Business

Recent reports in the Daily Express about a supposed “panic” in Cyprus’ tourism industry due to a “huge drop” in bookings have been deemed outdated and sensationalist by local industry ...

Shares in French luxury giant LVMH (LVMH.PA) fell more than 6 per cent on Wednesday and were on track for their biggest one-day drop since October 2023 after its second-quarter sales ...

A week of hot summer weather at the end of June, England reaching the final of the Euro 2024 soccer championship and promotions on branded goods drove UK grocery sales over ...

The Russian government is considering a ban on exports of diesel due to rising domestic prices, the Kommersant daily reported on Wednesday, citing several unnamed sources. Russia is the world’...

A contract worth €50 million was signed by the electricity authority (EAC) and the Cyprus Telecommunications Authority (Cyta) on Thursday for the installation of and subsequent operation of smart meters across ...

The internet has changed the world, and online gambling is not exempted. Bitcoin casino games, an awesome blend of Cryptocurrency with online gameplay, are the reason for this change in ...

Growth in eurozone business activity stalled this month as a tepid expansion in the bloc’s dominant services industry failed to offset a deeper downturn among manufacturers, a survey showed ...

The Cyprus Securities and Exchange Commission (CySEC) on Wednesday announced important updates related to its anti-money laundering (AML) exams for certified persons. The exams are designed to confirm that individuals ...

Without transparency and proper financial analysis, the Great Sea Interconnector risks turning into a bane for Cypriot consumers, the House commerce committee chairman said on Wednesday. Disy MP Kyriacos Hadjiyiannis, ...

The Bank of Cyprus has received two accolades recognising its corporate responsibility at the Boussias Cyprus Responsible Awards 2023, according to a statement released on Wednesday by the bank. Specifically, the ...

Recent reports in the Daily Express about a supposed “panic” in Cyprus’ tourism industry due to a “huge drop” in bookings have been deemed outdated and sensationalist by local industry ...

Tesla (TSLA.O) on Tuesday reported its lowest profit margin in more than five years and missed Wall Street earnings targets in the second quarter, as the electric vehicle maker ...

Pedalion Yachting, a luxury yachting company based in Cyprus, on Wednesday announced a new partnership with Italian boatmaker Comitti Yachts. According to the announcement, “this collaboration introduces the elegant and ...

Grid Telecom, a wholly-owned subsidiary of Greece’s Independent Power Transmission Operator (IPTO), and Dawiyat Integrated, a telecommunications arm of Saudi Electricity Company (SEC), this week signed a Memorandum of ...

Alphabet (GOOGL.O) beat second-quarter revenue and profit estimates on Tuesday, driven by a rise in digital advertising sales and healthy demand for its cloud computing services, but flagged that ...

The Cyprus Borrowers Association (Syprodat) this week said that it has initiated discussions with various political parties, aiming to explore the possibility of proposing a law to address the issue ...

Non-performing loans (NPLs) in the Cypriot banking sector remained virtually unchanged in May, totalling €1.77 billion compared to €1.80 billion the previous month, according to a report released this week by the ...

Despite numerous challenges, the Cyprus real estate market has shown resilience in the first half of 2024, with a notable increase in activity, according to the Cyprus Real Estate Agents Registration ...

A jump in British household savings since the COVID-19 pandemic appears here to stay and cannot be fully explained by higher interest rates or unemployment fears, according to the country’...

Israeli cybersecurity startup Wiz has ended talks with Google-parent Alphabet (GOOGL.O) on a reported $23 billion deal in which it would have become the US tech giant’s largest-ever acquisition, ...

Turkey’s central bank held its policy rate steady at 50 per cent on Tuesday as expected and repeated it remains highly attentive to inflation risks, even as it expects disinflation ...

The annual growth rate of Cyprus’ Composite Leading Economic Index (CCLEI) remained unchanged in June, according to a report released this week by the University of Cyprus’ Economics Research Centre (...

The Kremlin on Tuesday called a European Union plan to use interest earned on frozen Russian assets to fund military aid to Ukraine “theft” and said it would take legal ...

For the second consecutive month, the interest rate on short-term bonds issued by the Republic of Cyprus has declined, with increased demand compressing the offered yields. According to data released ...