Business

The Bank of Cyprus on Friday announced that it has “swiftly reacted to the European Central Bank’s (ECB) latest decision to cut interest rates,” announcing a reduction in the ...

S&P Global Ratings this week downgraded chipmaker Intel Corp’s (INTC.O) credit rating to ‘BBB’ from ‘BBB+’, on slow business recovery and uncertainty following management changes. The ...

London’s Canary Wharf district will borrow 610 million pounds ($777 million) from US investment giant Apollo (APO.N) to repay bonds due over the next two years, raising its funding costs ...

General Motors (GM.N) announced that it will end robotaxi development at its majority-owned, money-losing Cruise business, a blow to the ambitions of the largest US automaker which had made ...

The floating storage and regasification unit (FSRU) Prometheus is expected to depart from Shanghai in a matter of hours, Energy Minister George Papanastasiou said on Friday. The FSRU will form ...

The inauguration of two new solar parks is set to enhance the Electricity Authority of Cyprus (EAC)’s electricity production, marking a significant step toward green energy development. The Achera ...

Investors in cryptocurrencies are constantly seeking the next significant opportunity. Cardano (ADA) and Rexas Finance (RXS) are two altcoins that draw much interest. Though both have good foundations, one is ...

The proposed bill to impose a tax on banks’ windfall profits would jeopardise the stability of the financial system, government spokesman Konstantinos Letymbiotis said on Friday. His comments came a ...

All new buildings across the European Union must achieve zero emissions by 2030, while public buildings face an even tighter deadline of 2028. This ambitious plan forms part of the EU’s ...

Cyprus’ economy is projected to maintain its resilience in 2025, with an anticipated growth rate of 3.1 per cent – significantly higher than the EU average – Finance Minister Makis Keravnos said on Friday. ...

Getting early into cryptocurrency investing seems to be the closest way to make it in the future, and cryptos priced under the dollar are often the ones that seem to ...

More than 800 students from schools across Cyprus participated in a series of lectures and talks organised by the Cyprus Securities and Exchange Commission (CySEC), aimed at enhancing financial literacy among ...

The Bank of Cyprus on Friday announced that it has “swiftly reacted to the European Central Bank’s (ECB) latest decision to cut interest rates,” announcing a reduction in the ...

Cyprus unveiled an ambitious aviation strategy during an event held on Thursday by the Mediterranean Flight Safety Foundation (FSF-MED) in Nicosia. At the event, Transport Minister Alexis Vafeades outlined plans ...

President Nikos Christodoulides presented a roadmap for economic growth and resilience during his address at the Cyprus Chamber of Commerce and Industry (Keve) annual general meeting in Nicosia on Thursday ...

S&P Global Ratings has upgraded the long-term issuer credit rating of Freedom Finance Europe Ltd., which operates under the Freedom24 brand, from ‘B’ to ‘B+’. According to the ...

CEO and co-founder of Ask Wire, Pavlos Loizou, is transforming real estate analytics in Cyprus and Greece with over 20 years of experience in valuation, asset management and strategy. Through tools ...

President Nikos Christodoulides on Thursday reiterated the government’s commitment to bolstering Cyprus’ construction and real estate sectors. Christodoulides’ comments were delivered during his speech at the annual general assembly ...

Britain’s housing market strengthened further in November although uncertainty over the economic outlook could curtail activity in the months ahead, according to a survey on Thursday from the Royal ...

Britain’s Financial Conduct Authority is promising millions of people help with their pensions under new proposals that include offering access to free, targeted support to allow consumers to make ...

The Cyprus Chamber of Commerce & Industry (Keve) on Thursday called for “bold decisions and substantive measures across nearly all sectors of the economy to sustain the country’s developmental ...

A deadlocked vote in parliament on Thursday spelled the defeat of a bill that sought to impose a tax on the ‘windfall profits’ of banks, with the debate taking up ...

Britain on Thursday outlined details of an overhaul to its planning system to help boost growth and hit a target of 1.5 million new homes in the next five years, including ...

Tesla CEO Elon Musk’s net worth crossed $400 billion on Thursday, the Forbes real-time billionaires list showed, boosted by a nearly 71% surge in the automaker’s shares this year and ...