Business

Intel Corp on Friday launched a new chip for blockchain applications such as Bitcoin mining and minting NFTs to cash in on the rising usage of cryptocurrencies. The chip will ...

Israel needs to cut red tape in traditional industries so they can boost productivity and catch up with the country’s booming high-tech sector, the head of the Organisation for ...

Saudi Arabia’s Crown Prince Mohammed bin Salman has transferred 4 per cent of Saudi Aramco (2222.SE) shares worth $80 billion to the kingdom’s sovereign wealth fund, the government said on ...

Volkswagen’s (VOWG_p.DE) supercar brand Lamborghini is looking to keep combustion engine vehicles alive beyond the end of the decade, the unit’s Chief Executive Stephan Winkelmann told ...

Billionaire investor George Soros bought nearly 20 million shares of electric truck startup Rivian Automotive Inc (RIVN.O) in the quarter ended Dec. 31, securities filings showed Friday. The 19,835,761 shares, worth about $2 ...

The New York Stock Exchange is withdrawing its mask mandate for fully vaccinated people effective immediately, a source said on Friday, after several large US banks also dropped their mask ...

Canada’s trucker protesters could not have picked a better spot to disrupt the export-driven country’s economy, or the North American auto industry, than the four-lane Ambassador Bridge between ...

Some 363 unemployed people showed up for job interviews at the Alexander The Great hotel in Paphos, the local hoteliers association head Thanos Michaelides said on Saturday, as the local industry ...

Rental values for both apartments and houses rose during the fourth quarter of the previous year, according to a report released this week by independent real estate asset management and ...

Renewable energy accounted for 37.1 per cent of the total energy used for heating and cooling in Cyprus in 2020 – the ninth highest rate in the EU and up from 19.97 per cent ...

The Bank of Cyprus on Friday announced that it has been named ‘Best Private Banking & Wealth Management Bank’ in Cyprus for 2022 after an online voting process surveying customers on ...

The transformation of banks’ business model towards digitalisation and their profitability enhancement by rationalising their cost structure, while closely monitoring the underlying risks of this transformation, are the main banking ...

By Ioannis Tirkides Occasionally, events unfold in close proximity that can be described as seminal. We call them seminal because of their significant impact. They mark a change in the ...

President Nicos Anastasiades discussed the government’s Climate Change Initiative and developments in the Cyprus problem at the ‘One Ocean’ international summit in Brest, France, on Friday. According to government ...

As a leading maritime nation, Cyprus feels responsible to accelerate the transition of shipping to a low carbon and climate-resilient industry, President Nicos Anastasiades said on Friday, addressing the One ...

Saudi Arabia and the United Arab Emirates (UAE) could help to calm volatile oil markets if they pumped more crude, the International Energy Agency (IEA) said on Friday. The UAE ...

UK’s second-largest airport Gatwick said on Friday it would reopen its south terminal next month, as it expects demand to pick up this summer, with coronavirus travel curbs having ...

Electric car maker Tesla Inc (TSLA.O) is recalling 578,607 vehicles in the United States because pedestrians may not be able to hear a required warning sound of an approaching car ...

Finance Minister Constantinos Petrides on Friday welcomed the European Commission’s forecasts for the Cypriot economy, viewing them as a validation of the country’s recovery and future prospects. In ...

The European Commission predicts a 4.1 per cent increase for the real GDP of Cyprus in 2022 and a 3.5 per cent increase in 2023, in its Winter 2022 Economic Forecast which was published on ...

Major cryptocurrency exchange Binance will make a $200 million investment in Forbes, the media company said on Thursday, as it prepares to go public via a special purpose acquisition company (SPAC). ...

Cyprus’ foreign trade showed signs of recovery in the final two months of 2021, with exports hitting €702.7 million in value during that time, while total exports surpassed €3 billion for the entire ...

Cyprus Shipping Chamber (CSC) President and ICS Vice-Chairman Themis Papadopoulos and CSC Director General Thomas Kazakos, represented the Cyprus shipping industry at the Board of Directors meeting of the International ...

Britain should levy heavier taxes on growing levels of household wealth to fund higher spending on pensions and medical treatment, the Resolution Foundation think tank said on Thursday. An older ...