Stay informed with the latest business and economy news from Cyprus and around the globe. This section covers key developments in finance, energy, tourism, technology, entrepreneurship and the corporate sector.
The Cyprus Borrowers Association (Syprodat) this week released a statement hailing two bills ratified by the House last week as crucial for borrowers and the economy, emphasising their significance in ...
Pfizer (PFE.N) on Wednesday forecast 2024 sales that could be as much as $5 billion below Wall Street expectations, a move top executives said provided a more reliable view of its ...
Argentina’s government allowed the peso currency to plunge over 50 per cent to 801 per dollar on Wednesday as markets cautiously welcomed the first details of President Javier Milei’s plans ...
Tesla (TSLA.O) is recalling just over 2 million vehicles in the United States fitted with its Autopilot advanced driver-assistance system to install new safeguards, after a federal safety regulator said ...
The Cypriot government is expected to spend approximately €18 million on airline and travel agency incentives for the entirety of 2023, after a recent approval by the House of Representatives, as part ...
The Central Bank of Cyprus (CBC) on Thursday released a statement confirming the bank holidays for the upcoming festive season, while urging the public to plan accordingly.
According to the ...
A winding down of the post-pandemic spending frenzy is hitting European luxury companies from LVMH (LVMH.PA) to Kering (PRTP.PA), but none more than Farfetch, an e-commerce pioneer.
Founded ...
According to recent reports, Cardano has been tagged as a more decentralized network than Polygon. While both coins are top players in the crypto space, a new DeFi coin, Pullix, ...
European Union lawmakers provisionally agreed on Wednesday on a bill aimed at giving workers at online companies such as Uber and Deliveroo employee benefits, which if adopted would be a ...
Filecoin’s (FIL) collaboration with various industry participants has led to a notable positive effect on its price trajectory. Nevertheless, FIL’s price fluctuations strongly correlate with Bitcoin (BTC), increasing ...
Britain’s economy shrank in October, official data showed on Wednesday, raising the risk of a recession and testing the Bank of England’s resolve to stick to its tough ...
Britain’s payments regulator on Wednesday provisionally proposed a cap on cross-border interchange fees charged by Mastercard (MA.N) and Visa (V.N) on transactions made between the UK and ...
With Zara-owner Inditex (ITX.MC) and H&M (HMb.ST) set to disclose their most recent sales results, investors will be focused on one major question: how are the ...
The Paphos Regional Tourism Board (Etap) announced this week that it has approved its budget and action plan for 2024, with the decision having been taken during the most recent meeting ...
There was a notable upswing in government employment in November 2023, reaching a total of 54,404 individuals, marking an increase of 867 individuals, reflecting a rise of 1.6 per cent compared to the same ...
A COP28 pledge by energy majors to reduce their emissions is not enough to convince many sustainable fund managers to include the companies in their portfolios because it omits pollution ...
Netflix is set to pull ahead of Disney+ in the race for US advertising dollars next year as price hikes and a password-sharing crackdown pull more viewers to its ad-supported ...
KuCoin, one of the world’s largest cryptocurrency exchanges, has agreed to block New York users from its platform and pay $22 million to settle a lawsuit brought by the state ...
The Nicosia Regional Tourism Board (Etap) this week announced that the EduTourism initiative, which aimed at boosting educational tourism to amplify appreciation for cultural and natural heritage, concluded in November ...
Cyprus witnessed a substantial increase in imports in the period from January to October 2023, rising by €1.23 billion when compared to the same period in 2022, according to a report released this ...
British wage growth slowed more than expected in the three months to the end of October, official data showed, but pay is probably still increasing too quickly to persuade the ...
Recently, VanEck has set the crypto world abuzz with its bullish crypto predictions for 2024. Meanwhile, two tokens, The Sandbox (SAND) and Everlodge (ELDG), stand out as the potential torchbearers of ...
“Fortnite” maker Epic Games has prevailed in its high-profile antitrust trial over Alphabet’s Google (GOOGL.O), which alleged the Play app store operated as an illegal monopoly, in a ...
As the crypto landscape seeks new leaders, Solana (SOL) and Ripple (XRP) have recently seized the spotlight. On the other hand, VC Spectra (SPCT) revolutionizes the crypto sphere, establishing the ...