What Italy’s Giorgia Meloni would mean for Europe
By Luigi Scazzieri
Italy’s election on September 25th is likely to result in a right-wing coalition government made up of Giorgia Meloni’s Brothers of Italy, Matteo Salvini’s ...
‘Artificial intelligence is a tool for human creativity, not a risk’
Cypriot scientist and academic Xenia Miscouridou speaks to PANIS PIERI about artificial intelligence, data science, working with Google, as well as being involved with research and innovation.
It is a ...
Accenture warns of forex hit amid strong IT services’ demand
Accenture Plc on Thursday warned this year’s dollar surge would hurt its fiscal 2023 results, even as robust demand for digital offerings helped the IT services major top quarterly earnings ...
German economic downturn deepens in Sept, outlook grim
The downturn in German business activity deepened in September, a preliminary survey showed on Friday, as higher energy costs hit Europe’s largest economy and companies saw a drop in ...
Oil prices edge down, recession fears back in focus
Oil prices fell on Friday amid recession fears and a stronger US dollar, though losses were capped by supply concerns after Moscow’s new mobilisation campaign in its war with ...
Turkey’s lira at fresh record low after surprise rate cut
The Turkish lira sank to a fresh record low on Thursday after the central bank delivered yet another surprise interest rate cut, this time of 100 basis points.
The CBRT cut ...
Kyndryl launch product to reduce IT infrastructure complexity
Kyndryl, one of the world’s largest providers of IT infrastructure services with offices in Cyprus, announced a new digital integration platform that gives businesses real-time access to valuable information ...
Cyprus and Romania build ties on cybersecurity, innovation and entrepreneurship
The visit of Deputy Minister of Research, Innovation and Digital Policy Kyriakos Kokkinos to Romania has been branded a success. The delegation focused on discussing cybersecurity, digital transformation matters and ...
Paphos shortlisted in European smart capital contest
The Paphos tourism board (Etap) this week has released a statement congratulating the Paphos municipality for competing among other cities in order to be designated as the European Capital of ...
Cyprus sees increased interest in digital nomad visas
Interior Minister Nicos Nouris on Thursday said that the government’s adoption of a new strategy designed to attract international businesses to Cyprus has led to significantly increased interest from ...
Cyprus Business Now
The Turnover Value Index of Wholesale Trade in Cyprus during the second quarter of 2022 rose by 33.4 per cent, compared to the corresponding quarter of the previous year, according to data ...
HSBC fund arm toughens thermal coal policy to curb climate change
HSBC Holdings Plc told Reuters on Thursday it will stop financing the expansion of thermal coal from funds it manages actively with immediate effect, marking an acceleration of a broader ...
No relief for bruised markets as Fed signals higher rates for longer
A Federal Reserve dead-set on fighting inflation is leaving little hope that this year’s rocky markets will end anytime soon, as policymakers signal rates rises faster and higher than ...
Bank of Cyprus bid makes case for lender buyouts
By Liam Proud
Banks usually make for tricky private equity targets. Turnoffs include demanding regulators and high leverage, which stops buyers from piling on further debt. But when prices are ...
Oil rises as supply fears outweigh recession worries
Oil rebounded on Thursday after sliding 1 per cent in the previous session as concerns over tight supplies heading into winter eclipsed fears of a global recession.
Brent crude futures rose 15 ...
Europe’s vegetable farmers warn of shortages as energy crisis bites
Emmanuel Lefebvre produces thousands of tonnes of endives on his farm in northern France annually, but this year he may abandon his crop because of the crippling energy costs required ...
Britain to examine competition in cloud services
Britain’s communications regulator said it would investigate the position of cloud “hyperscalers” Amazon, Microsoft and Google, which together account for around 81 per cent of revenue in the market, to ...
Europe burns cash to help businesses in deepening energy crisis
Germany nationalised gas importer Uniper (UN01.DE) on Wednesday and Britain capped the wholesale cost of electricity and gas for businesses, in Europe’s latest moves to keep the lights ...
Cyprus Business Now
Cypriot company Point Nine this week announced that its third annual conference was successfully held at the Four Seasons Hotel in Limassol on Friday, September 16, attracting a number of stakeholders ...
Nasdaq bets big on digital assets despite crypto turmoil
Nasdaq Inc (NDAQ.O) is placing a big bet on the cryptocurrency market, with the launch of a digital assets business that is aimed at tapping institutional investors.
The new ...
Boeing to slash nearly 150 finance jobs in US
Planemaker Boeing Co (BA.N) said on Tuesday it plans to cut about 150 finance jobs in the United States this year to simplify its corporate structure and focus more resources ...
What crisis? High-stakes crypto lending looks here to stay
On May 11, Scott Odell, an analyst at British crypto lender Blockchain.com, instant messaged Edward Zhao of Three Arrows Capital asking that the Singapore hedge fund repay at least part ...
Dollar sails at two-decade high as Putin rattles markets before Fed
The dollar jumped to a new two-decade high on Wednesday, as a decision by Russia’s President Vladimir Putin to mobilise more troops for the conflict in Ukraine rattled markets ...
Indonesia to tighten rules for crypto exchanges, ensure more local control
Indonesia’s trade ministry plans to issue a new rule governing crypto asset exchanges, requiring two-thirds of the board of directors and commissioners to be Indonesian citizens and reside in ...