Business

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 ...

As the demand for efficient and scalable blockchain networks continues to grow, understanding Kusama’s role becomes paramount. In this article, we will understand Kusama’s scalability features and its ...

Cyprus Airways and Aegean Airlines this week announced their plan to work together on codeshare flights, which will start on June 20, with the aim of improving connectivity and travel options ...

As Filecoin (FIL) and ApeCoin (APE) encounter significant losses, it is Tradecurve (TCRV) that emerges with strong momentum, offering remarkable growth potential for investors. With its innovative approach, Tradecurve (TCRV) ...

The hourly labour costs in Cyprus recorded a 5 per cent increase during the first quarter of 2023, compared to the corresponding quarter of the previous year, according to a report utilising ...

Tesco (TSCO.L), Britain’s biggest retailer, said the country’s food inflation was starting to ease, signalling some relief for squeezed shoppers and the wider economy as the group ...

Salamis Lines Ltd, a member of the Salamis Organisation, announced this week that it has acquired a new container ship named “IONIA”, which has subsequently been registered in the Cypriot ...

The Turkish central bank’s net forex reserves rose some $2.5 billion from a historic low to stand at $-3.17 billion as of June 9, data showed on Thursday, as Ankara loosened ...

Cyprus has been ranked in 18th place as an attractive investment destination National investment promotion agency, known as Invest Cyprus, chairman Evgenios Evgeniou showcased Cyprus’ ambitious investment strategy during a ...