Cyprus Business News

Lebanon’s Banque du Liban has forced banks to allow depositors to withdraw $400 per month and the equivalent amount in Lebanese pounds, the central bank said in a circular released ...

Children and teenagers are flocking to Roblox’s Metaverse and it is not hard to see why. Roblox, an online gaming and game-creating platform, has blossomed into a fascinating online ...

Jet2 on Friday announced that it would cancel all flights and holidays until July 1. Flights to-and-from Jersey will begin on June 24. Because Turkey currently remains on the Red List, flights ...

“You can’t talk about ESG and invest in a really bad actor – and more and more companies are afraid of the reputational risk,” warns one fund manager. When Belarus ...

The life of the visually impaired has been improved greatly with the use of the WeWalk smart cane. Designed by a start-up with offices in London and Istanbul, the smart ...

Bank of Cyprus Holdings has been deemed a healthy investment opportunity, stock analysts at Simply Wall St have reported this week. Analysts expect revenue to grow at a rate of 12.28 ...

While the overall outlook is sunny for Cyprus, according to the European Commission’s Spring 2021 Post-Programme Surveillance Report released on Thursday, there are some aspects of the economy that give ...

Turkey’s inflation rate fell from a two-year high to 16.59 per cent year-on-year in May, data showed on Thursday, bucking market expectations for another rise thanks largely to limited price ...

Oil prices surged on Wednesday, hitting their highest in more than a year from a decision by OPEC and allies to stick to the plan to gradually restore supply, along ...

Global airlines urged the G7 rich nations on Wednesday to replace blanket Covid-19 travel curbs with more flexible restrictions informed by data, artificial intelligence and risk analysis. Willie Walsh, head ...

As checkpoints are expected to reopen on Friday, business in the south is happy, but cautious. “It’s a good thing, but we will see what happens,” said the owner ...

Epic Games, famous for being the creators of global phenomenon Fortnite, have been giving away video games at absolutely no cost for the consumer, but why? In short, there are ...

European Union government and parliament negotiators reached a deal on Tuesday on rules that will force large multinational companies to disclose how much revenue and tax they pay in the 27...

The World Health Organization (WHO) recommends the Chinese Sinovac vaccine for use in people 18 years and older, in a two-dose schedule with a spacing of two to four weeks. The ...

The Turkish lira hit record lows against the euro and the dollar as Turkish President Recep Tayyip Erdogan told the press on Tuesday that interest rates must be cut. The ...

European air travellers are advised to allocate extra time at the airport due to the implementation of Covid-19 checks at airports, the Airports Council International Europe (ACI EUROPE) has said. ...

Nestle said on Monday it was working on updating its nutrition and health strategy after the Financial Times reported an internal document at the food giant described a large portion ...

US, Russia and China are all seeking partnerships to build a robotic base on the moon. “We have sent out invitations for cooperation in the international scientific lunar station to ...

Andrew Rosenbaum is the Business Editor of the Cyprus Mail and Editor of Cyprus 4.0. The literature on human motivation is rife with platitudinous academic works – research invariably rhyming with solipsism – ...

“In 2019, we participated in the science-based targets, which is an initiative of the Paris Climate Agreement. And we have committed to reducing absolute scope Scope 1 and scope 2 emissions by 21 per ...

John Krasinski’s post-apocalyptic thriller “A Quiet Place Part II” collected a roaring $48 million between Friday and Sunday, exceeding expectations and posting the biggest three-day haul of the pandemic era. ...

A new Israeli study has revealed a major cause of degenerative diseases including Parkinson’s, Ben Gurion University (BGU) said Sunday. During the aging process, proteins in the body lose ...

Kelly Christodoulou, a resident of Larnaca, is Senior ESG and Stewardship Consultant, Investments at AustralianSuper, one of that country’s largest pension funds with $200 billion (EUR 125 billion) in assets under ...

Covid-19 has had a remarkably small effect on alternative investment, and almost none on luxury goods. These goods have a record of continually appreciating, and that didn’t change during ...