#business

Intel Corp (INTC.O) has backed away from its original target of opening a chip factory in the eastern German city of Magdeburg in the first half of 2023, regional newspaper ...

Twitter on Sunday said that it will remove accounts created solely for the purpose of promoting other social platforms and content that contains links or usernames. The move would impact ...

Egypt has discovered a large gas field in the Nargis block in the eastern Mediterranean, Petroleum Minister Tarek El Molla said on Thursday. Evaluation is still ongoing to determine the ...

Organisations are looking to expand their industry ecosystems as the next phase of digital transformation, technology sector analysts International Data Corporation (IDC) said this week predicting the future of the ...

The International Monetary Fund (IMF) executive board has approved a 46-month $3 billion financial support package for Egypt, saying it will catalyse additional funding of about $14 billion, the fund said in ...

Like many economists, Vanguard’s Joe Davis thinks the United States will experience a recession in 2023, and like many of his colleagues he does not think it will be a ...

Bitvavo, a Dutch cryptocurrency exchange, said on Friday it has 280 million euros ($296.30 million) locked at Digital Currency Group (DCG), a US-based company. “DCG is currently experiencing liquidity problems … As a ...

Limassol-based rating agency Capital Intelligence this week announced that it has upgraded the Long-Term Foreign Currency Rating (LT FCR) of the Bank of Cyprus (BoC) to ‘BB’, from ‘BB-‘. In ...

The Bank of Cyprus was named Bank of the Year in Cyprus for 2022 by the international magazine ‘The Banker’. According to an announcement from the Bank of Cyprus, Panicos Nicolaou, ...

Innovative company Irerobot is aiming to establish a significant presence in the EU research and development ecosystem, focusing on projects that have a positive human, social and environmental impact. The ...

By Maria Demertzis Central bank digital currencies (CBDCs) have become a reality in ten countries: a number of countries in the Caribbean plus Nigeria. As a digital equivalent of a ...

The average price for Russia’s Urals oil blend was $57.49 per barrel between Nov. 15 and Dec. 14, Russia’s Finance Ministry said late on Thursday, below the Western cap of $60. That ...

The island’s Finance Ministry on Friday said it will introduce a 15 per cent minimum corporate tax rate on multinational and domestic groups or companies with a combined annual turnover ...

Coal has made a comeback in Germany this year, as Europe’s largest economy turns to the dirty fuel to power it through an energy crisis. More than a third (36.3 ...

A group of media companies is set to argue on Friday to the US judge overseeing the FTX bankruptcy that they should be allowed to request that the collapsed crypto ...

Cyprus’ GDP is estimated to have reached a growth rate of 5.8 per cent for 2022, according to a report released on Friday by the Central Bank of Cyprus (CBC). However, in ...

Oil fell on Friday as the market assessed the aftermath of interest rates hikes at central banks, but was poised for the biggest weekly gains in 10 weeks amid supply disruption ...

Twitter on Thursday suspended the accounts of several prominent journalists who recently wrote about its new owner Elon Musk, with the billionaire tweeting that rules banning the publishing of personal ...

The Turkish central bank’s net international reserves leapt some $3.6 billion to $26.76 billion in the week to Dec. 9, hitting their highest level this year, central bank data showed on Thursday. ...

Some investors believe an expected recession will force the Federal Reserve to loosen monetary policy next year, even as the central bank projects it will raise rates higher than it ...

The board of directors of the state-owned Cyprus Asset Management Company (Kedipes) on Thursday announced that they have decided on a new payment to the state to the tune of €80 ...

Capital Intelligence Ratings (CI Ratings) this week announced that it has upgraded the Long-Term Foreign Currency Rating (LT FCR) of Hellenic Bank (HB) to ‘BB’ from ‘BB-‘ and affirmed the ...

Microsoft Corp (MSFT.O) said on Thursday its European Union cloud customers will be able to process and store parts of their data in the region from Jan. 1. The phased ...

Germany’s top regulator this week called for global regulation of the cryptocurrency industry to protect consumers, prevent money laundering and preserve financial stability. Mark Branson, the president of Germany’...