Business

Italy plans to set aside more than 4 billion euros ($4.5 billion) until 2030 to boost domestic chip manufacturing and support innovative technologies, a draft decree seen by Reuters showed on Tuesday. The ...

By Marilena Evangelou & Yiannis Seitanidis The imposition of severe economic sanctions in Russia has made the daily life of those Cypriots who are in the country for work or ...

Many people start reading about Bitcoin to learn about it and hear people referring to cryptocurrency as a religion. In fact, some promoters of Bitcoin claim that they are Friars, ...

A number of Ukraine-based companies have expressed an interest in headquartering their business in Cyprus, according to the Employers and Industrialists Federation (Oev). Speaking to news outlet Stockwatch, Oev’s ...

Concerns are rising about the effect cryptocurrency is having on the environment. Most people find that shocking because it’s a digital currency. However, the blockchain has a poor sustainability ...

Many companies throughout the world are using digital assets for operational, investment, and transactional purposes. While there are unknown dangers, as with all new frontiers, companies have many strong incentives. ...

Crypto exchange Binance is blocking the accounts of any Russian clients targeted by sanctions, it told Reuters on Monday, but will not freeze the accounts of others after Ukraine called ...

The Swiss-based company which built the Nord Stream 2 gas pipeline from Russia to Germany is considering filing for insolvency, two sources familiar with the situation said, as it attempts to ...

Mortgage approvals in Britain struck a six-month high in January, according to official data on Tuesday that showed demand in the housing market remained strong despite the end of pandemic ...

Shell (SHEL.L) will exit all its Russian operations, including a major liquefied natural gas plant, it said on Monday, becoming the latest major Western energy company to quit the ...

Russian President Vladimir Putin and Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahyan, in a phone call on Tuesday, discussed the OPEC+ oil deal and pledged to continue coordination ...

US payment card firms Visa Inc V.N and Mastercard Inc MA.N have blocked multiple Russian financial institutions from their network, complying with government sanctions imposed over Moscow’s ...

‘We help businesses with their transition and transformation embracing and applying efficient sustainability practices. We provide legal support and technical expertise in the major aspects of ESG factors, effectively leading ...

Turkey’s economy bounced back from the COVID-19 pandemic to grow 11 per cent last year, its highest rate in a decade, but economists see a sharp slowdown this year as ...

Amazon Web Services, a subsidiary of Amazon providing on-demand cloud computing services, announced on Monday that it will launch an AWS Local Zone in Athens, Greece, The new Local Zone ...

Cyprus’ cash reserves exceed the financing needs for 2022, the Public Debt Management Office said on Monday. In its February bulletin, the office explained that general government debt at the end ...

Cyprus’ government deficit fell to €409.1 million or 1.8 per cent of GDP in 2021 in 2021, primarily due to the impressive 16 per cent increase in revenues, according to a preliminary report released by ...

Cyprus has been named in an internal lending scam and money laundering scandal involving Ukrainian lender Privatbank, nationalised in 2016. In a case filed with the District Court, Southern District of ...

The transport ministry announced on Monday it reached an agreement with the companies running the commercial activities at Limassol port to significantly reduce their freight and handling fees after lengthy ...

Main opposition Akel have hammered the government over its decision to shutter Tanzania-based FBME bank some seven years ago, following a court ruling here last week that said the decision ...

Any sanctions imposed on Russia will inevitably end up impacting Cyprus’ economy as well, particularly the tourism sector, president of the Employers and Industrialists Federation (Oev) Michalis Antoniou said on ...

BP is abandoning its stake in Russian oil giant Rosneft in an abrupt and costly end to three decades of operating in the energy-rich country, marking the most significant move ...

VTB Capital last week lowered a large Russian flag at its palatial building opposite the Bank of England in London’s financial district, signalling a retreat from one of the ...

The Russian rouble slid more than 15 per cent against the dollar and euro at market opening in Moscow on Monday but central bank intervention arrested its fall, after it tumbled ...