Business

The Cypriot economy continued its slowdown in November, carrying on with the trend of the two previous months, according to a report by the University of Cyprus Economic Research Centre ...

The Cypriot banking system incurred losses after tax of €36 million, on a consolidated basis, in the first half of 2022, compared to profits of €22.54 million in the corresponding period of 2021, according ...

The Central Bank of Cyprus (CBC) announced this week that it successfully held a one-day event in which it sought to bolster financial literacy awareness among secondary education teachers. The ...

Some of the banks that lent Elon Musk $13 billion to buy Twitter are preparing to book losses on the loans this quarter, but they are likely to do so in ...

Cyprus Airways held a press conference on Wednesday in which it presented its strategic plan for the coming five years, with CEO Paul Sies recapping the airline’s achievements and ...

Labour Minister Kyriacos Koushos appeared doubtful on Wednesday that an agreement can be reached soon with electricity authority workers after a strike threat was called off at the last moment ...

Germany’s recession will be milder than expected, with the economy expected to contract by 0.1 per cent in 2023 compared to a previous forecast of shrinking by 0.3 per cent, the Ifo ...

STEPN (GMT) has a long history of support from the cryptocurrency community. However, the STEPN hype seems to be waning with the emergence of more practical tokens – many are optimistic ...

In March this year, a new firm appeared in Turkey’s corporate registry. Azu International Ltd Sti described itself as a wholesale trader of IT products, and a week later ...

In mid-2020, FTX’s chief engineer made a secret change to the cryptocurrency exchange’s software. He tweaked the code to exempt Alameda Research, a hedge fund owned by FTX ...

Qatar posted a budget surplus of 30 billion riyals ($8.19 billion) for the third quarter of 2022, boosted by rocketing oil and gas revenues, the state news agency said on Tuesday, citing data ...

Turkey raised the euro-lira conversion rate for medicine prices by 36.77 per cent, the country’s Official Gazette said on Wednesday. “First step for solution of medicine shortage in the market ...

The Cyprus Federation of Business and Professional Women (BPW Cyprus) this week announced that it commemorated Women’s Entrepreneurship Day, observed on November 19 every year, by holding its fifth Mediterranean ...

The Paphos tourism board (Etap) this week announced that it has approved a higher budget for 2023, allowing it to implement a wider scope of actions and activities, in accordance with ...

Cyprus’ trade deficit reached €6.17 billion in the period between January and October 2022, amid a wave of price increases following the war in Ukraine, exceeding the deficit of 2021 as a whole, ...

United Airlines (UAL.O) said Tuesday it is ordering 100 Boeing (BA.N) 787 Dreamliners and 100 737 MAXs as it pushes for post-pandemic growth and replaces older, less-efficient aircraft. The Chicago-based airline’s ...

EcoXCyprus is organising a blockchain, FinTech, and Crypto meetup and Q&A with guests on Wednesday, 14th December 2022 at Diamante Blu in Limassol, Cyprus. The meetup will start at 18.30 ...

The development of the port of Larnaca will help create the conditions to attract more cruise ships to Cyprus and give more options to companies, deputy minister of shipping Vasilis ...

German automakers and Asian battery suppliers are getting together in Hungary in a multi-billion-dollar marriage of convenience to drive their electric ambitions. The companies are flocking to central Europe, where ...

The ultimate goal for the island’s tourism industry is to be ranked in the world’s top 30 countries, deputy minister of Tourism, Savvas Perdios said on Tuesday. Outlining the ...

Cyprus’s securities regulator plans to extend the suspension of the licence of FTX EU and will meet to discuss the matter next week, a spokesperson said on Tuesday. “CySEC ...

Binance, the world’s biggest crypto exchange, said on Tuesday it had “temporarily paused” withdrawals of the major stablecoin USDC. “On USDC, we have seen an increase in withdrawals,” Binance’...

Sam Bankman-Fried indicated in a Bahamas courtroom on Tuesday that he would fight extradition to the United States, hours after U.S. prosecutors accused the founder and former CEO of ...

Plucky bitcoin’s been holding steady since seeing off the chaos of the FTX collapse, gathering its strength to rally towards the dizzy heights of $30,000 in 2023. Battered bitcoin’s been ...