Business

Cyprus recorded a 9.83 per cent enterprise birth rate and a 5.8 per cent business closure rate, positioning it moderately among EU countries for business growth and stability, according to a Eurostat ...

Former European Central Bank President Mario Draghi has issued a stark warning that Europe’s competitiveness is slipping amid intensifying economic challenges. In a recent report, Draghi called for urgent ...

The assignment agreement is increasingly being offered as a means of securing lending instead of a mortgage and is now being adopted more by banks for customer lending. The borrower ...

Growth in pay awards by British employers stagnated during the three months to September and firms expect average wage rises to cool over the coming 12 months, according to a survey ...

The European Union said this week it had joined forces with leading venture capital firms from the region to boost investment in tech innovation in Europe, amid concerns that Europe’...

Britain’s commercial property market is returning to life after its post-pandemic freeze, albeit largely at much lower prices. Some big-ticket office properties now on sale will show just where ...

By Waylon Cunningham Starbucks’ new CEO Brian Niccol has his work cut out for him. Tasked with reassuring investors that the company’s coffee shops are still hugely popular in ...

Lloyds Banking Group shrugged off fears of a bank tax hike in the UK budget next week, with CFO William Chalmers saying Britain’s biggest mortgage lender would play its ...

Video game platform Roblox (RBLX.N) has said that it plans to open an office in Turkey in line with local laws if access is restored to the platform, which ...

It has been over two-and-a-half years since ExxonMobil last drilled in Cyprus’ EEZ, but the company is about to come back. In an interview earlier this month the minister of ...

Here are the top business stories in Cyprus from the week starting October 21: A significant share of Cypriot wealth continues to languish in low-interest bank deposits, despite alternative investment options, ...

Shares in SAP (SAPG.DE) were up 5 per cent at market open on Tuesday, hitting an all-time high of 221 euros ($239.21) after the German software company raised its full-year targets on ...

Qualcomm (QCOM.O) has announced it is teaming up with Alphabet’s (GOOGL.O) Google to offer a combination of chips and software that will let automakers develop their own ...

Anthropic, a startup backed by Alphabet (GOOGL.O) and Amazon.com (AMZN.O), released a pair of updated artificial intelligence models this week, along with a new capability to autonomously ...

Dutch brewer Heineken’s (HEIN.AS) third-quarter sales figures beat forecasts earlier this week, buoyed by higher priced and non-alcoholic beers, but full-year guidance was left unchanged. The world’s ...

Scope Ratings has upgraded Cyprus’ long-term issuer and senior unsecured debt ratings to A- from BBB+, signalling a notable milestone as the country’s first A-level rating from a major ...

Cyprus has marked the best nine months ‘of all time’ in tourism this year, according to Deputy Minister of Tourism Costas Koumis. Making statements at the opening of the Cyprus ...

The Central Bank of Cyprus reported on Friday that total loans in Cyprus increased by €107.3 million in September, reversing a decline recorded in the previous month. This growth was primarily ...

By Charles Ellinas Finally, some good news about the beleaguered LNG import project in Cyprus. Energy Minister Giorgos Papanastasiou confirmed in parliamentary hearings that an agreement has been reached with ...

Cyprus’ Composite Leading Economic Index (CCLEI), maintained by the University of Cyprus’ Economics Research Centre (CypERC), recorded a year-on-year increase of 1.1 per cent in September 2024. This follows annual growth rates ...

The European Union, rushing to develop a 9 million euro joint purchasing mechanism for critical minerals and energy, is choosing between eight bidders vying to develop a platform, documents showed and ...

Amazon.com (AMZN.O) is imposing severe price caps on what merchants can charge for their products on a new low-cost storefront that the e-commerce giant is preparing to launch, ...

Robinhood recently launched its long-awaited desktop platform and added futures and index options trading features to its mobile app, as the fintech firm aims to take market share from traditional ...

IBM (IBM.N) released the latest version of its artificial intelligence models catered towards businesses this week, looking to capitalize on the surge in enterprises adopting generative AI technology. “Granite 3.0” ...