Business

Visa (V.N) plans to increase the number of businesses accepting digital payments in Pakistan tenfold over the next three years, the payments giant’s general manager for Pakistan, North ...

By Richard Denniss, Crawford School of Public Policy, Australian National University Apparently, the world is about to get its first trillionaire. A report from the business intelligence agency Informa Connect ...

Here are the top business stories in Cyprus from the week starting September 9: Influencers in Cyprus are currently facing increased scrutiny as authorities ramp up checks on tax compliance and ...

Russia’s digital development ministry plans to allocate nearly 60 billion roubles ($660 million) over the next five years to improve the system used to censor web traffic, a government proposal seen ...

It is hard for Dogan Duman to see how he can keep his garment factory in central Turkey running much longer, even after firing a third of his staff to ...

The energy unit of Japan’s Panasonic Holdings (6752.T) has finalised preparations for the mass production of its 4680 electric-vehicle batteries, the company said this week, as it seeks to start ...

Samsung Electronics, the world’s top maker of smartphones, TVs and memory chips, is cutting up to 30 per cent of its overseas staff at some divisions, three sources with direct ...

Japan’s economy grew at a slightly slower pace than initially reported in the second quarter, hurt by downward revisions in corporate and household spending that point to a bumpier ...

Currently priced at $0.03 in its presale phase, Rexas Finance (RXS) has already reached significant benchmarks attracting interest from investors all around. Rexas Finance raised over $200,000 on the first day of ...

Bank of Cyprus shareholders on Friday approved the listing of the bank’s ordinary shares on the Athens Stock Exchange (ATHEX), pending a delisting from the London Stock Exchange (LSE). ...

HSBC is mulling the combination of its Commercial and Investment banking divisions to eliminate overlapping roles at the lender and cut costs, according to Bloomberg News, citing people familiar with ...

Australia plans to set a minimum age limit for children to use social media citing concerns about mental and physical health, sparking a backlash from digital rights advocates who warn ...

Britain’s financial watchdog said this week it had granted an extension for ‘naming and marketing’ rules aimed at tackling ‘greenwashing’, giving firms until April 2025 to comply. It said funds ...

The United Arab Emirates’ economy grew 3.4 per cent in the first quarter of 2024 compared with the same period the previous year, according to preliminary government estimates reported by the state ...

Microsoft (MSFT.O) held a summit this week to discuss steps to improve cybersecurity systems, after a faulty software update from CrowdStrike (CRWD.O) caused a global IT outage in ...

The Bank of Cyprus on Friday announced an immediate reduction in its reference rate for loans linked to the European Central Bank’s (ECB) base interest rate. According to the ...

Bank of Cyprus shareholders on Friday approved the listing of the bank’s ordinary shares on the Athens Stock Exchange (ATHEX), pending a delisting from the London Stock Exchange (LSE). ...

Gross betting revenue in Cyprus reached €287.8 million during the second quarter of 2024, according to the National Betting Authority. The authority clarified that this figure refers to both in-shop betting (Class ...

As blockchain technology continues to disrupt traditional industries, Rexas Finance (RXS) is emerging as a key player in the rapidly growing Real-World Asset (RWA) tokenization market. By utilizing blockchain to ...

Deputy Minister of Shipping Marina Hadjimanolis recently highlighted the importance of maritime education while speaking at the ceremony of the Merchant Marine Academy of Chios. During her speech, which took ...

Larnaca Marina’s berthing fees are “considered very competitive” compared to other commercial marinas on the island, according to the transport ministry. The ministry made the statement as part of ...

Magify, a Cyprus-based business intelligence and LiveOps platform for game developers, has raised €1 million in funding from Steam Power Investments, founded by former executives of Melsoft. According to an official ...

The Cyprus Chamber of Commerce and Industry (Keve) this week announced the establishment of the Cyprus-Baltic States Business Association. According to an announcement from the chamber, this initiative was implemented “...

Visitor numbers at restaurants, cafes and bars in Cyprus reached 90 per cent of their total capacity in August, according to Neophytos Thrasyvoulou, president of the Federation of Leisure Centre Owners (...