Business

The European Investment Bank (EIB) is in the process of formulating a decision on the EuroAsia Interconnector, its president Werner Hoyer said on Monday. His comments were understood to leave ...

The total value of non-performing loans (NPLs) in the Cypriot banking system at the end of August 2023 saw a decrease of €16 million, dropping to €2.08 billion from €2.10 billion at the end ...

The Consumers Association on Monday has issued a statement warning the public about the new increased bank charges expected to be implemented from early 2024. In the statement, the president of ...

The European Institute of Management and Finance (EIMF) on Monday hosted a roundtable discussion featuring representatives from key market and economic entities under the title, “Investing in Professional Skills as ...

The number of passengers arriving at and departing from the north’s Ercan (Tymbou) airport increased by almost a third in the first nine months of 2023, compared to the same ...

Tesla (TSLA.O) plans to build a 25,000-euro ($26,837.50) car at its factory near Berlin, a source with knowledge of the matter said on Monday, in a long-awaited development for the ...

Ryanair (RYA.I) on Monday forecast a record annual profit and promised to pay investors a regular dividend for the first time after fares soared 24 per cent during the summer ...

Banks are obliged to act on the terms agreed with clients when opening the account The opening of a joint bank account in the name of more than one person ...

Elon Musk’s artificial intelligence startup xAI will be integrated into his social media platform X and also be available as a standalone app, he said on Sunday in a ...

Top oil exporters Saudi Arabia and Russia confirmed on Sunday they would continue with their additional voluntary oil output cuts until the end of the year as concerns over demand ...

Following my own experience when trying to correct the mistakes made to my house during construction, I am not at all happy regarding the quality of the supervision of some ...

Hellenic Bank employees on Monday carried out a three-hour work stoppage starting from 3pm aimed at forcing management to respect collective agreements and labour institutions. The strike was organised by ...

LinkedIn, the business-focused social network owned by Microsoft (MSFT.O), announced that it now has more than 1 billion members and is adding more artificial intelligence features for paying users. Crossing ...

Extracting gold, silver and other commodities from discarded goods has industrial, geopolitical and environmental benefits for the EU. By Tom Cassauwers Dr John Bediako has criss-crossed the globe his whole ...

Swiss-based sustainability group Better Cotton said on Thursday it has added new functions to a platform that big retailers use to trace materials through their supply chains. Better Cotton said ...

Vietnam is holding talks with chips companies with the aim of boosting investment in the country and possibly building its first chipmaking plant, or fab, two business executives said, despite ...

Canada Goose Holdings (GOOS.TO), cut its annual sales forecast last week, in a sign that a sharp rebound in China was starting to falter and sales in the US ...

Cyprus will respond to a request from Chevron to extend a deliberation period for the ‘Aphrodite’ gas field in the exclusive economic zone (EEZ) within the day, Energy Minister George ...

Finding the ideal residence is daunting, and can get even more complicated when investing in a luxury property. After all, the concept of luxury does not refer only to the ...

Here are the top business stories in Cyprus from the week starting October 30: The Cyprus Economic Sentiment Index (ESI) saw a minor decline in October, primarily influenced by the weakening ...

By Louis N. Christofides Workers’ earnings in a firm reflect the contribution of labour to the firm’s output, meaning their productivity. Earnings are expressed in nominal terms (e.g., ...

As it moves away from fossil fuels and towards climate-neutrality, the EU is placing strategic importance on the market for batteries and stepping up research in the field. From mobile ...

By Stefanos Sofroniou The first ever legal framework on Artificial Intelligence could be agreed upon by the EU legislators as soon as this December. The draft Regulation proposed by the ...

A week after e-commerce giant Amazon(AMZN.O) said it is giving its sellers new generative artificial intelligence advertising tools this holiday season, Shopify (SHOP.TO) has to prove to ...