Business

Billionaires increased in numbers and overall wealth last year, Swiss bank UBS (UBSG.S) said on Thursday, with the fortunes inherited by the newly-minted super-rich exceeding cash generated by self-made ...

Metro Bank (MTRO.L) on Thursday announced sweeping cost-cutting plans aimed at bolstering its finances, which could see the embattled British lender lay off 20 per cent of its staff and ...

A Limassol court this week found in favour of a group of depositors with now-defunct Laiki (Popular) Bank who saw their savings wiped out in the March 2013 ‘haircut’, awarding them €5.7 ...

OPEC+ oil producers are likely to agree output cuts of at least 1 million barrels per day (bpd) for early next year led by Saudi Arabia rolling over its voluntary additional ...

In a move set to propel the technology sector’s momentum further, Cyprus expects significant growth from the proposed modernisation of the legislative framework governing citizenships. According to InBusiness News, ...

After making hay when a summer bond rout propelled the US dollar to 10-month highs, hedge funds are now pondering what lies ahead for the greenback. The dollar, down 3.5 per ...

The Cyprus general government has recorded a surplus of €918.9 million, representing 3.1 per cent of the Gross Domestic Product (GDP), for the period of January to October 2023, according to the preliminary ...

As the fall season sets in, the crypto landscape is buzzing with anticipation and potential. Amidst this atmosphere, three tokens have caught the attention of ChatGPT: Shiba Inu (SHIB), Binance (...

Following the reinstatement of Sam Altman as the OpenAI CEO, the crypto AI market has been on a bullish trajectory, given that its value soared past the $9.30 billion mark. As ...

Neocleous Tower is a modern, sustainable office building in central Limassol, inviting corporations to experience the future of upscale workplace excellence. Redefining the standard for environmentally focused commercial real estate ...

The OMG Network is advancing in the cryptocurrency space with a plasma-based sidechain on Ethereum, which would benefit Ethereum Classic. Meanwhile, experts are optimistic about the future of Cardano after ...

Bitcoin Cash (BCH) faces challenges with a 9% price drop, signaling a potential downturn. Struggling against governance issues and competition, caution is advised. Meanwhile, VC Spectra (SPCT) shines, achieving an 862.5% increase ...

November has shaped up to be a fairytale month for equities, with the festive Santa rally investors traditionally hope for coming early as traders bet on a Goldilocks scenario of ...

The story of Libertex, the multi-awarded online broker, began a little more than a quarter of a century ago, in 1997, when its parent company, the Libertex Group, was founded. In 2012, ...

A debt crunch at Swedish property group SBB has left the European Central Bank at risk of losses and highlighted the 26 billion euro ($29 billion) exposure it built up to Europe’...

Singapore and Zurich tied for the world’s most expensive city this year, followed by Geneva, New York and Hong Kong, the Economist Intelligence Unit (EIU) said on Thursday as ...

Billionaire Elon Musk told advertisers that have fled his social media platform X over antisemitic content to “Go fuck yourself” in a fiery Wednesday interview. His profanity-laced remarks followed a ...

Cypriot startup accelerator ARIS (A Really Inspiring Space) this week announced the signing of a Memorandum of Understanding (MoU) with finance firm XM, resulting in the company becoming an official ...

Deputy Minister of Tourism Kostas Koumis embarked on a journey to Poland on Wednesday with the aim of conducting meetings and discussions with key tourism stakeholders in the country. According ...

The death of Berkshire Hathaway’s Charlie Munger heralds the end of an era, leaving Warren Buffett as the conglomerate’s lone investing legend and shining the spotlight on managers ...

Britain’s antitrust regulator said it would launch a review of loyalty scheme pricing by supermarkets, such as Tesco’s (TSCO.L) Clubcard and Sainsbury’s (SBRY.L) Nectar, to ...

British food delivery company Deliveroo (ROO.L) said it was expanding into non-food retail, betting on toys, electronics and other goods to help drive growth, after it reiterated 2023 profit guidance. ...

Saudi Arabia’s Public Investment Fund (PIF) has struck a share purchase agreement to buy a 10 per cent stake in TOPCO, the holding company of Heathrow Airport Holdings Ltd, from ...

Chevron’s call for synergies between companies regarding natural gas in Cyprus’ exclusive economic zone (EEZ) is positive, Energy Minister George Papanastasiou said on Wednesday. “Our ministry’s position has ...