Business

Cracks are appearing in the global financial system as the decade-long era of cheap money ends, with some investors worrying the shock collapse of Silicon Valley Bank signals world markets ...

SVB Financial Group Inc’s (SIVB.O) shutdown and takeover by banking regulators on Friday can be traced to the US Federal Reserve raising interest rates and souring the risk ...

The US Federal Reserve and the Federal Deposit Insurance Corp are weighing the creation of a fund that would allow regulators to backstop more deposits at banks that run into ...

The framework cooperation programme (FCP) signed between Cyprus and Saudi Arabia to promote economic ties and investments is proof of the strong relationship between the two countries, president of Invest ...

British finance minister Jeremy Hunt said on Sunday he was working with Prime Minister Rishi Sunak and Bank of England Governor Andrew Bailey to “avoid or minimise damage” resulting from ...

By Hadeel Al Sayegh and Maha El Dahan Saudi Arabian oil giant Aramco 2222.SE on Sunday reported a record annual net profit of $161.1 billion for 2022, up 46% from the year earlier, ...

Tesla (TSLA.O) will eliminate the use of rare earths in its next-generation electric vehicles (EV). The big reveal at the company’s investor day last week caused a sell-off ...

Bitcoin, the first decentralized digital currency, has been around for over a decade. However, the question remains, is Bitcoin still in its infancy? The problem led the group to understand ...

Jinichi Abe grins as he watches diggers working earth near his rice fields, knowing they are returning still more fields to productivity after Fukushima nuclear reactors exploded and sprayed the ...

Fish farming can make food supplies more stable while itself becoming more sustainable, according to researchers in Hungary and Norway. By Pieter Devuyst Attention seafood lovers! Gabor Hetyey strongly recommends ...

Bitcoin is the core of Cryptocurrency and is known for its market cap, while it has been through several cycles of hype, adoption, and rejection. The most recent of these ...

Nissan on Thursday said it will overhaul its approach to powertrains for all-electric and hybrid petrol-electric vehicles as it aims to bring hybrid prices in line with those of petrol-powered ...

Startup-focused lender SVB Financial Group SIVB.O became the largest bank to fail since the 2008 financial crisis on Friday, in a sudden collapse that roiled global markets, left billions of ...

International rating agency Fitch, has upgraded Cyprus’ long-term credit rating by one notch to ‘BBB’ with a stable outlook citing, outperformance of fiscal balance and growth rate as the economy ...

Russians were by far the largest group of foreign real estate buyers in Cyprus during the first two months of 2023, according to data from the department of lands and surveys, ...

Germany is shaping up to be an important source of tourism for Cyprus, with more than 200,000 visitors expected in 2023, according to recently-appointed Deputy Minister of Tourism Costas Koumis. Koumis visited ...

It’s not very often that a project team is able to put together a comprehensive plan that is able to target a massive global audience while also fully leveraging ...

Rising interest rates are causing shocks in the Cypriot real estate sector, with the government being called to intervene to prevent any long-term consequences, Council for Registration of Real Estate ...

Hellenic Bank this week announced that it has issued a new €200 million Tier 2 Subordinated bond under the EMTN Programme. According to the announcement, the bond was issued at its nominal ...

By Charles Ellinas On the occasion of this year’s International Women’s Day on 8 March, the results of a study by BNP Paribas published on 6 March shows that the ...

Silvergate Capital Corp (SI.N), one of the biggest banks in the cryptocurrency industry, said on Wednesday it was planning to wind down operations and liquidate voluntarily. MARKET REACTION: Shares ...

The European Union has a big role in the global economy, with a GDP of over $16 trillion. However, despite its economic power, the EU is facing tough challenges affecting its ...

California banking regulators on Friday moved quickly to close startup-focused lender SVB Financial Group SIVB.O, the largest bank failure since the financial crisis, a sudden collapse that prompted the ...

Cyprus marine technology company Marine-Fields Holding Ltd on Friday announced that it has expanded its presence in Germany through the acquisition of BM Bergmann Marine GmbH. The company said that ...