#business

KPMG’s US boss, Paul Knopp, said the accounting firm stood behind its audits of Silicon Valley Bank (SIVB.O) and Signature Bank (SBNY.O), the Financial Times reported on ...

National flag carrier Cyprus Airways on Wednesday announced its winter flight schedule for 2023, during which it will be flying to 13 destinations with 51 weekly flights. According to the announced schedule, the ...

The collapse of Silicon Valley Bank has reverberated around the world, sending shockwaves through the global economy, with numerous companies in the US, Europe and the Asia-Pacific region being directly ...

State-owned Cyprus Asset Management Company (Kedipes) on Tuesday an interest rate subsidy for restructured loans with the base rate of the European Central Bank, so that the interest rates do ...

Britain’s NatWest (NWG.L) has imposed new limits on the daily and monthly amount customers can send to cryptocurrency exchanges, seeking to protect consumers from “crypto-criminals”, the bank said ...

Extreme volatility is rattling US Treasury markets in the wake of Silicon Valley Bank’s (SIVB.O) collapse and investors fear a prolonged bout of gyrations before calm returns to ...

Top cryptocurrency bitcoin hit a nine-month high of $26,533 on Tuesday, in its fourth consecutive day of gains, as it appeared to benefit from chaos in global markets following last week’...

Apple sought to block Apella Games from registering name and logo in the EU Cyprus-based indie gaming company Apella Games has won a major battle against tech giant Apple Inc., ...

Turkey’s current account deficit widened to $9.85 billion in January, data from the central bank showed on Monday, the highest level in four decades of available data, driven by a ...

Boeing Co (BA.N) is expected to sell nearly 80 787 Dreamliner aeroplanes to two Saudi Arabian airlines, a source briefed on the matter said on Monday. An announcement of the plan ...

US regulators are likely to let emergency measures announced Sunday to shore up investor confidence in the banking sector sink in and increase scrutiny of the industry before intervening with ...

According to preliminary data from the Cyprus Statistical Service (Cystat), the trade deficit in Cyprus increased significantly in January 2023, as imports increased more than three times the increase in exports. ...

Pfizer Inc (PFE.N) struck a $43 billion deal for Seagen Inc (SGEN.O) to add innovative targeted therapies to its portfolio of cancer treatments as it braces for a steep ...

Ayia Napa mayor Christos Zannetou on Monday said that the signs and feedback garnered at the ITB Berlin tourism conference in Germany have been positive, with the feeling of optimism, ...

Startup-focused lender SVB Financial Group (SIVB.O) last week became the largest bank to fail since the 2008 financial crisis, sending ripples across the globe as billions of dollars belonging to ...

The number of building permits in Cyprus, as well as the total useful floor area, experienced a significant decline during the period between January and December 2022, according to a report ...

Hedge funds ended last week positioned to scoop up winning profits from bearish positions on bank stock falls, according to a note by Goldman Sachs sent to clients late on ...

First Republic Bank’s shares (FRC.N) more than halved in premarket trading on Monday as news of fresh financing failed to reassure investors days after SVB Financial Group’s (...

Oil prices fell $4 on Monday along with equities as the collapse of Silicon Valley Bank raised fears of a fresh financial crisis, but a recovery in Chinese demand provided support. ...

Hellas Direct was recently recognised as one of Europe’s 1,000 fastest-growing companies by the Financial Times, the fourth time it has received this distinction. The innovative insurance tech company is ...

Saudi Arabia’s Crown Prince Mohammed bin Salman formally announced on Sunday the creation of a new national airline, Riyadh Air, with industry veteran Tony Douglas as its chief executive, ...

The non-profit association TechIsland announced today the launch of the TechIsland Awards, a new annual award program designed to recognize and celebrate the outstanding contributions of individuals, companies, and projects ...

Investors scrambled to pull down global rate expectations on Monday and abandoned wagers on steep US hikes next week, reckoning the biggest American bank failure since the financial crisis will ...

Bank shares in Europe and Asia plunged on Monday as the collapse of startup-focused Silicon Valley Bank continued to batter markets, while US large banks failed to hold onto a ...