Business

Samsung Electronics (005930.KS) on Wednesday said its preliminary third-quarter profit dropped by a smaller-than-expected 78 per cent, as the battered memory chip market shows early signs of recovering from a severe ...

Energy Minister George Papanastasiou on Saturday reportedly walked out of a meeting with senior officials from the Electricity Authority of Cyprus (EAC). Reports soon emerged that the all-day meeting, which ...

In a rapidly evolving global financial landscape, the role of financial institutions and fintech companies is more crucial than ever. One such company making waves in the industry is Admiral ...

The Cyprus Securities and Exchange Commission (CySEC) this week reported that the assets under management (AUM) for Management Companies and Undertakings of Collective Investments (UCIs) in the second quarter of 2023 ...

Cyprus has reported a substantial 22.1 per cent increase in the number of commercial flights during September 2023, when compared to the same month from the previous year. This report was created ...

The Business Leaders Summit, a prominent gathering of business leaders in Cyprus, is back to shed light on the major issues and challenges modern business leaders face. Organised by the ...

By Maria Demertzis The digital euro will likely be a reality in the not-so-distant future. For the European consumer, however, is still unclear what difference it will make to her ...

Britain’s financial regulator this week said it was stopping peer-to-peer platform rebuildingsociety.com from approving financial promotions for Binance and other crypto asset firms, days after Binance announced it ...

German carmaker BMW (BMWG.DE) saw group sales of its battery-electric vehicles surge by 79.6 per cent year on year in the third quarter of 2023 to 93,931 units, the company said on ...

Construction began on a new solar farm at the Nicosia general hospital on Friday. The first phase of the solar farm project is set to be completed in January, with ...

Cyprus’ decision on whether to participate in the EuroAsia Interconnector will be made immediately once the study for the project is submitted in mid-November, Energy Minister George Papanastasiou said on ...

Energy experts at a conference in Cyprus said the island has massive potential for renewables and can surpass its 2030 targets if it properly manages the upcoming challenges. The key hurdles – ...

Cyprus and Egypt are currently experiencing more immediate credit risks compared to other nations due to the Israel-Hamas conflict, according to a report by Germany-based ratings agency Scope Ratings. In ...

The north’s ‘cabinet’ approved a bill to privatise its ports on Thursday evening. The move was published in the ‘official gazette’ on Friday morning, with tenders set to be ...

Electric vehicle (EV) sales in the United States jumped to more than 300,000 for the first time in the third quarter, but industry leader Tesla’s market share slipped to the ...

Warren Buffett’s right-hand man, Charlie Munger, is a known anti-crypto investor. The controversial near-centenarian recently voiced his thoughts on Bitcoin during the annual Zoomtopia online conference. Still, the market ...

Russian crude oil producers are enjoying the cheapest costs to ship to refiners in China and India in almost a year thanks to a growing number of vessels plying the ...

Big banks in Britain are preparing for any future escalation of Western sanctions on China and have shared their “scenario planning” with the British and US governments, a senior banking ...

Oil prices were up on Friday after the US tightened its sanctions programme against Russian crude exports, raising supply concerns in an already tight market, and global inventories are forecast ...

Britain’s antitrust regulator on Friday cleared Microsoft’s (MSFT.O) acquisition of “Call of Duty” maker Activision Blizzard (ATVI.O) after the restructured deal addressed its earlier concerns. Activision ...

As Israeli children listened to their teacher over Zoom, the image of a gun-toting man in fatigues appeared on the screen, according to a screenshot shared with Reuters. In another ...

Cyprus-based Yotam Werzansky-Orland, Esq., CEO of KWO Strategy Ltd., has earned his place among the world’s top 300 innovation and intellectual property (IP) strategists, as recognised by the prestigious annual ...

Cyprus’ trade deficit for the period of January to August 2023 reached €5.8 billion, compared to €5.2 billion during the same period in 2022, according to a report released this week by the state’...

Cyprus has witnessed a notable increase in bounced cheques, with 26 such incidents totalling €276,202 reported in September 2023 alone. This concerning trend has landed 15 individuals (comprising 12 legal entities and 3 individuals) on the ...