Business

High-end department store conglomerate Saks Global filed for bankruptcy protection late on Tuesday in one of the largest retail collapses since the pandemic, barely a year after a deal intended ...

PwC Cyprus hosted a Cyprus–India AI event in Nicosia this week, bringing together business and academic leaders to discuss artificial intelligence (AI) collaboration and its role in innovation and ...

The number of bounced cheques in Cyprus declined further in 2025, falling to 213, according to figures released on Wednesday by the Central Bank of Cyprus (CBC). This compares with 300 in 2024, 356 in 2023 ...

Constantinos Herodotou has made it onto the final short list of candidates for the presidency of the European Banking Authority (EBA), becoming the first Cypriot to reach the last stage ...

Cyprus’ tax reform introduces changes to capital gains tax covering property exchanges, property sales and the disposal of shares linked to real estate. Amendments to the capital gains law extend ...

The crypto industry keeps evolving in different ways, and 2025 will be the turning point for decentralized trading. Crypto networks have never been this fast and affordable, and Solana is the ...

The Limassol Chamber of Commerce and Industry (Evel) marked its annual social contribution this week by extending financial support to charitable foundations across the city and district of Limassol, continuing ...

Airlines for Europe (A4E), the European Regions Airline Association (ERA) and the International Air Transport Association (IATA have expressed deep concern over the European Parliament’s latest push to ...

Demand for workers in AI, regulation, data reporting and other specialist skills drove vacancies in Britain’s financial sector up 12 per cent in 2025, recruiting firm Morgan McKinley said on Monday, ...

InterMaritime Shipmanagement, headquartered in Limassol, has announced the appointment of Erwin Derlagen as Senior Technical Director, strengthening the company’s executive leadership and technical capabilities. According to the announcement, Erwin ...

Spain’s leftist government will further tighten rental rules and restrict medium-term leases to contain soaring rents and prevent price abuse under a decree to be approved in the coming ...

Cyprus’ public service will move to a regulated hybrid working from home model from April 2, 2026, after the department of public administration and personnel issued a new manual setting out how ...

Sterling rallied against the U.S. dollar on Monday, alongside the euro and the Swiss franc, after the Trump administration threatened Federal Reserve Chair Jerome Powell with a criminal indictment. ...

Heineken’s CEO Dolf van den Brink resigned unexpectedly on Monday after six years of leading the Dutch brewer and only a few months after setting its new strategy, as ...

U.S. financial stocks and UK-listed lenders fell on Monday as President Donald Trump’s call for a one-year cap on credit card interest rates ​threatened a key revenue stream ...

Cardano’s 2021 rally was one of the most remarkable in crypto history, surging from roughly $0.035 to over $3.00 and delivering a 30x return for early holders. That level of growth has ...

The allure of Bitcoin mining lies in its potential for high returns. However, with increasing mining difficulty and market volatility, selecting an efficient and transparent cloud mining platform is crucial. ...

Cypriots’ travel choices in 2024 leaned heavily towards Greece and the United Kingdom, with overseas trips accounting for the bulk of spending, according to Eurostat data. Cypriots made a total of 3.3 ...

Cyprus’ betting market continued to expand in the third quarter of 2025, with total gross revenue from Class A and Class B operators rising by 7 per cent year-on-year to €312.5 million, according ...

Taxpayers will be able to claim income tax deductions of up to €3,000 per year under the tax reform that took effect this month, with relief targeting housing costs, green upgrades ...

Hourly pay for civil servants in Cyprus now spans from €9.48 at the lowest end of the pay scale to €46.12 for the most senior positions, based on updated remuneration tables released ...

Cyprus’ public service will move to a regulated hybrid working from home model from April 2, 2026, after the department of public administration and personnel issued a new manual setting out how ...

The Cyprus Shipping Chamber (CSC) met this week with Shipping Deputy Minister Marina Hadjimanolis in the context of close contacts aimed at coordinating issues that will concern the Cyprus shipping ...

Cyprus’ tax reform, which took effect on January 1, 2026, is expected to deliver direct financial benefits to taxpayers through revised tax scales, according to the audit office. The office said the ...