Business

Kuwait’s budget is projected to show a deficit of 5.6 billion dinars ($18.33 billion) for the 2024-2025 fiscal year, with expenses estimated at 24.5 billion dinars and revenues at 18.9 billion dinars, according ...

Bitcoin surged to a two-week high on Monday after the attempted assassination of US presidential candidate Donald Trump raised the odds of the former president, who has presented himself as ...

Island Oil Holdings, a diverse conglomerate specialising in the supply and trading of marine fuels, has released its inaugural environmental, social, and governance (ESG) report, encompassing the fiscal years 2022 and 2023. ...

The Bank of Cyprus on Monday announced a revision to its privacy statement in alignment with the European Union’s general data protection regulation (GDPR) and relevant national legislation. The ...

The Cyprus Mail recently sat down for an interview with Roman Gurskiy and Kirill Gurskiy, managing directors of GEM Capital, to delve into their transition from EY to GEM Capital, ...

Oil held its ground on Monday as downward pressure from a stronger US dollar and concern about demand in top importer China offset support from political uncertainty in the United ...

Yiannis Kotzias, general manager of operations of residential rental platform Phaedrus Living, has come to the defence of short-term rental properties, amidst a wave of criticism aimed at the sector. ...

Deputy Minister of Research, Innovation and Digital Policy Nicodemos Damianou used his participation at a recently held event by the Research & Innovation Foundation (RIF) to praise Cyprus’ performance in ...

The relevant provision of Article 220 of the Companies Law Cap. 113 provides that in the event that a company liquidation order has been issued or a temporary liquidator appointed, no action ...

The gap in returns between the S&P 500 and the index’s equal-weighted counterpart is at its widest in 15 years, underscoring the need to diversify beyond AI heavyweights such ...

By Fausto Corvino The era of low-cost air travel in Europe may be over for good, thanks in part to recent EU environmental policies. All in all, this is good ...

EU-funded researchers are using AI and satellite technologies to make the continent’s renewable energy infrastructure more reliable. By Jack McGovan Solar panels and wind turbines had to be shut ...

Investments in artificial intelligence (AI) startups surged to $24 billion from April to June, more than doubling from the previous quarter, according to data from Crunchbase, highlighting the growing appetite for ...

Russian traders have finalised a share exchange for investors in Yandex, often dubbed Russia’s Google, one of the final steps needed to complete a more than $5 billion deal that ...

Here are the top business stories in Cyprus from the week starting July 8: Cypriot tech-driven analytics firm Ask Wire released a comprehensive assessment on Monday of fire risk in the ...

By Maria Demertzis  When the extreme right party National Rally won first place in the European elections earlier this June, President Emmanuel Macron felt that confidence in the governing coalition ...

Global hydroelectric generation slumped to a five-year low last year as a result of lower-than-average rainfall across China, North America and India, contributing to record fossil fuel combustion and emissions ...

Microsoft (MSFT.O) has ditched the board observer seat at OpenAI that has drawn regulatory scrutiny on both sides of the Atlantic, saying it was not necessary after the AI ...

The rise of artificial intelligence (AI) has been and will continue to be a boon to many sectors, with startups being one of the most notable exceptions. By simplifying processes, ...

Deutsche Lufthansa (LHAG.DE) slashed its 2024 earnings guidance for a second time and issued a profit warning for its second quarter on Friday as one of Europe’s top airlines ...

By Charles Ellinas Judging from the latest statements by the Energy Minister, George Papanastasiou, the negotiations with the Chinese-led consortium CPP-METRON Consortium Ltd (CMC) have probably been exhausted, with no ...

Hellenic Bank’s board of directors on Friday issued a statement regarding the public offer made by Greece’s Eurobank to acquire the entirety of its share capital, deeming the ...

Lucid Group (LCID.O) reported second-quarter deliveries above market expectations this week, as price cuts helped boost demand for its luxury electric sedans. Demand for electric vehicles has grown at ...

With doubts growing about whether President Joe Biden will remain a candidate for re-election in 2024, some investors are preparing to game out potential economic scenarios and trades if a stronger ...