Business

The largest internally flawless fancy vivid blue diamond ever put up for auction sold for a staggering $43.8 million at a Christie’s sale of rare jewels in Geneva on Tuesday, ...

The Bank of England on Wednesday said results of stress tests on central counterparties (CCPs) showed continued resilience at the businesses, which help clear and settle trades in financial instruments ...

The Dhekelia power station will continue to operate and will be modernised, according to a joint energy ministry and electricity authority (EAC) decision announced on Wednesday. Speaking to state broadcaster ...

Turkey’s parliament removed Coca-Cola (KO.N) and Nestle (NESN.S) products from its restaurants on Tuesday over their alleged support for Israel amid the conflict in Gaza, according to ...

Flexible workspace provider WeWork (WE.N) sought US bankruptcy protection on Monday, crippled by a large debt pile and soaring losses due to lower demand for office space from cost-conscious ...

AstroBank announced on Tuesday that, following a statement issued on September 11, 2023, regarding the potential acquisition of the Cyprus Development Bank (CDB), the two entities have failed to reach a mutual ...

The European Council recently announced changes to the EU list of non-cooperative countries for tax purposes, with several nations being removed and added to the list. These updates will have ...

Professional services firm Deloitte recently celebrated 65 years of its successful presence in Cyprus, according to an official announcement released this week. The significant milestone was commemorated during a special event ...

British house prices ended a six-month declining streak in October, but the increase reflects a shortage of properties on sale and renewed falls are likely, mortgage lender Halifax said on ...

German industrial production fell more than expected in September, data showed on Tuesday, as a recent slump in incoming orders took its toll on production. Production fell in September by 1.4 ...

Cyprus Deputy Minister of Tourism Kostas Koumis attended the prestigious World Travel Market (WTM) in London this week, bolstering Cyprus’ presence at the event, and relaying optimism about the prospects ...

The European Investment Fund (EIF) of the European Investment Bank (EIB), along with Cypriot Finance Ministry, this week announced the launch of Cyprus’ very first equity fund. According to an ...

As industrial processes become more complex and our reliance on various gases grows, the need for effective gas detection becomes increasingly evident. The consequences of failing to detect the presence ...

The uses of cryptocurrencies can range from finance to entertainment. Such is the story of Bitcoin (BTC), the pioneering crypto coin on the DeFi crypto list. This token offers more ...

The downturn in eurozone business activity accelerated last month as demand in the dominant services industry weakened further, a survey showed on Monday, suggesting there is a growing chance of ...

Energy Minister George Papanastasiou revealed on Tuesday what Cyprus’ proposal to break the deadlock with Chevron’s negotiations on the Aphrodite gas field entails. In an interview with AlphaNews, he ...

British grocery inflation has fallen below 10 per cent for the first time since July 2022, industry data showed on Tuesday, providing some relief for consumers as they enter the key Christmas ...

Italian stocks are trading at their deepest discount in 35 years compared to world shares as investors fret over the fiscal outlook in one of Europe’s most indebted economies, although ...

TLDR Aptos (APT) is looking to add changes to its asset tokenization mechanism. Analysts expect this move to boost APT’s performance. NuggetRush (NUGX) is gearing up to launch a ...

WeWork, the SoftBank Group-backed startup whose meteoric rise and fall reshaped the office sector globally, sought US bankruptcy protection on Monday after its bets on companies using more of its ...

Biofuels and their alternatives play an important role in the global shift toward renewable energy to combat climate change. In 2019, global biofuel production surged past 1,800 barrels. This marked a substantial ...

Cyprus witnessed record-breaking tourism revenue in August 2023, marking a substantial annual increase of 20.8 per cent, according to a report by the state’s statistical service. In addition, these extraordinary figures ...

Eurobank Cyprus on Monday announced that the bank recently received an award by the University of Cyprus’ Career Office, on account of its significant contribution to a project connecting universities ...

The number of registered unemployed individuals in Cyprus decreased by 17.4 per cent in October 2023, reflecting a drop of 1,951 people, compared to October 2022. According to a report released by the Cyprus ...