#business

Battered by a near 50 per cent plunge in its shares over the last 12 months, Nexi (NEXII.MI), Europe’s biggest payments processor, has not gone unnoticed. Earlier this year, the ...

The United States on Friday adopted new export controls on technologies that support the production of advanced semiconductors and gas turbine engines that it said are critical to its national ...

Brazil’s central bank chief Roberto Campos Neto on Friday said he believes credit cards will cease to exist soon due to the growth of the open finance system, through ...

It is ludicrous for the government to claim that it does not have the resources to meet the needs of vulnerable households Accounts and behaviour of the government, banks and ...

Unity Technologies, a video game software development company based in San Francisco, this week announced that it has agreed to enter a partnership with cloud services giant Microsoft Azure. The ...

Samsung Electronics (005930.KS) unveiled its latest high-end foldable smartphones on Wednesday, keeping prices at the same level as last year’s in a bid to cement its leadership in an ...

Global rating agencies S&P and Fitch on Friday lowered Ukraine’s foreign currency ratings to selective default and restricted default as they consider the country’s debt restructuring ...

The total value of Cypriot bonds held by the European Central Bank (ECB) on its balance sheet stood at €4.29 billion after the public sector purchase programme (PSPP) had concluded in ...

A small increase of 0.09 per cent was recorded in the price index of construction materials for the month of July 2022, compared to the previous month, according to a report by ...

By Ioannis Tirkides Inflation has been ramping up for about a year now and has reached levels last seen more than forty years ago, during the stagflation of the 1970s ...

Cyprus’ public debt declined to €24.18 billion at the end of June 2022, marking a 3.1 per cent reduction compared with the respective period of last year, according to the latest available data. ...

Oil prices inched higher on Friday, with benchmark contracts headed for a weekly climb as recession fears eased, though an uncertain demand outlook capped gains. Brent crude futures rose 23 cents, ...

The high demand in the Cypriot real estate sector is in the process of being met with numerous high-value investments, with the Limassol district taking the lion’s share, the ...

Association of Large Investment Projects president Andreas Demetriades this week said that there are still issues related to Cyprus’ permanent residence programme and asked for the Interior Ministry to “immediately ...

Oil prices drifted lower on Thursday after gaining more than $1 in the previous session, as concerns over supply disruptions eased and markets looked for evidence of improving fuel demand. Brent ...

The automatic price indexation of public wages is relatively limited in the euro area, while public pensions are primarily automatically indexed, either fully or partially, to prices and wages, according ...

The market capitalisation of all the shares traded during the month of July on the Cyprus Stock Exchange reached €1.9 billion, according to a statement released by the CSE this week. ...

Several high-flying startups are being brought down to earth, as a recent carnage in global equity markets and lackluster demand for new listings force companies to raise funds at a ...

Oil prices settled slightly lower on Tuesday after a see-saw session as worries that a slowing economy could cut demand vied with news that some oil exports had been suspended ...

The Association of Cyprus Tourist Enterprises (Stek) on Tuesday called on the state to intervene so that the issue of noise pollution in tourist areas is quelled, alleging that Cyprus’ ...

The Bank of Cyprus on Tuesday announced that its board of directors will meet on Tuesday, August 30, 2022, to review the financial results of the Bank of Cyprus Group for the ...

Another day, another hack – and another blockchain bridge burned. When thieves stole an estimated $190 million from US crypto firm Nomad last week, it was the seventh hack of 2022 to target ...

Israeli tourism continued to recover following the COVID-19 pandemic in July although it was 22.6 per cent below its 2019 level, the Tourism Ministry said on Monday. Tourism Minister Yoel Razvozov said ...

None of the Russians targeted by European Union sanctions have declared their assets to German authorities as required to do under Germany’s sanctions law, the German government said, prompting ...