Business

The Tax Department said on Tuesday that an amending law providing for income tax exemptions for non-residents of Cyprus has come into effect, and that the relevant tax form would ...

Oil prices rose on Tuesday as markets weighed supply cuts for August by top exporters Saudi Arabia and Russia against the backdrop of an uncertain global economic outlook. Brent crude ...

The liquidity and capitalisation of the Cypriot banking system are above the European Union average, while efforts on reducing non-performing loans are progressing well, the president of the European Banking ...

Meta Platforms (META.O) plans to launch a microblogging app, Threads, days after Twitter executive chair Elon Musk announced a temporary cap on how many posts users can read on ...

Microsoft (MSFT.O) is likely to face a European Union antitrust investigation in the coming months after remedy discussions with the EU watchdog to avert such a move appear to ...

The crypto market is gradually picking itself up from the dark winter brought on by FTX collapse in November 2022. The aftermath of the collapse affected most major cryptocurrencies. It also ...

During the peak of the Bitcoin rise, many traders hoped to ride the train to the moon, only to encounter a different market reality. Today, a new opportunity presents itself ...

British banks faced fresh criticism on Monday for the savings rates they offer to cash-strapped customers, in the latest intervention by parliament’s influential Treasury Select Committee. The committee said ...

Credit counsellors provide credit counselling to help consumers with financial problems, from budgeting, insolvency, and property purchases to debt management. Given the weight, credit counselling is as important as financial ...

State-owned Cyprus asset management company Kedipes on Tuesday announced revisions in pricing for existing restructured loans. According to a written statement, this decision arose after cumulative increases in the interest ...

Crypto fans are often extremely loyal. While many of the best investment strategies include diversifying your investments and having plenty of eggs in different baskets, it’s unavoidable that certain ...

Twitter users will soon need to be verified in order to use TweetDeck, the social media company said in a tweet on Monday. The change will take effect in 30 days, ...

Turkey’s central bank said on Monday its monetary tightening process, which it began last month with a sharp post-election rate hike, is expected to continue until a significant improvement ...

The Cyprus general government recorded a fiscal surplus of €315.1 million, equivalent to 1.1 per cent of GDP, between January and May 2023, according to a report by the state’s statistical service. ...

Startups4Peace recently launched an initiative that seeks to unite the two communities in Cyprus and empower aspiring entrepreneurs to build and expand their businesses. With its mission to bridge ...

UBS (UBSG.S) has gone on a US recruiting drive for wealth managers catering to rich Americans even as it considers culling 30 per cent of its combined global workforce after ...

The government will soon roll out its ‘Mortgage to Rent’ scheme after getting the green light from the European Commission, a senior official briefed MPs on Monday. Giorgos Panteli, permanent ...

Saudi Arabia and Russia, the world’s biggest oil exporters, deepened oil cuts on Monday, sending prices higher despite concerns over a global economic slowdown and possible further interest rate ...

Cyprus’ tourism revenue reached €217.6 million in April 2023, compared to €185.1 million in the same month of the previous year, marking a 17.6 per cent increase, according to a report by the state’...

Bond investors could be in luck for the rest of 2023 if market indicators signalling central banks will take policy tightening too far and tip their economies into recession prove accurate. ...

Golteum (GLTM) has taken the crypto market by storm with its highly successful private sale, positioning itself as a formidable contender to established cryptocurrencies like Dogecoin (DOGE) and Solana (SOL). ...

An Australian project management firm has filed a lawsuit against Twitter Inc in a US court seeking cumulative payments of about A$1 million ($665,000) over alleged non-payment of bills for work ...

Many projects struggle to navigate the challenges of the current crypto market, and Cardano (ADA) and TRON (TRX) are having it worse. However, TMS Network (TMSN)‘s undeniable momentum has ...

The reform of local government must come through its essential modernisation Local self-governing authorities that are capable of responding to their mission in the modern era, with powers and responsibilities ...