UK plans 8 billion pounds of extra health and education spending
British finance minister Rishi Sunak plans a 5 billion pound ($6.9 billion) programme to fund health research and 3 billion pounds of extra funding for...
BusinessTop
Green transition deal will be painful for some warns minister
Finance Minister Constantinos Petrides said on Friday that the green transition will not be a painless process, highlighting the financial burdens it will likely incur...
Green financing, digital technology driving forces for economic growth says CBC governor
The path to sustainable and resilient economic growth requires coordinated, bold and transformative actions, Central Bank Governor Constantinos Herodotou said on Friday adding that to...
Dutch forensic lab says it has decoded Tesla’s driving data
The Dutch government’s forensic lab said on Thursday it had decrypted electric carmaker Tesla Inc’s (TSLA.O) closely guarded driving data-storage system, uncovering a wealth of...
UK borrowing down by half as Sunak readies budget
British public borrowing fell by almost half in the first six months of the current financial year from a post-World War Two high a year...
‘Cypriot students still want to come to the UK’
Although conditions are not as favourable at the moment, Cypriot university students are still attracted to the prospect of studying in the United Kingdom. “With...
Lawmakers probe timeline of NatWest money laundering investigation
British lawmakers have asked the Financial Conduct Authority why it took five years to prosecute NatWest (NWG.L) for failing to prevent the laundering of nearly...
Why Windows 11’s muted launch is unsurprising
Panos Panay, the Cypriot American Chief Product Officer at Microsoft, does not mince words when it comes to the Windows operating system. “Windows is a...
J.P.Morgan: chip crisis to hurt Apple iPhone sales
J.P.Morgan on Tuesday became the second brokerage in two weeks to cut its forecast for Apple’s iPhone sales for the crucial holiday quarter as the...
Cyprus Chamber of Commerce: ‘significant reforms necessary to attract foreign companies’
The Cyprus Chamber of Commerce and Industry (CCCI), in collaboration with a number of economists, has prepared a study on the Cypriot economy and what...
For Britain’s chicken farmers, Brexit and COVID brew a perfect storm
When Nigel Upson checks the plucked chicken carcasses dangling from a rotating line at his poultry plant in England, he sees cash haemorrhaging out of...
UK treasury considering online sales tax, home energy bill VAT cut
British Finance Minister Rishi Sunak is stepping up plans for an online sales tax, the Telegraph reported on Sunday. Treasury officials have accelerated work on...
Welcome to Britain, the bank scam capital of the world
It was an email offering a discount on an electric toothbrush that began the sequence of events that ruined Anna’s life. Within minutes of entering...
Startups shine at Reflect Festival
Aspiring unicorn ventures, meaning startup companies reaching a valuation of $1 billion, took centre stage on the second day of the Reflect Festival in Limassol....
New strategy launched to attract investors
The government on Friday presented its new strategy for attracting businesses to Cyprus with emphasis, among others, on high technology, shipping, innovation, and research and...
Technology will help shipping become greener and more efficient
Deputy Minister of Shipping Vasilis Demetriades stressed the importance of digital technology for the maritime sector during his speech at the CSN Cyprus Shipping ICT...
Price pinch: global economy caught in perfect storm
From beef bowls in Tokyo to fried chicken in London, consumers are beginning to feel the pinch from the surge in costs washing over the...
Cyprus to get first new copper mine in decades
Venus Minerals and Hellenic Copper Mines have agreed on a partnership for the creation of a copper mine in Apliki, a village in the Nicosia...
Don’t panic buy for Christmas, Britain says after port chaos
Britain said on Wednesday that people should buy normally for Christmas and there would be no shortage of gifts after shipping containers carrying toys and...
‘Information technology can drive GDP growth in Cyprus’
Over the past few years, there have been concerted efforts to grow Cyprus’ technology sector, with Deputy Minister Kyriacos Kokkinos recently announcing that additional incentives...