#business

Cyprus recorded a €300 million surplus from operating and investing activities in 2022, according to the government’s fiscal report for the previous fiscal year, which was recently submitted for review to ...

The Association for the Protection of Borrowers (Syprodat) this week said that Cypriot banks have persisted with low deposit rates despite the ECB recently hiking the interest rate by 0.5 per ...

The House Price Index in Cyprus fell by 4 per cent during the fourth quarter of 2022, compared to the previous quarter, falling to 108.03 points, down from 112.51, according to a preliminary estimate ...

Exxon Mobil Corp’s (XOM.N) Low Carbon business has the potential to generate hundreds of billions of dollars in revenue and outperform the company’s traditional oil and gas ...

The Bank of Cyprus released its Pillar 3 Disclosures on Wednesday, April 5, which contained forward-looking statements regarding the group’s future financial condition, performance, and opportunities. The public disclosure requirements of ...

Dogecoin’s Shiba Inu dog replaced Twitter’s blue bird as the social media company’s logo on Monday, helping the meme coin add as much as $4 billion to its ...

European banks are increasingly turning to bespoke deals with investors such as hedge funds to offload some of the risk on multi-billion euro loan portfolios and improve their financial strength, ...

Johnson & Johnson (JNJ.N) has agreed to pay $8.9 billion to settle tens of thousands of lawsuits alleging that talc in its iconic Baby Powder and other products caused cancer, ...

ECB executive committee member and chief economist Philip Lane met with Central Bank of Cyprus (CBC) governor Constantinos Herodotou on Wednesday, after being invited by the latter to the island ...

Alphabet Inc’s (GOOGL.O) Google released on Tuesday new details about the supercomputers it uses to train its artificial intelligence models, saying the systems are both faster and more ...

UBS Group AG (UBSG.S) will on Wednesday seek to reassure shareholders that its unexpected takeover of rival Credit Suisse Group AG (CSGN.S) in the biggest bank rescue since ...

Young people in Cyprus are excelling at “doing business”, Junior Achievement said, noting that over 300 students participated in the recent 10th trade fair of the student enterprise programme. There, young ...

The Cypriot fund has made a follow-up investment after having partnered with the startup in 2019 The Kinisis Ventures (KV) Fund I has made a follow-on investment of €200,000 in Threedium’s ...

More than 7,000 properties, whose total value exceeds €1.5 billion, are currently available on the market from banks, property management companies and debt buyers, according to a sectoral analysis report by Cypriot ...

The House Finance Committee this week reviewed proposed legislation that would introduce additional relaxations in the 50 per cent tax exemption policy for highly paid expatriate workers returning to Cyprus. According ...

DBRS Morningstar has confirmed the BBB rating with a stable outlook for Cyprus in both domestic and foreign currency over the long term, according to a report recently published by ...

Bahrain on Monday said it was introducing a new “golden licence” offering benefits to companies bringing large-scale investment projects to the small Gulf state as it seeks to reduce its ...

Even as bitcoin flies high, investors are keeping their options open, judging by a record race to derivatives. Open interest for bitcoin options and futures has spiked over the past ...

Mumbai resident Shivam Vahia cannot remember the last time he left home to shop. He spends about 30,000 rupees ($364) a month buying necessities like groceries, clothes and gadgets, all by tapping ...

In separate speeches last year, the leaders of France and Germany warned their citizens of hard times ahead as the global economy encountered challenges ranging from trade conflicts through to ...

Oil prices posted gains in Asian trade on Tuesday after OPEC+ plans to cut more production jolted markets the previous day, with investors’ attention shifting to demand trends and the ...

Credit Suisse (CSGN.S) will face shareholder anger on Tuesday at what will be its final annual general meeting after the bank was rescued last month by Swiss rival UBS (...

Storied Cypriot soft drinks company KEAN on Tuesday released a statement notifying the public that its board has reached an agreement in principle to sell the company’s shares to ...

Cyprus can take advantage of soaring copper prices, the result of pronounced shortages across the world, helping to increase supply through new projects on the island, according to Mark Rachovides, ...