Amazon surges with record $190 billion gain in value
A day after Facebook owner Meta Platforms (FB.O) suffered the deepest loss of stock market value in history for a U.S. company, Amazon logged the greatest ever one-day ...
Top Platforms for Instant Instagram Followers Acquisition
In today’s digital age, the influence of social media cannot be underestimated. Many individuals and businesses hinge their success on platforms like Instagram, making it essential to amass a ...
Outfit7: ‘Game development starts with putting the user first’
American painter James Whistler believed that artists aren’t paid for their labour, but rather for their vision.
When creative possibilities are endless, a creator’s perspective, sense of aesthetics ...
Non-fungible tokens (NFTs): the next chapter in crypto
By Maria Demertzis
Non-fungible tokens, or NFTs, are the next hype in the crypto world. According to Collins Dictionary ‘NFT’ was the 2021 word of the year.
But what are they ...
Cyprus Business Now
According to the Cyprus Statistical Service (Cystat), inflation in Cyprus reached 5.4 per cent in January, while the Consumer Price Index (CPI) fell by 0.53 units to reach 104.57 units. The CPI stood ...
From Kisses to Kleenex, consumer-product makers plot price hikes
From Hershey to Clorox (CLX.N) and Kleenex maker Kimberly-Clark (KMB.N), major consumer-products companies have announced plans to boost US prices further or more broadly than previously proposed this ...
LNG terminal to be delivered by July 2023
Work to build the LNG terminal at Vasiliko is expected to start around the end of February with a view to delivering the multi-million-euro project by July 2023, the Cyprus News ...
Euro climbs after ECB’s ‘ground-breaking’ hawkish turn
The euro was on track on Friday for its best week versus the dollar since the COVID-19 pandemic hit, after a hawkish turn by the European Central Bank (ECB) sent ...
Chasing sky-high valuations, Dubai bankers switch to tech sector
Faced with deal fees in the Gulf region a fraction of those in markets elsewhere, many Dubai bankers are handing in their notices, attracted by the lure of cashing out, ...
Gatwick-owner Vinci sees 2022 profit surpassing pre-pandemic levels
France’s Vinci expects net income this year to exceed its pre-pandemic level in 2019, helped by a recovery in its airports arm that should bring those earnings close to breakeven.
...
Eurozone firms see wages rising by 3 per cent or more, ECB says
Eurozone companies expect wages to rise by 3 per cent or more this year as workers demand to be compensated for inflation and it becomes more difficult to find staff such ...
Britain scrambles $12 billion to soften 54 per cent household energy price blow
Energy prices for millions of Britons will soar from April after a 54 per cent hike to the regulatory price cap, forcing the government to stump up 9 billion pounds ($12 billion) of ...
Meta’s miss creates Big Tech divide: who’s got the data
Uh oh. Big Tech was cut in two on Wednesday, divided between companies that have great data and those that don’t, after Facebook owner Meta Platforms Inc (FB.O) ...
Cyprus Business Now
Interest rates for corporate deposits fell to a new historical low, reaching 0.02 per cent in December 2021, while the interest rate for household deposits remained unchanged at 0.06 per cent.
Compared to ...
ECB programmes see purchases of €6.56bln in Cypriot bonds
The total purchases of Cypriot bonds by the European Central Bank (ECB) amounted to €6.56 billion, under the Public Sector Purchasing Programme (PSPP) and the Pandemic Emergency Purchase Programme (PEPP).
According ...
Merck sees 2022 sales up nearly 20%, mostly on new Covid pill
Merck & Co said on Thursday it expects its 2022 sales to increase as much as 18 percent over last year, mostly on sales of its new COVID-19 pill, molnupiravir.
The drugmaker ...
President urges ministries to speed up LNG project
President Nicos Anastasiades on Thursday instructed government departments to do what they can to speed up the project for the import of liquefied natural gas (LNG).
A meeting held at ...
Bank of England hikes rates in clamour to contain spiralling inflation
The Bank of England raised interest rates to 0.5 per cent on Thursday and nearly half of its policymakers wanted a bigger increase to contain rampant price pressures, as the central ...
Turkish central bank begins distributing 2021 profits to shareholders
Turkey’s central bank said on Thursday it had decided to pay advance dividends from its 2021 accounting period and distribute its reserve fund from 2020 profits to shareholders, including the Treasury.
...
Lebanon’s savers to bear burden under new rescue plan
Two years into an economic meltdown the World Bank says is one of the worst recorded, Lebanon’s rulers have proposed a way to plug a huge hole in the ...
Tourism and Shipping Ministers welcome Royal Caribbean’s commitment to Cyprus
Deputy Ministers for Tourism and Shipping Savvas Perdios and Vassilis Demetriades welcomed the assurances by Royal Caribbean’s interest to invest in Cyprus, expressing their readiness to enhance the island’...
Cypriot fintech to take part in PwC startup programme
Cypriot fintech company WiRE, which mainly operates in the real estate market, announced on Wednesday that it has been accepted to participate in PricewaterhouseCoopers (PwC) UK’s Scale programme.
PwC’...
Greek tech fund PJ Catalyst sells Pollfish unit to US-based Prodege
Greek technology fund PJ Tech Catalyst, backed by Piraeus Bank (BOPr.AT) and the European Investment Fund, has agreed to sell its market research unit Pollfish to U.S.-based ...
Cyprus Business Now
The Cyprus Stock Exchange (CSE) and Athens Exchange Group (ATHEXGroup) announced on Wednesday their successful collaboration, resulting in the CSE becoming compliant with the Settlement Discipline Regulation, as of February 1...