Business

Here are the top business stories in Cyprus from the week starting January 29: In maritime affairs, the Cyprus Shipping Chamber (Kne) announced on Monday that it is marking 35 years of ...

TLDR Arbitrum sees a drop in momentum. Bitcoin trades above $40,000, with further upside anticipated in the coming days. NuggetRush nears its launch, and analysts predict a 70x jump. The crypto ...

The global electric vehicle (EV) market is set to witness a substantial growth of 29 per cent, reaching 13.7 million units in 2023, according to the latest research from technology market analysts Canalys. ...

Despite the buzz over generative artificial intelligence last year, the technology’s impact on the advertising business of Alphabet (GOOGL.O) and Meta Platforms (META.O) is likely to be ...

Whether Amazon.com (AMZN.O) can cash in on its delivery heft by boosting fee revenue from its “Buy With Prime” service after a 2022 overhaul of its logistics network will ...

German sportswear maker Adidas (ADSGn.DE) expects operating profit to nearly double to about 500 million euros ($542.3 million) this year after the company’s break-up with Kanye West and the discontinuation ...

Italy’s data protection authority has told OpenAI that its artificial intelligence chatbot application ChatGPT breaches data protection rules, the watchdog said on Monday, as it presses ahead with an ...

The Electricity Authority (EAC) warned on Saturday of possible power outages in parts of the Larnaca, Nicosia and Famagusta districts. They said they expect the power outages to be “intermittent” ...

Terminal at Vasiliko started under a cloud of suspicion and has just got worse The writing was on the wall even before the contract for the liquified national gas (LNG) ...

Something enigmatic and thrilling is brewing in the Bitcoin Ordinals sphere, and it’s time to dive into this digital intrigue. Amidst this, Immutable and Borroe Finance ($ROE) are making ...

Youtube crypto investors often share their thoughts on the market, and Andrei Jikh is no different as he made a video deep dive on Investing in BTC ETFs following their ...

The recent dip in Bitcoin prices has done little to shake the optimism of major players. While the market experiences its familiar ebbs and flows, there’s a notable buzz ...

By Maria Demertzis Brussels has entered pre-election mode, and over the next few months, there will be a lot of talk about the priorities and objectives the new EU leadership ...

The Cyprus Chamber of Commerce and Industry (Keve) and the Cyprus Bank Association this week reached a preliminary agreement to collaborate on joint initiatives and public outreach concerning matters of ...

Cyprus experienced a modest uptick in inflation in January 2024, with a 1.7 per cent increase compared to a 1.64 per cent rise in December 2023. The annual inflation rate for January 2023 had reached 7.11 ...

Cyprus’ retail sector experienced a notable surge during 2023, with a remarkable 8.9 per cent increase in the value of turnover, according to a report released this week by the state’s ...

The launch of US exchange-traded funds (ETFs) tracking bitcoin deepens ties between the volatile world of cryptocurrencies and the traditional financial system, potentially creating unforeseen new risks, some experts say. ...

Japan’s industry ministry said on Tuesday it will offer around 45.2 billion yen ($307 million) in subsidies in an initiative to develop optical technology for use in chips to help boost ...

The Commission for the Protection of Competition (CPC) approved on Friday Eurobank’s bid to acquire Hellenic Bank’s share capital. The decision was taken with a majority vote in ...

The Cyprus Shipping Chamber (CSC) on Friday expressed its appreciation for the re-appointment of Deputy Director General Alexandros Iosifidis as a Goodwill Maritime Ambassador at the International Maritime Organisation (IMO), ...

The Association of Cyprus Tourist Enterprises (Stek) this week met with Labour Minister Yiannis Panayiotou and Deputy Minister of Tourism Kostas Koumis, discussing both the positive prospects and lingering uncertainty ...

New lending in Cyprus remained stable during 2023, a reflection of an economic environment dominated by high interest rates, which also pushed loan restructurings to historically unprecedented levels. According to a ...

The Central Bank of Cyprus issued a warning on Friday regarding an entity by the name of “Neo Business Bank”, saying it does not hold the relevant licences to operate ...

The bull market is back, and as global liquidity levels swell and faith in the dollar crumbles investors tend to chase risk assets. Cryptos are the longtail of risk assets ...