Stay informed with the latest business and economy news from Cyprus and around the globe. This section covers key developments in finance, energy, tourism, technology, entrepreneurship and the corporate sector.
Microsoft (MSFT.O) said on Thursday its European Union cloud customers would be able to process and store all personal data in the region as part of a phased roll-out ...
Britain’s departure from the European Union has reduced the size of its economy by 6% so far – an annual cost of 140 billion pounds – London mayor Sadiq Khan said on Thursday, ...
Crypto markets can change fast, and investors who pivot accordingly will perform best. What was once a sure-thing now looks fickle, and nowhere is this more apparent than the rise ...
Netflix’s (NFLX.O) ad-supported tier has reached more than 23 million global active users per month, the Variety magazine reported on Wednesday, quoting the streaming giant’s advertising chief Amy ...
Commissioner of State Aid, Stella Michaelidou, approved the “RESTART 2016 – 2020 Programs for Research, Technological Development, and Innovation of the Research and Innovation Foundation.”
The total budget for this, until the end ...
The approval of Bitcoin (BTC) and Ethereum (ETH) ETFs could be the most significant development in the crypto landscape. After years of anticipation and several rejected applications, this is the ...
The hack of the U.S. Securities and Exchange Commission’s official account on X on Tuesday renewed concerns about the social media platform’s security since its takeover by ...
The European Central Bank (ECB) will cut its key interest rates sooner than it recently thought and should not wait until May to make a decision, as there are no ...
TikTok owner ByteDance said on Tuesday it is in talks with multiple prospective buyers of its gaming assets, including the world’s largest video games company, Tencent, as the Chinese ...
According to a report released by the Cyprus Statistical Service (Cystat), there was a 0.6 per cent year-on-year rise in the Home Price Index (HPI) during the third quarter of 2023. As ...
A mass departure of Russian companies from Cyprus is underway and is likely to continue, according to media reports on Wednesday.
Several major companies which had been headquartered in Cyprus ...
Cyprus housing market prices continued on an upward path in the third quarter of 2023, with apartments recording the highest increase.
The Central Bank of Cyprus (CBC) forecasted consistent growth on ...
Paphos is set to undergo a digital transformation in 2024 with the Paphos Regional Tourism Board (Etap) committing extensive funds to develop its digital presence.
Etap has announced an investment exceeding €220,000, ...
Crypto markets are ripping, institutional money is about to reprice the entire industry, and 2024 is the watershed moment for the industry. Lots of money will be made, and lots of ...
Cyprus has introduced the National Cybersecurity Certification Authority, with the primary objective of positioning it as a regional centre for cybersecurity services.
The authority, as per the announcement from the ...
Meta Platforms (META.O) said on Tuesday it would hide more content from teens on Instagram and Facebook, after regulators around the globe pressed the social media giant to protect ...
Cyprus recorded an increase in registered vehicles throughout the year 2023, according to the latest report from the Cyprus Statistical Service (CSS), Motor Vehicle Registrations. The total number of registered vehicles ...
Despite alterations in interest rates, Cypriot banks have maintained a steady pace in providing loans throughout 2023, exceeding €3 billion in total net new loans by November.
In November 2023, net new loans ...
Euro zone services activity could weaken further in the coming quarters due to rising interest rates but the impact on the sector may be more muted than on manufacturing, a ...
Will they, won’t they? U.S. regulators are keeping crypto players on the edge of their seats as they weigh whether to give their blessing to bitcoin exchange-traded funds (...
Information reported by the Cyprus Statistical Service (Cystat) shows a change in the country’s trade balance for January to November 2023, indicating a considerable increase in the deficit by €962.3 million ...
As the digital landscape evolves, bloggers navigate a world where securing their online presence becomes paramount. Enter Virtual Private Networks, or VPNs. Not just tools for privacy, they’ve evolved ...
Tiger Woods, who has worn Nike apparel since first signing with the company as a newly professional 20-year-old, has parted ways with the sportswear giant, the 15-time major champion said ...
Mediterranean Hospitality Venture (MHV) Ltd has agreed to sell 50 per cent of its stake in Aphrodite Hills Resort Limited (AHRL) to WRA Consultants Ltd, a private company registered in Cyprus.
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