Repurposing the peace dividend
By Maria Demertzis
The war in Ukraine has brought an end to a 60-year period in which Europe has enjoyed a peace dividend, an amount released by reducing defence expenditure ...
Cyprus fiscal accounts generate surplus of €38 million in Q4 2021
Cyprus’ fiscal accounts in the last quarter of 2021 generated a surplus of €37.7 million compared with a deficit of €648 million in the respective period of 2020.
According to preliminary data released on ...
Musk’s Twitter free speech promise may be tested in Middle East
Twitter buyer Elon Musk calls himself a free speech absolutist, but that could be put to the test in the Middle East where critics say authoritarian governments use the platform ...
Mercedes looking at energy options should Russia turn off the gas
Mercedes-Benz (MBGn.DE) is looking at energy alternatives should Russia cut gas deliveries and is working closely with German authorities to ensure energy supplies, the premium carmaker’s top executive ...
Musk told banks he will rein in Twitter pay, make money from tweets, sources say
Elon Musk told banks that agreed to help fund his $44 billion acquisition of Twitter Inc (TWTR.N) that he could crack down on executive and board pay at the social ...
European Coding Challenge to take place in Cyprus for first time
The Cyprus Computer Society announced this week that the inaugural edition of the European Coding Challenge will take place in Cyprus next month.
The event, which is being held in ...
Cyprus Business Now
Students from the Paphos Technical School won first prize among their peers for creating and implementing the best innovative business idea in the ‘Ideodromio – Creativity, Innovation and Business Idea’ programme.
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Two possible options for the development of the Aphrodite gas field
By George Pirishis
It seems that something has started to shift in Cyprus’ Exclusive Economic Zone (EEZ) in relation to the Aphrodite block.
In last week’s meeting between the ...
Meta spreads cheer on Wall Street as Facebook adds more users
Shares of Meta Platforms Inc (FB.O) rose 17 per cent in a relief rally on Thursday after having lost nearly half their value this year, as the social media giant ...
Hobbled by economy, Erdogan heads to Saudi to mend ties after Khashoggi U-turn
Three and a half years after accusing Saudi Arabia’s leadership of murder and running a sham trial over the killing of journalist Jamal Khashoggi, Turkish President Tayyip Erdogan plans ...
Investors fret over potential Musk U-turn in $44 billion Twitter buyout
Investors speculating over whether Elon Musk will complete his $44 billion acquisition of Twitter Inc (TWTR.N) sent the social media company’s shares on Wednesday to their lowest level since ...
Standoff with Lebanon banks could derail IMF deal, minister says
Lebanon’s efforts to secure $3 billion in International Monetary Fund support to help it tackle its financial crisis could be derailed by divisions over how to deal with massive financial ...
Britain’s Sainsbury’s warns of lower profit as inflation hits
British supermarket group Sainsbury’s (SBRY.L) followed market leader Tesco (TSCO.L) in warning that soaring inflation would lower profit in the current financial year, taking the shine off ...
With inflation, gold notes and cards find their way into America’s wallet
With inflation running at its highest levels in four decades, Utah business owner Steve Allred is concerned about the declining purchasing power of the US dollar.
To help protect against ...
Cyprus Business Now
The Cyprus Institute of Certified Management Consultants (Sesek) on Wednesday announced that it has entered into a partnership agreement with Cyprus International Institute of Management (CIIM).
The partnership entails Sesek ...
How Africa is bearing the brunt of palm oil’s perfect storm
Djeneba Belem’s fried bean cake stall in Abidjan is a world away from the war raging in Ukraine. But her business is now at the mercy of an unexpected ...
Electric car battery showdown brews in West
Several companies plan to open production facilities for lithium iron phosphate (LFP) batteries or components in North America and Europe by 2025, as the alternative to nickel-cobalt-manganese (NCM) cells begins to ...
GSK tops quarterly forecasts, helped by COVID-19 treatment and Shingrix
British pharmaceuticals giant GSK (GSK.L) beat analyst expectations for its first-quarter results on Wednesday and stood by its 2022 forecasts, after buoyant sales of its COVID-19 treatment which has now ...
Europe’s Russian diesel imports drop, but still dominant
European diesel imports from Russia are set to fall in April but will still exceed those from other regions, highlighting the challenge European governments face as they contemplate new sanctions ...
Euro falls below $1.06 for first time in five years
The euro fell below $1.06 for the first time in five years against a broadly strong US dollar on Wednesday amid rising concerns around energy safety and growth slowdown in China ...
Qatar suffers setback in airplane dispute with Airbus
A British judge on Tuesday denied a request by Qatar Airways to force Airbus (AIR.PA) to keep building A321neo jets for the Gulf airline, in a setback to ...
Cyprus Business Now
Cyprus’ trade deficit in January of this year amounted to €523.6 million, compared to €434.3 million in the corresponding month of 2021, according to data released on Tuesday by the Cyprus Statistical Office (...
Russian court orders seizure of $7 mln in Google’s Russian funds, property
A Moscow court has ordered the seizure of 500 million roubles ($7 million) worth of Google’s property and funds in Russia, news agencies said, in a lawsuit concerning restrictions the US ...
Cryptoverse: Ether prepares for epic ‘merge’ in quest to eclipse bitcoin
Ether has promised to do better. It has promised to go to the next level, edging out crypto rivals and even outshining the godfather, bitcoin. But the clock’s ticking.
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