#business

A total of 130 countries representing 98 per cent of the global economy are now exploring digital versions of their currencies, with almost half in advanced development, pilot or launch stages, a ...

By Charles Ellinas The UN Sustainable Development Solutions Network (SDSN) has just published the 2023 edition of its annual ‘Sustainable Development Report’, and it does not make good reading for Cyprus. ...

Nike (NKE.N) is expected to forecast full-year profit below Wall Street estimates, as demand for the sportswear giant’s products from wholesalers such as Foot Locker (FL.N) and ...

Here are the top business stories in Cyprus from the week starting June 26: Bars and restaurants across Cyprus experienced a notable decline in occupancy rates, with the drop in guests ...

Exxon Mobil (XOM.N) has agreed to develop more than 6,100 lithium-rich acres in Arkansas with Tetra Technologies Inc (TTI.N), the second move this year by the oil giant for ...

Oracle Corp (ORCL.N) is spending “billions” of dollars on chips from Nvidia Corp (NVDA.O) as it expands a cloud computing service targeting a new wave of artificial intelligence (...

The Asian Development Bank approved on Thursday a $1 billion loan to help one of Philippines’ largest cities procure a fleet of more than 1,000 electric buses, in an important step towards ...

Cyprus tourism sector expects full recovery by 2024, with industry stakeholders cautiously optimistic as they navigate the current set of challenges By Kyriacos Nicolaou The recovery of the Cyprus tourism sector ...

Elevate Digital, a Paphos-based digital marketing agency, this week announced the launch of its first incubated startup, beincyprus. According to the announcement, the platform aims to make the transition to ...

The Economic Policy Uncertainty (EPU) Index in Cyprus has returned to more normal levels in spring 2023, indicating a significant decline in uncertainty one year after the start of the Russia-Ukraine ...

More than three-quarters of the population in Lombardy, Italy’s largest and most industrialized region, banked online last year, compared with the national average of 63 per cent, the Bank of ...

Borderless payments, sustainability and inclusion, as well as the exponential increase in payment options, are just three of the trends defining the upcoming economy, which will be more technologically advanced, ...

Inflation in the eurozone extended its decline in June as the cost of fuel tumbled, more than offsetting an acceleration in prices for services, a preliminary reading showed on Friday. ...

Invest Cyprus, the investment promotion agency of Cyprus, is focused on identifying and resolving the challenges faced by investors operating in Cyprus, in order to bolster efforts in transforming the ...

Tesla (TSLA.O) is set to report record vehicle deliveries, after the top electric vehicle maker increased discounts and other incentives to boost sales in the face of economic uncertainty ...

Britain’s economy made a lacklustre start to 2023 as inflation ate into households’ disposable income, official figures showed on Friday, and economists see a risk of recession ahead as higher ...

Bars and restaurants across Cyprus experienced a notable decline in occupancy rates, with the drop in guests ranging from 25 per cent to 30 per cent in June, according to Neophytos Thrasyvoulou, ...

Cyprus-based PropTech startup buildbuild, which develops software for managing construction projects and increasing their marginality in the small and midsize (SMB) sector, announced this week that it has raised $1.25 million ...

Following a decision by the Board of Directors of Alpha Bank Cyprus and the necessary approvals from regulatory authorities, Miltos Michaelas has taken on the role of CEO of Alpha ...

H&M (HMb.ST) shares hit a 16-month high on Thursday after its second-quarter profit beat estimates with its summer collection doing well as warmer weather arrives in Europe. ...

Binance’s European banking partner Paysafe Payment Solutions said on Thursday it will cease offering its embedded wallet solution to the US cryptocurrency exchange across the European Economic Area (EEA) ...

The Russian rouble weakened past 87 against the dollar to a 15-month low on Thursday, hampered by domestic political risk concerns after an aborted mutiny over the weekend, with market uncertainty ...

Preliminary data released by the state’s statistical service on Thursday revealed a 7.2 per cent increase in average gross monthly earnings for employees during the first quarter of 2023, compared to ...

According to data released by the Central Bank of Cyprus (CBC) this week, total deposits in May recorded a net increase of €164.8 million, reaching €52 billion. In addition, loans saw a ...