Business

Cyprus has witnessed a significant increase in the turnover of services during the second quarter of 2023 when compared to the same period in 2022. This growth has been noted across all ...

By Ioannis Tirkides The economic environment has been relatively fluid in recent weeks and months. Headline inflation has declined, while core inflation has remained uncomfortably high. In Europe, economic activity ...

Alphabet’s (GOOGL.O) Google said on Wednesday it introduced generative artificial intelligence to its Search tool for users in India and Japan that will show text or visual results ...

Cyprus’ national Fiscal Council this week called for immediate planning to gradually address the government’s debt to the Social Security Fund, amidst ongoing surplus reports in the general government ...

Cyprus experienced a decrease in acceptance deposit rates (for new placements) within its banking system during the month of July, despite consecutive increases in the European Central Bank’s (ECB) ...

The Cypriot economy experienced a notable deceleration in its growth rate during the second quarter of 2023, with GDP growth slowing to 2.1 per cent compared to the same period in 2022. This ...

Cyprus has submitted to the European Commission the revised Recovery and Resilience Plan, incorporating the REPower EU chapter with additional funds of €104 million, as well as revised timeline of landmarks, ...

By Andrey Afanasiev Embedded finance changes the way people interact with financial services. Nowadays, financial companies are the points of contact for financial services customers. For example, when we purchase ...

The European Central Bank may need to raise interest rates further, Austrian central bank chief Robert Holzmann said on Thursday, just as fresh figures showed euro zone inflation steadied in ...

A court ruling siding with Grayscale Investments is a big boost for the cryptocurrency industry’s decade-long effort to launch an exchange-traded fund that tracks bitcoin, even if it does ...

To buy back, or not to buy back. The highest US interest rates in over 20 years coupled with Wall Street’s remarkable resilience has brought an old boardroom dilemma into ...

The European Central Bank needs to measure the impact of the digital euro on the euro zone’s banking system before any final decision on its potential launch, Spain’s ...

Turkey’s economy grew by a more-than-expected 3.8 per cent in the second quarter due to strong household spending, data showed on Thursday, but activity should slow through year-end as election-related ...

Britain’s financial watchdog has stopped short of referring parts of the financial data market to the competition authority for now despite concerns over the power of large companies, it ...

Artificial Intelligence (AI) has revolutionized various industries, and debt management is no exception. With its ability to analyze massive amounts of data and make complex decisions in real-time, AI is ...

The local real estate market has also seen a surge in property sales in Larnaca The Cyprus Real Estate Registration Council this week has unveiled a comprehensive analysis of the ...

The Cyprus Borrower Protection Association (Syprodat) on Thursday said that the “serious and vigorous efforts” made by the Minister of Finance to provide relief to borrowers have been warmly welcomed ...

The City of Dreams Mediterranean casino resort is playing host to its inaugural major conference, as the three-day “M&I Europe Summer 2023” forum kicked off in Limassol earlier this ...

Global payments processors Visa (V.N) and Mastercard (MA.N) are planning to increase fees that many merchants pay when they accept customers’ credit cards, the Wall Street Journal reported ...

Marks & Spencer (MKS.L) will rejoin Britain’s FTSE 100 (.FTSE) stock index after a four-year hiatus, it was confirmed on Wednesday, capping a return to fashion for the food ...

Chinese President Xi Jinping is likely to skip a summit of G20 leaders in India next week, sources familiar with the matter in India and China told Reuters, a development ...

Bank bondholders who saw their assets wiped out in the 2013 financial meltdown said on Thursday they hope that compensation payouts can finally begin next year. They made the comments after ...

Captains of industry on Thursday called for “fast reflexes and bold decisions” on the part of the government to head off alarming trends in the economy – especially the costly transition ...

Russia, one of the world’s biggest oil producers, has faced shortages of fuel crucial for gathering the harvest in some parts of its southern breadbasket and the situation may ...