Business

The European subsidiary of Russia’s VTB (VTBR.MM) is changing its name after its parent refused to allow it to operate under the brand, an executive told Reuters. The ...

President Nikos Christodoulides will take part on Thursday in an atypical international humanitarian conference in Paris on means of providing aid to civilians in Gaza. He is expected to present ...

Cyprus has seen a 7.3 per cent reduction in the number of building permits issued during the first eight months of 2023 when compared to the same period the previous year, according ...

Cyprus has witnessed a significant upswing in vehicle registrations, with a remarkable 32.5 per cent annual increase during the first ten months of 2023, compared to the same period in 2022, according to ...

British retailer Marks & Spencer reported a much better-than-expected 75 per cent rise in first-half profit and restored its dividend but cautioned the combination of high borrowing costs, erratic weather and ...

France’s Renault (RENA.PA) has cut its stake in Nissan (7201.T) to 15 per cent from about 43 per cent by placing 28.4 per cent of the Japanese automaker in a French ...

Experts gathered to address the challenges faced by consumers in the new digital age and during the green and digital transition at a conference on Wednesday. The event commenced with ...

Invest Cyprus president Evgenios Evgeniou on Wednesday called on the Cypriot business community to put forth ideas aimed at attracting foreign investment, which are in line with the priorities of ...

In the dynamic landscape of business, growth is not merely a goal; it’s a necessity for long-term success. However, the path to expansion is fraught with challenges, and one ...

Israel’s Newmed Energy LP announced on Wednesday that the final decisions regarding the development of the ‘Aphrodite’ gas field will be made on November 20. The company also said that ...

Council suggests a unified housing policy, state land utilisation, and various incentives to address the ongoing housing affordability issue. The Cyprus Economy and Competitiveness Council (Soak) on Wednesday submitted a ...

The largest internally flawless fancy vivid blue diamond ever put up for auction sold for a staggering $43.8 million at a Christie’s sale of rare jewels in Geneva on Tuesday, ...

The Bank of England on Wednesday said results of stress tests on central counterparties (CCPs) showed continued resilience at the businesses, which help clear and settle trades in financial instruments ...

The Dhekelia power station will continue to operate and will be modernised, according to a joint energy ministry and electricity authority (EAC) decision announced on Wednesday. Speaking to state broadcaster ...

Turkey’s parliament removed Coca-Cola (KO.N) and Nestle (NESN.S) products from its restaurants on Tuesday over their alleged support for Israel amid the conflict in Gaza, according to ...

Flexible workspace provider WeWork (WE.N) sought US bankruptcy protection on Monday, crippled by a large debt pile and soaring losses due to lower demand for office space from cost-conscious ...

AstroBank announced on Tuesday that, following a statement issued on September 11, 2023, regarding the potential acquisition of the Cyprus Development Bank (CDB), the two entities have failed to reach a mutual ...

The European Council recently announced changes to the EU list of non-cooperative countries for tax purposes, with several nations being removed and added to the list. These updates will have ...

Professional services firm Deloitte recently celebrated 65 years of its successful presence in Cyprus, according to an official announcement released this week. The significant milestone was commemorated during a special event ...

British house prices ended a six-month declining streak in October, but the increase reflects a shortage of properties on sale and renewed falls are likely, mortgage lender Halifax said on ...

German industrial production fell more than expected in September, data showed on Tuesday, as a recent slump in incoming orders took its toll on production. Production fell in September by 1.4 ...

Cyprus Deputy Minister of Tourism Kostas Koumis attended the prestigious World Travel Market (WTM) in London this week, bolstering Cyprus’ presence at the event, and relaying optimism about the prospects ...

The European Investment Fund (EIF) of the European Investment Bank (EIB), along with Cypriot Finance Ministry, this week announced the launch of Cyprus’ very first equity fund. According to an ...

As industrial processes become more complex and our reliance on various gases grows, the need for effective gas detection becomes increasingly evident. The consequences of failing to detect the presence ...