Business

HSBC has appealed to staff not to fight ​AI, saying it would destroy jobs while creating new ones, as banking rival Standard Chartered sought to ‌calm workers over comments that ...

A major economic summit focusing on the trajectory and contribution of the professional services sector will convene in Nicosia on June 4, 2026. The high-level gathering, officially titled the Fourth Professional Services ...

Chinese online retailer Temu has been fined €200 million by the European Commission for failing to properly assess the risk of illegal and dangerous products being sold to EU consumers through ...

Cyprus’ industrial production index recorded an annual increase of 4.7 per cent in March, according to a report from the state statistical service (Cystat). The service reported that the index reached 116.7 ...

The numbers do not lie, although they do not quite add up either. Not until you look closer. For the Cyprus property market, 2025 was a record-breaking year. Total transaction value ...

PwC Cyprus CEO-elect Andreas Yiasemides has stressed that artificial intelligence is “no longer a future ambition or a technology experiment taking place on the margins of day-to-day business”, describing it ...

Fuel prices in Cyprus are expected to fall within the next 10 days, following a recent drop in international oil prices, petrol station owners’ association chairman Savvas Prokopiou said on Thursday. ...

A small number of oil and LNG tankers have begun leaving the Gulf through the Strait of Hormuz, offering limited relief to Asian buyers, even as traffic through the key ...

Deputy Minister to the President Irene Piki this week said Cyprus and Italy can act as bridges of stability and economic interconnection between Europe, the Middle East and North Africa, ...

Deputy Shipping Minister Marina Hadjimanolis attended receptions hosted by Columbia Shipmanagement and Bank of Cyprus (BoC) in Athens, as Cyprus sought to strengthen its presence around Posidonia 2026, one of the ...

Cypriot startup Kyprium is aiming to transform the island’s recruitment sector through artificial intelligence, with founder Michalis Senekkis arguing that Cyprus must move away from informal hiring practices and ...

The Middle East crisis is increasingly spilling into labour markets worldwide, threatening jobs, incomes and working conditions as higher energy costs, disrupted transport routes, weaker tourism and tighter migration flows ...

Greek banks remain in a strong position despite recent weakness in their share prices, according to fresh assessments by Jefferies and UBS, with both investment houses maintaining positive recommendations for ...

Cyprus has an opportunity to turn land development and construction from a traditional economic sector into a driver of sustainable, technologically advanced growth, according to Interior Minister Constantinos Ioannou. Speaking ...

Wall Street is abuzz with next month’s expected blockbuster debut of Elon Musk’s rocket and satellite maker SpaceX, but few of the biggest IPOs in ​recent years have ...

US consumer confidence eased in May as worries about ​inflation linked to the war with ‌Iran intensified, offsetting an improvement in households’ perceptions of the labor market, a ​survey showed ...

The European Central Bank (ECB) published its May 2026 financial stability review on Wednesday, revealing that financial stability vulnerabilities remain elevated as a significant geoeconomic shock unfolds. According to the ECB, ...

The European Securities and Markets Authority (ESMA) has launched a consultation process regarding updated guidelines on standardised procedures and messaging protocols. This initiative is a critical component of the regulator’...

Russia has passed a law allowing its central bank and other financial institutions to operate their own defence systems and arm staff to repel drone attacks, a document published by ...

Total petroleum product sales in Cyprus fell by 5 per cent year-on-year in April 2026, as the island continued to feel the effects of rising fuel prices and broader energy market volatility ...

The rhythm of the working week in Cyprus remains more demanding than the European Union average, with new Eurostat data highlighting a clear divergence between the island’s labour market ...

The information and communication technology (ICT) sector in Cyprus faced a minor contraction in 2025, with the share of specialists in total employment falling to 4.9 per cent from 5 per cent in ...

The Cyprus Securities and Exchange Commission (CySEC) has announced proposed amendments to the fees payable by entities operating in the collective investment management sector, launching a public consultation on the ...

Video has become one of the most important communication tools in modern business environments. Organizations now rely on video for internal collaboration, employee training, customer engagement, marketing campaigns, virtual events, ...