Business

Suggestion comes after damning Audit Office report on endless delays The project team for the liquefied natural gas (LNG) terminal at Vasiliko has recommended that Cyprus halt further payments to ...

Unions representing workers at the Electricity Authority of Cyprus (EAC) said on Monday their members will hold a vote at the end of the month on possible industrial action, including ...

The European Commission has given the nod to the levying of the reduced 5 per cent VAT on first homes in Cyprus, the finance minister revealed on Monday. Makis Keravnos made ...

Finance Minister Makis Keravnos on Monday met with the newly elected president of the Cyprus Chamber of Commerce and Industry (Keve) Stavros Stavrou, to discuss the challenges facing the Cypriot ...

Women in Germany earned 18 per cent less on average than men last year, due largely to a levelling-off in earnings after having children and taking part-time work, the Federal Statistics ...

The north’s electricity authority Kib-Tek paid the Electricity Authority of Cyprus $19 million (€17.4m) to cover the north’s energy shortfalls, Kib-Tek employees’ trade union (El-Sen) chairman Ahmet Tugcu said ...

National flag carrier Cyprus Airways has announced that it is set to double its fleet of Airbus A220 aircraft in 2024, with the introduction of two new planes. This was highlighted ...

The world’s 20 best-performing hedge funds generated $67 billion for investors in 2023, roughly triple what they returned in 2022, with activist TCI Fund Management leading the pack, according to data published by ...

Cyprus-based digital studio TheSoul Publishing, which has received wide-spread recognition for its globally engaging and original content, on Monday announced that Aleksandra Sulimko, previously the Chief Human Resources Officer (CHRO), ...

Oil prices lost more ground on Monday as economic headwinds pressured the global oil demand outlook and offset geopolitical concerns in the Middle East and an attack on a Russian ...

Germany’s chemicals sector, Europe’s largest, is starting to feel the pinch from delayed shipments via the Red Sea, becoming the latest industry to warn of supply disruptions that ...

Spain received a record number of foreign tourists in 2023, 17 per cent more than the year before and up 1 per cent from the 84 million who came in the pre-pandemic year of 2019, ...

The right to a prior hearing is a fundamental right enshrined in the Charter of Fundamental Rights of the European Union, Article 41(1)(2), which provides that every person has the right ...

Tech shares helped power the S&P 500 to its first record high close in two years on Friday to confirm a bull market, while European stocks registered weekly declines ...

Cyprus Stock Exchange (CSE) wrapped up 2023 on a high note, with listed securities exceeding €4 billion, according to the CSE’s figures published for December. The General Index reached 136,01 points, representing ...

British retailers suffered the biggest drop in sales for almost three years during December, raising the risk that the economy slipped into recession late last year, official data showed on ...

Waymo, Alphabet Inc’s (GOOGL.O), opens new tab autonomous driving unit, said on Friday it had applied to the California Public Utilities Commission to expand its driverless service in ...

Amazon Web Services (AWS) said on Friday it plans to invest 2.26 trillion yen ($15.24 billion) in Japan by 2027 to expand cloud computing infrastructure that serves as a backbone for artificial technology (...

Google will invest $1 billion on building a data centre just outside of London, the U.S. technology giant said on Thursday, in its latest investment in Britain as it meets ...

Here are the top business stories in Cyprus from the week starting January 15: Contrary to expectations that accompanied the reduction in the consumption tax rates for motor fuels, fuel prices ...

Four U.S. banks warned of lower interest income for this year on Friday, capping a week of dour commentary from the industry that has been under pressure from high ...

Ford Motor (F.N), opens new tab said on Friday it would reduce production of its F-150 Lightning pickup truck, as demand for electric vehicles (EVs) slows. The No. 2 U....

World leaders and business executives left the freezing temperatures of the Swiss mountain resort of Davos after a week of high-stakes meetings about key world issues. Here’s what we ...

Macroeconomic stabilisation policy for some time now has been navigating in the dark. This will only increase in the next decades as structural changes in the economy are big and ...