Business

South Korean battery firm LG Energy Solution (LGES) (373220.KS) warned last week of slowing revenue growth in 2024 due to global economic uncertainties affecting the outlook for electric vehicle sales, sending ...

Amazon (AMZN.O) Web Services (AWS) said last week that it will launch a sovereign cloud in Europe for government and customers in highly regulated industries. The sovereign cloud will ...

Here are the top business stories in Cyprus from the week starting October 23: Cyprus witnessed a significant increase in its government debt-to-GDP ratio at the end of the second quarter ...

Google-parent Alphabet’s (GOOGL.O) cloud business crawled to its slowest in at least 11 quarters, sending the company’s stock down 5.7 per cent after hours, even as sales at rival ...

By Maria Demertzis The EU will need 600 billion additional net investments every year from now to 2050 to meet its climate objectives. It also needs strategic investments to digitalise its economies, ...

Microsoft (MSFT.O) this week beat Wall Street estimates for fiscal first-quarter results in all segments, with its cloud computing and PC businesses growing as customers anticipate using its artificial-intelligence ...

Despite numerous challenges stemming primarily from rising loan interest rates, persistent inflation, the repercussions of the war in Ukraine, and the ongoing shockwaves of the coronavirus pandemic, the Cyprus real ...

Cyprus is a treasure trove of historic buildings and cultural landmarks, many of which have been designated as listed properties. These historical gems offer not only a glimpse into the ...

Athens-based cruise line Celestyal Cruises this week showcased its largest fleet addition, the Celestyal Journey, at Limassol port. The vessel is part of the cruise routes initiated last September and ...

The Central Bank of Cyprus (CBC) on Friday announced that it has set the reference interest rate for the October-December 2023 quarter at 11.52 per cent. This decision comes in accordance with ...

Cyprus witnessed a modest annual increase in total petroleum product sales in September, despite the prevailing trend of elevated fuel prices, according to a report released on Friday by the ...

Qualcomm this week gave details about a chip for Microsoft (MSFT.O) Windows-based laptops that it claims will be faster at some tasks than Apple’s (AAPL.O) chips for ...

Hellenic Bank employees announced on Friday they are to stage a three-hour walkout on November 6. The move was announced by employees’ union Etyk, which condemned the “provocative behaviour” of the ...

By Ioannis Tirkides The killing of innocents and of non-combatants cannot be acceptable, and the Hamas attack of October 7, no matter its origins, has been an atrocious war crime. But ...

Consumer Reports said on Wednesday it had found “concerning” levels of lead and cadmium in a third of various chocolate products it tested recently, and called on Hershey (HSY.N) ...

Minister of Agriculture Petros Xenophontos attended a meeting with the Italian Ambassador to Cyprus Federica Ferrari Bravo, where they both agreed to work closely in the fisheries and agriculture sectors, ...

The Nicosia Tourism Board (Etap) this week announced its participation in the highly anticipated World Travel Market (WTM) London 2023 exhibition, in an effort to boost the capital’s status as ...

The conflict between Israel and the Palestinian Islamist group Hamas has renewed worries in energy-poor Japan over its heavy reliance on the Middle East for oil and gas, and the ...

The European Digital Innovation Hub in Cyprus (DiGiNN) was officially inaugurated on Wednesday at The Cyprus Institute’s premises, according to an announcement released on Thursday. Deputy Minister of Research, ...

Cyprus’ real estate market witnessed a record number of sales during the second quarter of 2023, reaching a level not seen in 15 years, according to a report released this week by ...

Global hedge funds are making a beeline to set up shop in India, a market long-shunned by international investors, tempted both by its growing depth and liquidity and its emergence ...

Boeing’s (BA.N) defense business is proving harder to turn around than executives initially predicted, with supplier errors and high manufacturing costs contributing to $1.7 billion in losses this year ...

British watchdog the Financial Conduct Authority said on Friday that it had identified potential “regulatory breaches” in NatWest’s handling of a decision to close former Brexit party leader Nigel ...

Lending criteria for both businesses and households in Cyprus remained tight during the second quarter of 2023, reflecting the cautious approach adopted by Cypriot banks, according to a report released this ...