Euro zone economic sentiment falls more than expected in August
Euro zone economic sentiment fell more than expected in August, data showed on Tuesday, dragged lower by a drop in optimism in industry and in services despite a better mood ...
China pledges to lift economy with stable employment, prices in H2
China will step up measures to boost demand and stabilise employment and prices in the second half of the year to optimise economic outcomes, the country’s finance ministry said ...
Surging energy prices create perfect storm for UK bonds
British government bonds are on course for their biggest monthly fall since 1994, as surging energy prices create a perfect storm of higher inflation, tighter monetary policy and the prospect of ...
Oil edges down as inflation expected to impact fuel demand
Oil prices dipped on Tuesday, paring some gains from the previous session, as the market feared that more aggressive interest rates hikes from central banks may lead to a global ...
Chronoly.io (CRNO) could outperform DeFi tokens like Curve DAO (CRV) and Aave (AAVE)
The collapse of Terra and its stablecoin TerraUSD Classic (USTC) in May, sent the entire DeFi market into a tailspin. Over the last 3 months, the total value locked in DeFi ...
Honda Motor, LG Energy to build $4.4 bln US EV battery plant
Japan’s Honda Motor Co (7267.T) will build a new $4.4 billion lithium-ion battery plant for electric vehicles in the United States with Korean battery supplier LG Energy Solution Ltd (373220.KS), ...
Big Eyes Coin expected to rise above coins like Avalanche and Uniswap
The state of the crypto market is experiencing one of the worst crashes that have plagued the industry. In normal financial conditions, the industry would be deemed dead, but community ...
Uncollected taxes in Cyprus estimated at €2 billion
A number of loopholes and weaknesses in how rules are enforced have resulted in the delay of millions of euros in taxes being collected, according to a report released this ...
Ericsson to wind down business activities in Russia over coming months
Ericsson (ERICb.ST) said on Monday it will gradually wind down business activities in Russia over the coming months as the Swedish telecoms equipment maker completes its obligations to customers.
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Cyprus Business Now
CarVal, an established global alternative investment manager, on Monday, increased its stake in the Bank of Cyprus to 9.07 per cent, up from the previous percentage of 8.57 per cent, through the ...
Tourism revenue exceeds €800 million in first half of the year
Tourism revenue reached €835.7 million in the first half of 2022, reflecting a significant increase compared to the corresponding period of 2021, according to a report released on Monday by the Cyprus Statistical ...
Russia’s inflation will be 12-13 per cent in 2022, Kremlin aide says
Russia’s First Deputy Prime Minister Andrei Belousov said inflation will come in at 12-13 per cent in 2022, below earlier expectations, as the economy looks set to defy the gloomiest ...
More western tech companies set out Russian exit plans
Western technology companies, including Ericsson ERICb.ST and Nokia NOKIA.HE, announced plans for complete exits from Russia on Monday, following Dell DELL.N last week, as the pace of ...
Pain of breaking inflation will reverberate around the globe
The message from the world’s top finance chiefs is loud and clear: rampant inflation is here to stay and taming it will take an extraordinary effort, most likely a ...
Bank of Cyprus – Beyond Banking: A vision for a sustainable and inclusive future
The Bank of Cyprus has had strong ties with the local society since its inception in 1899. Throughout its history, the Bank has focused on long-term sustainable practices and solutions that ...
Biden’s student loan forgiveness may erase savings of climate, drugs law
President Joe Biden’s controversial plan to forgive up to $20,000 in student loans for tens of millions of Americans could erase the projected $300 billion deficit reduction that his hard-fought climate, ...
Musk says the world still needs oil and gas
The world must continue to extract oil and gas in order to sustain civilisation, while also developing sustainable sources of energy, Tesla founder Elon Musk told reporters at a conference ...
An arbitration clause survives in statutory tenancy
A clause in a tenancy agreement referring a dispute to arbitration survives in statutory tenancy
The parties in any contract, including a tenancy agreement, may include a term providing that ...
Influencers who are pioneering the world’s most important innovations
Pioneering innovators tend to share one common trait. They have a strong drive that pushes them towards seeing the state of things as they are in the present and how ...
Singapore says retail investors ‘irrationally oblivious’ to crypto risks, plans tougher rules
Singapore is planning to roll out new regulations that will make it more difficult for retail investors to trade cryptocurrencies at a time when they seem to be “irrationally oblivious” ...
Oil climbs on prospect of OPEC supply cut, demand growth
Oil prices rose 1 per cent on Monday, as expectations that OPEC would cut output if needed to support prices, coupled with conflict in Libya and rising demand amid soaring natural ...
Dollar hits 20-year high as Fed flags higher rates for longer
The US dollar surged to a 20-year high against a basket of currencies on Monday after Federal Reserve Chair Jerome Powell signalled interest rates would be kept higher for longer ...
Panagiotis Stylianou: Marketing Director at Mangas Home Improvement
Panagiotis Stylianou is the Marketing Director at Mangas Home Improvement, an admittedly demanding position that requires him to be constantly alert with new and effective ideas regarding company activities or ...
Solar park potential
With the steep increase in the cost of electricity and the uncertainty that exists, both regarding our natural gas and that coming from Russia, at very high prices, it is ...