Business

We are all aware of the US State Department statement on 10 January finally abandoning the East-Med gas pipeline. Predictably, that attracted most of the attention, but a key part of ...

By Zenon Papaphilippou As the Investment Funds Industry in Cyprus continues to prolifically expand and record growth, the responsibility for high standards of ethical professionalism becomes more pertinent than ever ...

Turkey’s central bank has scaled back its currency interventions in January but still spent as much as $1 billion last week to keep the lira steady after last month’s ...

Daimler AG (DAIGn.DE) will be formally renamed Mercedes-Benz Group AG on Tuesday – nearly a year after the spin-off of its truck and bus division was announced – in a move ...

Britain’s rich and poor alike are experiencing surges in inflation, official data showed on Friday, although soaring food and energy prices mean low-income households stand less chance of avoiding ...

The financial support given to companies affected by the ongoing pandemic announced by the Ministry of Finance this week seems to be financially bearable without serious consequences on public finances, ...

Many crypto pros would likely remember the story of the 2010 post on an online forum by a newbie named Virtualcoin who complained about Bitcoin being risky. Virtualcoin wrote, “If somebody’...

The Larnaca Tourism Development and Promotion Company (Etap) presented on Thursday a number of upgrades and additions to both the city and district’s tourist infrastructure for 2022. “The Larnaca tourism ...

The European Court of Auditors (ECA) said on Monday that a number of EU member states, including Cyprus, were still behind with their 5G network rollout plans. Moreover, Belgium, Bulgaria, ...

The company that owns the WeTransfer file service is cancelling its initial public offering (IPO), Europe’s first prominent tech flotation of the year, it said on Thursday, citing volatile ...

Apple Inc (AAPL.O) is planning a new service that will allow small businesses to accept payments directly on their iPhones without connecting any extra hardware such as Block Inc’...

Cyprus is becoming home to many internet entrepreneurs and business-owning expats who are attracted by both the financial advantages and relaxed Cypriot lifestyle. We spoke to the founder and CEO ...

Budget airline Wizz Air (WIZZ.L) warned its fourth-quarter loss would likely top the 213.6 million euros ($241.2 million) third-quarter hit reported on Wednesday, before an expected recovery takes off fuelled by ...

Replenished firepower and higher interest rates will give Europe’s banks an ideal opportunity this year to reverse recent underperformance and claw back market share from rivals in the United ...

Samsung Electronics said it aims to win a bigger share of the smartphone market this year with more 5G-capable models, and pointed to a possible price rebound for its flagship ...

British airline easyJet (EZJ.L) said the Omicron variant of COVID-19 was impacting its performance this quarter, but it expected to see strong demand this summer when its capacity will ...

The deputy tourism ministry announced on Wednesday 12 grant schemes that will come into effect this year as part of its national tourism strategy 2030. “The plans concern the development of special ...

The cabinet has approved a new €3 million scheme to support businesses in light of the recent restrictions imposed in some sections of the economy, Finance Minister Constantinos Petrides said on ...

Total non-performing loans (NPLs) decreased by €32 million at the end of October 2021, compared to the previous month, when total loans increased by €14 million to € 27.91 billion. According to data released on ...

Apple Inc (AAPL.O) achieved its highest-ever market share in China in the fourth quarter, when it was the top-selling vendor there for the first time in six years, research ...

Even though bitcoin activated the launch of numerous altcoins, bitcoin never failed to retain the top position in the cryptocurrency marketplace. The popularity of bitcoin is due to progressive returns ...

Bloomsbury Publishing expects annual profit and revenue to top market expectations, led by strong sales of literature across all age groups, the Harry Potter publisher said on Wednesday. The outlook ...

Oil rose to a seven-year high close to $90 a barrel on Wednesday, supported by tight supply and geopolitical tensions in Europe and the Middle East that raise concerns about further ...

One of the most thrilling and daunting events on the bitcoin network is bitcoin halving. Bitcoin halving is meant to induce the core notion of inflation in the market value ...