Stay informed with the latest business and economy news from Cyprus and around the globe. This section covers key developments in finance, energy, tourism, technology, entrepreneurship and the corporate sector.
A federal judge in Austin, Texas on Tuesday rejected a request by Meta Platforms Inc’s (META.O) to throw out a $175 million jury patent verdict for walkie-talkie app maker ...
In the race to go green, the public could end up facing long-term debt and restrictions on their freedom of movement
By Jean Christou
From Wednesday Cyprus will have a ...
By Les Manison
In his campaign to become President of the Republic of Cyprus Nikos Christodoulides promised that his government would be one of “broad social acceptance” and would represent ...
Turkish Cypriot ‘minister of transport and public works’ Erhan Arikli on Saturday said that a new airline based in the north will carry out its first flight on April 16.
In ...
CIMA: ‘new minister should focus on seasonality, connectivity and marketing’
The Cyprus Incentives and Meetings Associates (CIMA) has called for president-elect Nicos Christodoulides to carefully consider his appointment of a ...
Ethereum (ETH) and Polygon (MATIC) are among the most popular cryptocurrencies for investors, but there’s a new player in the game that is quickly gaining attention: RenQ Finance (RENQ).
...
Cyprus’ government debt fell to €23 billion at the end of 2022, reflecting a 3.9 per cent decrease compared to December 2021, according to a report published on Friday by the Public Debt Management ...
The head of the Cyprus association of entertainment venues (Osika) Neophytos Thrasyvoulou on Friday said that high costs and struggles with finding staff continue to be the main issues facing ...
By Ioannis Tirkides
The war in Ukraine is a cataclysmic event in both economic and political terms. It signals the return of great power politics; it marks the weaponization of ...
Mercedes-Benz (MBGn.DE) said on Wednesday it has teamed up with Google (GOOGL.O) on navigation and will offer “super computer-like performance” in every car with automated driving sensors as ...
The number of foreign visitors arriving in Turkey jumped 56.51 per cent from a year earlier to 2 million in January, tourism ministry data showed on Friday.
The arrivals compared with 1.28 million ...
Turkey’s central bank cut its main interest rate to 8.5 per cent from 9 per cent on Thursday, moving to cushion the economic impact of a devastating earthquake that killed more ...
He can’t pour tequila fast enough. Premium shots. Margaritas. Palomas. The occasional sunrise.
“We definitely run out every weekend,” says Shubham Walavalker, a 24-year-old bartender, who’s struggling to ...
Oil prices extended gains for a second session on Friday as the prospect of lower exports from Russia offset rising inventories in the United States.
Brent crude futures rose 66 cents, ...
Lebanese authorities charged longtime central bank governor Riad Salameh, his brother Raja and one of his assistants on Thursday with money laundering, embezzlement and illicit enrichment after months of delay ...
The German economy contracted more strongly than expected in the final three months of 2022, as inflation and the energy crisis took their toll on household consumption and capital investment.
The ...
Decentralized Finance (DeFi) is about creating secure, fast, and uncensored financial services like crypto lending, staking, yield farming, etc.
The world of decentralized finance is making waves and a host ...
Property investment in Larnaca is booming and it is not surprising that investors are highly interested in the city given the variety of properties available for investment and large-scale development ...
Cyprus has been ranked as one of the most social media-obsessed countries in Europe, according to a recently published study by gaming site AskGamblers.
According to the site, the study ...
NFTX (NFTX), Aave (AAVE), and Orbeon Protocol (ORBN) are three crypto projects that are committed to decorating investors’ portfolios with mouthwatering ROI. Orbeon Protocol (ORBN) is taking the lead, recording ...
The European Investment Bank (EIB) this week announced that new financing agreements signed in Cyprus for the year 2022 amounted to €250 million, with all of them relating to green projects.
In 2022, ...
Cyprus’ tourism revenue for the period between January and December 2022 is estimated to have amounted to €2.43 billion, according to a report released this week by the Cyprus Statistical Service (Cystat).
...
Sam Bankman-Fried and his co-conspirators made more than 300 illegal political donations in the United States, according to a new indictment against the FTX cryptocurrency exchange founder unsealed on Thursday in ...
Climate and human rights activists sued two of France’s biggest corporations over fossil fuel financing and alleged human rights abuses on Thursday, as campaigners increasingly turn to lawsuits to ...