#business

Bitcoin isn’t the only asset experiencing a late summer slump. Stablecoins, cryptocurrencies typically pegged to real-world assets like the US dollar, have wilted to their lowest market capitalization in ...

Hackers who breached casino giants MGM Resorts International (MGM.N) and Caesars Entertainment (CZR.O) in recent weeks also broke into the systems of three other companies in the manufacturing, ...

The European Central Bank is done hiking interest rates and will stay on hold until at least July next year, according to economists in a Reuters poll, who said there ...

TechIsland, Cyprus’s leading tech business association, celebrated a significant milestone as it concluded the “Building Tech Islands: A Workshop on Attracting Foreign Tech Companies”. Held as a side event ...

Tourist arrivals to Cyprus witnessed a significant surge of 60,254 visitors in August 2023, a rise of 13.4 per cent compared to August 2022, primarily attributed to a remarkable increase of nearly 33,000 tourist arrivals ...

At factories in Japan’s industrial heartland, Toyota (7203.T) has turned to self-propelled assembly lines, massive die casting and even old-fashioned hand polishing as it aims to make up for ...

Societe Generale’s (SOGN.PA) much-hyped new strategy plans were given a thumbs down by investors on Monday, underscoring uncertainty over European banks as they face a brittle economy. As ...

Most leading euro zone banks have met a January 2024 target for issuing special debt to replenish capital in a crisis, but some need to do more to ensure they can, ...

At least $14.3 million worth of coal produced in areas of Ukraine annexed by Russia has been exported to NATO member Turkey this year, according to Russian customs data reviewed by ...

Deutsche Bank has partnered with Swiss crypto firm Taurus to provide custody services for institutional clients’ cryptocurrencies and tokenised assets, Taurus said in a statement on Thursday. The partnership means ...

A clutch of European and US delivery company startups is racing to serve the growing market for offering zero-emission, electric last-mile deliveries in cities to retailers and consumers before giant ...

Blockchain researchers say North Korea-linked hackers are likely behind a $70 million theft from crypto exchange CoinEx. CoinEx, which says it is based in Hong Kong, said on Tuesday on social ...

Chinese e-commerce giant Alibaba Group Holding Ltd (9988.HK) has told Turkish President Tayyip Erdogan it plans to invest $2 billion in Turkey. Michael Evans, president of Alibaba, made the comments in ...

Oil prices rose for a third straight session on Monday, buoyed by forecasts of a widening supply deficit in the fourth quarter after Saudi Arabia and Russia extended cuts and ...

EU-backed scientists are making progress in efforts to give people with impaired motor functions more independence. By Michael Allen In 2009, a former US policeman named Richard Marsh suffered a severe ...

Taiwan’s TSMC (2330.TW), which is making an unprecedented push into chip manufacturing overseas, is taking an increasingly optimistic view of Japan as a production base, two industry sources said, ...

A group of writers including Pulitzer Prize winner Michael Chabon sued Meta Platforms (META.O) in San Francisco federal court on Tuesday, accusing the tech giant of misusing their works ...

Here are the top business stories in Cyprus from the week starting September 11: President Nikos Christodoulides on Friday deflected media questions about the inflation and higher interest rates saying the ...

When Dutch airline KLM launched adverts urging customers to “fly responsibly” and think about the environmental impact before booking a flight, it said it was showing its commitment to a ...

The European Union’s financial services chief said on Wednesday that a draft law to underpin a digital euro should not be rushed out ahead of European elections next June ...

Adobe (ADBE.O), IBM (IBM.N), Nvidia (NVDA.O) and five other firms have signed US President Joe Biden’s voluntary commitments governing artificial intelligence (AI), which require steps such ...

Enterprise software maker Salesforce (CRM.N) on Tuesday launched a generative AI tool that would be available across its suite of apps from instant messaging service Slack to data visualization ...

The Cypriot startup, innovation and research ecosystem has grown considerably in recent years, according to Theodoros Loukaidis, the Director-General of the Cyprus Research and Innovation Foundation (RIF). During an interview ...

The CYENS Centre of Excellence recently held a meeting with the President of the House Commerce Committee, Kyriakos Hadjiyiannis, regarding the “Update on the issues and prospects of Centres of ...