Economy

Card payments the most popular method of non-cash payments

Card payments in Cyprus  stand out as the most popular method of non-cash payment transactions in Cyprus in volume terms, the Central Bank of...

European stocks drop as Trump’s tariffs upset markets

European shares retreated on Monday, joining a global selloff amid fears that U.S. President Donald Trump's latest tariffs could escalate into a broader trade war. Global...

Ex-Sen. Menendez sentenced to 11 years for corruption and bribery

Former New Jersey Democratic Sen. Bob Menendez was sentenced Wednesday to 11 years in prison following his conviction on bribery and corruption charges after...

Banking sector reports loan growth and nearly €1b deposit surge

Cyprus recorded a strong increase in banking activity in December 2024, as loan demand rebounded with a net increase of €503.2 million, while total...

Tech selloff deepens as DeepSeek triggers AI rethink

Japanese technology shares fell on Tuesday as a global market rout sparked by the emergence of a low-cost Chinese artificial intelligence model entered day two, with...