Business

The Russian government on Wednesday said it had approved a deal for Spain’s Inditex (ITX.MC) to sell its Russian business to a UAE-based buyer, with some of its ...

The Finance Ministry’s Public Debt Management Office on Thursday announced that the Republic of Cyprus’ newly issued ten-year Sustainable Fixed Rate Reference bond, amounting to €1 billion, garnered immense interest, ...

Oil remained on track for weekly gains on Thurday, with further production cuts targeted by OPEC+ and a drop in US oil inventories overshadowing fears over global economic growth. Brent ...

The next monetary policy decisions on European Central Bank’s interest rates will be based on the incoming data, Philip Lane, chief economist and member of the ECB’s executive ...

Global trade growth in 2023 will slow to 1.7 per cent, the World Trade Organization (WTO) said in its annual trade statistics and outlook report, published on Wednesday. The volume of world ...

For months, consumers have clamored for banks to pay out more for deposits as the Federal Reserve raised interest rates. Now analysts say after the banking crisis shook markets last ...

Being in control of your finances has always been a priority, but with the world turning digital, it’s more important than ever to find a payments solution that works ...

The cryptocurrency market has had an impressive start to 2023, with Bitcoin outperforming other established assets in Q1, breaking a 1 year record in the process. With the positive momentum for cryptocurrencies, ...

Crypto exchange Binance, which has been sued by US regulators, said this week that it is expanding services in inflation-hit Argentina, allowing users to buy and sell digital currencies directly ...

Complaints from consumers about banks and other financial firms in Germany rose by a fifth last year, official data shows, as regulators flex their muscles to shore up trust in ...

With several banks collapsing in recent weeks, and regulators intensifying their attack over cryptocurrencies, investors are looking for a safe haven. Hence, Collateral Network (COLT) has received massive investment during ...

Panagiota Polykarpou is the Co-founder of Be an Ally Foundation. Currently, she is a master’s student at the Vienna University of Economics and Business, studying Social Innovation and Management, ...

Cyprus recorded a €300 million surplus from operating and investing activities in 2022, according to the government’s fiscal report for the previous fiscal year, which was recently submitted for review to ...

Mooky token and its mission Mooky is a community-driven token that is shaking up the world of cryptocurrency with its focus on environmental sustainability. The mission of Mooky is to ...

The Association for the Protection of Borrowers (Syprodat) this week said that Cypriot banks have persisted with low deposit rates despite the ECB recently hiking the interest rate by 0.5 per ...

The House Price Index in Cyprus fell by 4 per cent during the fourth quarter of 2022, compared to the previous quarter, falling to 108.03 points, down from 112.51, according to a preliminary estimate ...

Exxon Mobil Corp’s (XOM.N) Low Carbon business has the potential to generate hundreds of billions of dollars in revenue and outperform the company’s traditional oil and gas ...

Walmart Inc (WMT.N) on Tuesday said it expects about 65 per cent of its stores to be serviced by automation by the end of its fiscal year 2026, just days after ...

The Bank of Cyprus released its Pillar 3 Disclosures on Wednesday, April 5, which contained forward-looking statements regarding the group’s future financial condition, performance, and opportunities. The public disclosure requirements of ...

Dogecoin’s Shiba Inu dog replaced Twitter’s blue bird as the social media company’s logo on Monday, helping the meme coin add as much as $4 billion to its ...

European banks are increasingly turning to bespoke deals with investors such as hedge funds to offload some of the risk on multi-billion euro loan portfolios and improve their financial strength, ...

Johnson & Johnson (JNJ.N) has agreed to pay $8.9 billion to settle tens of thousands of lawsuits alleging that talc in its iconic Baby Powder and other products caused cancer, ...

ECB executive committee member and chief economist Philip Lane met with Central Bank of Cyprus (CBC) governor Constantinos Herodotou on Wednesday, after being invited by the latter to the island ...

Alphabet Inc’s (GOOGL.O) Google released on Tuesday new details about the supercomputers it uses to train its artificial intelligence models, saying the systems are both faster and more ...