Business

Cyprus’ trade deficit increased by €1.53 billion during the first eight months of 2022, compared to the corresponding period from last year, exceeding €5 billion in total value, according to a report based ...

Government employment in Cyprus increased by 0.4 per cent year-on-year in September 2022, with the total number now standing at 52,601 members of staff, according to a report released this week by the ...

Apple Inc (AAPL.O) will start upgrading its iPhone models in India in December to make them compatible with 5G networks, the company said on Wednesday, as Indian authorities pressed ...

Mercedes-Benz (MBGn.DE) and Microsoft (MSFT.O) announced a partnership on Wednesday using Microsoft Cloud for a data platform intended to improve production efficiency at over 30 passenger car plants globally, ...

Crypto investment products firm 21.co said on Wednesday its subsidiary 21Shares AG has listed a bitcoin exchange-traded product on Nasdaq Dubai, making it the Middle East’s first physically-backed bitcoin ...

Britain’s new government said on Wednesday it would not reverse its vast tax cuts or reduce public spending as it sought to stand firm in the face of yet ...

Most businesses believe that digital transformation is important for sustainability but are not ready for the transition, a new survey showed on Wednesday. The survey on the technology and digital ...

AstroBank announced on Wednesday the acquisition of QQuant Master Servicer Cyprus Limited, an independent servicer of non-performing loans. The two parties have agreed that AstroBank, which owned 25.1 per cent in ...

Meta Platforms (META.O) unveiled its Quest Pro virtual and mixed reality headset on Tuesday, marking a milestone for Chief Executive Mark Zuckerberg’s break into the higher-end market for ...

Bitcoin is the first ever cryptocurrency that has changed the mind of people toward fiat currency. Bitcoin has established a meaningful spot in the marketplace in just a decade. Many ...

Twitter Inc (TWTR.N) is reviewing its policies around permanently banning users, possibly bringing its content moderation in line with Elon Musk’s vision for the social media platform, the ...

UK pension schemes are racing to raise hundreds of billions of pounds to shore up derivatives positions before the Bank of England calls time on support aimed at keeping them ...

Oil prices fell for a third straight session on Wednesday as investors fretted about a hit to fuel demand from growing risks of a global recession and tightening COVID-19 curbs ...

The United Arab Emirates launched an unemployment insurance scheme on Tuesday as part of reforms aimed at attracting more talent and investment to the regional business hub amid rising competition. ...

Bitcoin or cryptocurrencies, in general, use a distributed ledger called blockchain technology. It is a decentralized system that aids in the recording of the transactions of Bitcoin or any digital ...

Britain’s economy shrank by 0.3 per cent in August, hit by weakness in manufacturing and maintenance work in North Sea oil and gas fields, according to official data which underscored ...

The Association for the Protection of Borrowers (Syprodat) on Tuesday released a statement in which it requests meetings with House Speaker Annita Demetriou, Central Bank Governor Constantinos Herodotou, as well ...

Elon Musk’s banks, faced with huge losses on their commitment to finance the $44 billion buyout of Twitter Inc (TWTR.N), may not be able to back out of the ...

It’s not easy being a crypto investor. They’ve seen the value of their holdings drop like a brick this year, and now many are stewing over the safety ...

Nissan Motor Co Ltd (7201.T) will hand over its business in Russia to a state-owned entity for 1 euro ($0.97), it said on Tuesday, taking a loss of around $687 million in the ...

The International Monetary Fund (IMF) has upgraded its forecast on the growth rate of the Cypriot economy in 2022 to 3.5 per cent of the GDP from 2.1 per cent that it expected ...

U.S. President Joe Biden spoke with the leaders of Israel and Lebanon on Tuesday to congratulate them over what the United States sees as a historic breakthrough over the ...

The ever-elusive date for opening up the electricity market appears to have been pushed back to 2023, as among other things the necessary legal regulations have yet to be passed by ...

The upcoming conference of the Eastern Mediterranean Gas Forum (EMGF) in Cyprus on October 14, which Minister of Energy, Commerce and Industry Natasa Pilides is leading as forum president, will centre ...