Business

Here are the top business stories in Cyprus from the week starting October 14: Rising interest rates, which have resulted in increased borrowing costs, have weighed heavily on mortgage demand in ...

The Construction Materials Price Index recorded a slight decrease on an annual basis for September 2024, according to data from the Cyprus Statistical Service. The index reached 117.27 points during this time, ...

Netflix (NFLX.O) picked up 5.1 million streaming subscribers in the third quarter, topping Wall Street estimates by more than 1 million, and said it expected higher customer growth around the holidays ...

Warner Bros Discovery will launch its Max streaming service across seven Asian markets on Nov. 19, making the platform available in more than 72 markets, the media giant said this week. Warner ...

Cyprus has developed into a modern, effective and comprehensive shipping hub and is now the biggest shipping management centre in Europe and one of the three largest in the world, ...

In the exercise of its discretion, the court may invoke the law of equity and order the specific performance of an agreement relating to immovable property, in the context of ...

The Deputy Ministry of Tourism on Friday outlined the need to address long-standing challenges in the tourism sector, in order to maximise its performance and boost the Cypriot economy. Initiatives ...

Shares of Nvidia (NVDA.O) closed at their highest ever on Monday, putting the heavyweight AI chipmaker on the brink of dethroning Apple (AAPL.O) as the world’s most ...

Sweden’s Ericsson (ERICb.ST) said on Tuesday the telecom equipment market is showing signs of improvement after reporting third-quarter core earnings and sales above expectations, helped by a rebound ...

Nestle (NESN.S) is revamping senior leadership and its operating structure, the food giant said on Thursday, as it cut its full-year sales outlook following weaker than expected nine-month underlying ...

Cyprus’ gross domestic product (GDP) in nominal terms (current prices) reached €31.34 billion in 2023. This marks a growth rate of 6.5 per cent, according to the major revision of national accounts for 1995–2022 ...

Limassol is undergoing an unprecedented real estate boom that has captured the attention of investors and homebuyers. With developers and projects like YOO Limassol setting new standards in luxury living, ...

Cyprus, with its sunny climate, beautiful beaches and rich heritage, is undoubtedly an attractive destination for many. But did you know that it’s also a burgeoning hub for cryptocurrency? ...

Britain’s smaller listed companies can reverse a “doom loop”, driven by plummeting valuations and higher costs and regulation, with help from broader tax exemptions and incentives, a think tank ...

The Deputy Ministry of Tourism on Friday outlined the need to address long-standing challenges in the tourism sector, in order to maximise its performance and boost the Cypriot economy. Initiatives ...

Fiscal Council president Michalis Persianis on Friday raised concerns over the growing trend in consumer loans, which, according to him, are being granted easily by some banks without collateral. He ...

Cash-strapped electric luxury sedan maker Lucid (LCID.O) said on Thursday a combined public offering and private placement of roughly 637 million shares would likely fetch it $1.67 billion. The stock sale ...

After selling the third stage presale in record time with high demand, DTX Exchange (DTX) has entered the fourth stage. According to the DTX team, this quarter will be special ...

Cyprus advanced its space ambitions as the Cyprus Space Research and Innovation Centre (C-SpaRC) recently showcased key developments in its space programme. The Cyprus Space Exploration Organisation (CSEO) described C-SpaRC ...

Businesses in Cyprus are strengthening their cybersecurity measures in anticipation of the European Union’s network and information security directive (NIS 2). The new directive comes into effect across all 27 EU ...

Seven of the 10 big developed-market central banks tracked by Reuters have now started easing policy, with expectations of how quickly each will move swinging back and forth as policymakers stress ...

The number of tourists arriving in Cyprus reached 509,463 in September 2024, up from 487,350 in September 2023. This marks an increase of 4.5 per cent year-on-year, according to the Cyprus Statistical Service (Cystat). For ...

BP (BP.L) is considering selling a minority stake in its offshore wind business, according to four sources with knowledge of the matter, the latest effort by CEO Murray Auchincloss ...

The number of women who hold executive reins in corporate Britain has fallen for the first time in eight years in an “unacceptable” reversal that could delay gender parity for ...