#business

A digital euro will offer choice in making payments and is not a “Big Brother” project that seeks to control people, the European Union’s financial services commissioner Mairead McGuinness ...

Harmonised inflation in Cyprus rose by 6.1 per cent in March 2023 compared to the same period last year, according to a report released this week by the Cyprus Statistical Service (Cystat). ...

The European Parliament on Thursday overwhelmingly backed the European Union’s first set of rules to regulate cryptoasset markets. Parliament voted by 517 in favour and 38 against to approve the world’...

More than 4,000 accounts held by Russians in Cypriot banks could be closed over the next two months following the imposition of sanctions on a number of individuals in Cyprus, by ...

President of the Cyprus Bar Association Christos Clerides on Thursday said that the closing of bank accounts was strictly governed by the individual contract that a person has with a ...

National investment promotion agency Invest Cyprus on Thursday announced that it has officially joined the World Association of PPP Units & Professionals (WAPPP). WAPPP is a non-profit global association based ...

Crypto firms have been left scrambling to find banking partners after the collapse of three crypto-friendly lenders in the US last month, creating a risk their business will become concentrated ...

At Toyota Motor Corp’s (7203.T) sprawling factory here, just 16 miles (26 km) from the Alamo, a new gasoline-fueled Tundra pickup truck or hybrid Sequoia SUV rolls off the assembly line ...

US real estate stocks are struggling this year after a rough 2022, as fears that banks will tighten lending standards pile pressure on a sector already hit by higher interest rates. ...

British house prices increased by 5.5 per cent in the 12 months to February, the Office for National Statistics (ONS) said on Wednesday, slowing from January’s upwardly revised 6.5 per cent rise. ...

Cyprus’ National Electronic Health Authority and the Health Ministry are taking strides to address electronic health issues and are holding a lecture to inform the public about the progress they ...

Cypriot expat and business mogul John Christodoulou recently shared his experience of investing in real estate during the annual Real Estate & Construction Conference & Exhibition held at the Hilton ...

The Nicosia regional board of tourism (Etap) on Wednesday announced the successful completion of a two-day information session it recently held, which focused on educational tourism. The event, which was ...

Interest rates in Turkey are rising amid expectations that government policies will become more orthodox no matter who wins May 14 elections, and after a regulatory change to make holding Turkish ...

Chipmaker Intel Corp (INTC.O) said on Tuesday it has discontinued production of its bitcoin mining chip series, just a year after its introduction. A rout in the cryptocurrency market ...

Credit Agricole (CAGR.PA) and payment services company Worldline (WLN.PA) have begun exclusive talks to set up a joint venture to provide payment services to businesses and their customers, ...

A funding squeeze at Indian startups that has already led to layoffs and delayed stock listings is set to worsen as investors reckon with stretched valuations and faltering consumption growth, ...

Netflix Inc (NFLX.O) beat Wall Street earnings estimates for the first quarter but offered a lighter-than-expected forecast on Tuesday, demonstrating the challenges the mature streaming service faces in its ...

The US and Britain should make their rules for the crypto industry much clearer to prevent firms from developing in “offshore havens”, the chief of US crypto exchange Coinbase Global ...

Britain now has western Europe’s highest rate of consumer price inflation after it fell by less than expected in March to 10.1 per cent from February’s 10.4 per cent, official ...

Russian natural gas giant Gazprom (GAZP.MM) is setting up a Middle East unit, the company said in a regulatory disclosure on Tuesday. It did not reveal details. Several Russian ...

British budget airline easyJet on Tuesday released a six-month update on its results, ending March 31, 2023, which showed a £120 million improvement over the corresponding period of the previous year. The company, ...

A Johnson & Johnson subsidiary is again asking a US judge to pause tens of thousands of lawsuits alleging that the company’s baby powder and other talc products cause ...

The first phase of a scheme to transition hotel businesses to a circular economic model has begun in Cyprus, aimed at strengthening their competitiveness and resilience through sustainable practices. The ...