The UK is home to the highest number of European unicorns, privately held startup companies valued at over $1 bln, with a total of 47 unicorn start-ups, according to MoneyTransfers. Germany takes second spot with 30 firms, while France is in third slot with 28. Sweden (8) and the Netherlands (7) follow a distant fourth
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Bank of Cyprus, the target of a failed takeover bid by a US-based investment fund, said Wednesday it improved first-half profits, further reduced its payroll and exposure to non-performing loans, and is on track to pay a dividend to shareholders. The January-June after-tax profit jumped to €50.75 mln, from €1.15 mln a year ago, with
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By Craig Erlam Stock markets in Europe turned lower again on Wednesday, while US futures are more mixed, similar to what we saw in Asia overnight. Conditions remain choppy in the aftermath of Jackson Hole last week. There’s clearly a lack of conviction in the markets following a lot of hawkish central bank commentary in
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Paphos was shaken by an earthquake recording a magnitude of 4.0 on Tuesday night, an aftershock of the larger January tremor, but no structural damage or injuries were reported. The Cyprus Geological Survey Department said the quake measuring 4.0 on the Richter Scale occurred at 11:42 pm, 45 km west of Polis Chrysochous and a
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Students and teachers will return to their classrooms in early September without having to wear face masks or take a COVID-19 test, the cabinet decided Wednesday. Encouraged by the improved epidemiological data, the cabinet reversed a previous decision that teachers and students wear masks in class. “After three years, we are in a position to
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Police suspect murder after the body of a Romanian woman was found in a vacated property in mid-town Nicosia. Police are now looking for her husband and another person believed to have been living with her. The body was found when a real estate agent and another person went to inspect the property at around
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An eight-year-old boy seriously injured in a dog attack in Limassol on Monday has been taken off a ventilator, as doctors say he is now out of danger. The boy attacked by a stray dog in Ayios Ioannis in Limassol is said to be in a stable condition in the Children’s Intensive Care Unit, at
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The global mobile apps market is expected to slow down in its growth this year, despite the size of the app market growing tremendously in the past two years, partly due to the pandemic. The global app market is expected to increase by just 5.7% in 2022, according to the numbers presented by SafeBettingSites.com, while in
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A ceasefire between Halloumi producers and the government comes into effect on Thursday, as an agreement over what makes the cheese special comes into effect. The news comes after dairy producers and officials met on Monday to ratify an agreement reached at the end of July, putting a temporary end to a dispute over Haloumi’s
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According to the Bar Association, some of Cyprus’ largest law firms lacked due diligence checks on foreign investors granted a Cypriot passport via the now defunct Citizenship for Investment scheme. In comments to Phileleftheros daily, Christos Clerides, the head of the Cyprus Bar Association, said it reviewed actions taken by some 20-25 big law firms
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