Business

Here are the top business stories in Cyprus from the week starting July 14: The finance ministry has “absolutely refused” to pay any money to Greece’s independent transmission system operator (...

Two small spaceports in the far north of Sweden and Norway are racing to launch the first satellites from mainland Europe into space as the region looks to reduce its ...

A year after Josh Schulman became Burberry’s (BRBY.L) CEO with a mandate to turn the British luxury brand around, investors say they’re pleased with early signs of ...

Oracle will invest $3 billion in Germany and the Netherlands over the next five years to bolster its infrastructure powering artificial intelligence and cloud offerings in the European market, the company ...

Avalanche (AVAX) held steady at $22.89 during the past week, showing minimal price movement despite significant ecosystem advancements. The Avalanche (AVAX)9000 upgrade, launched in 2024, slashed L1 deployment costs by 90%, boosting developer ...

Avalanche (AVAX) has been stuck below the $30 resistance for weeks, frustrating traders who expected more after the early 2024 altseason run. While AVAX stalls, a new DeFi token—Mutuum Finance (MUTM)—...

Ethereum (ETH) remains stuck around $3,100, trading at $3,113.50 as of July 18, 2025, despite robust ETF inflows. X posts note a brief spike to $3,560 on July 17, driven by $726.74 million in daily net inflows, ...

President of the hoteliers association (Pasyxe) Thanos Michaelides on Friday said hotel occupancy in July ranges between 80 and 85 per cent, stating that the flow of reservations is normal for this ...

Britain’s stock market finally appears to be reversing years of underperformance against the rest of Europe, as a UK/US trade deal, lighter regulation and cheap stocks deliver juicy ...

Swedish telecom equipment maker Ericsson (ERICb.ST) reported this week a swing to a bigger second-quarter adjusted profit than expected, helped by sales growth in North America and cost cuts, ...

Diageo (DGE.L) CEO Debra Crew has stepped down after two years in the job, the world’s biggest spirits maker has said, with finance chief Nik Jhangiani taking over ...

BMW Group announced this week a new partnership with Chinese autonomous driving company Momenta to jointly develop advanced driver assistance systems tailored for the Chinese market. The technology, designed for ...

Average house prices in the United Kingdom in May were 3.9 per cent higher than a year earlier, after a 3.6 per cent rise in the year to April, the Office for ...

Stellar (XLM) faltered, dropping 7% this week to $0.43, after a brief 6% surge tied to PayPal’s PYUSD stablecoin integration announcement. The decline follows a failure to break $0.50 resistance, with trading volume ...

Binance launched a Token Generation Event (TGE) platform for Binance Wallet, introducing a bonding curve model to streamline token launches on the BNB Chain. Developed with Alpha Finance, the platform ...

Britain’s financial regulator on Friday unveiled proposed measures aimed at safeguarding consumers who use buy now, pay later (BNPL) services. The draft rules include affordability assessments, improved access to ...

The summer crypto rush is heating up, and among all the contenders, Mutuum Finance (MUTM) is quickly becoming a standout. With its presale now 78% sold in Phase 5, over 13,500 holders, and ...

Cyprus’ working life expectancy has climbed to 39 years, placing the island well above the EU average of 37.2 years in 2024, according to Eurostat data released on Friday. The figure reflects the ...

The finance ministry has “absolutely refused” to pay any money to Greece’s independent transmission system operator (Admie) for the Great Sea Interconnector project, on account of the fact that ...

The construction materials price index reached 119.03 units in June, based on 2021 as the reference year, according to official data released on Friday. The Cyprus Statistical Service (Cystat) reported that this ...

President of the hoteliers association (Pasyxe) Thanos Michaelides on Friday said hotel occupancy in July ranges between 80 and 85 per cent, stating that the flow of reservations is normal for this ...

The Larnaca tourism board (Etap), in collaboration with local authorities and with the support of the Deputy Ministry of Tourism, is pressing ahead with a series of targeted interventions to ...

Deputy Minister of Research, Innovation and Digital Policy Nicodemos Damianou participated in the Informal Competitiveness Council of the European Union on Research, which took place in Copenhagen, Denmark, between July 16–17, 2025. ...

Cyprus has emerged as a key growth market for major Greek IT groups, which are steadily expanding their presence on the island while boosting their international reach across Europe. From ...