#business

It’s a rough time to be an altcoin. Insecurity reigns. A slew of altcoins – a catch-all for most cryptocurrencies except bitcoin and ether – have been harpooned in lawsuits filed ...

Turkey’s expected return to orthodox economic policies may not be enough to secure longer-lasting international investments, with a restoration of predictability and the rule of law still needed to ...

Cyprus and Greece have taken different paths toward resolving the previously sizable number of non-performing loans (NPLs) in each country, according to a recent piece of analysis by rating agency ...

The Cyprus Development Bank (CDB Bank) on Monday launched a new depository product with flexible terms and an interest rate of up to 2.05 per cent. According to the announcement, the ‘...

The number of registered vehicles in Cyprus witnessed a significant surge this year, soaring by 24.9 per cent between January and May 2023, according to the latest data released by the state’...

The CEO of ChatGPT maker OpenAI on Monday said a tour of capital cities had left him “quite optimistic” about prospects for global coordination on artificial intelligence (AI). The public ...

US venture capital firm Andreessen Horowitz, a major cryptocurrency investor, said on Sunday it will set up its first international office in London, at a time when US regulators have ...

Central bankers, who once considered obscurity central to their craft, are trying to wean the world from the predictability they’ve nurtured over 15 years of concrete guidance about their intentions ...

Cyprus-based investor Alexey Gubarev has recently become the owner of the land where Sodap’s wine factory was for over €32 million, according to an announcement released this week. The 38,827 square ...

Cypriot lender AstroBank on Monday announced that it has raised its deposit rates, describing the move as a response to the needs of its clientele and the Cypriot economy in ...

UBS (UBSG.S) on Monday said it had completed its emergency takeover of embattled local rival Credit Suisse (CSGN.S), creating a giant Swiss bank with a balance sheet of $1.6 ...

Billionaire financier George Soros is handing control of his massive empire to his son Alexander, a Soros spokesperson said on Sunday. The spokesperson confirmed the details from an interview with ...

JPMorgan said on Monday it expects Turkey’s central bank to hike interest rates to 25 per cent from the current 8.5 per cent at its June meeting, adding this could come ...

French shoppers should pay less for their food from next month, Finance Minister Bruno Le Maire said on Friday, after he secured a pledge from 75 food companies including Unilever (ULVR....

A gulf in spending patterns between wealthy Americans and so-called “aspirational” shoppers is driving luxury retailers to search out new sources of revenue and, in some cases, to shift their ...

Nigeria’s markets regulator has ordered the world’s largest cryptocurrency exchange Binance to halt its operations in the country, saying a local unit that courted Nigerian investors through a ...

Here are the top business stories in Cyprus from the week starting June 5: Cypriot firm Ask Wire on Thursday released a report examining the Paphos property market for 2022, including an ...

Alphabet’s (GOOGL.O) Google and Microsoft (MSFT.O) are inserting ads into AI experiments without providing an option to opt out of participation, an approach that has already rankled ...

An emerging technology to fish for lobsters virtually ropeless to prevent whale entanglements is exciting conservationists, but getting a frigid reception from harvesters worried it will drive them out of ...

Meta Platforms (META.O) on Thursday introduced WhatsApp Channels, a feature that the social media giant said would help make the app a “private broadcast messaging product.” Users in Colombia ...

Construction costs and demand keep property prices high Housing prices in Cyprus continued their upward trajectory in the fourth quarter of 2022, driven by both increased construction costs and rising demand, ...

The total solvency ratio of the Cypriot banking sector remained stable at 21.2 per cent at the end of December 2022, the same level as in September 2022, which was the highest point ...

Erdoğan’s re-election as Turkish president means that Ankara’s relations with its Western allies will remain turbulent. The West should expect a bumpy ride. By Luigi Scazzieri On ...

Amazon (AMZN.O) should not pay 250 million euros ($268 million)in back taxes to Luxembourg as ordered by EU competition enforcers, an adviser to Europe’s top court said on Thursday, ...