Business

Financial technology startups are facing lean times. Klarna set the tone last month by raising cash at an 85 per cent discount to its previous funding round. The Swedish buy-now-pay-later group ...

Deputy Minister of Tourism Savvas Perdios on Wednesday said that two major schemes are being prepared that aim to upgrade Cyprus’ tourism product. These include improving and upgrading services, with ...

A recent recovery in European shares looks set to stall and not reclaim end-2021 levels for well over a year, capped by fears of an energy supply crunch, slowing growth ...

A possible digital euro currency, which the European Central Bank is studying, could have several benefits such as facilitating cross-border payments and providing a digital monetary anchor, Finnish ECB policymaker ...

Another dramatic spike in natural gas prices appears to have ended any hopes that Europe’s inflation battle is set to ease, with financial markets now bracing for higher prices, ...

Oil prices were little changed on Wednesday as the market grappled with supply concerns amid the sanctioning of Russian shipments and the initial shock of comments that major producers would ...

Russia’s stock market will pare some of its heavy 2022 losses by the end of the year, according to a Reuters poll of ten market experts, having fallen sharply after ...

Cryptocurrencies have been at the forefront of a financial revolution that has taken the world by storm. From posting continuously rising returns to restricting control of third-party institutions in investments, ...

Egypt’s state grains buyer directly purchased 240,000 tonnes of Russian wheat on Monday, the supply ministry said in a statement to Reuters, continuing its recent trend of buying without issuing ...

External geopolitical uncertainty and soaring inflation continue to trouble the Cypriot economy, causing a decline across a number of leading economic activity variables for the second month in a row, ...

AstraZeneca may not stay in the vaccine business in the long run and is looking to buy small and mid-sized companies specialising in oncology and cardiovascular treatments, Chief Executive Pascal ...

The DeFi dream is shaken. And stirred. The grand crypto project has declined in 2022: total user funds deposited in decentralized finance has shrunk to about $61 billion from over $170 billion at ...

Cypriot company Point Nine on Tuesday announced that it has been selected as one of the 50 best companies to watch in 2022 by The Silicon Review, one of the world’s ...

Apple Inc (AAPL.O) plans to start making the iPhone 14 in India about two months after its release out of China, in a move that will narrow the gap from ...

Greenhouse gas emissions (GHG) in Cyprus have risen steadily in the past three decades from 1990 to 2020 compared to the rest of the European Union, which recorded a decline in most ...

Germany hopes Canadian liquefied natural gas (LNG) will help ease its shift away from Russian gas imports, Chancellor Olaf Scholz said on Tuesday, a day after Canada played down the ...

Norway plans to maintain its current high gas production level until the end of the decade as Europe plans to ditch Russian imports over Moscow’s invasion of Ukraine, its ...

It was meant to be Europe’s stellar year. A post-pandemic spending euphoria, supported by copious government spending was set to drive the economy and help fatigued households regain a ...

The Cyprus Fintech Summit is an international summit dedicated to the future of technological innovation in financial services. Top-tier speakers from Cyprus and abroad engage in meaningful conversations about the ...

A clutch of stocks favored by retail traders tumbled on Monday in volatile trading as news that UK-based Cineworld (CINE.L) warned of a possible bankruptcy sent AMC Entertainment Holdings’ ...

A windfall of foreign funds arriving in Turkey and sustained interest in a state-backed deposit scheme have brought some relief for President Tayyip Erdogan’s economic plan less than a ...

Zoom Video Communications Inc (ZM.O) on Monday cut its annual profit and revenue forecasts as demand for the video-conferencing platform cools off from pandemic highs amid stiff competition from ...

Oil rose on Tuesday as renewed concerns over tight supply dominated market sentiment after Saudi Arabia warned that the major oil producer could cut output to correct a recent oil ...

The Bank of Israel raised its benchmark interest rate on Monday (ILINR=ECI) by three-quarters of a percentage point, its biggest hike in two decades, and appeared on track for ...