Business

Eurobank this week posted an adjusted net profit of €732 million for the first half of 2024, an increase of 22.2 per cent year-on-year, while reported net profit stood at €721 million. In addition, ...

Net new loans in Cyprus experienced a substantial increase in June 2024, reaching a total of €330.6 million, compared to €234.9 million in May, according to a report released this week by the ...

The Cyprus government’s surplus surged to €424.5 million in the January-June period, representing 1.3 per cent of GDP, compared to €62 million and 0.2 per cent of GDP during the same period in 2023, ...

The Bank of England will not publish rules for implementing tougher global bank capital requirements until after the summer, it said this week, raising questions about whether a July 2025 start ...

Saudi Arabia’s real gross domestic product (GDP) shrank 0.4 per cent year-on-year in the second quarter, preliminary data by the government’s statistical authority showed on Wednesday, driven by a 8.5 ...

Turkey wants to complete negotiations for a free trade agreement with the Gulf Cooperation Council by the end of the year, the Turkish trade ministry said on Wednesday, after Ankara ...

Procter & Gamble (PG.N) missed Wall Street expectations for fourth-quarter sales on Tuesday, on weak demand for its skincare products in major market China and waning price benefits in ...

Trade union Sek said on Wednesday that an agreement had been reached on renewing collective labour agreements in the construction sector. The new agreement significantly improves employment conditions for some 40,000 ...

The Cyprus government’s surplus surged to €424.5 million in the January-June period, representing 1.3 per cent of GDP, compared to €62 million and 0.2 per cent of GDP during the same period in 2023, ...

Benign inflation data and a cooling job market aside, US credit conditions featuring tepid loan demand and stiff terms may also be bolstering confidence among Federal Reserve officials that price ...

Inflation in Cyprus dropped to 2.6 per cent in July, reflecting a slowdown from the 3 per cent rate observed in both June and May, according to preliminary estimates released by Eurostat ...

Cyprus’ Industrial Producer Prices Index (PPI) decreased by 2.4 per cent year-on-year in June 2024, according to a report released on Wednesday by the Cyprus Statistical Service (Cystat). The index, which stood ...

Households in Cyprus hold more than €56 billion in financial assets, with a significant portion held in cash, deposits, and loans, while also reducing their debt burden, according to a report ...

Cyprus is set to host a new event aimed at bridging the gap between the real estate and proptech sectors, according to an announcement by the Doers Company. The Doers ...

The government will not deviate from its goal to complete the Vasiliko terminal and gain the capacity to bring natural gas to the island, deputy government spokesman Yiannis Antoniou said ...

Nexters, an international game development company headquartered in Cyprus, has seen its flagship mobile game, Hero Wars: Alliance, generate $1.5 billion in revenue and surpass 150 million installations, according to an official ...

The Cyprus Chamber of Commerce and Industry (Keve) this week announced the signing of a cooperation protocol with the Hellenic-German Chamber of Commerce and Industry. “This partnership aims to foster ...

The University of Cyprus’ Economics Research Centre (CypERC) this week released a report predicting improved economic growth for Cyprus during the 2024-2025 period. According to the centre’s July 2024 issue, ...

Tourist arrivals to Cyprus amounted to 421,400 visitors in May 2024, marking an increase of 0.3 per cent from the 420,076 recorded in the same month of the previous year, according to a report ...

PayPal (PYPL.O) on Tuesday raised its forecast for full-year adjusted profit for the second time, betting on resilient consumer spending in the back-to-school and upcoming holiday shopping seasons, while ...

Tesla (TSLA.O) is recalling over 1.8 million vehicles in the United States due to risk of software failure to detect an unlatched hood, the national auto safety regulator said on ...

The British competition regulator’s ongoing review of supermarket loyalty prices is unlikely to identify widespread evidence of promotions that mislead shoppers, according to a statement by the watchdog. Loyalty ...

Microsoft investors will have one big question after the tech giant reports earnings on Tuesday: has growth in its Azure cloud-computing business picked up enough to justify the billions of ...

Britain’s financial watchdog this week launched two reviews of retail conduct and insurance rules to cut costs and improve competitiveness, now that a strict new duty to put consumers ...