Business

Household assets in financial instruments amounted to €59.7 billion at the end of December 2022, according to an announcement by the Central Bank of Cyprus (CBC) released on Tuesday. According to the ...

The Cyprus Chamber of Commerce and Industry on Tuesday announced that Winecore, a group of 15 Cypriot wineries, held its first wine dinner on April 26 at the Dionysus Mansion restaurant in ...

Euro zone banks are turning off the credit taps and a key gauge of inflation is finally falling, data showed on Tuesday, boosting the case for a smaller interest-rate increase ...

HSBC Holdings (HSBA.L) reported on Tuesday its quarterly profit tripled, beating expectations, as rising interest rates worldwide boosted the lender’s income and helped it pay a first quarterly ...

BitOasis, a Middle East-focused crypto exchange based in the United Arab Emirates, has received the first broker-dealer minimum viable product operational license from Dubai’s crypto regulator, the company said ...

Thousands of film and television writers headed to picket lines on Tuesday for their first work stoppage in 15 years, sending Hollywood into turmoil and disrupting TV production as the industry ...

Defi tokens like ARB and other well-known crypto projects are still struggling. With a recession arguably underway, mainstream economic effects are being felt in the blockchain world. People have less ...

Can inherently volatile cryptocurrencies become safe-havens? Apparently they can in some parts of the world, such as Argentina and Turkey, where soaring prices and tumbling local currencies have forced people ...

The balance of deposits in Cyprus reached €51.9 billion in March 2023, while the balance of total loans amounted to €25.1 billion, according to a report published on Tuesday by the Central Bank ...

Hermes Airports, the consortium that manages and controls the island’s two International Airports, on Tuesday released a statement welcoming Jazeera Airways to Cyprus. Jazeera Airways, a low-cost carrier based ...

Since the establishment of Bitcoin (BTC) in 2009, it has revolutionized the finance industry and paved the way for the establishment of altcoins such as Avalanche (AVAX), Chainlink (LINK), and most ...

Cyprus has been identified as a “potential rising star” for the rise of its credit rating in the investment category, according to a report released on Monday by global rating ...

Qatar Airways could expand its number of destinations to more than 255 from 170 currently under plans for rapid growth, but its ability to do so depends on the delivery of additional ...

TMS Network’s (TMSN) token has experienced an incredible 1600% price increase, leaving other Layer 2 solutions such as Polygon (MATIC) and Arbitrum (ARB) behind. This meteoric rise has garnered attention from ...

The goal is to increase tourism flow to the island by five to 10 percent compared to 2022, Deputy Minister for Tourism Costas Koumis said on Tuesday. Speaking on CyBC’s morning ...

Morgan Stanley (MS.N) is planning to eliminate about 3,000 jobs in the second quarter, a source told Reuters on Monday, in its second round of job cuts in six months. ...

Inflation in the euro area is too high for comfort, meaning markets expect the European Central Bank to deliver its seventh straight interest rate hike on Thursday. With some stability ...

Currencies were in limbo on Monday as holidays in most of Asia made for thin trading, while traders braced for a packed week of central bank meetings that would offer ...

Hollywood writers and the film and television studios are racing to agree to a new contract to replace the one that expires at 11:59 p.m. Pacific time Monday. If they ...

JPMorgan Chase & Co (JPM.N) will buy most of First Republic Bank’s (FRC.N) assets in a last-ditch rescue led by US regulators, marking the third major US ...

Italy’s right-wing government on Monday approved measures to boost job creation and workers’ pay, amid hostile reactions from unions and opposition parties over accompanying welfare cuts and looser rules ...

The U.S. Treasury Department is encouraged that First Republic Bank FRC.N was resolved with the least cost to the Deposit Insurance Fund, and believes the U.S. banking ...

JPMorgan Chase & Co JPM.N said on Monday it will buy most of First Republic Bank’s FRC.N assets after regulators seized the troubled lender at the weekend, ...

There is an evident keen interest in installing photovoltaics on roofs or elsewhere, and based on the government subsidy programme, photovoltaic systems operate by offsetting the electricity produced and consumed. ...