International

“Despite Brexit, despite the pandemic, the export of business services from Cyprus to the UK seem to have continued at a normal rate,” says Marios Klitou, CEO of Baker Tilly ...

The United Arab Emirates’ non-oil private sector expanded at its fastest pace in two years in July as demand rebounded from the COVID-19 pandemic, a business survey showed. The seasonally ...

British finance minister Rishi Sunak said young people benefit from being in offices and he doubted the enduring professional relationships that he forged while starting out could be made in ...

BMW raised its 2021 profit forecast on Tuesday after strong quarterly results, but said the global semiconductor chip shortage and rising raw materials prices would hurt its performance in the second ...

Foot Locker will buy two smaller shoe store chains for a total of about $1.1 billion in cash, the footwear retailer said on Monday as it looks to expand its business ...

Ferrari (RACE.MI), the sports car maker synonymous with roaring petrol engines, welcomes the shift to electric powertrains and is confident of retaining its lead in the market for high ...

The International Monetary Fund (IMF) said on Monday its board of governors approved a $650 billion allocation of IMF Special Drawing Rights and said its largest-ever distribution of monetary reserves would ...

The European Commission said on Monday it had opened an in-depth investigation into Facebook’s proposed acquisition of Kustomer over concerns that the deal would stifle competition for customer relationship ...

Dutch brewing giant Heineken expects the COVID-19 pandemic to weigh on key Asian markets for the rest of the year and rising costs to dent margins, it said after posting ...

HSBC Holdings beat forecasts on Monday with first-half pretax profit that more than doubled from last year when it set aside $7 billion to cover pandemic-related bad loans. Encouraged by an ...

Square Inc, the payments firm of Twitter Inc (TWTR.N) co-founder Jack Dorsey, will purchase buy now, pay later (BNPL) pioneer Afterpay Ltd (APT.AX) for $29 billion, creating a global ...

Drawn by sun, sea and speedy Wi-Fi, remote workers are converging on Europe’s southernmost islands to try “workcationing” before employers order them back to the office, giving battered tourism ...

Pfizer raised the price of its Covid-19 vaccine by more than a quarter and Moderna by more than a tenth in the latest EU supply contracts, the Financial Times reported ...

A data centre is storage for bits and bytes, but it is also a store of value In the General Theory, John Maynard Keynes defined that concept: “Why should anyone ...

“The culture for business in Cyprus is gradually changing becoming more accepting to Private clouds and collocation options, and gradually to public clouds as well. This mentality has been changing ...

US firms Blackstone Real Estate Partners and Hudson Pacific Properties (HPP.N) said they planned to create a major film, TV and digital production complex in Broxbourne, north of London, ...

By Antoniou Markos, economist Acquiring real estate has always been one of the most stable investments the average person could make in their life. This is confirmed by George S. ...

As Cyprus boldly steps into the ‘Fourth Industrial Revolution’, data centres are multiplying in order to meet the growing demand of businesses that recognise the island’s potential as a ...

“For Cyprus to grow as a data centre destination, the government needs to provide incentives such as subsidy schemes for private investment (nothing exists today for data centres like for ...

“Secondary locations in Europe are set for growth as the continued trajectory of Europe’s five main markets – doubling in size in under five years – is unsustainable. Demand for lower ...

“Many may feel that the cloud will take away a certain level of traditional controls, whilst the contribution of the previous IT generation may decline or their value will decrease. ...

There are millions of euros ready to deploy from the Cyprus Recovery and Resilience Plan (RRP) to modernise the energy sector. But parliament may not be ready to make the ...

Ethereum, the second-largest blockchain network, is about to undergo a technical adjustment that will significantly alter the way transactions are processed, as well as reduce the supply of the ether ...

“The problem in Cyprus is that businesses don’t trust proven technologies like ours. They have a superstitious fear of letting an external company manage their data. It doesn’t ...