Business

RCB Bank announced on Monday it will relinquish its banking licence – a formality completing the lender’s transformation into an asset management company. The decision was taken by the bank’...

Over 7,000 Greek Cypriots have applied to the Immovable Property Commission (IPC), according to the north’s ‘ambassador’ to Ankara. Ismet Korukoglu, in wide-ranging statements to Turkish media, hit out against ...

Oil prices slid 2 per cent on Monday after Chinese data showed that demand from the world’s largest crude importer remained lacklustre in September as strict COVID-19 policies and fuel ...

The euro zone is likely entering a recession with business activity contracting at the fastest pace in nearly two years this month as the cost-of-living crisis keeps consumers cautious and ...

Around two months ago I wrote an article about the traffic problem that exists coming into Nicosia from the highway, which is getting worse over time. In addition to the ...

The deputy tourism ministry said on Monday that renters operating on platforms such as Airbnb have registered about 2,000 units with the government, ahead of the February deadline to do so. ...

It is permissible to adjudicate disputes mentioned in the referral notice and not other claims The jurisdiction of an arbitrator should be limited to adjudicating disputes which are the subject ...

Israel’s Supreme Court on Sunday rejected petitions that would have held up a landmark US-brokered deal setting a maritime border with Lebanon, which Washington predicted could be finalised on ...

A public spat between the United States and Saudi Arabia will not deter top Wall Street executives and US business leaders from a flagship investment event starting on Tuesday where ...

The US government on Friday reported that its fiscal 2022 budget deficit plunged by half from a year earlier to $1.375 trillion, due to fading COVID-19 relief spending and record revenues fueled ...

South Africa’s financial watchdog has classified cryptocurrency assets as financial products, a notice in the government gazette said on Wednesday, enabling them to be regulated. In the brief notice, ...

During the last ten days the island was privileged to host two senior officials key to the energy future of Cyprus: European energy commissioner Kadri Simson, and Director, frontier exploration, ...

German online bank N26 said on Thursday it would begin allowing some customers in Austria to trade cryptocurrencies, in its first foray into the asset class. N26 said it would ...

The dozens of staff to be cut at Deutsche Bank’s (DBKGn.DE) investment bank include staff based in Britain, a person with knowledge of the matter said on Friday. ...

A US judge in Texas ruled on Friday that people killed in two Boeing (BA.N) 737 MAX crashes are legally considered “crime victims,” a designation that will determine what remedies ...

Cyprus has coped well with the two shocks of the pandemic and the war in Ukraine, taking advantage of the reforms implemented and its strong fiscal position, head of the ...

Planning permission and building permission are not the same thing, but both should be in place before construction starts A letter received by the Cyprus Mail (also sent to Interior ...

Purpose Communications 9+1 PR trends coming in 2023 By Dimitris Ioannides Over the past three years PR professionals across all industries have had to adapt, evolve and pivot to get their client ...

US firms developing a new generation of small nuclear power plants to help cut carbon emissions have a big problem: only one company sells the fuel they need, and it’...

The concept of a flying car is not new – inventors have been trying to add wings to wheeled motor vehicles for decades, with only limited success. Jim Dukhovny, founder of ...

Some investors believe Treasury yields are close to peaking, even as markets continue pricing in more hawkishness from a Federal Reserve bent on taming the worst inflation in decades. It’...

Brazil’s Nubank on Wednesday announced plans to release its own cryptocurrency as part of a new customer rewards programme. Warren Buffett-backed Nubank said in a statement the Nucoin digital ...

International rating agency Capital Intelligence on Saturday announced that it has upgraded the long-term rating of Cyprus in foreign currency to “BBB-“, from “BB+”. At the same time, the agency ...

Cyprus’ fiscal deficit reached €408 mln in 2021 and the fiscal debt corresponded to 101 per cent of GDP, the Cyprus Statistical Service (Cystat) announced on Friday. Announcing the financial results for 2021, which ...