Business

The European Commission this week released a report noting that Cyprus’ economy is on a healthy trajectory, expecting both GDP to grow and inflation to decrease. However, it added that ...

Nissan Motor this week said it would launch 30 new models over the next three years and aim to raise its global sales by 1 million vehicles while cutting costs to improve ...

Independent hotel operators and giant global chains are increasingly linking up in franchise agreements as high-interest rates have slammed the hospitality industry, slowing down new hotel construction. For big chains, ...

Nike warned last week that its revenue in the first half of fiscal 2025 would shrink by a low single-digit percentage as the world’s largest sportswear maker scales back on ...

India’s economy and stock markets are booming, but its startups are not. Investors, once eager to pump in billions of dollars in promising Indian tech ventures, are now going ...

The pound was little changed on Monday, hovering near its lowest level in a month after investors last week ramped up their bets that the Bank of England will cut ...

Gated housing projects are a relatively recent development in Cyprus, which has come as crime, particularly thefts, has increased and people want to feel more secure in their homes. The ...

With the race to build a new generation of computers heating up, European companies are eyeing the game-changing opportunities. By Tom Cassauwers At some point in the future, the medicines ...

Forests in the EU can help green the European construction industry and bolster a continent-wide push for architectural improvements. By Jessica Berthereau In France’s southwestern Gironde department, where half ...

Cellulose fibres are emerging as a sustainable option for wrapping everything from foods to electronics. By Helen Massy-Beresford Attention supermarket shoppers in Belgium, France and Luxembourg: a test to cut ...

IT services provider Accenture cut its fiscal-year 2024 revenue forecast on Thursday, as an uncertain economy prompts clients to curtail spending on its consulting services, sending its shares down around 5.6 per ...

Here are the top business stories in Cyprus from the week starting March 18: In response to the growing demand for sustainable and environmentally friendly business practices, the Cyprus Chamber of ...

Intel (INTC.O) is planning a $100 billion spending spree across four US states to build and expand factories after securing $19.5 billion in federal grants and loans – and it hopes to ...

Nvidia’s (NVDA.O) stock climbed on Tuesday after the heavyweight chipmaker said its new flagship AI processor is expected to ship later this year and CEO Jensen Huang said ...

European carmaker Stellantis (STLAM.MI) announced on Wednesday that it was acquiring a stake in optical radar start-up SteerLight as it seeks to strengthen its market position and secure access ...

International rating agency Morningstar DBRS on Saturday rated Cyprus at a BBB (high) long-term credit rating with a stable trend, noting that favourable economic prospects balance downside risks. “The stable ...

Cyprus’ wholesale trade sector experienced a modest increase in 2023, rising by only 0.9 per cent, according to a report released on Friday by the state’s statistical service. In addition, the ...

Cyprus’ Index of Trade and Repair Activities of Motor Vehicles witnessed a surge of 30 per cent on an annual basis in 2023, primarily reflecting the increased prices, particularly in the used ...

Deputy Minister of Tourism Kostas Koumis this week said that “a sustainable destination is one that respects both its visitors and its own resources, both natural and human”. Koumis’ comment ...

By Zafiris Tzannatos What was once a common practice in authoritarian regimes, such as those of Nazi Germany, the Soviet Union, and Communist Romania, is now being revived all over ...

Memory chipmaker Micron Technology (MU.O) surged 18 per cent earlier this week and was set to open trading at a record high after its strong revenue forecast fanned optimism that ...

Cohere, an artificial intelligence startup that develops foundation models to compete with ChatGPT creator OpenAI, is in advanced talks to raise $500 million at a valuation of about $5 billion, according to ...

In line with the annual global awareness campaign, Global Money Week 2024, coordinated by the Central Bank of Cyprus (CBC), the CBC has taken the initiative to create educational videos aimed ...

The Central Bank of Cyprus (CBC) on Friday slightly revised its forecast for the country’s economic growth in 2024, estimating it to be at a rate of 2.8 per cent. This ...