#business

Cyprus’ Gross Domestic Product (GDP) growth rate and inflation rate are expected to reach 3 per cent, respectively, for 2023, consistent with the predictions made in May, according to a report released ...

EU manufacturers are increasingly embracing digital technologies to improve agility. By Helen Massy-Beresford A plant that makes electric shavers in the northern Dutch town of Drachten is gearing up for ...

In the 1991 film “Terminator 2: Judgment Day,” a malevolent time-traveling and shape-shifting android called T-1000 that was made of liquid metal demonstrated a unique quality. Hit with blasts or bullets, its ...

Germany plans to invest around 20 billion euros ($22.15 billion) in the semiconductor industry in the coming years, the economy ministry said on Tuesday, as it seeks to attract global chipmakers to ...

Deposits in the Cypriot banking system experienced a notable surge in June, reaching a total of €52.3 billion, with liquidity, meaning the difference between deposits and loans, in the system amounting ...

Properly training young Cypriot technology professionals is of vital importance, as they are necessary to help protect the digital assets of both public and private organisations on the island, according ...

The Central Bank of Cyprus on Friday announced that the reference interest rate for the purposes of usury has been set at 10.38 per cent for the period of July to ...

US tech giants could signal an end to the nearly year-long slowdown in their cloud businesses as signs of economic resilience encourage clients to boost technology spending, while a pickup ...

Freedom Holding Corp., in collaboration with the World Chess Federation (FIDE) and the Chess Federation of Kazakhstan, has announced the first World School Chess Tournament to be held in Kazakhstan, ...

Top central banks continued with another round of interest rate hikes this week despite cooling inflation, but have now switched to a more cautious posture about further moves in a ...

The value of Cypriot government bonds held in the Eurosystem’s portfolio, through the Public Sector Purchase Programme (PSPP) and the Pandemic Emergency Purchase Programme (PEPP), has reached €7.12 billion and ...

Euro bulls are set for an anxious summer ahead as doubts creep in over how far the ostensibly still-hawkish European Central Bank will go with interest rate rises. The euro ...

The Bank of England looks likely to raise rates by a quarter-point to 5.25 per cent on Aug. 3, though economists and markets see a risk of a repeat of June’s ...

Long before Europe faced its debt crisis, Sweden struggled through its own 1990s property crash. Now the country is preparing to use an old playbook to contain its problems. Sweden ...

Meta Platforms (META.O) executives are heavily focused on boosting retention on their new Twitter rival Threads, after the app lost more than half of its users in the weeks ...

Turkey’s new central bank chief pitched a comprehensive monetary policy in her first formal address to the media while her acknowledgment of stark inflation pressures was welcomed by foreign ...

The economic climate in Cyprus witnessed a decline in July 2023, with the Economic Sentiment Indicator (ESI) dropping by 2.7 units compared to June. According to an announcement from the Centre for ...

Alpha Bank Cyprus this week announced that it is proactively rewarding its customers who remain diligent in repaying their variable-rate housing loans. According to the announcement, in line with its ...

A Liberian-flagged oil tanker set sail in May from Russia’s Ust-Luga port carrying crude on behalf of a little-known trading company based in Hong Kong. Before the ship had ...

Sony Group Corp (6758.T) has sold more than 40 million PlayStation 5 consoles, its gaming division said on Thursday, citing the easing of supply chain problems. “It took months for supply chains ...

The investment firm of Spanish billionaire Amancio Ortega, the founder of fashion giant Inditex (ITX.MC), on Thursday reported a 2.8 billion-euro jump in the market value of its real estate ...

The Cyprus Securities and Exchange Commission (CySEC) on Thursday announced its decision to impose an administrative fine of €100,000 on Cyprus Investment Firm BDSwiss Holding Ltd. According to the relevant announcement, ...

The European Central Bank raised interest rates for the ninth consecutive time on Thursday and kept the door open to further tightening as stubborn inflation and a growing risk of ...

The tourism ties between Cyprus and China, the world’s most populous country, took centre stage at the “China-Cyprus Tourism Promotion Webinar”, which was held earlier this week. According to ...