Cyprus Business News

By Dr. Charles Ellinas What has become abundantly clear over the past year is the EU’s determination to drive a fast transition to cleaner energy. Not only it has ...

British finance minister Rishi Sunak’s annual budget on March 3 is set to have a green tinge, even as the country goes hundreds of billions of pounds into the red ...

Tesla boss Elon Musk’s SpaceX completed an equity funding round of $850 million, CNBC reported on Tuesday, citing people familiar with the financing. SpaceX raised the funds at $419.99 a share, ...

Most homes are built block by block, or brick by brick. But a demo house in Calverton, New York, was constructed scan by scan – its walls made using a giant ...

We live in times of extreme uncertainty, and that makes life hard for the people who are tasked with forecasting the future. Actuaries, for example, have the task of forecasting ...

The Cypriot economy contracted by an annual 5 per cent in 2020, beating projections for deeper recession amid the coronavirus pandemic, according to a flash estimate issued on Tuesday by the Statistical ...

The EU’s mammoth post-pandemic recovery fund, which is intended to exclude projects that worsen climate change or harm the environment, could in some circumstances be used for investment in ...

Every Friday since November, a group of activists founded by Turkish lawyers in Europe have gathered before the European Court of Human Rights (ECHR) as part of the ‘Movement for ...

Oil prices soared on Monday to their highest in about 13 months as fears of heightened tensions in the Middle East prompted fresh buying, while hopes that a U.S. stimulus ...

Israel’s largest healthcare provider on Sunday reported a 94 per cent drop in symptomatic COVID-19 infections among 600,000 people who received two doses of the Pfizer’s vaccine in the country’...

Fifteen Turkish sailors kidnapped by pirates last month in the Gulf of Guinea arrived back in Turkey on Sunday with tales of psychological torture and intimidation. The ship’s captain ...

The European Union will fast track approvals of coronavirus vaccines adapted to combat mutations, the bloc’s Health Commissioner Stella Kyriakides said in a newspaper interview on Sunday. “We have ...

Gold dipped on Friday with a firmer dollar, while platinum was headed for its biggest weekly rise since March 2020 on expectations for a revival in auto sector demand. “There’s ...

Ethereum’s ether (ETH), the world’s second-largest crypto asset, has long been overshadowed by its predecessor bitcoin. But it seems to finally be coming out on its own. Ether ...

The American University of Cyprus (AUCY) will open its doors in Larnaca in September 2021, and its second campus, in Ayia Napa, still under construction will begin welcoming students in the ...

Facebook Inc is building a smartwatch that will let users send messages and also offer health and fitness features, according to a report on the tech website The Information reported ...

Dogecoin, the “joke” cryptocurrency, has suddenly gotten dead serious, as investors pile in funds, raising its market capitalisation to $9 billion. ‘It took about 3 hours to make’, said Billy Markus in ...

The Radisson Hotel Group is to open a string of new properties in Cyprus, according to a press release published on Friday. The planned Radisson Beach Resort Larnaca will offer ...

UK economic output fell 9.9 per cent in 2020, the largest drop in 300 years and more than twice the fall during the financial crisis, according to data released by the UK Office ...

The European Union will strive for close co-operation with Britain on financial services but London cannot expect “equivalence-based” access to the EU financial market if it diverges widely on rules, ...

After long being shunned by traditional financial firms, bitcoin has finally entered the mainstream. Bitcoin on Thursday jumped to a fresh all-time high after BNY Mellon said it formed a ...

Cyprus will see economic growth at the same, relatively low rate of most EU Member States in 2021. There is, however, “light at the end of the tunnel,” according to an ...

The European Parliament on Tuesday approved a Commission regulation to extend market support measures for the wine sector until 2021. The decision was passed at the plenary voting session without a ...

There is no reason why a bad bank would not work in Cyprus, as it has in many other countries. It all depends, experts say, on how it is managed. ...