Business

European Union rules to regulate crypto assets will curb the market share of non-euro denominated stablecoins from 2024, potentially limiting EU competitiveness, industry representatives have said. Ambassadors for the 27 EU states ...

A blockchain linked to Binance, the world’s largest crypto exchange, has been hit by a $570 million hack, a Binance spokesperson said on Friday, the latest in a series of ...

Taiwanese semiconductor companies attach “great importance” to complying with the law, the island’s government said on Saturday, signalling they would comply with new US export controls that aim to ...

Turkish President Tayyip Erdogan vowed on Saturday that the central bank would continue to cut its policy interest rates every month for as long as he stayed in power, after ...

French President Emmanuel Macron said in Prague that he will meet with his Spanish and Portuguese counterparts next week to discuss the cross-Pyrenees MidCat gas pipeline project and reach a “...

European Union leaders on Friday agreed to give more financial and military aid to Ukraine, but a full day of talks in Prague’s ornate royal castle seemed to bring ...

Staunchly anti-nuclear Austria said on Friday it had followed through on a pledge to file a legal challenge to the European Union’s inclusion of natural gas and nuclear energy ...

By Maria Demertzis The aftermath of the announcement of an end-September tax-cutting plan in a bid to jump-start growth in the United Kingdom was reminiscent of the financial crisis in ...

Parliament on Thursday unanimously approved the creation of a one-stop-shop framework for ship-owning companies and their shareholders to deal, in addition to the aspects of maritime law, with all matters ...

Shocks related to the COVID-19 pandemic and the war in Ukraine mean the world is unlikely to meet a longstanding goal of ending extreme poverty by 2030, the World Bank said ...

The state budget for 2023, submitted on Thursday by Finance Minister Constantinos Petrides, has been increased by €500 million. Petrides met with House President Annita Demetriou in her office to deliver his ...

Elon Musk’s U-turn on buying Twitter Inc (TWTR.N) could not have come at a worse time for the banks funding a large portion of the $44 billion deal and ...

The Cyprus Shipping Chamber (Kne) this week announced that it supports the joint statement by European shipping industry stakeholders who call for the sequestration of shipping revenues in the Emission ...

The Economic Policy Uncertainty Index (EPU) in Cyprus surpassed all previous records in April 2022, after the Russian attack on Ukraine last February, reaching a value equal to 364.8, according to a ...

The Middle East and North Africa are the world’s fastest-growing cryptocurrency markets, with the volume of crypto received in the region jumping 48 per cent in the year to June, ...

OPEC+ agreed its deepest cuts to oil production since the 2020 COVID pandemic at a Vienna meeting on Wednesday, curbing supply in an already tight market despite pressure from the United ...

The European Union gave its final approval for a new batch of sanctions against Russia over its war against Ukraine, the bloc’s executive arm in Brussels said on Wednesday. ...

The number of registered unemployed in September 2022 increased compared to September last year, according to both actual and seasonally adjusted data, released on Wednesday by the Cyprus Statistical Service (Cystat). ...

Cash inflow in state-owned asset manager, Kedipes amounted to 115.2 million in the second quarter of 2022, down by 0.9 per cent compared with the first quarter of 2022, marking an increase of 20.9 per ...

Britain’s pound weakened against the dollar on Wednesday, ending a six-day rally, but staying well off recent lows as British Prime Minister Liz Truss spoke at the Conservative party ...

Ratings agency Moody’s on Wednesday announced that it has upgraded the Bank of Cyprus and Hellenic Bank’s long-term ratings, including their long-term bank deposit ratings to Ba2, from ...

OPEC+ looks set for deep oil output cuts when it meets on Wednesday, curbing supply in an already tight market despite pressure from the United States and other consuming countries ...

Billionaire Elon Musk is proposing to proceed with his original $44 billion bid to take Twitter Inc (TWTR.N) private, security filings showed on Tuesday, calling for an end to a ...

Financial messaging system SWIFT has laid out its blueprint for a global central bank digital currency (CBDC) network following an 8-month experiment on different technologies and currencies. The trial, which ...