Business

US technology companies are pursuing energy assets held by bitcoin miners as they race to secure a shrinking supply of electricity for their rapidly expanding artificial intelligence and cloud computing ...

Industrial production in Cyprus recorded a 6.1 per cent increase year-on-year during June 2024, according to a report released this week by the Cyprus Statistical Service (Cystat). The Industrial Production Index reached 117.3 ...

Delfi Partners director Michalis Loizou on Thursday argued against the notion that short-term rental properties in Cyprus are the primary cause of rising rental costs, suggesting that other factors contribute ...

Lego’s sales of its colourful plastic bricks outpaced the overall toy market in the first half of the year, driven by strong demand in Europe and North America, according ...

German online takeaway food company Delivery Hero (DHER.DE) on Thursday reported stronger than expected growth it its second-quarter gross merchandise value and confirmed its full-year outlook on the back ...

Britain’s car production fell for the fifth consecutive month in July, hurt by manufacturers shifting to new models and temporary disruptions in the supply chain, industry data showed on ...

The finance ministry reiterated on Thursday it’s not in a position to evaluate the mooted Cyprus-Greece electricity interconnector project as several parameters remain unknown, while the cost-benefit analysis provided ...

Energy Minister George Papanastasiou on Thursday discussed ways to “speed up” the exploitation of natural gas discoveries in Cyprus’ Exclusive Economic Zone (EEZ) with Egypt’s Petroleum Minister Karim Badawi. ...

President of the Cyprus Hoteliers Association (Pasyxe) Thanos Michaelides on Thursday said that hotels on the island have had a robust tourist season in 2024. This is despite a modest decline ...

Oil prices steadied on Thursday, after two losing sessions as supply concerns over Libya returned, while a smaller-than-expected draw in US crude inventories sapped demand expectations. Brent crude futures had ...

The unemployment rate in Cyprus decreased to 4.6 per cent in the second quarter of 2024, as reported on Thursday by the Cyprus Statistical Service (Cystat). This marks an improvement from the ...

Cyprus’ tourism revenue reached €385.2 million in June 2024, marking a 6.6 per cent rise compared to €361.5 million in the same month of the previous year. According to the Cyprus Statistical Service (Cystat), ...

State-owned asset management company Kedipes on Thursday announced that its mortgage-to-rent scheme, launched in December 2023 to protect vulnerable homeowners, has already attracted over 2,500 applications. Ahead of the scheme’s deadline ...

Delfi Partners director Michalis Loizou on Thursday argued against the notion that short-term rental properties in Cyprus are the primary cause of rising rental costs, suggesting that other factors contribute ...

Brookstreet Equity Partners, a Greek-founded fund management firm, whose investment footprint includes Cyprus, this week launched a new investment platform based in London. According to an official announcement, the new ...

Acquiring the necessary skills and knowledge in the realm of Anti-Money Laundering is crucial for effective compliance and risk management. Typically, organizations have to choose between investing into formal AML ...

The Finance Ministry is aiming to reduce public debt to below 60 per cent of GDP by 2026, according to Finance Minister Makis Keravnos. Commenting on the latest International Monetary Fund (IMF) ...

British retailers reported a third straight month of falling sales in August and they expect another decline in September, prompting them to lower their hiring and investment plans, the Confederation ...

Jobs in the US clean energy industry in 2023 grew at more than double the rate of the country’s overall jobs, and unionization in clean energy surpassed for the first ...

Britain’s Financial Conduct Authority said on Wednesday it would launch a market study into so-called pure protection insurance product sales, amid fears that the design of some commission structures ...

The government is “examining the possibility” of declassifying Cyprus’ energy market from its current status as “emergent”, Energy Minister George Papanastasiou said on Wednesday. Cyprus’ energy market is currently classified ...

Cyprus’ authorities “have not seen” the financing plan for the Great Sea Interconnector project, the finance ministry’s permanent secretary George Panteli said on Wednesday. Speaking at an extraordinary meeting ...

SAS said on Wednesday it has exited US Chapter 11 bankruptcy proceedings, with the Scandinavian airline’s CEO hailing a “new era” with a stronger balance sheet and new owners. Sweden-based ...

A meeting of the House energy and commerce committee which focused on the latest developments regarding travel arrangements to and from the north was controversially held behind closed doors on ...