Business

German carmaker BMW (BMWG.DE) saw group sales of its battery-electric vehicles surge by 79.6 per cent year on year in the third quarter of 2023 to 93,931 units, the company said on ...

Construction began on a new solar farm at the Nicosia general hospital on Friday. The first phase of the solar farm project is set to be completed in January, with ...

Cyprus’ decision on whether to participate in the EuroAsia Interconnector will be made immediately once the study for the project is submitted in mid-November, Energy Minister George Papanastasiou said on ...

Energy experts at a conference in Cyprus said the island has massive potential for renewables and can surpass its 2030 targets if it properly manages the upcoming challenges. The key hurdles – ...

Cyprus and Egypt are currently experiencing more immediate credit risks compared to other nations due to the Israel-Hamas conflict, according to a report by Germany-based ratings agency Scope Ratings. In ...

The north’s ‘cabinet’ approved a bill to privatise its ports on Thursday evening. The move was published in the ‘official gazette’ on Friday morning, with tenders set to be ...

Electric vehicle (EV) sales in the United States jumped to more than 300,000 for the first time in the third quarter, but industry leader Tesla’s market share slipped to the ...

Warren Buffett’s right-hand man, Charlie Munger, is a known anti-crypto investor. The controversial near-centenarian recently voiced his thoughts on Bitcoin during the annual Zoomtopia online conference. Still, the market ...

Russian crude oil producers are enjoying the cheapest costs to ship to refiners in China and India in almost a year thanks to a growing number of vessels plying the ...

Big banks in Britain are preparing for any future escalation of Western sanctions on China and have shared their “scenario planning” with the British and US governments, a senior banking ...

Oil prices were up on Friday after the US tightened its sanctions programme against Russian crude exports, raising supply concerns in an already tight market, and global inventories are forecast ...

Britain’s antitrust regulator on Friday cleared Microsoft’s (MSFT.O) acquisition of “Call of Duty” maker Activision Blizzard (ATVI.O) after the restructured deal addressed its earlier concerns. Activision ...

As Israeli children listened to their teacher over Zoom, the image of a gun-toting man in fatigues appeared on the screen, according to a screenshot shared with Reuters. In another ...

Cyprus-based Yotam Werzansky-Orland, Esq., CEO of KWO Strategy Ltd., has earned his place among the world’s top 300 innovation and intellectual property (IP) strategists, as recognised by the prestigious annual ...

Cyprus’ trade deficit for the period of January to August 2023 reached €5.8 billion, compared to €5.2 billion during the same period in 2022, according to a report released this week by the state’...

Cyprus has witnessed a notable increase in bounced cheques, with 26 such incidents totalling €276,202 reported in September 2023 alone. This concerning trend has landed 15 individuals (comprising 12 legal entities and 3 individuals) on the ...

Limassol port management company DP World recently concluded a three-month internship programme for students specialising in shipping and related fields, in a bid to strengthen its ties with the local ...

Toyota Motor (7203.T) and Idemitsu Kosan (5019.T) have formed an alliance to develop and mass-produce all-solid-state batteries for electric vehicles, the companies said on Thursday. The partnership follows an announcement ...

Birkenstock’s (BIRK.N) stock ended more than 12 per cent below its initial public offering (IPO) price on Wednesday in an underwhelming Wall Street debut that signaled investors remain cautious ...

No agreement has been reached on the extension of a concession contract for the airport management company’s obligations regarding management and development of Larnaca and Paphos airports, the finance ...

MiCA (Markets in Crypto Assets) is Europe’s all-encompassing crypto regulation set for December 2024. This policy recently gained more consultative changes around areas like sustainability indicators for blockchains and technical ...

The total amount of sales conducted across Cyprus’ divide within the scope of the Green Line regulation increased by almost 13 per cent in the first six months of 2023, compared with ...

Cyprus’ construction sector has seen significant developments in the third quarter of 2023, with both price indices and production on the rise, according to a report released this week by the ...

Ex-Formula One boss Bernie Ecclestone was spared an immediate prison sentence on Thursday after he pleaded guilty to misleading Britain’s tax authority about overseas assets worth more than 400 million ...