Business

European banks have about 1.4 trillion euros ($1.50 trillion) in loans to the troubled commercial property industry, amid a steep fall in office prices on both sides of the Atlantic and investor ...

Mediterranean Hospitality Venture PLC (MHV) is pleased to announce the appointment of Achilleas Dorotheou as its new Chief Executive Officer. A distinguished figure in the hospitality sector, Dorotheou brings over 30 ...

Britain’s economy fell into a recession in the second half of 2023, a tough backdrop for Prime Minister Rishi Sunak who has promised to boost growth ahead of an election ...

Japan’s Sony (6758.T) slashed the full-year sales forecast for its PlayStation 5 console on Wednesday and said it plans to list its financial business next year as it focuses on ...

Minister of Justice Marios Charalambous this week met with the president of the Cyprus Chamber of Commerce and Industry (Keve) Stavros Stavrou, along with a delegation from the chamber’s ...

Coca-Cola (KO.N) surpassed Wall Street expectations for fourth-quarter revenue on Tuesday, as it benefits from higher product prices and buoyant demand for its juices, energy drinks and sodas. Despite ...

Lyft (LYFT.O) beat estimates for quarterly profit on Tuesday and said it would generate positive free cash flow for the first time in 2024, as it cut costs and became ...

Commonwealth Bank of Australia (CBA.AX) on Wednesday warned of downside economic risks building in Australia from continued high interest rates and persistent inflation, as the country’s largest lender ...

British inflation unexpectedly held steady at 4.0% in January, defying forecasts of a rise, official data showed, offering relief for the Bank of England (BoE) and Prime Minister Rishi Sunak too ...

Cyprus could start producing its first natural gas as soon as 2026, and plans to participate in a high-powered electricity cable project linking the eastern Mediterranean to continental Europe, its energy ...

The Cypriot economy grew by 2.1 per cent in the fourth quarter of 2023, compared to a growth rate of 2.3 per cent recorded in the corresponding quarter of 2022, according to a report ...

The yachting sector is poised to experience further growth both in Cyprus and on an international scale during 2024, according to Nikiforos Pampakas, the general manager of Limassol Marina, In an ...

Consulting and advisory firm PwC Cyprus has marked a significant achievement in its journey towards achieving net zero greenhouse gas (GHG) emissions, with the company successfully transitioning to using 100 per ...

British billionaire Jim Ratcliffe’s acquisition of a 25% stake in Manchester United was ratified by the Premier League after he passed the organisation’s Owners’ and Directors’ test. The $1.25 billion ...

European University Cyprus (EUC) on Wednesday announced that its startup programme, implemented in collaboration with tech giant Microsoft, is set to launch its third cycle, offering active support to Cypriot ...

Google for Startups, NVO Lab, and GameDev Cyprus (GDCy) are gearing up for the launch of the LVLUP Accelerator, a dedicated programme aimed at supporting gaming companies in Cyprus, according ...

French IT consulting group Capgemini (CAPP.PA) on Wednesday forecast slower revenue growth for 2024, anticipating a soft environment in the first half of the year. The Paris-based firm also said ...

Shares of British banks are undervalued partly by lingering perceptions that they are still hampered by Brexit and a negative political climate toward the institutions, Britain’s financial services minister ...

Oil prices rose on Wednesday, reversing earlier losses, as major producer group OPEC kept to their relatively strong forecast for demand growth this year and an industry report showed a ...

Dutch brewer Heineken (HEIN.AS) on Wednesday forecast low- to high-single digit percentage growth in operating profit in 2024, citing volatility in geopolitics and economic conditions, which could deliver a result ...

Evi Pilavaki takes a closer look at what is needed for the Council of Ministers to approve immovable property ownership for third-country nationals. To determine whether a company falls under ...

OPEC on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024 and 2025 and raised its economic growth forecasts for both years saying there was further ...

The Cyprus Securities and Exchange Commission (CySEC) recently made two decisions regarding the authorisations of two financial firms. In its meeting held on December 4, 2023, CySEC, in accordance with section 8(1)(a) ...

Rating agency Fitch fired a warning shot across Britain’s bows on Monday, urging the country’s government to keep a tight rein on spending in its upcoming budget or ...