Business

Germany is likely in recession now as external demand is weak, consumers remain cautious and domestic investment is held back by high borrowing costs, the Bundesbank said in a regular ...

The Housing Finance Corporation (HFC) acknowledged on Monday delays in issuing loans to applicants, but again attributed this to understaffing. The matter came up at the House finance committee, discussing ...

An increasing number of customers are using the Bank of Cyprus’ digital channels, for both banking and insurance products, leading to a large increase in digital sales of insurance plans, ...

A U.S. threat to hit financial firms doing business with Russia with sanctions has chilled Turkish-Russian trade, disrupting or slowing some payments for both imported oil and Turkish exports, ...

The Association of Cyprus Tourist Enterprises (Stek) on Monday released a statement expressing concern about the island’s tourism prospects for 2024, highlighting significant challenges ahead. During a recent session, the ...

Oil prices dipped on festering demand concerns and profit-taking prompted by last week’s gains as conflict in the Middle East showed no signs of easing. Brent crude futures were ...

The Cyprus Mail’s Souzana Psara recently spoke with Genia Boustany, director of Poseidonia Hotel, about its sustainability journey, focusing on its transition to a circular operating model. In January 2022, ...

Deputy Minister of Tourism Kostas Koumis on Monday travelled to La Hulpe, in Belgium, to attend the informal meeting of the EU Tourism Ministers, which is taking place under the ...

The Cyprus Shipping Chamber (Kne) on Monday released a statement urgently requesting the release of the crew of Galaxy Leader, a vehicle-carrying vessel, which has been captured by the Houthis. ...

It is not the best of times for Aptos (APT) in the crypto market as the token plunged immensely since last month. However, Immutable (IMX) is enjoying the moment, posting ...

The Bank of Cyprus on Monday released its financial results for the fiscal year ending December 31, 2023, posting a profit after tax of €487 million, with new lending reaching €2 billion in total. “2023 ...

Walt Disney (DIS.N) is harnessing artificial intelligence to power a new advertising tool that will help brands tailor their commercials to fit the mood of specific scenes within a ...

Technology company Nokia (NOKIA.HE) has unveiled an AI-powered tool that generates messages for industrial workers, including warnings about faulty machinery based on real-time data and recommended ways to boost ...

Research is helping strawberries and raspberries become more resilient to climate change and snacks become healthier. By Matthew Newman Supermarkets across Europe offer such regular and wide selections of strawberries, ...

Nvidia (NVDA.O) eclipsed Google-parent Alphabet (GOOGL.O) as the third most valuable US company on Wednesday, just after overtaking Amazon (AMZN.O) and as investors looked to the dominant ...

The European Union is set to fine Apple AAPL.O about 500 million euros ($539 million) over alleged breaches of EU competition law, the Financial Times reported on Sunday citing unnamed sources. ...

Tourism revenues in China during the Lunar New Year holidays that ended on Saturday surged by 47.3% year-on-year thanks to a domestic travel boom amid a longer-than-usual break, official data showed ...

Big players like Polkadot and Cardano have seen more greens than red recently. But conversations aren’t around price recovery for the big boys but excitement for new projects like ...

Here are the top business stories in Cyprus from the week starting February 12: In a recent development, Cyprus’ Research and Innovation Foundation on Monday announced that it is joining forces ...

Google (GOOGL.O) has pledged 25 million euros ($26.98 million) to help people in Europe learn to use artificial intelligence (AI). Announcing the funding on Monday, the tech giant said it had ...

Cisco Systems (CSCO.O) said it would cut 5 per cent of its global workforce, or more than 4,000 jobs, and lowered its annual revenue target as the company navigates a tough ...

EU industries from food and drinks to chemicals and biotechnology are seeking to profit from materials in water after it has been used. By Michael Allen For decades, most of ...

Israel’s Tower Semiconductor (TSEM.TA) has submitted a proposal to India’s government to build an $8 billion chipmaking facility in the South Asian nation, according to national daily Indian ...

Crypto enthusiasts are smiling as the crypto market turns around. Consequently, Stacks (STX) and SUI market activity puts them on the list of the best coins to invest in 2024. On ...