#business

The US government will cut off cryptocurrency companies from the broader US economy if they fail to block and report illicit money flows, Deputy Treasury Secretary Wally Adeyemo warned the ...

Leading global IT services firm Kyndryl, which also has offices in Cyprus, this week released its technology sector predictions for 2024, spanning several key areas, including artificial intelligence, data governance, and ...

The Cyprus Securities and Exchange Commission (CySEC) on Friday announced that, in partnership with the Faculty of Economics and Management (FEM) at the University of Cyprus, it recently organised an ...

The Business Turnover Index in Cyprus displayed mixed trends across sectors in the third quarter of 2023 when compared to the corresponding period of the previous year, according to a report ...

Cyprus’ Producer Price Index in the industrial sector reported a decline of 1.7 per cent, reaching 138.4 units, for the month of October 2023, according to a report by the Cyprus Statistical Service (...

Cyprus marked its presence in one of Europe’s most significant food and beverage exhibitions, presenting its distinctive booth featuring products from eighteen Cypriot companies. According to an announcement by ...

Abu Dhabi’s Aldar Properties (ALDAR.AD) has bought London-based developer London Square for an enterprise value of 1.07 billion dirhams ($291 million) in its first acquisition outside the Middle East. “Aldar ...

Tesla (TSLA.O) started deliveries of its long-delayed Cybertruck electric pickup on Thursday, after CEO Elon Musk tempered investor expectations citing problems in ramping production of what he called a “...

Deputy Minister of Tourism Kostas Koumis on Friday said that tourist arrivals from Poland are expected to exceed 300,000 in 2024, after having conducted a number of meetings with tourism stakeholders in ...

Real estate market sees €1.4 billion in property transfers, while sales documents hit €3.3 billion The Cyprus real estate market showcased remarkable resilience amid prevailing challenges, marking impressive achievements from January to ...

A mix of global economic unease and geopolitical uncertainty means optimism is in short supply among bankers from the City of London to Frankfurt’s ‘Mainhattan’ financial district. Even rainmakers ...

A stellar rally in equities and bonds suggests market confidence is high for the world economy to reach a soft landing after a run of aggressive interest rate hikes. Yet ...

Oil prices pared losses on Friday, after falling sharply in early trade and by over 2 per cent on Thursday on perceptions that the voluntary oil output cuts agreed by OPEC+ ...

Goldman Sachs on Friday said it now expects the European Central Bank (ECB) to deliver its first interest rate cut in the second quarter of 2024, compared to an earlier forecast ...

Cyprus-based maritime technology firm Tototheo Maritime has broadened its services, announcing a substantial expansion into the land enterprise market, according to a statement released on Thursday. The move sees the ...

The leadership of the Cyprus Hoteliers Association (Pasyxe) had the opportunity to gather insights into contemporary challenges faced by the Greek hotel industry, as well as upcoming international trends and ...

The Industrial Production Index in Cyprus reached 142.9 units in September, with 2015 having been designated as the base year, reflecting a 2.5 per cent annual increase. According to a report released this ...

Eurobank Cyprus has successfully completed the certification process for its Environmental Management System, adhering to the principles of the international standard ISO 14001:2015, according to an announcement released on Thursday. This ...

The Cyprus Securities and Exchange Commission (CySEC) has seen a significant increase of 12 per cent in entities under its supervision over the last four years, according to George Karatzias, the ...

Billionaires increased in numbers and overall wealth last year, Swiss bank UBS (UBSG.S) said on Thursday, with the fortunes inherited by the newly-minted super-rich exceeding cash generated by self-made ...

Metro Bank (MTRO.L) on Thursday announced sweeping cost-cutting plans aimed at bolstering its finances, which could see the embattled British lender lay off 20 per cent of its staff and ...

OPEC+ oil producers are likely to agree output cuts of at least 1 million barrels per day (bpd) for early next year led by Saudi Arabia rolling over its voluntary additional ...

In a move set to propel the technology sector’s momentum further, Cyprus expects significant growth from the proposed modernisation of the legislative framework governing citizenships. According to InBusiness News, ...

After making hay when a summer bond rout propelled the US dollar to 10-month highs, hedge funds are now pondering what lies ahead for the greenback. The dollar, down 3.5 per ...