Binance Australia customers seen selling bitcoin at a discount
Bitcoin prices on the Australian arm of Binance, the world’s largest crypto-currency exchange, were at a 20 per cent discount to rival exchanges on Tuesday, in a sign customers were ...
Oil falls 2 per cent on US debt deal struggles, OPEC+ talks uncertainty
Oil fell by nearly 2 per cent on Tuesday as concerns about the US debt ceiling pact cooled the market’s risk-on sentiment and mixed messages from major producers clouded the ...
AI means everyone can now be a programmer, Nvidia chief says
Artificial intelligence means everyone can now be a computer programmer as all they need to do is speak to the computer, Nvidia Corp (NVDA.O) CEO Jensen Huang said on ...
Pleasure boats’ union up in arms over licensing in Paralimni
The association of coastal vessels on Tuesday in a strongly worded letter appealed to the mayor of Paralimni to not to create unnecessary problems for coastal tourism.
The letter addressed ...
Amid the calm, the Fed brews the next storm
Having navigated the financial crisis of 2008, Neel Kashkari worries about systemic risks. But now, as a US monetary policymaker, he worries even more about inflation.
“I think if I had ...
Nvidia to build Israeli supercomputer as AI demand soars
Nvidia Corp (NVDA.O) said on Monday it was building Israel’s most powerful artificial intelligence (AI) supercomputer to meet soaring customer demand for AI applications.
Nvidia, the world’s ...
Boeing looks to sell at least 150 737 Max jets to Riyadh Air
Boeing Co (BA.N) is working on a deal to sell at least 150 737 Max jetliners to Saudi Arabian startup Riyadh Air, Bloomberg News reported on Sunday.
The new carrier, wholly ...
Awards announced for young Cyprus entrepreneurs
The Stelios Philanthropic Foundation will this year hold its first-ever Young Entrepreneurs Award in Cyprus, it announced on Monday.
The award has been organised every year since 2008 exclusively in Greece ...
Twitter cannot hide from EU rules after exit from code, EU’s Breton says
Twitter cannot run away from its obligations even after quitting a voluntary EU code of practice to tackle disinformation, EU industry chief Thierry Breton warned the company late on Friday.
...
Poland to raise minimum wage twice in 2024, minister says
Poland plans to raise the minimum wage twice in 2024 to help people cope with high inflation, Family and Social Policy Minister Marlena Malag said, as the ruling Law and Justice (...
The race to make hospitals cybersecure
As medical centres increasingly come under attack from hackers, Europe is bolstering protection.
By Tom Cassauwers
Amid the Covid-19 pandemic in early 2021, the Irish healthcare system’s computers were breached ...
Nvidia shares soar nearly 30 per cent as sales forecast jumps and AI booms
Nvidia Corp (NVDA.O) on Wednesday forecast second-quarter revenue more than 50 per cent above Wall Street estimates, and said it is boosting supply to meet surging demand for its artificial-intelligence ...
‘Hot labour summer’: Los Angeles unions back Hollywood writers
Unions representing teachers, truck drivers and other workers who will be headed soon to the bargaining table turned out in downtown Los Angeles on Friday to support Hollywood’s striking ...
Brexit to blame for a third of Britain’s food bill rise, researchers say
Britain’s departure from the European Union has accounted for about a third of the increase in food bills for households since 2019, equivalent to about 250 pounds ($316), researchers from the London ...
Cyprus services sector deterioration adds to economic challenges
National strategy will aim to increase foreign direct investment in key sectors
A deterioration of Cyprus’ business climate in the services sector further impacted the economic climate in May, with ...
Cyprus Business Now
The Association for the Protection of Borrowers (Syprodat) this week called said that the government must deal thoroughly and provide immediate solutions to the problems of borrowers.
“Up until this ...
State service to conduct massive research on salaries for 2022
The study will take into consideration the salaries of 40,000 employees in Cyprus
The Cyprus Statistical Service (Cystat) this week announced that it has commenced its research on earnings for the ...
Turkey cenbank’s net forex reserves negative for first time since 2002
The Turkish central bank’s net forex reserves dropped into negative territory for the first time since 2002, standing at $-151.3 million on May 19, official data showed on Thursday, as it ...
EU watchdog calls for curbing leverage in crypto trading
European Union authorities should curb leveraged bets on crypto assets by introducing limits for investment funds, exchanges and other firms to stop shocks in that industry from jeopardising financial stability ...
Junior Achievement Cyprus to host awards ceremony for startup programme
Junior Achievement Cyprus (JA Cyprus) is set to host the highly anticipated Finale and Awards Ceremony of the “JA StartUp 2023” programme, according to an announcement recently released by the organisation.
...
Turkish lira hits record low of 20 vs dollar ahead of election runoff
The Turkish lira weakened to a record low of 20 against the dollar on Friday, ahead of this weekend’s presidential election runoff which will decide whether President Tayyip Erdogan extends ...
Lloyd’s Register drops ships of top Indian carrier of Russian oil
Lloyd’s Register has told India’s Gatik Ship Management, which has become a major carrier of Russian oil since the Ukraine war, that it will withdraw certification of 21 of ...
EU, Pfizer/BioNTech to amend COVID vaccine contract
Brussels has agreed with Pfizer (PFE.N) and BioNTech (22UAy.DE) to amend a COVID-19 vaccine contract, cutting the number the EU must buy and pushing the delivery deadline to 2026, ...
Blockchain.com CEO says US default would hit crypto initially
A US government default would trigger an initial pull-back from crypto currencies followed by a “push upward” the CEO of London-based crypto firm Blockchain.com said on Thursday.
The US ...