#business

There was an increase of 16.69 per cent in the Construction Materials Price Index in August 2022, compared to the corresponding period in 2021, according to a report released this week by the ...

The Merge came, saw and conquered. Not that you’d guess from crypto prices. The Ethereum blockchain’s mega-upgrade finally went live on Sept. 15, moving it to a less energy-intensive “...

Fossil-fuel producers are minting money again. Yet Western financiers hoping to share in the spoils of a 1970s-style petrodollar boom will be disappointed. High energy prices, caused by Russia’s ...

The sleepy Tanzanian port of Mtwara mainly dealt in cashew nuts until late last year. Now it bustles with vessels loading up with coal, as Russia’s invasion of Ukraine ...

Hellenic Bank on Tuesday released its financial results for the first half of 2022, posting a profit of €55.4 million, compared to a profit of €21 million in the corresponding period of 2021. The ...

China’s crude oil imports from Russia in August surged 28 per cent from a year earlier, data showed on Tuesday, but it handed back its top supplier ranking to Saudi ...

The Cyprus hoteliers’ association (Pasyxe) on Monday announced that it plans to meet with Labour Minister Kyriacos Koushos in order to discuss the ongoing labour shortages in the tourism sector. ...

European governments outlined new measures on Monday to cope with potential energy shortages this winter and raced to improve energy networks to share power, with Russian gas flows still running ...

Fidera Limited and its operating partner Elements Capital Management on Monday unveiled the exterior design of Londa Residences, a high-end residential development in Limassol. The development involves the transformation of ...

Volkswagen (VOWG_p.DE)is targeting a valuation of up to 75 billion euros ($75.1 billion) for luxury sportscar maker Porsche, it said on Sunday, in what will be Germany’s second-largest ...

Shares slipped in Asia on Monday and the dollar firmed as investors braced for a packed week of central bank meetings that are certain to see borrowing costs rise across ...

Oil prices dipped on Monday as fears of a global recession caused concerns that fuel demand growth will slow, though supply worries ahead of the European Union embargo on Russian ...

Cryptocurrencies fell to fresh lows on Monday on regulatory concerns and as investors globally turned shy on risky assets with interest rate rises looming around the world. Bitcoin, the biggest ...

Banks’ cryptocurrency projects have been upended by US Securities and Exchange Commission (SEC) accounting guidance that would make it too capital-intensive for lenders to hold crypto tokens on behalf of ...

Apple Inc’s (AAPL.O) iPhone 14 models contain a Qualcomm Inc (QCOM.O) chip that can talk to satellites, but have additional custom-designed Apple components used in the phone’s ...

Bitcoin on Sunday dropped 1.54 per cent to $19,804, slipping from the 20,000 mark after losing $310 from its previous close. The world’s biggest and best-known cryptocurrency is down 58.9 per cent from the ...

By Ioannis Tirkides Ursula von der Leyen, President of the European Commission, delivered her annual State of the Union address before the European Parliament, on September 14. This is the occasion ...

The wearable band market has bounced back into growth with shipments rising 2 per cent during the second quarter of 2022, following a contraction of 3.7 per cent during the previous quarter, according ...

US government agencies must double down on digital asset sector enforcement and identify gaps in cryptocurrency regulation, the Biden administration said on Friday, citing their potential for misuse and harm ...

Samsung Electronics (005930.KS) will invest over 7 trillion won ($5.02 billion) by 2030 as part of sweeping environmental initiatives aimed at making the company carbon neutral by 2050, the world’s largest chip and ...

DataArt, a global software engineering firm, this week announced the opening of a new office in Cyprus. The company, which has received support from Invest Cyprus, the country’s investment ...

PwC Cyprus this week announced that it has bolstered its environmental, social and governance (ESG) consulting division through the addition of Chris Angelides, who will take an advisory role, assisting ...

Cyprus company Gain Venture Studios (GAIN) this week announced the increase of its participation in Cypriot startup 11Pets Ltd, resulting in the company becoming a majority shareholder in the firm. ...

Harmonized inflation in Cyprus continued to rise in August 2022, albeit at a slower pace than the previous month, registering a 9.6 per cent year-on-year increase, according to a report released on ...