Business

The Housing Price Index (HPI) in Cyprus rose by 2.7 per cent in the third quarter of 2024, compared to the same period in 2023, marking the eleventh consecutive quarter of annual growth. ...

There is a favourable investment landscape for 2025, with expectations of growth and stability, according to two local experts. Spyros Ierides, CFA and fund management director at CISCO, and George Charalambous, ...

Mercedes-Benz’s (MBGn.DE) core car sales fell in 2024, a tough year for the auto industry marked by waning demand in a weak economy, especially in key market China, the ...

Shares in Britain’s Marks & Spencer and other retailers fell on January 9, with 2 billion pounds ($2.45 billion) wiped off the sector, as concern about ebbing consumer confidence and economic weakness ...

Here are the top business stories in Cyprus from the week starting January 7: The Cypriot property market demonstrated resilience in 2024, despite facing numerous challenges that are expected to persist into 2025. ...

By Miranda Xafa In an international environment of great turmoil and rapid change over the past year, Greece has stood out as a pole of political and economic stability in ...

The most destructive wildfires ever for Los Angeles may cause billions of dollars in insured losses, ratings agencies said this week, though many homes are likely uninsured. The wildfires burning ...

By Michael Timothy Bennett & Elija Perrier A new artificial intelligence (AI) model has just achieved human-level results on a test designed to measure “general intelligence”. On December 20, OpenAI’s ...

British households’ expectations for inflation rose in December, according to a survey that may add to concerns among investors about the slow pace of future interest rate cuts by the ...

Ryanair (RYA.I) plans to operate a full schedule of flights from Tel Aviv this summer and is hopeful that Ben Gurion Airport will reopen its shuttered Terminal 1, senior executive ...

Demetra Holdings shareholders have approved a resolution to sell the company’s shares in Hellenic Bank to Eurobank, according to an official statement released on Friday. The statement, which was ...

Samsung Electronics’ (005930.KS) preliminary fourth-quarter operating profit missed estimates by a large margin, with the South Korean tech giant hit hard by extra costs as it works towards providing high-end ...

In a first, the EU General Court ruled this week that the European Commission must pay damages to a German citizen for failing to comply with its own data protection ...

Quantum computing stocks sank on January 8, pausing a year-long rally, after Nvidia (NVDA.O) CEO Jensen Huang said the technology’s practical use was likely two decades away. The long ...

After years of delays, the Electricity Authority of Cyprus (EAC) will begin installing smart meters this month, starting with urban areas across the country. EAC spokesperson Christina Papadopoulou outlined the ...

Cyprus will resolve all technical issues necessary to join the Schengen area by 2025, President Nikos Christodoulides said on Friday. The political aspects of the matter have already been addressed, he ...

Tesla (TSLA.O) said on Friday it was recalling about 239,000 vehicles over an issue that could cause the rear-view camera to not display an image, but it could be resolved ...

The value of bounced cheques in Cyprus saw a significant decline in 2024, dropping by €1.15 billion to €617,873. This compares to €1.77 million in 2023, according to figures released on Friday by the Central ...

Hermes Airports CEO Eleni Kaloyirou on Friday said that Cyprus needs to adapt to evolving travel trends and transportation demands, particularly as climate change and shifting traveller preferences reshape the ...

Ethereum faces sharp losses, Solana advances with its Firedancer upgrade, Cardano rolls out technical enhancements, and JetBolt hits presale milestones. With these key moves, could altseason finally be here? The ...

US investors pulled out of equity funds and moved to the safety of money market funds in the week to Jan. 8 driven by uncertainties about the Fed’s interest rate ...

Sterling continued its slide on Friday, its fourth day of falls, as elevated global bond yields kept the currency under pressure. The pound was down 0.17 per cent against the dollar ...

Demetra Holdings shareholders have approved a resolution to sell the company’s shares in Hellenic Bank to Eurobank, according to an official statement released on Friday. The statement, which was ...

Alexandros Iosifidis, a seasoned engineer with 30 years at the Cyprus Shipping Chamber (CSC), has been appointed its new director general, effective from April 1, 2025. He succeeds Thomas Kazakos, who is slated ...