Business

Cyprus is attempting to lure more tourists from the Middle East but it’s proving to be an uphill battle, deputy minister for tourism Costas Koumis says. He also says ...

Binance has issued a cease and desist order to “Binance Nigeria Limited”, Binance CEO Changpeng Zhao said in a tweet on Sunday, calling the Nigerian company a “scammer entity”. Earlier ...

SVB Financial Group (SIVBQ.PK) said on Sunday it has entered into an agreement to sell its investment banking division, SVB Securities, to a group led by Jeff Leerink and ...

By Andreas Charalambous and Omiros Pissarides For more than a century, oil has retained its international position as the main source of energy, utilised, among other things, for fuelling vehicles, ...

Israel, due to estimated shortfalls in domestic electricity production in the coming years, is keen on seeing the creation of the electricity interconnector with Cyprus, Energy Minister George Papanastasiou said ...

U.S. chipmaker Intel Corp INTC.O will spend $25 billion on a new factory in Israel, Prime Minister Benjamin Netanyahu said on Sunday, calling it the largest-ever international investment in ...

The SEC’s crypto market regulation threatens many top crypto coins, as the market is treated differently from other financial markets. Recent actions from the SEC have unknowingly triggered the ...

Cardano (ADA) has recently made waves with the release of Marlowe, a groundbreaking addition to its ecosystem. However ADA, the native cryptocurrency of Cardano, has been experiencing some challenges, leading ...

Cypress Park, a distinct choice for retirement living with five-star services and facilities, is already under construction in Paphos and has been referred to by individuals who have already secured ...

Here are the top business stories in Cyprus from the week starting June 12: Cyprus-based investor Alexey Gubarev has recently become the owner of the land where Sodap’s wine factory ...

Toyota Motor (7203.T) said this week it will adopt a technology Tesla (TSLA.O) pioneered known as “Gigacasting” as part of a strategy by the Japanese automaker to improve the ...

Amazon Web Services (AMZN.O), the world’s largest cloud computing provider, is considering using new artificial intelligence chips from Advanced Micro Devices Inc (AMD.O), though it has not ...

TMS Network (TMSN) rises like a titan, seizing the crypto spotlight by raising a staggering $6 million since its coin offering event started. Its token gains of around 2000% as it enters ...

Alphabet’s Google said this week it is launching two new artificial intelligence-powered features for advertisers that will automatically find the best ad placements for brands across the tech company’...

International rating agency Fitch has affirmed Cyprus’ Long-Term Foreign-Currency Issuer Default Rating (IDR) at BBB, assigning a Stable Outlook, assuming that fiscal surpluses will continue despite economic slowdown, whereas the ...

In the current complex and volatile cryptocurrency landscape, even well-established altcoins like Filecoin, Cosmos, and Algorand have experienced significant price dips over the last week. This instability, coupled with growing ...

The European Central Bank (ECB) on Thursday raised interest rates for the eighth consecutive time, in line with market expectations, staying on a path of policy tightening, as it continues ...

The Public Debt Management Office announced this week the increase in interest rates for six-year government bonds for individual investors, starting with the third series (October) of 2023. Applications for these ...

By Maria Demertzis Using a strategy of de-risking to deal with an increasingly fragmented world makes good economic sense. President von der Leyen first launched the strategy in a speech ...

By Ioannis Tirkides Erdogan won a third term as Turkey’s president after soundly defeating his challenger Kemal Kilicdaroglu, in a run-off election on May 28, with 52.2 per cent of the ...

Shareholders of Japanese automaker Toyota rejected a resolution urging greater disclosure of its climate lobbying on Wednesday, voting down the first investor proposal to come before the automaker’s annual ...

Uber (UBER.N) said this week that it will shut its food delivery business in Italy and exit Israel, where it has not built sufficient market share. The moves were “...

The general assembly of the European Underwater Federation (EUF) will take place in Cyprus between June 17 and June 19, according to a statement released this week. The event is being organised ...

President Vladimir Putin on Friday cited positive data points to laud Russia’s economic health and said surging defence spending was needed to boost national security, as Moscow grapples with ...