Business

Deputy Tourism Minister Costas Koumis on Monday decried what he described as “unfair competition” from the north in the tourism sector. Questioned by Politis Radio over tour operator Tui’s ...

The European Union (EU) recorded a trade surplus of €40.4 billion in the second quarter of 2024, reflecting a decline from the €55.3 billion recorded in the first quarter of the year. According ...

The electricity authority (EAC) on Monday cancelled a meeting with the electricity market association (EMA) over what they described as a “violation” of an agreement on the EMA’s part ...

German business morale fell for a third consecutive month in August, a survey showed on Monday, pushing back recovery hopes for Europe’s largest economy. The Ifo institute said its ...

The Cyprus regional finals of the Startup World Cup 2024 are set to take place on Thursday, August 29, at the BrainRocket premises in Limassol. The event will spotlight the region’s ...

Demand for modern office spaces in Cyprus, particularly in Limassol, remains strong in 2024, as companies pursue energy-efficient buildings, according to a report released on Monday from property consultants Danos. The ...

The University of Cyprus’ Economics Research Centre (CypERC) is entering the second phase of its tax reform project, it emerged on Monday, after it had been tasked to come up ...

Oil prices extended gains on Monday on fears a major spillover in fighting from the Gaza conflict into the Middle East could disrupt regional oil supplies, while approaching US interest ...

A bill of exchange is a document that belongs to the category of securities and is a means of securing credit and servicing transactions. The only signature required for its ...

The value of Cypriot bonds held by the Eurosystem has decreased to €6.38 billion as the European Central Bank (ECB) continues its balance sheet reduction under its tightening monetary policy. These ...

Companies need to do more to get to grips with AI at board level to govern how it is being used and to minimise risks, a top official at Norway’...

Smartphone shipments in the Middle East, excluding Turkey, reached 11.5 million units in the second quarter of 2024, marking a robust 20 per cent year-on-year increase, according to industry analysts Canalys. The company ...

Pavel Durov, billionaire founder and CEO of the Telegram messaging app, was arrested at the Bourget airport outside Paris on Saturday evening, TF1 TV and BFM TV said, citing unidentified ...

Palo Alto Networks has projected fiscal 2025 revenue and profit exceeding Wall Street expectations, indicating strong demand for its cybersecurity products amid an increasingly complex digital threat landscape. Its shares rose ...

Battery maker Northvolt will shut down and shift development of lithium-metal battery technology from California to its R&D hub in Vasteras, Sweden, the company announced. The decision is ...

This week saw the Electricity Authority of Cyprus and private energy producers trading barbs over who is gouging consumers and who’s responsible for the high electricity prices. So what’...

Here are the top business stories in Cyprus from the week starting August 19: A total of 6.6 million passengers traveled through Cyprus’ airports between January and July this year, according to ...

A growing number of European Central Bank policymakers are lining up behind another interest rate cut in September and only major data surprises in the coming weeks could delay the ...

A new video game title launched by a Tencent-backed (0700.HK) startup has quickly become the most-played game on a major online platform, highlighting growing interest in Chinese-developed titles. “Black Myth: ...

AMD (AMD.O) said this week it plans to acquire server maker ZT Systems for $4.9 billion as the company seeks to expand its portfolio of artificial intelligence chips and hardware ...

Russian pork producers are aiming to capture 10 per cent of China’s pork import market in the coming years from a standing start, seeking to take advantage of trade tensions ...

Cyprus has seen its debt-to-GDP ratio drop to 72.3 per cent, marking a substantial decrease of nearly 10 percentage points over the past year. According to a report released on Friday from ...

The benefits of California’s revised bill that seeks to regulate how artificial intelligence is developed and deployed in the state likely outweigh the costs, Anthropic said this week. San ...

HSBC (HSBA.L) aims to double the assets under management in its British wealth business to 100 billion pounds ($131 billion) in the next five years, the division’s head told Reuters, ...