Business

Stories of little investments turning into huge fortunes define the crypto market. Although Bitcoin (BTC) and Ethereum ( ETH) have shown amazing returns in the past, their high prices make them ...

Non-profit social venture and think tank CyprusInno, powered by SocialTech Lab, has successfully concluded the 2024 Academy for Women Entrepreneurs (AWE) in Cyprus, according to an official announcement. Now in its ...

Cyprus’ industrial producer prices decreased by 1.9 per cent in 2024 compared to the previous year, according to the latest data from the state statistical service. The Producer Price Index (PPI) for ...

By Maria Demertzis For all the talk about the harm of global tariffs and trade wars, the EU could give business a significant boost––while increasing its own revenues from ...

EU investment in the push for ever smaller and more powerful microchips is helping support innovation in AI, the space industry and beyond. By Anthony King On 1 June 2024, a spacecraft ...

Germany needs to overcome its structural weaknesses if it wants to keep its AAA credit rating in the long term, Eiko Sievert, executive director at European ratings agency, Scope Ratings, ...

France’s largest video game maker Ubisoft (UBIP.PA) will close its Leamington site in Britain and restructure operations at Ubisoft Düsseldorf, Ubisoft Stockholm and Ubisoft Reflections, impacting 185 employees, ...

Artificial intelligence data startup Turing, one of a growing number of companies that provide human trainers to AI labs, has said that its revenue tripled to $300 million last year as ...

BMW expects its earnings before taxes in the fourth quarter to be significantly below last year and for its full-year margin to be in the lower half of its 6-7 ...

In presenting his ‘State of the Republic’ address on Cyprus on January 29, President Nikos Christodoulides stressed that the goal of the policy actions to be taken in 2025 would be “to ...

After a record-breaking year in 2024, extending the tourist season, enriching the tourist product and developing new markets are the goals for 2025, deputy minister of tourism Costas Koumis said on Sunday. ...

Chief executives of global companies left their jobs in record numbers last year, pushed by intense scrutiny from investors and pressure to keep up with change, according to leadership advisory ...

Here are the top business stories in Cyprus from the week starting January 27: The Limassol Chamber of Commerce and Industry (Evel) has called for a comprehensive and environmentally conscious approach ...

By Stefanos Sofroniou The remarkable resurgence of the crypto industry marks a strong turnaround from the collapse of crypto-exchange FTX not long ago, with Bitcoin soaring from just $16,000 two years ...

Wind power generation in Germany – Europe’s largest wind producer – is on track to record its longest stretch of below-normal production since early 2021 due to a spell of low wind ...

Top computer chip equipment maker ASML has reported fourth-quarter bookings of 7.09 billion euros ($7.39 billion) that far exceeded expectations, as a boom in AI drove demand for the company’s most ...

A record EU antitrust fine of 4.3-billion-euro ($4.5 billion) imposed on Google seven years ago punished the tech giant over its innovation, the Alphabet unit (GOOGL.O) told Europe’s top ...

JPMorgan (JPM.N) is in talks to take overflow office space in Credit Suisse’s empty former offices in Canary Wharf, a source familiar with the matter told Reuters, having ...

Prices in British shops fell a bit less sharply in January than in December and food costs rose at the fastest monthly pace since April last year, according to a ...

Kyndryl, the world’s largest IT infrastructure services provider, with a presence in Cyprus, hosted a well-attended event on Thursday, January 23, 2025, focusing on IT readiness and modernisation.  Themed “Navigating IT ...

The Bank of Cyprus on Friday announced that it has responded to the European Central Bank’s (ECB) interest rate reduction decisions, lowering its reference rate for loans linked to ...

European banks are expected to report a sharp rise in profits for the final three months of last year, helped by still-robust margins from lending and bumper investment banking revenues. ...

HSBC (HSBA.L) is preparing to wind down its M&A and equity capital markets businesses in Europe, the UK and the Americas as part of a major shake-up ...

Morgan Stanley has forecast UK’s economic growth would be less than 1 per cent this year, echoing the estimate of its Wall Street peers Goldman Sachs and J.P.Morgan, ...