Business

The Association of Cyprus Banks on Monday announced that interbank and cross-border transactions will soon be completed in just 10 seconds, with the service being available round-the-clock. The new service will ...

Strong signs of a likely bull run in early 2025 entice investors to Shiba Inu (SHIB). A new and revolutionary cryptocurrency, Rexas Finance (RXS), is positioned to generate outstanding returns of 12,044% ...

The International Air Transport Association (IATA) has released new estimates for sustainable aviation fuel (SAF) production, revealing slower-than-expected growth. In 2024, SAF production reached 1 million tonnes (1.3 billion litres), doubling the 0.5 million ...

The value of Portuguese homes that changed hands in the third quarter rose 28 per cent to a record 9.05 billion euros ($1.04 billion), potentially aggravating a shortage of affordable housing, as interest ...

Toyota Motor’s (7203.T) global production decreased for a 10th straight month in November, the Japanese carmaker said, although its worldwide sales grew for the second consecutive month on solid ...

New Nike (NKE.N) CEO Elliott Hill’s plan to refocus on sports that are core to its brand like basketball and running allayed some investor worries on December 20, but ...

It’s been a brutal year to be in the battery metals business. Prices of lithium, nickel and cobalt collapsed in 2023 and have continued grinding steadily lower over the course ...

Demetris Skourides spoke with Souzana Psara about his transformative first year as Chief Scientist. He detailed significant strides in research and innovation, Cyprus’ growing role on the global stage, and ...

British business confidence fell to its lowest level of 2024 in December but employers were a bit more optimistic about the wider economy, while separate data showed a pre-Christmas rise in ...

Japan’s government is set to compile a record $735 billion budget for the fiscal year from April due to larger social security and debt-servicing costs, adding to the industrial world’...

Cyprus Chamber of Commerce & Industry (Keve) president Stavros Stavrou on Friday released a year-end statement reflecting on the country’s economic progress. In addition, Stavrou addressed various challenges on ...

By Ioannis Tirkides History is not just the outcome of personalities, competing platforms, or a matter of chance. It can be all of that at times. But history is cumulative ...

Britain began a consultation this week to review rules that force automakers to produce more electric vehicles, following industry warnings that the current plan could lead to factory closures and ...

Still, XRP’s stratospheric ascent in 2017 is among the most famous price movements in crypto history. At the beginning of the year, XRP was less than $0.01, but once the crypto ...

Total petroleum product sales in Cyprus fell by 4.7 per cent in November, compared to the same month in 2023, according to the Cyprus Statistical Service (Cystat). Despite the overall decline, kerosene ...

The US dollar was headed for an almost 7 per cent annual gain while Japan’s yen was set for a fourth consecutive year of losses on Friday, as traders anticipated ...

The Cyprus Securities and Exchange Commission (CySEC) on Friday published a consultation paper on amending the accepted languages for a prospectus. According to the commission, the approach proposed under this ...

Nicosia will host SESAM Identity 2.0, an architectural and cultural event, from March 1-10, 2025, according to an announcement released on Friday. Organised by EASA Cyprus NGO, the gathering will bring 150 participants, ...

The Greek government will hold an auction of three-month treasury bills (T-bills) on Tuesday, December 31, 2024, according to an announcement by the Public Debt Management Agency (PDMA). The auction aims to ...

Cyprus Chamber of Commerce & Industry (Keve) president Stavros Stavrou on Friday released a year-end statement reflecting on the country’s economic progress. In addition, Stavrou addressed various challenges on ...

Who would have imagined that what began as a niche concept with Bitcoin’s humble introduction in 2009 would evolve into a dynamic ecosystem of cryptocurrencies, decentralized applications, and transformative technologies? ...

Ethereum has long been a fundamental component of the cryptocurrency sector. Still, new entrants have found ways to outdo it because of scalability issues and an unexpected spike in fees ...

Turkey’s central bank cut its key interest rate by 250 basis points to 47.5 per cent on Thursday, a bit more than expected, launching an easing cycle meant to leave behind ...

Major European energy companies doubled down on oil and gas in 2024 to focus on near-term profits, slowing down – and at times reversing – climate commitments in a shift that they are ...