#business

Germany’s recession will be milder than expected, with the economy expected to contract by 0.1 per cent in 2023 compared to a previous forecast of shrinking by 0.3 per cent, the Ifo ...

In March this year, a new firm appeared in Turkey’s corporate registry. Azu International Ltd Sti described itself as a wholesale trader of IT products, and a week later ...

In mid-2020, FTX’s chief engineer made a secret change to the cryptocurrency exchange’s software. He tweaked the code to exempt Alameda Research, a hedge fund owned by FTX ...

Qatar posted a budget surplus of 30 billion riyals ($8.19 billion) for the third quarter of 2022, boosted by rocketing oil and gas revenues, the state news agency said on Tuesday, citing data ...

Turkey raised the euro-lira conversion rate for medicine prices by 36.77 per cent, the country’s Official Gazette said on Wednesday. “First step for solution of medicine shortage in the market ...

The Cyprus Federation of Business and Professional Women (BPW Cyprus) this week announced that it commemorated Women’s Entrepreneurship Day, observed on November 19 every year, by holding its fifth Mediterranean ...

The Paphos tourism board (Etap) this week announced that it has approved a higher budget for 2023, allowing it to implement a wider scope of actions and activities, in accordance with ...

Cyprus’ trade deficit reached €6.17 billion in the period between January and October 2022, amid a wave of price increases following the war in Ukraine, exceeding the deficit of 2021 as a whole, ...

United Airlines (UAL.O) said Tuesday it is ordering 100 Boeing (BA.N) 787 Dreamliners and 100 737 MAXs as it pushes for post-pandemic growth and replaces older, less-efficient aircraft. The Chicago-based airline’s ...

EcoXCyprus is organising a blockchain, FinTech, and Crypto meetup and Q&A with guests on Wednesday, 14th December 2022 at Diamante Blu in Limassol, Cyprus. The meetup will start at 18.30 ...

German automakers and Asian battery suppliers are getting together in Hungary in a multi-billion-dollar marriage of convenience to drive their electric ambitions. The companies are flocking to central Europe, where ...

Cyprus’s securities regulator plans to extend the suspension of the licence of FTX EU and will meet to discuss the matter next week, a spokesperson said on Tuesday. “CySEC ...

Binance, the world’s biggest crypto exchange, said on Tuesday it had “temporarily paused” withdrawals of the major stablecoin USDC. “On USDC, we have seen an increase in withdrawals,” Binance’...

Plucky bitcoin’s been holding steady since seeing off the chaos of the FTX collapse, gathering its strength to rally towards the dizzy heights of $30,000 in 2023. Battered bitcoin’s been ...

Britain’s jobless rate rose for a second month and there were other signs in data on Tuesday that some of the inflationary heat in the labour market is cooling ...

Apple Inc (AAPL.O) said on Tuesday it had invested more than $100 billion in its Japanese supply network over the last five years, as its Chief Executive Officer Tim Cook ...

Splits between US Department of Justice prosecutors are delaying the conclusion of a long-running criminal investigation into the world’s largest cryptocurrency exchange Binance, four people familiar with the matter ...

Cypriot fintech Ask WiRE on Monday released its latest property market report, concerning the third quarter of 2022, during which time real estate prices continued to rise, with the Paphos district ...

Government employment in Cyprus experienced a 1 per cent increase year-on-year in November 2022, according to a report released on Monday by the Cyprus Statistical Service (Cystat). The increase has been primarily ...

Oil prices steadied on Monday after several weeks of declines as a weakening global economy offset supply woes stemming from the closure of a key pipeline supplying the United States ...

Cyta on Monday announced the signing of an agreement with the Lebanese Ministry of Telecommunications for the construction and maintenance of a new subsea telecommunications connection between Cyprus and Lebanon. ...

The European Central Bank’s Single Supervisory Mechanism (SSM) on Monday announced its intention to focus on credit risk provisions and, more broadly, new lending procedures, due to the deterioration ...

Hellenic Bank CEO Oliver Gatzke returned to his duties today following a recent decision by the bank’s board of directors after an investigation into allegations of statements and actions ...

The vision of the startup and innovation ecosystem in Cyprus should be about changing the ‘DNA’ of the people living in Cyprus. People should start to think differently and find ...