Business

Norway’s $1.4 trillion sovereign wealth fund, the world’s largest, posted a loss of 374 billion Norwegian crowns ($33.80 billion) in the third quarter of 2023 as all asset classes fell in value, ...

World fossil fuel demand is set to peak by 2030 as more electric cars hit the road and China’s economy grows more slowly and shifts towards cleaner energy, the International ...

Deployment of drones for smoke and fire detection to aid in early fire prevention is being considered by state representatives, academics and non-governmental organisations. The system, developed at Athalassa park, ...

Cryptocurrencies extended gains in Asia trade on Tuesday, with bitcoin rallying to an almost 18-month high on speculation that an exchange-traded bitcoin fund is imminent. Bitcoin rose more than 6 per ...

A race is on to certify battery health and performance in used electric vehicles, with a clutch of startups scrambling to help buyers figure out how much a secondhand EV ...

The Cypriot Ministry of Agriculture, Rural Development, and Environment and the Eratosthenes Centre of Excellence at the Cyprus University of Technology (Tepak) have signed a memorandum of cooperation, according to ...

The growth in demand for appetite suppressing anti-obesity drugs like Novo Nordisk’s (NOVOb.CO) Wegovy presents opportunities for food manufacturers and the market’s initially downbeat reaction may be ...

Japan’s Toyota Motor (7203.T) is lobbying the Indian government to cut taxes on hybrid vehicles by as much as one-fifth, arguing they are far less polluting than petrol cars ...

Electric vehicle brand Beyonca, backed by Renault (RENA.PA) and Dongfeng Motor (0489.HK), said on Monday that it signed an investment agreement with Riyadh-based Al Faisaliah Group Holding Company. At ...

EuroAsia Interconnector Ltd – the Cypriot company behind the mooted subsea power cable linking Greece, Israel and Cyprus – will quit the project entirely, it emerged on Monday. Industry sources moreover told ...

Cyprus Central Bank Governor Constantinos Herodotou on Monday took part in a meeting of the House Finance Committee, during which he underlined the significant uncertainties stemming from geopolitical disruptions that ...

Cypriot fintech firm Ask Wire on Monday released a report detailing the total value of the ten most expensive property sales that took place in September 2023, the result of a ...

Cyprus witnessed a significant increase in its government debt-to-GDP ratio at the end of the second quarter of 2023, rising by 2.2 percentage points from the previous quarter, to reach 85.3 per cent, ...

Asset management doValue Cyprus announced on Monday that it has teamed up with Ablebook to pioneer an initiative focused on fostering inclusivity and accessibility in Cyprus. Ablebook, a groundbreaking application ...

Crypto offers exciting opportunities for financial growth over time. However, only a few crypto coins come with the prospects of 10x gains. Nevertheless, experts are eying Cosmos (ATOM), Monero (XMR), ...

TechIsland, Cyprus’ leading tech association with over 270 members, on Monday announced the formation of a new PropTech working group. PropTech, a portmanteau of property and technology, refers to the use ...

A milestone move by the European Central Bank toward launching a digital euro within a few years means the time has come for the newest incarnation of money to prove ...

Companies are pushed to develop as a result of new technologies that disrupt their entire business models and result in the establishment of new ones. Businesses must always be on ...

The representation of another person presupposes the existence of authorisation mainly through power of attorney and the transaction carried out is valid and binding on the principal. According to the ...

Central Bank of Ireland governor Gabriel Makhlouf has arrived in Cyprus on an official visit, encompassing two meetings with Cypriot officials, according to an announcement by the Central Bank of ...

Governments should open a new front in the international clampdown on tax evasion with a global minimum tax on billionaires, which could raise $250 billion annually, the EU Tax Observatory said ...

Oil prices slid more than $1 on Monday as diplomatic efforts grew over the weekend to contain the conflict between Israel and the Palestinian Islamist group Hamas, although Gaza continued to ...

Will this be the solution to the problems of apartment buildings? By George Mouskides In order to avoid misunderstandings, we have to admit that there is currently relevant legislation regulating ...

Europe is pushing to create a network infrastructure based on quantum physics. By Jonathan O’Callaghan In May 2023, Dr Benjamin Lanyon at the University of Innsbruck in Austria took an ...