#business

Indian refiners have begun paying for most of their Russian oil purchased via Dubai-based traders in United Arab Emirates dirhams instead of US dollars, four sources with knowledge of the ...

Samsung Electronics Co (005930.KS) has agreed to pay $150 million to British nanotechnology company Nanoco Technologies to settle patent lawsuits over technology used in Samsung’s LED televisions, Nanoco and an ...

Nestle (NESN.S) will have to raise prices of its food products further this year to offset higher production costs that it has yet to fully pass on to consumers, ...

Lufthansa (LHAG.DE) and Air France-KLM (AIRF.PA) are circling collapsed UK regional airline Flybe to try to obtain its take-off and landing slots at London’s Heathrow Airport, Britain’...

Aieden Technologies recently released the Aieden Trendline Breakout and the Aieden Pivot Trendline Breakout Strategies, for the cTrader platform made available for download on their partner store ClickAlgo. These use ...

The global smartphone market continued to falter during the final quarter last year, with sales dropping by 18 per cent, for a total of 296.9 million units, according to a report released ...

Cyprus’ tourism revenues for the period between January and November 2022 are estimated to have amounted to €2.3 billion, coming close to pre-pandemic levels, according to a report released this week by ...

By Maria Demertzis Very little comes out of US policy these days that does not aim to either decouple from China or somehow reduce China’s global reach. The US ...

ChatGPT, the popular chatbot from OpenAI, is estimated to have reached 100 million monthly active users in January, just two months after launch, making it the fastest-growing consumer application in history, ...

German company AVIAREPS announced on Friday that it has been appointed to be the General Sales Agent (GSA) for Cypriot airline TUS Airways, representing the company in its key European ...

Transparency International has just released its 2022 annual ‘Corruption Perceptions Index (CPI)’ report. It makes grim reading for Cyprus, dropping down the rankings yet again. This is an independently produced report, ...

Cyprus’ Industrial Turnover Index recorded an increase of 21.3 per cent year-on-year in November 2022, according to a report released on Friday by the Cyprus Statistical Service (Cystat). According to the report, ...

Cryptocurrency exchange Kraken has shut its Abu Dhabi office less than a year after securing a license in the region, a spokesperson said on Thursday, as the company seeks to ...

The Chief Scientist for Research and Innovation of Cyprus Nikolas Mastroyiannopoulos announced yesterday the launch of an improved digital gateway for Cypriot certified innovative enterprises. Ignite Cyprus is a platform ...

Cyprus’ annual rate of inflation reached 7.1 per cent in January 2023, continuing its downward trend for the third consecutive month. According to a report published on Friday by the Cyprus Statistical ...

The Russian Finance Ministry said on Friday it would sell 8.9 billion roubles ($126.6 million) worth of foreign currency a day between Feb. 7 and March 6, an almost three-fold increase in the volume ...

Oil prices eased on Friday, with major benchmarks headed for their second straight week of losses, as the market awaited further signs of fuel demand recovery in China to offset ...

Volvo Cars is gearing up for an electric blitz to convert all its mainstay models – three SUVs and two sedans – into electric vehicles and to introduce a luxury electric van ...

Swiss federal prosecutors have launched criminal proceedings targeting the perpetrators of a 2022 leak of information on thousands of Credit Suisse (CSGN.S) accounts, they said on Friday. The leak covered ...

Turkish annual inflation dipped to 57.68 per cent in January, official data showed on Friday, but was well above forecasts despite a favourable base effect that is expected to carry on ...

Melco Resorts & Entertainment Limited, a company that develops, owns and operates integrated resorts across Asia and Europe, announced this week that it hosted President Nicos Anastasiades at the City ...

Net new lending in Cyprus stood at €3.23 billion in 2022, reflecting a 10 per cent increase compared to the previous year, despite the uncertainty created by the war in Ukraine, according to ...

The Association for the Protection of Borrowers (Syprodat) this week called for the creation of a Dispute Resolution Committee, in order to decongest the courts, describing this as “the only ...

Last year was the worst on record for cryptocurrency heists, with hackers stealing as much as $3.8 billion, led by attackers linked to North Korea who netted more than ever before, ...