Business

By Anna Mylona and Linda Stokes In 2022, as the world emerged from the constraints of the Covid-19 pandemic only to run into the shock of the war in Ukraine, a ...

Ten years ago almost to the day, international lenders made Cyprus an offer it couldn’t refuse – close your second largest commercial bank and seize almost half of uninsured deposits ...

Here’s a summary of the top business news stories from the week starting March 13. Kedipes, the state-owned asset management company, has reported record inflows of €439 million for 2022, according to ...

European researchers are developing online tools to help small and medium-sized enterprises improve the mental health of employees. By Andrew Dunne Ask a person working in a small business how ...

PricewaterhouseCoopers said Wednesday that it will give 4,000 of its legal professionals access to an artificial intelligence platform, becoming the latest firm to introduce generative AI technology for legal work. PwC ...

New York-based quantum computer startup SEEQC said on Wednesday it has developed a digital chip that can operate at temperatures colder than outer space so it can be used with ...

Artificial intelligence can now outperform most law school graduates on the bar exam, the grueling two-day test aspiring attorneys must pass to practice law in the United States, according to ...

Tourist arrivals in Cyprus increased by 65.6 per cent year-on-year in February 2023, reaching 119,081 visitors, up from 71,921 during the same month of the previous year, according to a report released on Friday ...

The number of job vacancies in Cyprus in the fourth quarter of 2022 amounted to 7,821 in total, according to a report released this week by the Cyprus Statistical Service (Cystat). According ...

By Maria Demertzis The three Rs of regulation, reserves and (legal) recourse are crucial for the smooth functioning of financial markets. These basic underpinnings are missing in decentralised finance, or ...

Taiwanese contract manufacturer Foxconn (2317.TW) has won an order to make AirPods for Apple Inc (AAPL.O) and plans to build a factory in India to produce the wireless earphones, ...

A group of Democratic U.S. lawmakers sent a letter to regulators and the Justice Department requesting a probe into the role of Goldman Sachs Group Inc GS.N in ...

British banks are seeing a pick-up in enquiries to switch cash between institutions after the collapse of US tech lender Silicon Valley Bank, as contagion fears prompt some depositors to ...

Pause for a minute and think what life would be without things like electricity in buildings, direct water supply to every house or internet connection in every corner. Nowadays, it ...

Analysts worried that a banking crisis is still a possibility despite interventions A $30 billion lifeline for First Republic Bank (FRC.N) hosed down market fears about an imminent banking collapse ...

Nexters, an international game development company headquartered in Cyprus, this week announced that following a public statement issued by Nasdaq on March 15, trading of Nexters ordinary shares (“GDEV”) and warrants (“...

The cryptocurrency market is currently in a consolidation phase, with Bitcoin and Ethereum hovering around their respective support levels. Meanwhile, RenQ Finance (RENQ) has just announced that it has passed ...

The crypto market is always evolving, with peaks and troughs simply natural parts of the market’s fluctuations. And while there have been some hard times for certain forms of ...

The Cyprus Securities and Exchange Commission (CySEC) has released a Policy Statement, PS-01-2023, regarding the application of Regulation (EU) 2020/1503 on European Crowdfunding Service Providers for Business, and Directive DI73...

The rise in interest rates is impacting many organisations’ investment portfolios, and by extension, the economy as a whole, economist and KPMG board Tassos Yiasemides said on Thursday. “The reduction ...

Large U.S. banks injected $30 billion in deposits into First Republic Bank FRC.N on Thursday, swooping in to rescue the lender caught up in a widening crisis triggered by ...

As SVB Financial Group (SIVB.O) wrestled with a capital shortfall and the prospect of a downgrade to its credit rating last week, it went to Goldman Sachs Group Inc (...

National Bank of Greece (Cyprus) on Thursday announced that George Agioutantis has been appointed to the position of managing director and executive member of the board of directors of the ...

A major purchase by Saudi Arabia caps sales of almost 200 Dreamliners over the past four months, handing Boeing Co (BA.N) major industrial and political wins in lucrative widebody sales ...