Stay informed with the latest business and economy news from Cyprus and around the globe. This section covers key developments in finance, energy, tourism, technology, entrepreneurship and the corporate sector.
Syprodat said that borrowers are willing to renegotiate their loans but are finding it difficult
The Association for the Protection of Borrowers (Syprodat) this week said that the key to ...
The association of coastal vessels on Tuesday in a strongly worded letter appealed to the mayor of Paralimni to not to create unnecessary problems for coastal tourism.
The letter addressed ...
The top policymaker picks of Turkey’s re-elected president Tayyip Erdogan are taking centre stage as markets try to gauge whether he will change course towards economic orthodoxy or double ...
Having navigated the financial crisis of 2008, Neel Kashkari worries about systemic risks. But now, as a US monetary policymaker, he worries even more about inflation.
“I think if I had ...
Nvidia Corp (NVDA.O) said on Monday it was building Israel’s most powerful artificial intelligence (AI) supercomputer to meet soaring customer demand for AI applications.
Nvidia, the world’s ...
Boeing Co (BA.N) is working on a deal to sell at least 150 737 Max jetliners to Saudi Arabian startup Riyadh Air, Bloomberg News reported on Sunday.
The new carrier, wholly ...
Total sales of petroleum products in April registered a year-on-year drop of more than 5 per cent, according to data released by the Statistical Service on Monday.
In April 2023 total sales ...
The British government is looking at plans to have retailers cap the prices of basic food items such as bread and milk, the Telegraph reported, as the cost of such ...
Back in 2008, the financial market landscape was shaped by brokers with limited technological capabilities. The result was an unreliable trading experience that included fluctuating fee structures, execution delays, and trader ...
Turkey’s lira wobbled near record lows against the dollar as President Tayyip Erdogan secured victory in the country’s presidential election on Sunday, extending his increasingly authoritarian rule into ...
With Bitcoin (BTC) slowly falling towards $26,000, many investors are looking for alternatives that may bring a substantial return on investment (ROI). Experts believe they have located the perfect one – Tradecurve (...
The Stelios Philanthropic Foundation will this year hold its first-ever Young Entrepreneurs Award in Cyprus, it announced on Monday.
The award has been organised every year since 2008 exclusively in Greece ...
In the fast-paced world of cryptocurrencies, new players constantly emerge, vying for the spotlight and seeking to disrupt the status quo. One such contender making waves in the industry, dubbed ...
Lending is a contractual relationship based on the granting of a loan or banking facility by a banking institution to an interested borrower for a specific use. It requires an ...
By Maria Demertzis
In its spring 2023 inflation forecasts, issued on May 15, the European Commission predicted that euro-area inflation this year will be 5.8 per cent, a little higher than anticipated in ...
Twitter cannot run away from its obligations even after quitting a voluntary EU code of practice to tackle disinformation, EU industry chief Thierry Breton warned the company late on Friday.
...
Poland plans to raise the minimum wage twice in 2024 to help people cope with high inflation, Family and Social Policy Minister Marlena Malag said, as the ruling Law and Justice (...
The new targets will impact all energy sectors, including transport, heating and shipping, in addition to electricity
By Charles Ellinas
EU’s gas policies are embodied in its RePwerEU strategy: ...
Here are the top business stories in Cyprus from the week starting May 22:
Talks between the government and US energy giant Chevron appeared to move in a positive direction on ...
As medical centres increasingly come under attack from hackers, Europe is bolstering protection.
By Tom Cassauwers
Amid the Covid-19 pandemic in early 2021, the Irish healthcare system’s computers were breached ...
Nvidia Corp (NVDA.O) on Wednesday forecast second-quarter revenue more than 50 per cent above Wall Street estimates, and said it is boosting supply to meet surging demand for its artificial-intelligence ...
Unions representing teachers, truck drivers and other workers who will be headed soon to the bargaining table turned out in downtown Los Angeles on Friday to support Hollywood’s striking ...
The ‘safe’ narrative that our gas will go to Egypt for liquefaction is being turned on its head by events
As energy giants and experts gather in Nicosia on Monday, ...
Britain’s departure from the European Union has accounted for about a third of the increase in food bills for households since 2019, equivalent to about 250 pounds ($316), researchers from the London ...