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 ...
Cypriot economy buoyed by services and real estate
The Cypriot economy continued its recovery in December, carrying on with the trend of the two previous months, according to a report by the University of Cyprus Economic Research Centre ...
CySEC sees regulated entities increase, gears up for digital currencies
The commission’s market supervision area of activities has enjoyed significant growth, Cyprus Securities and Exchange Commission (CySEC) chairman George Theocharides said on Monday following a meeting with the house ...
Electric cars hit 65 per cent of Norway sales as Tesla grabs overall pole
Electric cars made up nearly two thirds of Norway’s new sales in 2021, with Tesla the top selling automobile brand overall, as the country pursues its goal of becoming the ...
Council wants to turn Cyprus into education and research centre
The Cyprus Economy and Competitiveness Council on Monday submitted a range of proposals for pursuing the growth and development of the tertiary education sector which would have many benefits for ...
Turkish inflation soars to 36 per cent, highest in Erdogan era
Turkey’s annual inflation rate surged to 36.1 per cent last month, its highest in the 19 years Tayyip Erdogan has ruled, laying bare the depths of a currency crisis engineered by ...
Northvolt battery plant sparks into life, a first for Europe
Sweden’s Northvolt said on Wednesday its new gigafactory in northern Sweden has assembled its first battery cell, making it the first European company to design and manufacture a battery ...
FTSE 100 posts biggest annual gains in five years
UK’s FTSE 100 ended 2021 with its best annual performance in five years on the back of gains in commodity-linked and industrial stocks although the index fell in Friday’s holiday-thinned ...
Yearender: The Year of the Doge? 2021, crypto’s wildest year yet
Bitcoin close to $70,000, “memecoins” worth billions of dollars, a blockbuster Wall Street listing and a sweeping Chinese crackdown: 2021 was the wildest yet for cryptocurrencies, even by the sector’s volatile ...
China’s Huawei says 2021 revenues down almost 30 per cent, sees challenges ahead
Chinese telecoms equipment giant Huawei Technologies Co Ltd (HWT.UL), battered by US sanctions, expects 2021 revenue to have declined nearly 30 per cent and predicted continued challenges in the New Year.
...
Bringing nuclear fusion to Cyprus: the key to sustainable energy?
Fusion Reactors CEO Christos Stavrou is unequivocal when he speaks about the potential value of fusion technology, both in terms of its use to the world, but also to Cyprus.
“...
After another torrid year, can emerging markets rediscover their mojo?
The spectre of higher interest rates in the United States, slowing growth in China and a strong dollar have this year hammered emerging markets already reeling from the fallout of ...
Cyprus property market recovered lost ground in 2021
The property market in Cyprus continued its recovery this year, with some indicators approaching pre-pandemic levels, according to a report released on Wednesday by real estate analysts Delfi Analytics.
“2021 was ...
Ministry says it has no say over bank charges
The Ministry of Finance on Wednesday responded to the criticism of the last few days about the increase in bank charges and calls for its intervention, making it clear that ...
Financial literacy or luck? The year small-time traders made a big impact
In May, San Diego-based Emily was feeling flush from a year of double-digit gains earned from trading stocks. Equity options, which some fellow stay-at-home investors were dabbling in, would juice ...
Higher bank charges spark public anger
The decision of Cypriot commercial banks to impose new charges on clients has sparked a fierce reaction from customers, trade unions, some political parties and interest groups.
In the case ...
How companies – and employees – can avoid a burnout crisis
In a more typical time, burnout is an exception. In the era of COVID, it almost feels like the norm.
According to Jennifer Moss, organizations should take a hard look ...
From metaverse to DAOs: A guide to 2021’s tech buzzwords
This year, tech CEOs drew inspiration from a 1990s sci-fi novel, Reddit investors’ lexicon seeped into the mainstream as “diamond hands” and “apes” shook Wall Street, and something called a ...
Loan restructurings in Cyprus reach a historic high – CBC
Loan restructurings in the Cypriot banking system edged close to €2 billion in the first ten months of 2021, marking the highest figure according to Central Bank of Cyprus (CBC) records which ...
Turkish unit of crypto exchange Binance fined, news agency says
Turkey’s Financial Crimes Investigation Board (MASAK) imposed an 8 million lira ($751,314) fine on the local unit of cryptocurrency exchange Binance over violations found during liability inspections, the Anadolu news agency ...
EU tightens the screws on shell companies
The European Union and the Executive Vice-President for an Economy that Works for People Valdis Dombrovskis launched an initiative this week to further restrict tax evasion through the use of ...
Turkish lira caps historic week with big lift from Erdogan government
Turkey’s lira was on track for its strongest week on record on Friday, having spiked 44 per cent with the support of billions of dollars of state-backed market interventions and ...
Anad announces training programmes worth €23.3 mln
The Human Resource Development Authority of Cyprus (Anad) announced on Thursday that it has allocated a budget of €23.3 million for a raft of training programmes, applicable to both employed and ...
Ryanair doubles annual loss forecast on Omicron restrictions
Ryanair (RYA.I) on Wednesday more than doubled its annual loss forecast and cut its January traffic estimate by 33 per cent, blaming travel restrictions in France, Germany and Morocco following ...