Business

FTX founder Bankman-Fried secretly moved $10 billion in funds to trading firm Alameda – sources Bankman-Fried showed spreadsheets to colleagues that revealed shift in funds to Alameda – sources Spreadsheets indicated between $1 billion ...

Britain’s economy shrank in the three months to September at the start of what is likely to be a lengthy recession, underscoring the challenge for Chancellor Jeremy Hunt as ...

Finance Minister Constantinos Petrides on Friday slammed parliament’s decision to extend the foreclosures freeze, saying it ignored both the government’s and central bank’s warnings against this. Petrides ...

Cyprus’ economy is set for a “considerable slowdown” towards the end of the year due to global headwinds and persistent inflationary pressures, the EU said on Friday in its Autumn ...

Annual inflation in Ireland hit a 38-year high of 9.2% in October, up from 8.2% a month earlier after fresh electricity and gas price increases kicked in, Central Statistics Office data showed ...

October was the busiest cruise month of 2022 for DP World Limassol, as 29 cruise ships carrying over 46,000 people, berthed at the port and used its passenger terminal. Between January and October, ...

Paphos and Seville have been chosen by the EU as the 2023 European capitals of smart tourism, recognising the two cities’ outstanding achievements in smart, innovative, sustainable and inclusive tourism. The ...

Needless to say, technology has transformed businesses. Most businesses these days are now online. They have employees working remotely from different parts of the world. It helps both employers and ...

Cryptocurrency markets nursed heavy losses on Thursday, with bitcoin pinned near a two-year low as investors fretted about the fallout from the implosion of crypto exchange FTX. Larger rival Binance ...

Oberon Protocol (OBRN) is a new crypto project that wants to disrupt the venture capital and crowdfunding world. Silicon Valley has had a monopoly over investment opportunities in the next ...

Meta Platforms said on Wednesday it would cut more than 11,000 jobs, or 13% of its workforce, in one of the year’s biggest layoffs as the Facebook parent battles soaring costs ...

Wealthy countries – like poorer ones – stand to reap huge economic, social and environmental gains by swiftly ramping up renewable energy and other climate action, the new U.N. climate chief ...

Greek workers went on a day-long strike on Wednesday, demanding higher wages to cope with surging inflation, as Europe’s soaring energy prices and living costs trigger industrial action and ...

Three former PwC Cyprus partners have branched off and formed their own firm which takes on Russia-linked clients, after Russia’s invasion of Ukraine up-ended the sector in Cyprus. The ...

Officials revealed on Tuesday they plan to slash the Renewable Energy Sources (RES) charge, giving consumers some relief, although the change is not expected to impact electricity bills for several ...

A collaboration between Cyprus and Jordan on tourism was revealed on Monday night by the two countries’ ministers during a social event at London’s City Hall at the end ...

British businesses fear a gloomy Christmas ahead, as almost half of households plan to cut festive spending due to the soaring cost of living and sales are already falling sharply ...

Hermes Airports and the Ministry of Transport, Communications and Works have signed a commercial agreement for the airline incentive schemes covering the period 2022-2027. The schemes, which are available to ...

Reflect Festival, the largest technology and entrepreneurial event of its kind in Cyprus, wrapped up on Friday evening, October 21, welcoming approximately 5,000 attendees in the process, who flocked to Limassol’s ...

U.S. apparel retailer Gap Inc GPS.N has agreed to sell its Greater China businesses to Baozun Inc 9991.HK, the e-commerce service provider said on Tuesday, as headwinds persists ...

Sandbox is losing some steam as investors as metaverse competitor Meta is posting huge losses. At the same time, Flasko is attracting interest with its investment platform for vintage whiskey ...

Measures to support the euro-zone economies against soaring energy prices could complicate 2023 budget plans if they need to be extended into the spring, the region’s finance ministers said on ...

Copy trading is a way to make money online with little risk by investing in the transactions and trades of someone else. Essentially, you are paying someone else’s transaction ...

Elon Musk’s revelation that Twitter has suffered a “massive” revenue drop since he took over 10 days ago underscores the precarious nature of the social media company’s finances after ...