Business

Two newly-built Japanese cargo ships that will fly the Cyprus flag were officially named by Deputy Shipping Minister Marina Hadjimanoli during her recent trip to Japan, while more are expected ...

Banks in Cyprus and Hungary are the most profitable for shareholders, the European Banking Authority (EBA) said on Friday, regarding the risk of Eurozone banks. As of the end of ...

Microsoft (MSFT.O) on Thursday briefly overtook Apple (AAPL.O) as the world’s most valuable company for the first time since 2021 after the iPhone maker’s shares made a ...

A notable upswing in the adoption of eco-friendly vehicles was seen in 2023 Cyprus, the Cyprus Statistical Service (CSS) said on Monday. In total, passenger saloon registrations reached 36,608, a slight dip ...

Fuel prices saw a marginal decrease over the past week, contrary to expectations that accompanied the reduction in the consumption tax rates for motor fuels. The reduced tax rates, effective ...

U.S. Secretary of State Antony Blinken, French President Emmanuel Macron and key Middle East leaders are slated to attend next week’s World Economic Forum, putting talks to end ...

Sterling was little changed on Friday, not far off its highest level in five months, after data showed British growth beat expectations in November but remained subdued over the last ...

Finance Minister Makis Keravnos is in Brussels where he will participate on Monday and Tuesday in the meetings of the Eurogroup and the EU council of finance ministers (Ecofin). At ...

BlackRock (BLK.N) said on Friday it would buy Global Infrastructure Partners (GIP) for $12.5 billion in a major bet on alternative assets and announced a shake-up of its top management. ...

Crypto asset manager Bitwise said on Friday that $240 million flowed into its spot bitcoin exchange-traded fund (ETF), the most of the 10 such products that began trading on Thursday. The U....

Mercedes-Benz (MBGn.DE) launched a new virtual assistant at the CES electronics trade fair on Monday capable of providing context-based suggestions and engaging in dialogue with users, signalling another step ...

The most important thing for the real economy is to reduce non-performing loans as they have in the banking sector so the economy can function without obstacles, Finance Minister Makis ...

Bitcoin, the pioneer of cryptocurrencies, is celebrating its 15th anniversary with a significant price surge, captivating the attention of crypto enthusiasts globally. As the top crypto coin continues to make ...

Bitcoin seems to be mimicking past patterns in several charts shown by experts. Investors are preparing for a potential Bitcoin bull by investing in projects that may yield higher multiples – ...

Global hedge funds have reduced their exposure to the so-called Magnificent Seven stocks while increasing their allocation to other technology, media and telecommunications (TMT) companies, according to Morgan Stanley (MS....

Policies and lifestyles causing environmental damage and derailing economy Over the last 40 years the Cyprus government has relied increasingly on three main sources to generate economic growth, namely, property investment, ...

Bitcoin is back in the spotlight, soaring to an impressive $46,000. This resurgence, covered extensively in ‘First Mover Americas,’ isn’t just another blip on the radar. It’s a full-on ...

The European Commission and the European Investment Fund (EIF) on Friday announced the launch of a new 175 million euro ($191.57 million) fund to bolster defence and security innovation. The Defence Equity ...

Here are the top business stories in Cyprus from the week starting January 8: Cyprus pensioners are poised to experience an uplifting change in their financial circumstances. The Union of Cypriot ...

Rental firm Hertz Global Holdings (HTZ.O) is selling about 20,000 electric vehicles, including Teslas, from its U.S. fleet about two years after a deal with the automaker to offer ...

Walt Disney’s Pixar Animation Studios is set to cut jobs as the studio has completed production on some shows and now has more staff than it needs, a source ...

Citi Research on Friday lowered its Brent price forecasts for this year and 2025, citing oversupply concerns but expects prices holding above $70 per barrel in 2024 as OPEC+ keeps global oil markets “...

In Dece­mber 2023, Bitcoin (BTC) mining revenue­ skyrocketed. Miners hit the­ir highest point of the year, raking in a stagge­ring $1.51 billion. This hefty sum signifies remarkable­ earnings for ...

Spanish billionaire Amancio Ortega has bought a logistics centre in the Netherlands currently used by rival British fashion retailer Primark for 110 million euros ($121 million), his family office Pontegadea said. Ortega, ...