Cyprus banks tighten lending criteria due to geopolitical uncertainty
The Central Bank of Cyprus (CBC) on Tuesday announced that it has recorded a tightening of lending criteria, combined with a decline in net demand for loans, during the second ...
Cyprus Business Now
A bill to regulate matters concerning start-ups and their investments is expected to be submitted to the House of Representatives within this year, according to an update received on Tuesday ...
Inside Tesla’s drive to keep Musk’s battery promise
The secret behind Elon Musk’s goal of selling 20 million Tesla’s a year by 2030 lies in its pioneering battery technology.
The good news is that by using bigger cells ...
Binance to convert users’ USDC into its own stablecoin
Binance, the world’s largest crypto exchange, said on Monday it is introducing “BUSD Auto-Conversion,” which will be used to convert any existing user balances and new deposits of USD ...
Banned US AI chips in high demand at Chinese state institutes
High-profile universities and state-run research institutes in China have been relying on a US computing chip to power their artificial intelligence (AI) technology but whose export to the country Washington ...
Unemployed persons down by 8.1 per cent year-on-year in August
An annual decrease of 1,320 persons was recorded among the unemployed, with their percentage dropping by 8.1 per cent at the end of August 2022, in comparison with August 2021. A slight increase was ...
Dream job: the Japanese man who gets paid to do nothing
Shoji Morimoto has what some would see as a dream job: he gets paid to do pretty much nothing.
The 38-year-old Tokyo resident charges 10,000 yen ($71) per booking to accompany clients ...
OPEC+ seems to want $90 crude oil. It may end up defending $50: Russell
By Clyde Russell
It’s tempting to dismiss the decision by the OPEC+ group to cut crude oil production by 100,000 barrels per day (bpd) in October as a statistical insignificance ...
EastMed pipeline to be completed by 2025
The EastMed pipeline will be fully completed by 2025, ENI Chief Operating Officer Guido Brusco said on Tuesday during an event in Milan, Italy.
The EastMed is a subsea pipeline designed ...
We should talk about the great benefits of Bitcoin Crypto!
The investment decision comes with a better plan that focuses on future events. In cryptocurrency, deep knowledge and reading ability help improve the fantastic investment. One can quickly achieve the ...
Ireland fines Instagram a record $400 mln over children’s data
Ireland’s data privacy regulator has agreed to levy a record fine of 405 million euros ($402 million) against social network Instagram following an investigation into its handling of children’s data, ...
Europe tries to shore up power firms with billions more
Finland and Switzerland provided billions in financial support to power companies on Tuesday, as Europe scrambles to secure energy supplies in a deepening crisis sparked by Russia’s move to ...
Big rate hike won’t save euro as energy shock deepens
The hit to the euro zone economy and its currency from a deepening energy crisis is so severe that more aggressive monetary tightening from the European Central Bank will do ...
How to find the most refined NFT creation platform?
NFTs are an innovative and intriguing method of representing digital assets. They can symbolize everything from gaming objects to real estate, as each is unique. However, which platform should you ...
Are 20 Baggers still possible? Analysts look at my Freedom Coin’s fundamentals
When it comes to investing in cryptocurrency, the prospect of finding a ’20-bagger’—a stock that climbs in value 20 times—is always enticing. But, given the current status of the ...
Ample world rice supplies to cushion impact of Pakistan, China crop losses
Abundant rice supplies in key exporters may largely offset an expected drop in output after floods in Pakistan and severe heatwave in China damaged crops, capping any gains in prices ...
Oil prices inch lower on symbolic OPEC+ output cut
Oil prices edged lower on Tuesday, paring gains from the previous session, as an OPEC+ deal to cut output by 100,000 barrels per day in October was seen as a largely ...
Sterling shows signs of life as Truss hints at energy relief
Sterling lifted on Tuesday as media reports offered new details on how incoming Prime Minister Liz Truss is planning to tackle Britain’s growing energy crisis.
Household bills are due ...
Volkswagen triggers landmark Porsche IPO plan, defying market doubts
Volkswagen (VOWG_p.DE) on Monday announced its intention to float sports car brand Porsche, triggering what could become one of the world’s largest listings even as record inflation ...
Credit Suisse expands in Qatar, launches tech hub
Credit Suisse (CSGN.S) will expand in Qatar via a partnership with the Gulf country’s Investment Promotion Agency (IPA Qatar), the Swiss bank said on Monday.
It will create ...
Euro plunges to new 20-year low after Russian gas halt
The euro sank below $0.99 to a new 20-year low on Monday after Russia’s halt to gas supplies down its main pipeline to Europe heightened fears about a deepening energy ...
Turkey’s inflation hits new 24-year high beyond 80 per cent
Turkey’s annual inflation climbed to a fresh 24-year high of 80.21 per cent in August, a bit below expectations according to data on Monday, after the central bank unexpectedly cut ...
OPEC+ agrees small oil production cut
OPEC and its allies led by Russia on Monday agreed a small oil production cut to bolster prices that have slid on fears of an economic slowdown.
The oil producers ...
Consumer group slams government for slow solutions to face cost of living crisis
The island’s consumer and quality of life association on Monday criticised the government for failing to act decisively in an effort to ease the burden of the rapidly rising ...