Business

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 ...

Canada’s BlackBerry (BB.TO) said this week that it was targeting an additional increase of $100 million in its annual profit as the cybersecurity firm slashes costs, including reducing its ...

New York Community Bancorp’s (NYCB.N) exposure to commercial real estate has intensified investor scrutiny around regional banks, with some expecting more pain for those with office and multifamily ...

President Nikos Christodoulides held a meeting on Tuesday with the administrative council of the Cyprus Chamber of Commerce and Industry (Keve), during which they discussed various matters concerning the economy, ...

Giraffe Flowers in Manchester, northern England, is preparing for the annual Valentine’s Day rush but florists fear that Brexit trade barriers will increasingly spell higher costs and delays for ...

The Great Sea Interconnector is a “landmark project”, President of the House finance committee Christiana Erotokritou told the European parliament in Brussels on Tuesday. She said the cross-border benefits of ...

Deputy Minister of Shipping Marina Hadjimanoli on Tuesday praised Cyprus’ role in project BlueBarge, which aims to provide moored ships with electricity from rechargeable, green energy batteries. Preparations for the ...

The internet has come a long way since its inception, and with its exponential growth, the demand for IP addresses has skyrocketed. The IPv4 protocol, which was introduced in the ...

Britons may have to brave a shortage of some lines of tea, one of the nation’s favourite drinks, after the supermarket industry warned of a risk to supply from ...

Paphos Chamber of Commerce and Industry (Evep) president George Mais on Tuesday said that the allocation of €245 million to local businesses, along with other developments, can offer significant benefits to ...

The Cyprus real estate market performed well in 2023, with property transfers totalling €1.9 billion and sales documents amounting to €4.2 billion, the Real Estate Agents Registration Council said on Tuesday. Marinos Kineyirou, ...

More than eight in 10 companies say the time it takes to secure permits is a barrier to investing in Europe and accelerating this process should be a top EU priority, ...

The Cyprus Securities and Exchange Commission (CySEC) has announced that it has reached a settlement agreement, worth a total of €200,000, with Fintailor Investments Ltd, a Cyprus Investment Firm (CIF). The ...

Levantina Fish managing director Antonis Kimonides said that the fish farming sector is very competitive, necessitating unique, innovative approaches from businesses operating in the industry. The company recently received a ...

Temu is spending like a billionaire to become America’s e-commerce champion, leaving winners and losers in its wake. The popular shopping app from China’s Pinduoduo (PDD.O) aired ...

The chairman of the electricity authority (EAC) on Tuesday asked for consumers to stay patient a little longer while information regarding prices is being examined. The forecasts that led to ...

President Nikos Christodoulides is set to attend the administrative board meeting of the Cyprus Chamber of Commerce and Industry (Keve) today, Tuesday, February 13, at 17:00 local time. According to an announcement ...

Paphos hotels are reporting a drop in occupancy rates during the first quarter of 2024, when compared to the same period of the previous year, according to Evelyn Komodromou, deputy president ...

Oil prices rose slightly on Tuesday on fears Middle East tensions could disrupt supply, but uncertainty about the pace of potential US interest rate cuts and the ensuing impact on ...