Business

Cybersecurity spending continued to grow in the third quarter of 2022, with the segment expanding by 15.9 per cent year-on-year during this time, reaching a total of $17.8 billion, a report by industry ...

British annual house price growth marked a further “sharp” slowdown in December, mortgage lender Nationwide said, ending the year on a downbeat note as the impact of surging mortgage costs ...

Fidelity funds slashed the value of their Twitter stake by 56 per cent in November, according to a monthly disclosure by the investment firm released on Friday, as the social media ...

A judge has set Jan. 3 for the first pre-trial hearing in the Biden administration’s case against Microsoft (MSFT.O) over its $69 billion bid to take over “Call of Duty” ...

Euro zone wages are growing quicker than earlier thought and the European Central Bank must prevent this from adding to already high inflation, ECB President Christine Lagarde told a Croatian ...

In 2022 the Larnaca tourism board (Etap) carried out actions aimed at the quality upgrade and enrichment of the city’s tourism product and its marine protected area, it said in ...

Tourists from Switzerland, the US, Norway and Austria were the biggest spenders in Cyprus, which saw its tourism revenue for October amount to €319.8 million, figures from the statistical service revealed. ...

The outgoing year saw a number of key events in Cyprus’ economy and business world, ranging from domestic legislation to influential international incidents By Kyriacos Nicolaou Resilience amidst adverse conditions ...

The average gross monthly earnings of employees in Cyprus marked a 5.3 per cent year-on-year increase in the third quarter of 2022, according to a report released this week by the Cyprus ...

Orbeon Protocol (ORBN), Solana (SOL), and Toncoin (TON) are three cryptocurrencies that are gaining attention from investors and analysts as potential top performers in 2023. ORBN, in particular, is drawing attention ...

Global hedge funds are set to register their worst returns in 14 years in 2022 after aggressive US interest rate rises hit asset prices hard, however, their declines are overall smaller than ...

The co-founder of Russian internet giant Yandex (YNDX.O), Arkady Volozh, said goodbye in an internal message to staff on Friday ahead of a corporate restructuring that could see ownership ...

The Securities Commission of the Bahamas said on Thursday that it is holding FTX assets worth $3.5 billion based on market pricing at the time of transfer on a temporary basis ...

Cyprus provides many opportunities for investment in all areas of the business spectrum and can help strengthen India’s economic and social relations with the European Union, said Foreign Minister ...

Greek lender Eurobank Ergasias on Friday announced a new acquisition of shares in Hellenic Bank, further increasing its stake in Cyprus’ second largest lender. Eurobank S.A., a subsidiary of “...

Cyprus’ tourism revenue for the period between January and October 2022 reached 90 per cent of those recorded in 2019, despite arrivals reaching 80 per cent of those recorded during that year, according to ...

Crypto miner Argo Blockchain (ARB.L) said on Wednesday it will sell its mining facility Helios for $65 million and refinance a new asset-backed loan as it seeks to avoid bankruptcy, ...

Oil rose on Friday and was on track for a second straight annual gain in a volatile year marked by tight supplies because of the Ukraine war and weakening demand ...

President Tayyip Erdogan’s decision to allow more than 2 million Turkish workers to retire early is his latest measure to ease economic hardships in the run-up to tight elections, and ...

Egypt on Thursday lifted a key restriction on imports and approved a list of economic activities the government would leave to the private sector, in an effort to meet two ...

Association of Real Estate Agents and Entrepreneurs of Cyprus (Skek) president Andreas Kaouris on Thursday said that despite the challenges, combined with the decline in global real estate prices, Cyprus’ ...

The National Betting Authority this week announced that it recorded a 24 per cent year-on-year increase in gross betting revenue during the third quarter of 2022, generating €238.1 million, compared to €192.08 million in ...

From the moment Russian gas exports to Germany were first disrupted in June, German firm Kelheim Fibers began casting around for alternative options to keep its engines running. As a ...

Turkish locals’ forex and gold holdings dropped $5.04 billion in the week to Dec 23 when adjusted for the parity effect to stand at $194.44 billion, data from the central bank showed on ...