Business

CarVal, an established global alternative investment manager, on Monday, increased its stake in the Bank of Cyprus to 9.07 per cent, up from the previous percentage of 8.57 per cent, through the ...

Tourism revenue reached €835.7 million in the first half of 2022, reflecting a significant increase compared to the corresponding period of 2021, according to a report released on Monday by the Cyprus Statistical ...

Russia’s First Deputy Prime Minister Andrei Belousov said inflation will come in at 12-13 per cent in 2022, below earlier expectations, as the economy looks set to defy the gloomiest ...

Western technology companies, including Ericsson ERICb.ST and Nokia NOKIA.HE, announced plans for complete exits from Russia on Monday, following Dell DELL.N last week, as the pace of ...

The message from the world’s top finance chiefs is loud and clear: rampant inflation is here to stay and taming it will take an extraordinary effort, most likely a ...

The Bank of Cyprus has had strong ties with the local society since its inception in 1899. Throughout its history, the Bank has focused on long-term sustainable practices and solutions that ...

President Joe Biden’s controversial plan to forgive up to $20,000 in student loans for tens of millions of Americans could erase the projected $300 billion deficit reduction that his hard-fought climate, ...

The world must continue to extract oil and gas in order to sustain civilisation, while also developing sustainable sources of energy, Tesla founder Elon Musk told reporters at a conference ...

A clause in a tenancy agreement referring a dispute to arbitration survives in statutory tenancy The parties in any contract, including a tenancy agreement, may include a term providing that ...

Pioneering innovators tend to share one common trait. They have a strong drive that pushes them towards seeing the state of things as they are in the present and how ...

Singapore is planning to roll out new regulations that will make it more difficult for retail investors to trade cryptocurrencies at a time when they seem to be “irrationally oblivious” ...

Oil prices rose 1 per cent on Monday, as expectations that OPEC would cut output if needed to support prices, coupled with conflict in Libya and rising demand amid soaring natural ...

The US dollar surged to a 20-year high against a basket of currencies on Monday after Federal Reserve Chair Jerome Powell signalled interest rates would be kept higher for longer ...

Panagiotis Stylianou is the Marketing Director at Mangas Home Improvement, an admittedly demanding position that requires him to be constantly alert with new and effective ideas regarding company activities or ...

With the steep increase in the cost of electricity and the uncertainty that exists, both regarding our natural gas and that coming from Russia, at very high prices, it is ...

Meme coins are an interesting product of the crypto industry because these cryptocurrencies derive their character and value from memes. Dogecoin (DOGE) and Shiba Inu (SHIB) are the most well-known ...

European Central Bank policymakers made the case on Saturday for a large interest rate hike next month as inflation remains uncomfortably high and the public may be losing trust in ...

Major Gulf stock markets ended lower on Sunday as investors in the region reacted to comments by Federal Reserve Chair Jerome Powell signalling the US economy would need tight monetary ...

Dell Technologies Inc. said on Saturday it had ceased all Russian operations after closing its offices in mid-August, the latest in a growing list of Western firms to exit Russia. ...

Suzuki Motor Corp (7269.T) will set up a global research and development company in India, its president said on Sunday, pushing deeper into a market that is set to become ...

Our organisation’s global purpose is to make an impact that matters. We aim to create better futures, by transforming organisations for a sustainable and prosperous world. “It is my ...

By Andreas Charalambous and Omiros Pissarides The socioeconomic environment has been changing rapidly. The risk of recession in the EU is increasingly becoming visible while inflation, although depicting signs of ...

As technological advancements usher in sweeping changes across the entire economy, the banking sector could not be an exception. Hellenic Bank saw the need for digital transformation in the banking ...

Sixty seven per cent of Cyprus businesses, and 55 per cent across Europe, had achieved an elementary level use of digital technology in 2021, a Eurostat report shows. Elementary level is defined ...