Stay informed with the latest business and economy news from Cyprus and around the globe. This section covers key developments in finance, energy, tourism, technology, entrepreneurship and the corporate sector.
The court has power to issue an order for the cancellation of a mortgage when the obligation secured has been paid off or ceased to exist
A mortgage creditor has ...
Japan is stepping up efforts toward issuing a digital yen with the creation of a government advisory panel and the launch of a pilot programme, joining a growing number of ...
Following the consistent growth of cryptocurrency, more individuals intend to invest in the industry as part of their investment strategy. Before investing, most investors already know which crypto to buy, ...
“Every organisation’s competitive advantage is its people, and we are committed to creating diversified, inclusive, high-performing and profitable work environments,” Anna Prodromou, Consultant, trainer, author & speaker, Anna Prodromou ...
The bank created by the UBS (UBSG.S) takeover of Credit Suisse (CSGN.S) is poised to reduce its workforce by 20-30 per cent, Swiss daily Tages-Anzeiger reported on Sunday, ...
The inflation rate in Cyprus is declining, but is still high [at 6.7 per cent in February 2023]. Interest rates are very low, 1.29 per cent for household deposits and 1.27 per cent for ...
Tesla Inc (TSLA.O) investors are waiting to see how much Elon Musk’s price cuts will pay off: the electric vehicle (EV) maker is expected this weekend to report ...
By Maria Demertzis
The early March failure of Silicon Valley Bank (SVB) in the United States, and the sale of Credit Suisse to UBS in Switzerland are reminders of an ...
Car services groups on Friday warned a stalled EU proposal to ensure fair access to valuable vehicle data could pave the way for unfair competition from US and Chinese tech ...
Norges Bank Investment Management will vote against the re-election of Credit Suisse (CSGN.S) Chair Axel Lehmann and six other directors at the Swiss lender’s annual general meeting on ...
The New York Times NYT.N will not pay a monthly fee to get verified check mark status on Twitter, a spokesperson for the newspaper said hours after it lost ...
After more than a decade of experience in sales, business consulting, business development, and branding, Raluca-Ioana Man realised what drives success and expansion. “It is not just about having a ...
As a leading pioneer of Cyprus’ entrepreneurial scene, Antigoni Komodiki is the CEO of Junior Achievement Cyprus, and her role includes the leadership and sustainability of the organisation, leading her ...
As Europe weans itself off fossil fuels, local energy networks are tapping renewable sources to fill the gap and cut consumer bills.
By Andrew Dunne
They might look like ordinary ...
Microsoft-backed OpenAI is no longer the only game in town for software developers looking to capitalize on an expected $90 billion market for artificial intelligence.
Motivated by a wariness of relying ...
Synopsys Inc (SNPS.O) on Wednesday rolled out new artificial intelligence tools designed to get better results faster in the various stages of designing computing chips.
Synopsys makes software that ...
Cyprus will run for spot on the board of the International Maritime Organisation (IMO), President Nikos Christodoulides said on Saturday.
He said in this way Cyprus would be able to ...
One of the most popular cryptocurrencies, Bitcoin is no longer the “untouchable” digital asset that it once was. However, subsequent negative price action and regulatory controls have led to Bitcoin ...
The average gross monthly earnings of employees in Cyprus is estimated to have reached €2,546 during the fourth quarter of 2022, according to a report released on Friday by the Cyprus Statistical ...
The Federal Deposit Insurance Corporation (FDIC) has retained advisers to sell the securities portfolios that the new owners of failed Silicon Valley Bank and Signature Bank rejected, according to people ...
The United Arab Emirates’ central bank on Friday said it will cancel the licence it granted last year to Russia’s MTS bank, which was placed under British and US ...
Britain’s digital banks will need support over the next few weeks and months to help them cope with the market fallout from the collapse of Silicon Valley Bank, a ...
Finance Minister Makis Keravnos met on Friday with Central Bank Governor Constantinos Herodotou to discuss issues in the banking system, a day after he had met with the heads of ...
As the dust settles on a surprise move by Switzerland to write down $17 billion of bonds under Credit Suisse’s rescue, the market for debt designed as a shock absorber ...