Cyprus Business Now
Employment in Cyprus increased by 1.9 per cent in the second quarter of 2022, compared to the corresponding quarter of 2021, while actual working hours recorded a percentage increase of 5.2 per cent, according ...
Elon Musk $258 billion Dogecoin lawsuit expands
The $258 billion racketeering lawsuit accusing Elon Musk of running a pyramid scheme to support the cryptocurrency Dogecoin has expanded, adding seven new investor plaintiffs and six new defendants including his ...
Apple unveils iPhone 14 with satellite SOS, Ultra Watch for outdoors
Apple Inc (AAPL.O) introduced new iPhone 14 models capable of using satellites to send emergency messages and an adventure-focused Ultra Watch for sports like diving and triathlons.
The outdoor-focused products ...
Apple’s new iPhones, watches are coming at a tough time for consumers
Apple Inc (AAPL.O) on Wednesday is expected to unveil a new range of iPhone 14 models and Apple Watches that will test how willing consumers are to upgrade gadgets in ...
Bitcoin’s no longer the king of the swingers
Bitcoin’s been called a lot of things. Buzzy, beguiling, baffling, even bogus. But never boring.
Yet, of late, it’s been eerily subdued.
The king of the swingers has ...
Cyprus airlines reject claims of potential collapse
A story by global media company Bloomberg released on Monday, in which it claimed a Cypriot airline was in danger of collapse due to higher fuel and labour costs, has ...
Turkey’s Erdogan says ‘Europe reaping what it sowed’ on energy crisis
Turkish President Tayyip Erdogan said on Tuesday that Russia is cutting natural gas flows to Europe in retaliation for sanctions, adding that Europe is “reaping what it sowed”.
Fears in ...
Greece tells state entities to save energy or risk losing funding
Greek state entities will risk losing government funding if they fail to implement a government energy-saving plan, ministers said on Wednesday, as the country, like its European peers, struggles with ...
Lone Star considering revised offer for the Bank of Cyprus
Private equity firm Lone Star, in a statement issued on Tuesday to the London Stock Exchange, said that it is considering its options in terms of submitting a revised offer ...
Murmurs of ‘sterling crisis’ no longer fanciful
By Mike Dolan
Even though fears of another “sterling crisis” have been wide of the mark for decades, they are harder to bat away this time around as a fourth ...
Oil slides to 7-mth low on renewed demand fears, rate hike expectations
Oil prices fell more than $1 on Wednesday to their lowest since before Russia invaded Ukraine as COVID-19 curbs in top crude importer China and expectations of more interest rate hikes ...
UK heads for return to “trickle-down” economics under low-tax Truss
New British Prime Minister Liz Truss and her finance minister Kwasi Kwarteng look set to revive Margaret Thatcher’s 1980s experiment in “trickle-down” low-tax economics, the results of which have ...
Eni official’s comments on EastMed pipeline misunderstood – energy ministry
A correction was issued on Wednesday to an earlier Reuters report quoting Italian gas giant Eni’s chief operating officer (COO) as saying that the EastMed pipeline would be fully ...
Saudi GDP up 12.2 per cent in second quarter, exceeding initial estimate
Saudi Arabia’s real gross domestic product expanded by 12.2 per cent in the second quarter compared with the same period of 2021, data showed on Wednesday, as the world’s top ...
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 ...