Wednesday, Energy Minister ...

Finance Minister Makis Keravnos on Wednesday announced that the Cabinet has approved the revision of the strategic plan aimed at attracting foreign businesses to Cyprus. The revised strategy, according to ...

Cruise industry giant Royal Caribbean Group announced on Wednesday that it is now hiring members of staff based in Cyprus for its cruise ships, with a diverse set of roles ...

The Association of Large Investment Projects on Wednesday released a statement saying that large-scale projects, with a total value exceeding €8 billion, will take centre stage in Cyprus’ economic development journey ...

Cryptocurrency markets have been undergoing a revolutionary transformation, marked by the unprecedented rise of Bitcoin cash-and-carry trading. This shift goes beyond the conventional ebbs and flows of Bitcoin values; it ...

Diageo’s (DGE.L) attempt to reassure investors about its strategy in Latin America has boosted confidence among some that the world’s top spirits maker can revive its performance ...

Oil prices rose for a third day on Wednesday after US crude inventories grew less than expected and a cut in the forecast for output growth in the US, the ...

Global shares hit their highest in over a year on Wednesday, supported by relatively robust earnings and a retreat in the dollar, although trouble among US regional banks and scepticism ...

The real estate sector has been witnessing a significant transformation with the integration of digital currencies. Cryptocurrencies, such as USDT, Bitcoin, and Ethereum, are revolutionising how transactions, including purchasing/sale ...

Bitcoin (BTC) critic and economist Peter Schiff recently hit the headlines over his remarks about the cryptocurrency’s future. Schiff has claimed that the Bitcoin price could go up to $10 ...

Britain on Tuesday said it would spend more than 100 million pounds ($125 million) to launch nine new research hubs in artificial intelligence (AI) and train regulators about the technology. “AI is ...

The Cyprus Chamber of Commerce and Industry (Keve) on Tuesday announced a state-of-the-art online course through its I-STARS (Innovative Strategies, Training, and Resources for Sustainability) project. According to the announcement, ...

British retailers reported sluggish sales in January as shoppers remained cautious about spending, according to a survey published on Tuesday which underscored how high inflation and borrowing costs are weighing ...

Honda Motor Co (7267.T) said on Tuesday it was recalling 750,000 vehicles in the United States over a defect involving air bags which could deploy unintentionally during a crash. The front ...

Russia has begun buying bananas from India and will boost such imports, its food safety watchdog said on Tuesday, after a spat with its biggest supplier Ecuador over the latter’...

Bank of Spain governor Pablo Hernández de Cos on Tuesday said that the European Central Bank (ECB) will proceed with cutting interest rates, without, however, specifying the timeline for ...

The Larnaca regional tourism board (Etap) announced on Tuesday that its participation in several European programmes will ultimately help to boost specialisation and professional qualifications in Cyprus’ tourism and hospitality ...

The share of renewable energy sources in transport in Cyprus stood at 7.2 per cent in 2022, without significant change compared to 2021, according to a report released this week by Eurostat, the ...

Paphos regional tourism board (Etap) representatives are visiting the city of Faenza, Italy, under the framework of the Interreg Euro MED European programme, titled ‘MED-Routes’, for the opening meeting of ...

BP (BP.L) reported fourth-quarter earnings of $3 billion on Tuesday, exceeding forecasts thanks to strong gas trading, and increased the pace of its share repurchases in a sign of confidence ...