Business

By Hadeel Al Sayegh and Maha El Dahan Saudi Arabian oil giant Aramco 2222.SE on Sunday reported a record annual net profit of $161.1 billion for 2022, up 46% from the year earlier, ...

Tesla (TSLA.O) will eliminate the use of rare earths in its next-generation electric vehicles (EV). The big reveal at the company’s investor day last week caused a sell-off ...

Bitcoin, the first decentralized digital currency, has been around for over a decade. However, the question remains, is Bitcoin still in its infancy? The problem led the group to understand ...

Jinichi Abe grins as he watches diggers working earth near his rice fields, knowing they are returning still more fields to productivity after Fukushima nuclear reactors exploded and sprayed the ...

Fish farming can make food supplies more stable while itself becoming more sustainable, according to researchers in Hungary and Norway. By Pieter Devuyst Attention seafood lovers! Gabor Hetyey strongly recommends ...

Bitcoin is the core of Cryptocurrency and is known for its market cap, while it has been through several cycles of hype, adoption, and rejection. The most recent of these ...

Nissan on Thursday said it will overhaul its approach to powertrains for all-electric and hybrid petrol-electric vehicles as it aims to bring hybrid prices in line with those of petrol-powered ...

Startup-focused lender SVB Financial Group SIVB.O became the largest bank to fail since the 2008 financial crisis on Friday, in a sudden collapse that roiled global markets, left billions of ...

International rating agency Fitch, has upgraded Cyprus’ long-term credit rating by one notch to ‘BBB’ with a stable outlook citing, outperformance of fiscal balance and growth rate as the economy ...

Russians were by far the largest group of foreign real estate buyers in Cyprus during the first two months of 2023, according to data from the department of lands and surveys, ...

Germany is shaping up to be an important source of tourism for Cyprus, with more than 200,000 visitors expected in 2023, according to recently-appointed Deputy Minister of Tourism Costas Koumis. Koumis visited ...

It’s not very often that a project team is able to put together a comprehensive plan that is able to target a massive global audience while also fully leveraging ...

Rising interest rates are causing shocks in the Cypriot real estate sector, with the government being called to intervene to prevent any long-term consequences, Council for Registration of Real Estate ...

Hellenic Bank this week announced that it has issued a new €200 million Tier 2 Subordinated bond under the EMTN Programme. According to the announcement, the bond was issued at its nominal ...

By Charles Ellinas On the occasion of this year’s International Women’s Day on 8 March, the results of a study by BNP Paribas published on 6 March shows that the ...

Silvergate Capital Corp (SI.N), one of the biggest banks in the cryptocurrency industry, said on Wednesday it was planning to wind down operations and liquidate voluntarily. MARKET REACTION: Shares ...

The European Union has a big role in the global economy, with a GDP of over $16 trillion. However, despite its economic power, the EU is facing tough challenges affecting its ...

California banking regulators on Friday moved quickly to close startup-focused lender SVB Financial Group SIVB.O, the largest bank failure since the financial crisis, a sudden collapse that prompted the ...

Cyprus marine technology company Marine-Fields Holding Ltd on Friday announced that it has expanded its presence in Germany through the acquisition of BM Bergmann Marine GmbH. The company said that ...

Non-profit organisation TechIsland this week announced a partnership with an annual international educational initiative for project-driven software development. TechIsland is becoming the ecosystem partner of Joint Advanced Student School(JASS), ...

The 5th CASSINI hackathon will be held later this month by the NGO organisation Citizens In Power (CIP) in Cyprus. The event, which will start on Friday, March 24 and end ...

The new Deputy Minister of Research, Innovation and Digital Policy has started to meet with various key stakeholders, including the ambassadors of Japan, Estonia and Greece. The Deputy Minister also ...

Cronos (CRO), Monero (XMR), and DigiToads (TOADS) are three of the most promising tokens on the market today. Each of these tokens has its unique set of features and benefits. ...

SVB Financial Group (SIVB.O) scrambled on Thursday to reassure its venture capital clients their money was safe after a capital raise led to its stock collapsing 60 per cent and ...