Business

Global spending on cloud infrastructure services climbed by 21 per cent during the third quarter of 2024, reaching $82 billion, according to technology industry analysts Canalys.  The surge was fuelled by heightened investments ...

Investors have poured a record $600 billion into global bond funds this year, taking advantage of some of the highest yields in decades ahead of an uncertain 2025. Dwindling inflation has finally ...

The year ahead is shaping up badly for Europe with its financial markets already hit hard by US tariff fears and political turmoil in France and Germany, yet some investors ...

Italy’s growth rebound from the COVID-19 pandemic is petering out much faster than expected as structural weaknesses resurface, raising risks for the fragile public finances of the euro zone’...

US liquefied natural gas exports are on track to climb to new highs in 2024, as record domestic natural gas production spurred the 10th straight year of volume growth in the ...

Germany’s economic downturn eased slightly in December but business activity still contracted for a sixth month running, according to a survey. The HCOB German flash composite Purchasing Managers’ Index, ...

Government budgets are the main instrument of economic policy that determine how resources are to be allocated and collected from various interest groups. On Wednesday, MPs voted to approve the ...

Here are the top business stories in Cyprus from the week starting December 16: Limassol’s share of the 2025-2027 state budget has drawn the ire of the Limassol Chamber of ...

In an age of smart machines, EU-funded researchers are ensuring that they are being designed with sustainability and societal well-being in mind. By Jack McGovan Machines have always fascinated Dr ...

The chief executive of Arm (O9Ty.F) has downplayed the company’s ambitions to become a chip supplier in its own right at a trial against Qualcomm, a major ...

Bitcoin hit a record high above $107,000 on Monday after President-elect Donald Trump reiterated plans to create a US bitcoin strategic reserve, stoking the enthusiasm of crypto bulls. Here’s how ...

Average asking prices for newly listed houses and apartments in Britain fell by 1.7 per cent in December, but activity was robust for the time of year as movers aimed to ...

Pfizer (PFE.N) this week forecast 2025 profits roughly in line with Wall Street expectations, offering some relief to investors after a tumultuous year during which it attracted criticism from activist ...

News-wise, the Great Sea Interconnector had had quite the week: first the leaking of two reports casting major doubts over the endeavour, followed almost instantaneously by the revelation that a ...

Space startups in Japan and India said on Tuesday they had agreed to jointly study using laser-equipped satellites to remove debris from orbit, an experimental approach to the increasingly imminent ...

Bank of Cyprus and Hellenic Bank on Friday announced a new raft of measures aimed at supporting vulnerable borrowers. The developments come after meetings at the presidential palace earlier in ...

By Charles Ellinas Developments in Syria have been precipitous and momentous. Ahmad al-Sharaa, the leader of the Sharaa’s Hayat Tahrir al-Sham (HTS) group that deposed al-Assad last Sunday, has ...

The decline in eurozone business activity eased this month as the bloc’s dominant services industry bounced back to growth and offset a long-running contraction in the manufacturing industry, a ...

The lead European Union data privacy regulator for Meta (META.O) has fined the social media giant 251 million euros ($263.5 million) for a 2018 Facebook security breach that affected 29 million users. Meta ...

British manufacturers have reported the sharpest loss of confidence since the start of the COVID-19 pandemic in the face of higher costs including tax increases by the new government, according ...

The European Central Bank should continue to cut interest rates in small steps and resist the temptation of trying to prop up growth in a currency bloc that suffers largely ...

Cyprus’ general government recorded a surplus of €867.5 million during the third quarter of 2024, according to preliminary data released on Friday by the state’s statistical service. This figure remains close ...

The Central Bank of Cyprus (CBC) on Friday said that it is assessing the capital needs of banks in light of escalating macroeconomic and geopolitical risks. Speaking during a briefing ...

Tesla (TSLA.O) said on Friday it was recalling 694,304 vehicles in the United States over an issue with the tire pressure monitoring system (TPMS). The TPMS warning light may not ...