Business

Limassol’s share of the 2025-2027 state budget has drawn the ire of the Limassol Chamber of Commerce & Industry (Evel), which called for action to address traffic, infrastructure, and ...

President Nikos Christodoulides met bank heads on Monday for a “useful and constructive exchange” on his proposals for interest rate changes to help vulnerable groups. Government spokesman Konstantinos Leymbiotis said ...

Capital Intelligence Ratings has upgraded Hellenic Bank’s foreign currency long-term rating to “BBB-” from “BB”, citing significant improvements in financial stability and capitalisation. This took place on the same ...

CyRIC and bialoom, two Cypriot organisations, are contributing to the PhotonMed project, a major initiative in healthcare innovation, according to an official announcement. PhotonMed is a €32 million international project aimed ...

Rapid transaction speeds and low cost make Solana among the most discussed cryptocurrencies. As of writing, at its present price of $214, analysts estimate Solana might have a 4x surge in ...

The Cyprus Chamber of Commerce and Industry (Keve) on Monday announced the appointment of Philokypros Rousounides as its new secretary general. The chamber said that Rousounides will assume his duties ...

The Supreme Court in France recently made an interesting ruling in a case which could have similarities to some cases in Cyprus. Buyers of properties in rural areas coming from ...

By Georg Zachmann Agreement on a global carbon trading framework could complete the global climate architecture, but the risks are significant  The international process for coordinating the fight against global ...

The Bank of England looks set to keep interest rates on hold this week as it moves more slowly to cut borrowing costs than central banks in Europe and the ...

The threat of soaring government debt supply destabilising financial markets has intensified, according to the world’s top central banking advisory body, as it urged policymakers to act swiftly to ...

President-elect Donald Trump could be the “president of this AI generation” as he will take office at a time when critical infrastructure to developing artificial general intelligence (AGI) is built ...

Alphabet’s (GOOGL.O) Google, along with TPG Rise Climate and other investors, is backing clean energy developer Intersect Power as part more than $800 million funding round, the company has ...

The departure of the floating storage and regasification unit (FSRU) ‘Prometheus’ is a positive development, President Nikos Christodoulides said on Sunday, over the ship that will form part of the ...

Here are the top business stories in Cyprus from the week starting December 9: The European Union’s Digital Operational Resilience Act (DORA), taking effect on January 17, 2025, will impose tougher cybersecurity ...

Global airline body IATA is expecting an industry-wide 2025 revenue of more than a trillion dollars and record passenger numbers, despite what its chief Willie Walsh said were “unacceptable” difficulties in ...

Policymakers aiming to recommend safeguards for artificial intelligence are facing a formidable challenge: science that is still evolving. AI developers themselves are grappling with how to prevent abuse of novel ...

Europe’s Airbus (AIR.PA), Thales (TCFP.PA), and Leonardo (LDOF.MI), are exploring plans to set up a new joint space company as they look to compete with Elon ...

The floating storage and regasification unit (FSRU) Prometheus departed from Shanghai in the early hours of Saturday morning, the government confirmed. This marks the beginning “of a new era for ...

President Nikos Christodoulides on Saturday hailed Cyprus’ upgrade to an ‘A-’ long-term credit rating by Standard & Poor’s Global Ratings, marking a significant milestone for the country’s economy. ...

The Bank of Cyprus on Friday announced that it has “swiftly reacted to the European Central Bank’s (ECB) latest decision to cut interest rates,” announcing a reduction in the ...

S&P Global Ratings this week downgraded chipmaker Intel Corp’s (INTC.O) credit rating to ‘BBB’ from ‘BBB+’, on slow business recovery and uncertainty following management changes. The ...

London’s Canary Wharf district will borrow 610 million pounds ($777 million) from US investment giant Apollo (APO.N) to repay bonds due over the next two years, raising its funding costs ...

General Motors (GM.N) announced that it will end robotaxi development at its majority-owned, money-losing Cruise business, a blow to the ambitions of the largest US automaker which had made ...

The floating storage and regasification unit (FSRU) Prometheus is expected to depart from Shanghai in a matter of hours, Energy Minister George Papanastasiou said on Friday. The FSRU will form ...