#business

Brazil’s central bank announced on Monday that it has decided to divide the process of regulating crypto-assets and virtual asset service providers into phases, with regulatory proposals expected by ...

Ryanair (RYA.I) CEO Michael O’Leary said on Monday that a “recessionary feel around Europe” could be a factor in slower-than-expected growth in airfares as the low-cost carrier posted ...

Deputy Minister of Research Nicodemos Damianou is scheduled to travel to Brussels today to attend an EU telecommunications ministers meeting set for Tuesday. The summit will centre on significant legislative ...

Greek lender Eurobank is preparing to sell a mixed portfolio of non-performing loans (NPLs) worth €232 million, according to its first-quarter financial statements. The portfolio includes housing, business, small business, and ...

The Nicosia Chamber of Commerce and Industry (Evel) on Monday announced the appointment of Andreas Antoniades as its new director general. According to the announcement, the decision was ratified by ...

The International Air Transport Association (IATA) recently released a global progress report on the implementation of baggage tracking, showing that European airlines lag behind in adopting the latest measures proposed ...

The Bank of Cyprus announced on Monday that it completed a new round in its share buyback programme, which was originally disclosed in April of this year, with 34,150 shares being ...

Researchers are helping residents across the EU opt for clean energy. By Helen Massy-Beresford Europe has a common goal of clean energy and numerous paths towards it. One of the ...

The day before Elon Musk fired virtually all of Tesla’s electric-vehicle charging division last month, they had high hopes as charging chief Rebecca Tinucci went to meet with Musk ...

What is missing from the Paris 2024 Olympics? A tear-jerking corporate advertising campaign from Procter & Gamble saluting the mothers of athletes. The consumer products maker, one of the world’s ...

The recent surge in bitcoin prices has the phones at crypto wallet recovery firms ringing off the hook, as retail investors locked out of their digital vaults make frantic calls ...

Here are the top business stories in Cyprus from the week starting May 13: National investment promotion agency Invest Cyprus recently showcased the country’s business and investment credentials in the ...

The European Commission could fine Microsoft if it doesn’t provide adequate information on risks stemming from generative AI features in search engine Bing by May 27. The Commission said this ...

Shares in Sony Group (6758.T) jumped 12 per cent earlier this week after the company pledged to boost shareholder returns and forecast higher annual profit with a boost from its image ...

Amazon (AMZN.O) Web Services (AWS) said this week that it plans to invest 7.8 billion euros ($8.44 billion) in Germany through 2040 as it builds a cloud computing infrastructure specifically for Europe. ...

The harmonised inflation rate in Cyprus increased by 2.1 per cent in April 2024 compared to the same period the previous year, according to the Cyprus Statistical Service. Official data showed that ...

Deputy Minister of Tourism Kostas Koumis on Friday said that tourist arrivals for the first four months of 2024 indicate that the island can achieve its goals for the year, despite ...

By Maria Demertzis Exactly a year ago, I wrote about the process of de-dollarisation. Following the Russian invasion of Ukraine in 2022, G7 currencies lost some of their international attraction because ...

The use of artificial intelligence in finance is still in its infancy but it needs to be monitored and possibly regulated to prevent harm to consumers and ensure the proper ...

Deputy Minister of Tourism Kostas Koumis on Friday said that tourist arrivals for the first four months of 2024 indicate that the island can achieve its goals for the year, despite ...

Tourist arrivals to Cyprus in April 2024 amounted to 333,563, marking a decline of 2.7 per cent from 342,736 in April 2023, according to data released on Friday by the Cyprus Statistical Service (Cystat). Over ...

Cypriot banks are well-capitalised and have shown a remarkable reduction in non-performing loans (NPLs), stated Claudia Buch, the new Chair of the Single Supervisory Mechanism (SSM). However, she urged caution ...

Bank of Cyprus Group CEO Panicos Nicolaou described 2023 as a milestone year for the organisation, as it became the first bank in Cyprus and Greece to secure approval from the ...

The Research & Innovation Foundation (RIF) on Friday unveiled its revamped innovation vouchers programme, offering €10,000 per project along with free support services to Cypriot small and medium-sized enterprises (SMEs). According ...