Business

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 ...

Spain’s minority government and the two largest trade unions agreed on Friday to implement a shorter work week with the same pay, although the change still needs to be ...

Cryptocurrency investors always look for the next great prospect. The most recent buzz revolves around Rexas Finance (RXS). With its fantastic expansion path and creative real-world asset (RWA) tokenizing mechanism, ...

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 ...

Tourist arrivals in Limassol are rising, offsetting the loss of the Russian market, according to Anthi Theocharous, VP of Tourism at the Limassol Chamber of Commerce (Evel). “Limassol absorbed a ...

British retail sales rose by a weaker-than-expected 0.2 per cent in November, according to official data which suggested consumers had overcome their worries about the new government’s first budget but ...

Cyta on Friday announced that it will adopt digital identity verification through the government’s Digital Citizen application This new service will start on December 23, 2024, with Cyta saying that this ...

Hoteliers in Kato Pyrgos Tilliria raised key concerns over staffing, connectivity, and beach upgrades during a meeting with Deputy Minister of Tourism Costas Koumis on Thursday. According to a statement, ...

The Cabinet has approved a new De Minimis Grant Scheme to support Cypriot businesses in participating in international trade fairs, following a proposal by Energy Minister George Papanastasiou. The scheme, ...

The Central Bank of Cyprus (CBC) has revised its GDP growth forecast for 2024 upwards by 0.2 percentage points, now expecting growth of 3.7 per cent. The revision is attributed to stronger domestic ...

The Central Bank of Cyprus (CBC) on Friday announced the launch of a comprehensive licensing and supervisory strategy aimed at enhancing oversight and governance of electronic money institutions and payment ...

Cyprus’ adoption of the 15 per cent minimum tax for multinationals entails both challenges and opportunities, according to Stelios Violaris, Tax Advisory Services Partner at PwC Cyprus. Violaris also highlighted the ...

Passengers passing through Cyprus’ airports in Larnaca and Paphos reached a record high on Friday, with traffic exceeding 12 million passengers, as was predicted earlier in the week. “This important achievement ...

Premium real estate developer is revolutionising workspaces in Cyprus, with the launch of a pioneering office hub, designed for the future, with quality and sustainability at its core. Tor Properties ...

The workforce in Cyprus’ broader public sector totalled 73,137 employees in the third quarter of 2024, according to a report released this week by the Cyprus Statistical Service (Cystat). For the first ...

Invest Cyprus on Thursday announced that it has being re-elected to the board of the ANIMA Investment Network. Invest Cyprus CEO Marios Tannousis, stated that “our re-election to the ANIMA ...

The world’s economic reckoning with the incoming Trump administration kicked off in earnest this week, with the US Federal Reserve flagging fewer rate cuts, a resignation in Canada over ...