Business

Here are the top business stories in Cyprus from the week starting August 5: The Cypriot economy continues to display remarkable growth and resilience in the face of a challenging global ...

Shares of Airbnb (ABNB.O) slumped nearly 14 per cent on Wednesday after the online travel company forecast third-quarter revenue below estimates, citing slowing demand in the United States and shorter ...

Japan’s Honda Motor (7267.T) reported a 23 per cent increase in first-quarter profit this week as the automaker benefited from a weaker yen, higher pricing and growing hybrid vehicle sales ...

Shares of Germany’s Commerzbank (CBKG.DE) fell as much as 6 per cent earlier this week after it reported larger than expected loan loss provisions in the second quarter. The ...

WK Kellogg (KLG.N) plans to completely shut down its Omaha, Nebraska, plant by the end of 2026 under a reorganization that will also reduce the cereal maker’s headcount by ...

The way the Great Sea Interconnector is being promoted “bears serious risks and many problems,” the associations affiliated with the Cyprus Employers & Industrialists Federation (Oev) related to energy matters ...

Apple’s (AAPL.O) lucrative deal with Google (GOOGL.O) could be under threat after a US judge ruled that the Alphabet-owned search giant was operating an illegal monopoly. A ...

Continental (CONG.DE) delivered better-than-expected results this week and said the second half of the year would be even stronger as cost-cutting and restructuring measures underway at the German car ...

Robinhood (HOOD.O) beat Wall Street expectations for second-quarter earnings this week, as interest in meme stocks and cryptocurrencies soared, and said it continued to gain retail trading market share ...

Ralph Lauren (RL.N) beat first-quarter profit estimates on Wednesday as steady demand for its pricey denims and polo shirts in Europe and China offset slower sales in the US. ...

It is not always profitable for a modern business to have its own staff in all areas. In practice, in some cases, it is economically inexpedient and unprofitable, especially when ...

Forex trading offers vast opportunities but comes with significant ethical responsibilities. Navigating these challenges requires a keen understanding of transparency, client interests, regulatory adherence, and honest marketing. By focusing on ...

Under Armour (UAA.N) posted a surprise first-quarter profit on Thursday, benefiting from its efforts to cut inventory and promotions at a time when consumers are picky with what they ...

The way the Great Sea Interconnector is being promoted “bears serious risks and many problems,” associations affiliated with the Cyprus Employers & Industrialists Federation (Oev) related to energy matters have ...

Cyprus’ trade deficit for the first half of 2024 narrowed to €3.57 billion, down from €4.47 billion in the corresponding period of 2023. According to a report released on Friday by the Cyprus Statistical ...

Hellenic Bank on Friday reaffirmed its commitment to sustainability through a number of actions and initiatives outlined in its 2023 sustainability report. The report provides an in-depth look at the bank’...

The sharp sell-off in tech stocks has created opportunities to buy into profitable companies at a cheaper price, the chief investment officer of HSBC’s private bank said this week. ...

The Cyprus Chamber of Commerce and Industry (Keve) this week released a statement emphasising the strategic importance of the Cyprus-Europe electricity interconnection through Greece, highlighting its significance both for Cyprus ...

The total number of registered vehicles in Cyprus between January and July 2024 increased by 16.6 per cent, when compared to the same period in 2023, according to a report released this week ...

The Paris Olympics is giving a much-needed lift to the French economy thanks to increased consumer spending, according to a report from U.S bank card and financial transactions firm ...

Investors in large consumer-goods companies are having to up their stock-picking game, as a post-pandemic spending splurge dries up and increasingly price-sensitive shoppers start to erode corporate pricing power. Profit ...

The Bank of Cyprus (BoC) on Thursday announced a profit after tax of €270 million for the first six months of 2024, marking a 23 per cent increase compared to the same period ...

Britain’s jobs market showed further signs of cooling last month and employers increased pay more slowly, according to a survey which will form part of the Bank of England’...

Etihad Airways reported a 48 per cent increase first-half profit on Thursday, helped by an increase in passenger and cargo revenue, ahead of possible stock market listing of the Abu Dhabi ...