How to invest for inflationary times
Low inflation had spoiled US investors for so long that last year’s sudden surge came as a shock.
As those who lived through the late 1970s and early 1980s ...
Hospitality school to help tackle rural labour shortages
The establishment of a new hospitality school in Platres is aiming to tackle both labour shortages in the hospitality industry, as well as the issue of rural flight, people flocking ...
Betting authority raked in €192mln in quarterly revenue
The National Betting Authority generated €192 million in revenue during the third quarter of 2021, reflecting a 12 per cent increase over the corresponding quarter of the year before, according to a report ...
Cyprus and Swiss stock exchanges announce partnership
The Cyprus Stock Exchange (CSE) and Swiss Exchange (SIX) signed an agreement on Monday for the establishment of the post-trade infrastructure necessary to facilitate the dual-listing of Cyprus‘ Euro medium-term ...
Turkey keeps lira in check with low-key interventions
Turkey’s central bank has scaled back its currency interventions in January but still spent as much as $1 billion last week to keep the lira steady after last month’s ...
Russian authorities draw up ‘road map’ to regulate cryptocurrencies
Russian authorities have drawn up a ‘road map’ that envisages restrictions on cryptocurrencies but not a complete ban on trading and mining as advocated by the central bank, a document ...
EU aims to invest billions euros in chip push, EU’s Breton says
The European Union aims to invest tens of billions of euros to bolster its chip industry and double its share of global production to 20 per cent, the bloc’s industry ...
Kedipes state aid repayments hit €570mln
State-owned asset management company Kedipes announced on Friday that it repaid €60 million in state aid during the fourth quarter of the previous year, with state aid repayments reaching €250 million for ...
Public finances can withstand support to struggling companies, Fiscal Council says
The financial support given to companies affected by the ongoing pandemic announced by the Ministry of Finance this week seems to be financially bearable without serious consequences on public finances, ...
Larnaca to benefit from numerous tourism projects
The Larnaca Tourism Development and Promotion Company (Etap) presented on Thursday a number of upgrades and additions to both the city and district’s tourist infrastructure for 2022.
“The Larnaca tourism ...
Now or never? European banks eye comeback against Wall Street
Replenished firepower and higher interest rates will give Europe’s banks an ideal opportunity this year to reverse recent underperformance and claw back market share from rivals in the United ...
Tourism ministry announces raft of schemes
The deputy tourism ministry announced on Wednesday 12 grant schemes that will come into effect this year as part of its national tourism strategy 2030.
“The plans concern the development of special ...
Lebanon plans to adopt ‘realistic exchange rate’ in 2022 budget
Lebanon plans to adopt a “realistic exchange rate” for the local pound in the 2022 budget, according to a document published by the finance ministry on Wednesday that did not specify ...
Cyprus competitiveness hindered by weaknesses in several sectors
Cyprus is suffering from a low level of judicial efficiency, excessive reliance on a limited number of countries for trade relations, as well as high costs for cross-border transactions, according ...
Nvidia preparing to walk away from Arm acquisition
Nvidia Corp (NVDA.O) is preparing to abandon its purchase of Arm Ltd from SoftBank Group Corp (9984.T) after offering about $40 billion for the British company in 2020, Bloomberg News reported ...
Bitcoin skids to six-month low as fears over Ukraine shake markets
Bitcoin tumbled to its lowest level in six months on Monday as fears of a Russian attack on Ukraine saw riskier assets worldwide extend their sell-off.
The largest cryptocurrency was ...
How bad is Lebanon’s economic meltdown?
Lebanon is suffering an economic meltdown that began in 2019 when the financial system collapsed under colossal state debts and the unsustainable way they were funded, while politicians have yet to ...
Intel’s $20 bln Ohio factory could become world’s largest chip plant
Intel Corp said on Friday it would invest up to $100 billion to build potentially the world’s largest chip-making complex in Ohio, looking to boost capacity as a global shortage ...
Cyprus property prices go up due to strong apartment demand
Property prices in Cyprus rose during the third quarter of 2021, a report by the Central Bank of Cyprus released on Friday revealed.
According to the central bank’s quarterly report ...
Germany wants to attract 400,000 skilled workers from abroad each year
Germany’s new coalition government wants to attract 400,000 qualified workers from abroad each year to tackle both a demographic imbalance and labour shortages in key sectors that risk undermining the ...
Central Bank agrees collective agreement in effort to streamline structure
The Central Bank of Cyprus (CBC) announced on Thursday that it has signed a new collective bargaining agreement with the Cyprus Union of Bank Employees (Etyk).
“Today’s agreement is ...
Unilever’s strategy in spotlight after dropping $68 billion GSK battle
Unilever’s (ULVR.L) strategy was under the investor microscope on Thursday after the consumer goods giant effectively abandoned its $68 billion pursuit of GlaxoSmithKline’s (GSK.L) consumer healthcare business.
...
Renewable energy programmes a success, ministry says
The Cyprus Minister of Energy, Commerce and Industry announced this week that its commercial renewable energy system incentive schemes, including for the creation of photovoltaic parks, have been deemed successful.
...
Explainer: Do 5G telecoms pose a threat to airline safety?
The chief executives of major US passenger and cargo airlines have warned of a “catastrophic” aviation crisis this week as AT&T (T.N) and Verizon (VZ.N) deploy ...