Business

Elon Musk’s artificial intelligence startup xAI is in talks to raise $4.3 billion through an equity investment on top of its $5 billion debt funding plans, Bloomberg News reported on Tuesday, ...

The Bank of Cyprus on Tuesday announced that it has successfully completed its share buyback programme. According to the bank’s latest submission on the Cyprus Stock Echange (CSE), the ...

Airbus (AIR.PA) struck a deal with budget airline VietJet (VJC.HM) for up to 150 single-aisle jets at the Paris Airshow on Tuesday, where industry hopes of a return to ...

A restructuring plan proposed by struggling British discount retailer Poundland will see the closure of 68 stores and rent reductions across other locations, it said on Tuesday. Last week, Warsaw-listed Pepco ...

Wall Street opened slightly lower while oil and gold rose as Tuesday marked the fifth day of fighting between Israel and Iran, with the risk of a widening conflict dampening ...

Dogecoin (DOGE)’s recent 6% surge made waves across social media, but the rally was short-lived. Within days, gains evaporated—reminding crypto investors once again of the volatility tied to hype-driven ...

Federal Reserve policymakers will begin a two-day meeting on Tuesday with escalating tensions in the Middle East risking a new commodity price shock and fresh US data expected to show ...

In the ever-competitive DeFi era, initial hype doesn’t always translate into long-term value. Sui (SUI), once celebrated for its architecture and scalability promises, is now facing a noticeable decline ...

Consumers will have to wait two more weeks to find out if the Electricity Authority of Cyprus (EAC) hikes its tariffs by 3 per cent, reports said on Tuesday. The matter ...

Shiba Inu (SHIB), one of the most popular meme coins in the market, is showing signs of fatigue. Once propelled by aggressive token burns and community-driven hype, SHIB’s momentum ...

Sterling was lower against the dollar on Tuesday as market focus stayed on developments in the Middle East, while traders await a closely-watched UK inflation print due on Wednesday and ...

The Crete–Cyprus electricity interconnection is moving steadily forward, but only until August, according to reports that emerged on Tuesday.   Nexans, the French cable contractor, has confirmed it will continue ...

The Cyprus Stock Exchange on Tuesday announced the acceptance of new government treasury bills for trading. Specifically, 25,000 treasury bills with a nominal value of €1,000 each have been introduced to the ...

Constantinou Bros Hotels, a hotel management company that owns and operates a group of luxury hotels in Cyprus, on Tuesday issued an interim profits forewarning for the first half of 2025. ...

There has been “no wave of cancellations” of tourist bookings in Cyprus in recent days while the conflict Israel and Iran has escalated, Cyprus chamber of commerce and industry (Keve) ...

Cyprus experienced a surge in exports, combined with a rise in tourist arrivals, during the first four months of 2025, according to a report released on Tuesday by the state statistical ...

Tourist arrivals in Cyprus rose by 13.7 per cent in May 2025, reaching a total of 479,160, compared to 421,400 in the same month last year, according to the state statistical service. For the ...

Eurobank, Fairfax Digital Services, Voicing.AI and Pixis on Tuesday announced the launch of Europe’s first enterprise-grade agentic AI voice platform for businesses, selecting Cyprus as the location for ...

The Bank of Cyprus on Tuesday announced that it has successfully completed its share buyback programme. According to the bank’s latest submission on the Cyprus Stock Echange (CSE), the ...

The Japanese shipping market is seeing a shift, with more owners recognising the role of technology in driving efficiency and sustainability, according to Limassol-based shipping company Columbia Shipmanagement (CSM). Meanwhile, ...

“The United States of America is never going to default, that is never going to happen,” said US Treasury Secretary Scott Bessent on June 1. History suggests that, when it comes ...

Cyprus and India have vowed to deepen economic ties, with president Nikos Christodoulides describing Indian Prime Minister Narendra Modi’s visit to the island as “historic,” marking a turning point ...

Asking prices for homes put up for sale in Britain have fallen by the most in 14 years for the time of year, according to data released this week that adds ...

British luxury carmaker Jaguar Land Rover lowered its fiscal 2026 earnings before interest and taxes margins forecast to 5 per cent-7 per cent on Monday from 10 per cent earlier, amid uncertainty in ...