Business

Audio-streaming giant Spotify (SPOT.N) forecast fourth-quarter profit above Wall Street estimates this week, betting on cost cuts and strong subscriber growth in the crucial holiday season. Its shares that ...

Netflix (NFLX.O) said this week its ad-supported tier had reached 70 million monthly active users globally, nearly doubling from about six months earlier as customers seek more affordable options. The ...

Shares in Samsung Electronics (005930.KS), the world’s top memory chip maker, fell earlier this week to their lowest level in more than four years amid worries about the impact ...

The European Commission expects growth in Cyprus to remain robust in 2025 and 2026, according to the Autumn 2024 Economic Forecast which was presented in Brussels on Friday. The Commission expects annual growth ...

By Jessica DiNapoli Ice cream brand Ben & Jerry’s said in a lawsuit filed Wednesday that parent company Unilever ULVR.L has silenced its attempts to express support for ...

The 12th Energy Symposium tackled the energy crisis, regional turbulence, and the urgent global shift to renewables. Titled “The Big Decisions on Energy”, the event was held with the support ...

The recent election of Donald Trump as U.S. president has reignited interest in the cryptocurrency market, and investors are eagerly waiting to see what effects a Trump presidency may ...

Fintech and trading platform Capital.com on Friday announced that it has introduced a regional leadership model to bolster growth and innovation in its regulated markets. According to the announcement, ...

Cyprus recorded a record-breaking €3.2 billion in foreign direct investment (FDI) for 2023, according to Invest Cyprus, the agency tasked with driving investments to the island. This figure was reported during the ...

“Energy giants from Gulf states” are interested in possibly drilling for natural gas in Cyprus’ Exclusive Economic Zone (EEZ), President Nikos Christodoulides said on Friday. Addressing the Energy symposium in ...

The Bank of Cyprus Holdings (BOCH) this week announced the repurchase of 65,000 ordinary shares of €0.10 each. These purchases, effective as of November 14, took place on the Cyprus Stock Exchange (CSE) ...

There is a lot of excitement in the cryptocurrency markets as Sui (SUI), Litecoin (LTC), and IntelMarkets (INTL) post massive gains. With these top altcoins setting the pace, analysts are ...

Aegean Airlines on Friday posted €1.38 billion in revenue for the first nine months of 2024, according to an official announcement. Increased passenger numbers and strategic investments supported this performance, though external ...

AstroBank has appointed Natasa Pilides, former Minister of Energy, Commerce, and Industry, as an independent member of its board of directors. According to an announcement released on Friday, the appointment ...

EMBIO Diagnostics, a Cypriot startup based in Nicosia and specialising in rapid diagnostic technologies for food safety and air quality, has secured €2.5 million in funding to drive international growth and ...

ARIS, a Cyprus-based accelerator founded in partnership with Deloitte Cyprus, has announced a strategic shift to focus on promoting and empowering start-up and scale-up success stories. Established in 2018 in Limassol, ...

Property prices in Limassol surged in 2024, with apartment prices up by over 20 per cent and house prices rising by 30 per cent, according to a report from Nicosia-based firm Landbank Analytics. ...

The director general of the Finance Ministry and the Interior Minister reassured the House internal affairs committee about recent concerns regarding the regulations for facilitating strategic development projects. During a ...

A European Central Bank rate cut last month was seen as an insurance move against unexpectedly low inflation but policymakers appear divided on the risk of excessively low price growth, ...

If US President-elect Donald Trump delivers on a pledge to hit European imports with tariffs, Hungary will feel the effects “exponentially” because of its German trade links, a top business ...

The euro has fallen to one-year lows, reviving talk the currency could hit the $1 mark. Donald Trump’s US election win raises the prospect of a hike in tariffs that ...

The government pledged Thursday to tighten up procedures for granting state land intended for the construction of solar parks, aiming to make these practices “more transparent and meritocratic”. In a ...

Hellenic Bank has underscored the importance of long-term investment strategies in navigating a highly volatile market environment. Speaking at the first Where to Invest Forum 2024, organised by the bank as ...

The Bank of Cyprus said on Thursday it is taking proactive measures to prevent online scams while fake news about a fraudulent lucrative platform linked to the bank have been ...