Business

Burberry (BRBY.L) shares surged 18 per cent on Wednesday after the British luxury brand announced plans to shed 1,700 jobs or around a fifth of its global workforce to cut costs ...

Agreements signed by US President Donald Trump and Qatar’s Emir Sheikh Tamim bin Hamad Al-Thani on Wednesday will “generate an economic exchange worth at least $1.2 trillion,” the White House ...

Bitcoin (BTC) has surged back into six-figure territory, surpassing the $100,000 mark for the first time since February. Meanwhile, XRP continues its rebound with analysts pointing to $3 as the next major ...

The battle to free nearly 10,000 “trapped buyers” in Cyprus is heating up, as banks and credit institutions voiced strong opposition to a new law proposal discussed on Wednesday in Parliament. ...

As 2025 approaches, crypto investors are no longer chasing hype — they’re chasing function. Projects built around real-world use cases are pulling ahead, and according to multiple analysts, one name standing ...

In a market saturated with speculation and short-term hype, Mutuum Finance (MUTM) is quietly building a case for long-term value. Still in its presale phase, the project has already raised ...

Turkey’s finance minister said the country’s economic transformation was on track and that the country was prepared to deal with slower growth. Finance Minister Mehmet Simsek said that ...

Airport security has always been a tough balancing act. On the one hand, the need to protect passengers, crew, and infrastructure has to be a priority. However, this has to ...

The Cyprus Investment Funds Association (CIFA) on Wednesday welcomed the latest results from the Cyprus Securities and Exchange Commission’s (CySEC) quarterly bulletin for the country’s funds sector for ...

Transport Minister Alexis Vafeades on Wednesday said that the evaluation of bids for the deepening of the Larnaca marina is currently under way, with work expected to begin soon. He ...

Cyprus’ online betting sector has come together to create Cyprus Online Gaming Association (COGA), according to an announcement released on Wednesday. The announcement said that the new association marks an ...

Cyta marked World Telecommunications Day with a dedicated conference on women in science, technology, engineering, arts and mathematics (STEAM), aligning this year’s global theme — Gender Equality in Digital Transformation — ...

Plans are under consultation to rebuild a restaurant at Lady’s Mile beach, demolished in 2012, as part of broader updates to the planning framework for the British Bases. The proposal, ...

Vital energy infrastructures, such the Great Sea Interconnector (GSI) between Israel, Greece and Cyprus, must be protected and the European states need to cooperate in this regard, Energy Minister George ...

Cyprus’ environment department has rejected plans for a 33-turbine wind farm near two protected Natura 2000 zones, citing irreversible damage to wildlife habitats and increased threats to vulnerable species. The proposed 49.5...

The Nicosia tourism board (Etap) on Wednesday announced its participation in the IndusTour project under the Interreg Europe programme, a new European initiative aimed at promoting industrial tourism across six ...

Real estate is evolving fast, with blockchain at the centre of this transformation, as highlighted during a panel discussion at the recently-held REALTYon 2025 expo in Limassol. During the discussion, we ...

Did you know that each $1 spent on email marketing generates an average return of $42 for a business? That kind of return is hard to resist. But while email marketing can ...

Ermes Department Stores Plc on Wednesday provided additional details regarding its strategic direction and ongoing operations, following the transfer of its ERA department store activity to Gencom Ltd. The company’...

Hellenic Bank on Wednesday announced a reduction in its base interest rate by 0.33 percentage points, from 1.75 per cent to 1.42 per cent, effective from May 16, 2025. “This move will benefit the majority ...

Goldman Sachs cut its recession forecast for the US to 35 per cent from 45 per cent, the first major brokerage to do so, after a temporary tariff truce with China boosted ...

Hellenic Bank has received dual environmental certifications this year, according to an official announcemnet released this week. The announcement noted that this “affirms its ongoing commitment to environmental protection and ...

The Central Bank of Cyprus (CBC) has announced that it is accepting applications for the permanent posts of Officer Second Class. The vacancies are available in the Information Technology Department, ...

Japan’s Honda Motor (7267.T) forecast a 59 per cent profit decrease in the current financial year and said it would put on hold a plan to build an EV supply ...