Cyprus Mail

Cypriot lender AstroBank has announced the launch of the three-year AstroBank Target Maturity Fund 2027, which aims to capitalise on the current bond yield environment. In its announcement, the company explained that this move aims to expand “its range of innovative products”. The new fixed maturity mutual fund is aimed...

Oil prices fell in early Asian trading on Monday, erasing gains from Friday as Israel-Hamas peace talks in Cairo eased fears of a wider conflict in the Middle East and US inflation data further dimmed the prospects of interest rate cuts anytime soon. Brent crude futures fell by as much...

In Gaza City, in the north of the strip, Israeli planes struck two houses, killing and wounding several people, health officials said. The strikes on Rafah, where over a million people are sheltering from months of Israeli bombardment, came hours before Egypt was expected to host leaders of the Islamist...

Nominations for presidents and members of 86 Limassol community councils are being submitted on Monday, in eleven villages and at the Limassol district administration. Each nomination document must be signed by two registered voters, one as proposer and one as supporter, whose names are included in the electoral roll of...

Monday will be sunny with episodes of dust. Showers or a brief thunderstorm are expected in the mountains and possibly in the interior in the afternoon. Temperatures will rise to 33C inland, 29C on the south, east and north coasts, 25C on the west coast, and 22C in the higher...

Upcoming quarterly reports from US tech giants may show Microsoft (MSFT.O) is closing the gap on cloud-computing market leader Amazon.com as more businesses switch to its services, attracted by a clutch of generative AI features that are powered by OpenAI’s technology. The Redmond, Washington-based software giant has beaten rivals Amazon...

Heineken (HEIN.AS) sold more beer than expected in the first quarter, reporting its first year-on-year growth in quarterly volumes in a year, as it kept its 2024 profit growth forecast. The world’s second-largest brewer has said that beer volumes rose 4.7 per cent organically in January-March, beating the 2.5 per...

A spike in power usage from artificial intelligence (AI) data centers could significantly boost natural gas demand in the second half of the decade, analysts at investment banker Tudor Pickering Holt & Co said in a recent report. As much as 8.5 billion cubic feet per day of natural gas...

German email service Tuta Mail has complained to European Union tech regulators about what it described as a sudden drop in Google search results on the day the bloc’s new tech rules kicked in. The European Commission last month launched investigations into Alphabet (GOOGL.O) unit Google, Apple (AAPL.O) and Meta...

Manchester City took another step in their bid to win a fourth consecutive Premier League title with a 2-0 victory over relegation-threatened Nottingham Forest on Sunday, with Josko Gvardiol and Erling Haaland on target. Pep Guardiola’s men kept the pressure on leaders Arsenal, pulling to within a point of the Gunners —...