#business

Hellenic Bank on Wednesday released its financial results for the first nine months of 2022, posting a profit of €76.4 million, compared to a profit of €21 million in the corresponding period of 2021, ...

National investment agency Invest Cyprus on Tuesday released a statement welcoming yet another international production that chose to shoot in Cyprus. “Earlier this week, it was revealed that a four-part ...

The Ministry of Energy, Commerce and Industry on Tuesday said that over the last two years its grant schemes have exceeded €330 million in total funding. Of this amount, €171 million were ...

Huawei Cyprus on Tuesday announced that the European tour of the Huawei 5G Roadshow 2022 will also include Cyprus, with this year’s event being centred around how 5G networks can ...

The market for fan tokens, a volatile cocktail of crypto and sport, is heating up in the desert of Qatar. Interest in this niche breed of cryptocurrencies, typically linked to ...

The European Central Bank warned on Tuesday that it might make a loss as high inflation forces it to raise interest rates and foot the bill of a decade of ...

Cypriot airline Cyprus Airways on Tuesday released a statement saying that it is launching a package holidays platform called Cyprus Airways Holidays. The platform offers a single package, combining Cyprus ...

British fashion group Superdry (SDRY.L) said it is in negotiations to refinance borrowings of up to 70 million pounds ($85 million) with Bantry Bay Capital as it races to secure new ...

Russia turns to the Chinese currency amid sanctions Moscow becomes No.4 offshore trading centre for yuan Yuan’s share of Russian FX market jumps from 1 per cent to 45 per cent ...

Oil rebounded on Tuesday after falling to more than 11-month lows in the previous session, as investors weighed a potential output adjustment from the major oil producers, who are set ...

Bitfront, a US crypto exchange backed by Japanese social media firm Line Corp, said it has suspended new sign-ups and credit card payments and will cease operations in a few ...

A senior banker is suing NatWest (NWG.L) for around 4.3 million pounds ($5.2 million) after a London judge ruled that she was discriminated against and unfairly dismissed days after cancer surgery. ...

Paris’ luxury-laden stock exchange is now worth more than London’s. But although size matters, there are other indicators highlighting the UK capital’s popularity with investors. While the UK ...

Microsoft (MSFT.O) is likely to offer remedies to EU antitrust regulators in the coming weeks to stave off formal objections to its $69 billion bid for “Call of Duty” maker ...

Major cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy protection along with eight affiliates, it said on Monday, the latest crypto casualty to follow the spectacular collapse of the FTX ...

Britain’s Rolls-Royce (RR.L) said it has successfully run an aircraft engine on hydrogen, a world aviation first that marks a major step towards proving the gas could be ...

By Jamie McGeever As Wall Street reopens after the Thanksgiving holiday, investors are looking for one final push to ensure 2022 ends up being merely grim rather than the bloodbath most ...

Egypt’s finances remain in a precarious state despite two major currency devaluations this year and a brand new $3 billion International Monetary Fund rescue package, economists say. With debt interest ...

Binance Chief Executive Officer Changpeng Zhao said on Friday regulation rather than opposition of the crypto sector is a better option for world governments as digital currencies become more mainstream. ...

Heraclitus once said, “the only constant in life is change.” Change affects us all either in a positive or negative way. In business we try to manage and anticipate change. ...

The global smartphone market experienced a pronounced contraction of 9 per cent year-on-year during the third quarter of 2022, something which has been primarily attributed to a dent in demand, according to ...

Thin crowds of inflation-weary consumers hunted for Black Friday deals at stores in big cities including New York, Los Angeles, Chicago and other locales, marking the start of a US ...

Qatar has found itself with an unexpected glut of rooms in the World Cup’s busy group stage, with online portals showing rooms in at least 42 hotels and Airbnb offering ...

Famed computer scientist and systems engineer Margaret Heafield Hamilton once said that ‘there was no choice but to be pioneers, no time to be beginners,’ noting that upon reflection, this ...