Business

Here are the top business stories in Cyprus from the week starting June 9: The Cypriot banking sector has undergone an impressive transformation since the 2013 financial crisis and has emerged stronger, ...

The dollar continued to lose market share as the world’s dominant currency last year but mostly smaller rivals and gold benefited rather than the euro, an ECB report showed ...

Meta Platforms (META.O) and TikTok said a European Union supervisory fee levied on them was disproportionate and based on a flawed methodology as they took their fight with tech ...

Tesla (TSLA.O) tentatively plans to begin offering rides on its self-driving robotaxis to the public on June 22, CEO Elon Musk has said, as investors and fans of the electric ...

While much of the market’s attention remains fixated on established giants like TRON (TRX), smart money appears to be moving silently. In recent weeks, whale wallets known for their ...

XRP and MATIC started off the month weak. However, they have since found their footing and are growing in line with the rest of the crypto market. Despite this growth, ...

In late April 2025, the SEC announced that it had delayed the XRP ETF decision until June 17, 2025. Franklin Templeton has over $1.5 trillion in assets under management and is one of the ...

Taxation is perhaps the ultimate political act in a democratic society. It’s not just about raising revenue and spending it; it’s also about the kind of society we ...

Concern for employees led to the safeguarding of their rights in the event of a transfer of an undertaking, establishment or part of an undertaking to another employer, as a ...

The Finance Ministry on Friday published its strategic fiscal policy framework for the period 2026 to 2028, forecasting stable economic growth and a steady decline in public debt over the next four ...

Walt Disney (DIS.N) and Comcast’s (CMCSA.O) Universal filed a copyright lawsuit against Midjourney this week, calling its popular AI-powered image generator a “bottomless pit of plagiarism” for ...

Nvidia (NVDA.O) will build its first artificial intelligence cloud platform for industrial applications in Germany, CEO Jensen Huang said this week at the VivaTech conference in Paris. The technology, ...

The rush of financial firms setting up in Abu Dhabi to tap the oil-rich emirate’s wealth funds and Middle East markets will continue at pace, the official in charge ...

Limassol-based gaming company Nice Plans Studio announced this week that it raised $3 million in a new funding round to support the development and scaling of its upcoming mobile shooter, Ricochet ...

Cardano (ADA) is clinging to a vital support level at $0.6728, signaling potential for a bullish surge toward $1.5. This resilience sparks excitement among investors eyeing the best crypto to buy now.  ...

Fartcoin (FARTCOIN) is surging, climbing 22% to $1.26 on June 10, 2025, with its market cap now exceeding $1.23 billion. This altcoin has overtaken Dogwifhat in rankings, fueled by Coinbase’s upcoming perpetual futures listing ...

Ethereum’s (ETH) value is climbing 7.41% to $2,668 thanks to busy activity in staking and a variety of DeFi projects. The lively ETH/BTC trading pair found on Binance proves that ...

Officials from the Central Bank of Cyprus (CBC) met with counterparts from the central banks of Lithuania and the Netherlands on Thursday and Friday. The meeting allowed for the exchange ...

Over 350 senior delegates from more than 30 countries gathered in Athens this week for the high-level ‘Shaping the Future of Shipping Summit’. The event was jointly hosted by the Ministry of ...

Fuel prices are expected to rise sharply as a result of escalating tensions in the Middle East, chairman of the association of petrol station owners Savvas Prokopiou said on Friday. “...

The Finance Ministry on Friday published its strategic fiscal policy framework for the period 2026 to 2028, forecasting stable economic growth and a steady decline in public debt over the next four ...

Tourism revenue in Cyprus reached €129.4 million in March 2025, marking a 14.5 per cent increase compared with the same month last year (€113.0 million), according to a report released by the statistical service ...

AstroBank on Friday announced that it will pay interest and proceed with the early redemption of two of its senior preferred bonds on June 30, 2025. The bonds in question include one ...

The value of wholesale trade and motor vehicle-related activities in Cyprus continued to rise in the first quarter of 2025, according to data released on Friday by the state statistical service. ...