Business

Cyprus on Friday signed a natural gas exploration and production sharing contract for an offshore field in its Exclusive Economic Zone (EEZ) with ExxonMobil and Qatar Energy. The two will ...

When people hear the word ‘cryptocurrency’, they immediately think of bitcoin. Yet, bitcoin is just one of many different types of cryptocurrency out there. There are currently hundreds of different ...

Italy’s antitrust watchdog said on Thursday it had fined Amazon 1.13 billion euros ($1.28 billion) for alleged abuse of market dominance, in one of the biggest penalties imposed on a US ...

Banks need to rethink their business model to be able to better compete with financial technology (fintech) companies, Central Bank of Cyprus governor Constantinos Herodotou said at the Banking Forum ...

The total sales of motor vehicles decreased by 9.4 per cent year-on-year between January and November of 2021, according to a report by the Cyprus Statistical Service (Cystat). Meanwhile, total registrations in ...

Venus Minerals has announced that it has revised its mineral resource estimate at Kokkinoyia by 240 per cent The Kokkinoyia sector is part of the Magellan Project, 100 per cent owned by ...

The Central Bank of Cyprus (CBC) has slapped a €790,000 fine on Bank of Cyprus for the latter’s violation of certain provisions of the law relating to money laundering. In ...

By Kathy Tzilivakis As the world’s newest Nobel Prize laureates gather for Nobel Week, EU Commissioner Mariya Gabriel speaks about the incredible advancements made by scientists and the EU’...

French carmaker Renault (RENA.PA) on Wednesday received a blow for its popular Zoe electric model, as the European New Car Assessment Programme (NCAP) gave it a zero-star safety rating ...

The United Arab Emirates will allow the creation of companies for acquisition or merger purposes, the Economy Ministry said on twitter. The move is part of a series of amendments ...

The government plans to go ahead with taxation reform after 20 years, including raising the corporation rate and introducing carbon tax and fossil fuels taxes to achieve the country’s environmental ...

In a world where decentralised digital coins have become one of the biggest investment vehicles, many people purchase crypto for the purpose of trading and earning a profit. However, many ...

The Research and Innovation Foundation (RIF) unveiled on Wednesday three new programmes of a total budget of €13 million, in the framework of Cyprus` recovery and resilience plan. The programmes were ...

The future sustainability of the banking sector in Cyprus hinges on cutting costs for banks, including through the closure of branches and the downsizing of staff numbers, Hellenic Bank CEO ...

Cypriot airline Cyprus Airways announced on Wednesday that it has commenced ticket sales for its winter destinations for this year. The Larnaca-based airline will operate flights to Greece, the United ...

The University of Cyprus announced on Wednesday that it has signed a partnership agreement with the Cyprus Marine and Maritime Institute (CMMI). The partnership will encompass cooperation in the fields ...

The European Commission and the High Representative for Foreign Affairs and Security Josep Borrell, announced earlier this month the launch of a new €300 billion infrastructure programme to bolster digital, energy ...

Amazon.com Inc’s (AMZN.O) push to recruit big-rig contractors to haul goods across its web of warehouses is colliding with a trucker shortage as the e-commerce company moves ...

The European Commission set out plans on Wednesday to retaliate against countries that put economic pressure on EU members to change their policies, while stressing the main purpose was deterrent. ...

UK-based environmental, social and governance (ESG) equity funds saw a record 1.5 billion pounds ($2 billion) in inflows in November as COP26 climate talks spurred investor interest in sustainability, according to funds ...

Cyprus’s Shipping Deputy Minister Vassilios Demetriades has called upon the sector’s community to work towards a sustainable future for shipping, with recognition and protection of seafarers, especially in ...

Visa Inc (V.N), the world’s largest payment processor, on Wednesday launched a global crypto advisory service for clients such as banks and also merchants, as the adoption of ...

The European Commission will propose on Wednesday a new trade defence measure designed to combat non-European Union countries wielding undue pressure on any of the bloc’s members, but the ...

In a letter to Minister of Labour and Social Security of Cyprus Zeta Emilianidou, the Cyprus Chamber Of Commerce and Industry has voiced its disapproval for a remote working mandate. “...