Business

Cash is losing its top spot as the euro zone’s dominant means of payment, a European Central Bank survey showed on Tuesday, in a historic shift for a part ...

The rouble plunged to its weakest level since early May past 70 against the dollar on Wednesday, taking its monthly losses to almost 14% as fears over sanctions on Russian oil and ...

To borrow from Britain’s Queen Elizabeth, 2022 is not a year on which the cryptocurrency world shall look back with undiluted pleasure. Crashes, contagion, collapses came in such quick succession ...

Between two and three trillion cubic feet (Tcf) of natural gas has been uncovered in exploratory drilling in block six of Cyprus’s exclusive economic zone (EEZ), the energy ministry ...

By George Christou Hellenic Bank CEO, Oliver Gatzke, after a two-month absence from his post, returned to the helm 10 days ago determined to deal with all pending issues facing and ...

As we gear up to close the 2022 trading year, many investors are scampering for worthy investments that guarantee high returns with less risk. Due to the high volatility of many ...

Cypriot businesses spend approximately one third of their total advertising budget on digital channels, with seven out of ten businesses estimating that they spend up to €100,000 on digital advertising, according ...

Billionaire Elon Musk said he will step down as chief executive of Twitter Inc TWTR.N once he finds a replacement, but will still run some key divisions of the ...

Hourly labour costs, which take into account the total cost incurred per hour, increased by 5.5 per cent in the third quarter of 2022, compared to the corresponding quarter of the previous ...

The Cypriot government generated a surplus of €651.4 million for the period between July and September 2022, compared to a surplus of €319.5 million in the corresponding period last year, according to a ...

British house prices look on track to drop by about 5 per cent next year, as home-buyers face higher interest rates, a squeeze on disposable income and a potential rise in ...

The pound eked out a small gain on Tuesday in thin trading ahead of the Christmas holidays, but was on track for its strongest quarterly gain against the dollar since 2009. ...

Cyprus’ coastal Pissouri and Kalopanayiotis in the mountains made it onto the UN’s ‘Best Tourism Villages’ of 2022, alongside 30 others ranging from Austria to Vietnam. The World Tourism Organisation (UNWTO) ...

“Call of Duty” maker Activision Blizzard Inc’s (ATVI.O) chief operating officer Daniel Alegre will join “Bored Ape” NFT maker Yuga Labs as its chief executive, the metaverse startup ...

The Central Bank of Cyprus (CBC) on Tuesday announced the launch of a new Innovation Hub in the field of financial technology (fintech), in an effort to encourage and support ...

The Department of Lands and Surveys (DLS) said it will modernise and update its records so that each property is assigned to its owner with their ID number. Elikkos Elia, ...

The world’s biggest crypto exchange, Binance, is battling to shore up confidence after a surge in customer withdrawals and a steep drop in the value of its digital token. ...

BlackRock (BLK.N) plans no major changes to the way it engages with companies and votes on environmental and social issues in the year ahead, despite a backlash against its ...

By Elias Hazou and Iole Damaskinos A rise in the cost of electricity is inevitable for Cyprus beginning in early February, due to the country’s reliance on electricity production ...

The outgoing government will hand over an economy built on solid foundations, as well as a state apparatus ready to respond to any unforeseen crises, President Nicos Anastasiades said on ...

The main criticism of investing in cryptocurrencies is that they are too volatile and risky. Many of the coins on the market today do not offer long-term stability and profitability. ...

South Korean battery maker LG Energy Solution (373220.KS) said on Monday it plans to invest 4 trillion won ($3.1 billion) from this year to 2026 in a facility making batteries for electric vehicles ...

With rising interest rates and limited supply putting home ownership out of reach for a growing number of people in emerging Europe, global and local real estate investors are placing ...

The Paphos Chamber of Commerce and Industry (Evep) on Monday vowed to provide training resources for SMEs and entrepreneurs, including both existing and future ones, as well as examples, best ...