Business

By Maria Demertzis and Josh Lipsky Central bank digital currencies (CBDCs) are becoming a reality around the world, with more than 110 countries now exploring ‘digital cash’. Of the G20 economies, 18 ...

British retail sales unexpectedly rose in May, boosted by an extra bank holiday to mark the coronation of King Charles but also suggesting most consumers were coping with high inflation’...

By Maria Eirini Liodi For a sixth year next Sunday, Platres will be embracing in style its most enduring fragrance – lavender. The mountain village’s annual lavender festival will attract 25 ...

Local voices discuss the labour and business implications of artificial intelligence By Kyriacos Nicolaou The seemingly sudden yet profound market penetration of artificial intelligence has caused tremors in both the ...

The world of blockchain technology is dynamic, and even established projects can face challenges during planned upgrades. Such was the case with DASH, a privacy-focused blockchain, which experienced a temporary ...

Here are the top business stories in Cyprus from the week starting June 19: Hellenic Bank on Friday released its financial results for the first quarter of 2023, posting a profit of €69.7 ...

For Ros Deegan, the thrill of raising $100 million to expand a biotech firm among the dreaming spires of Oxford was soon tempered: unable to find a bigger laboratory, she routinely ...

A year ahead of the Paris Olympics, flying taxi maker Volocopter wants to prove to executives at the Paris Airshow it is on track to ferry customers around the sporting ...

Lithium producers are growing anxious that delays in mine permitting, staffing shortages and inflation may hinder their ability to supply enough of the battery metal to meet the world’s ...

SoftBank Group (9984.T) Chief Executive Masayoshi Son said on Tuesday he is a “heavy user” of ChatGPT, the artificial intelligence-powered chatbot from Microsoft (MSFT.O) backed startup OpenAI. “I am ...

As Israel looks to expand its energy capacity by turning to renewables, Cyprus has pitched itself as a potential provider of such power through a subsea electricity interconnector between the ...

Amid multiple restrictions that Binance currently faces, the latest one comes from the Netherlands, forcing the exchange to cease its operations in the country. Meanwhile, investors turn to Tradecurve (TCRV), ...

AXS, the native token of a popular blockchain game, has experienced a significant decline in recent weeks following its mention by the SEC as an illegal security. This news hurt ...

The field of educational robotics in Cyprus has seen rapid growth in recent years, Panikos Masouras, Secretary of the Board of the Cyprus Computer Society (CCS) and Chairman of the ...

Davion Healthcare, a renowned medical company specialising in the design, development, manufacture, and global distribution of medical products and services, has relocated its €64 million business from the United Kingdom to ...

It’s no secret that the crypto markets have been through a whirlwind of events in the past year. While some platforms are pushing ahead with upgrades and enhancing their ...

In a move that seeks to transform the real estate industry in Greece and Cyprus, CGSoft, a leading provider of property software solutions, and Cypriot fintech firm Ask Wire, joined ...

In an encouraging sign for the Cyprus economy, the Wholesale Trade Turnover Index experienced a remarkable 11.1 per cent increase during the first quarter of 2023, according to a recent report released ...

Cardano (ADA) and Aptos (APT) are established cryptocurrencies, but their reign isn’t all that prosperous. Newer-launched cryptocurrencies are giving them a run for their money. Spectra (SPCT) is one ...

Euro zone business growth stalled this month as a manufacturing recession deepened and a previously resilient services sector barely grew, leaving the European Central Bank in a policy dilemma as ...

Japanese automaker Suzuki Motor Corp (7269.T) said on Tuesday it had reached an agreement with SkyDrive Inc to make “flying cars”. The companies will use a Suzuki Group factory in ...

Solar energy parks are sprouting up like mushrooms, House agriculture committee chair Yiannakis Gavriel said on Friday during a session on the issue after it emerged that 47 facilities had been ...

Ford Motor (F.N) is preparing for a new round of layoffs for its salaried workers in the United States, the Wall Street Journal reported on Thursday, citing people familiar ...

Cyprus Deputy Minister of Tourism Kostas Koumis this week stated that direct air connectivity between Cyprus and Kazakhstan will become possible next year. According to a statement from the ministry, ...