Business

Employers and Industrialists Federation (Oev) president Antonis Antoniou on Wednesday said that it is the organisation’s duty to highlight possible pitfalls and sound the alarm bell where it sees ...

Cyprus-licensed bank AstroBank on Wednesday announced that it recorded an after-tax profit of €3.3 million in 2021, a notable improvement on the €18 million loss it sustained in 2020. Moreover, the bank recorded a ...

Hellenic Bank on Wednesday described the decision by the bank employees’ union Etyk to stage a 24-hour warning strike on May 31 as “sad and disappointing”. The Etyk executive council announced ...

Cyprus Airways on Wednesday announced that Paul Sies has been appointed to the position of chief executive officer, with Sies officially assuming the role on May 20. “Mr Sies has extensive ...

Apple Inc (AAPL.O) has told its suppliers to speed up iPhone development after China’s strict COVID-19 lockdowns hampered the schedule for at least one of the new phones, ...

Amazon.com Inc (AMZN.O) faces 14 investor resolutions challenging its policies at its annual shareholder meeting on Wednesday, a record for the retail and cloud computing giant, as socially minded ...

British retailer Marks & Spencer (MKS.L) will pull out of Russia altogether and joined rivals in warning about the outlook for the current year amid a worsening cost-of-living crunch. ...

US sportswear maker Nike (NKE.N) has not renewed agreements with its largest franchisee in Russia, the Vedomosti daily reported on Wednesday, marking the latest exit by a major US ...

Ralph Lauren Corp (RL.N) on Tuesday forecast higher sales and improved margins for the year as demand for its luxury clothing and accessories from its biggest markets in North ...

Snap Inc’s (SNAP.N) shares plunged nearly 40 per cent on Tuesday after a profit warning from the Snapchat parent signalled tough times ahead for the once-booming digital ad industry, ...

Universities and other educational institutions in Paphos, which have been increasing in number over the past few years, provide a valuable contribution to the development of the district, non-profit organisation ...

Cyprus Chamber of Commerce (Keve) vice president Andreas Demetriades on Tuesday called on the government and political parties to unite in order to best deal with the challenges posed by ...

The Boehly-Clearlake consortium, which agreed terms to acquire Chelsea for 4.25 billion pounds earlier this month, passed the Premier League Owners’ and Directors’ Test, the league said on Tuesday, paving the ...

A European Commission official on Monday urged the Cypriot authorities to proceed with the implementation of Cyprus’ National Recovery and Resilience plan, warning that Cyprus risks losing EU funds in ...

Western countries must not trade security for economic profit, NATO Secretary-General Jens Stoltenberg warned on Tuesday, referring to debates over the use of Chinese technology in 5G networks and the ...

The world is facing a major oil supply crunch as most companies are afraid to invest in the sector as they face green energy pressures, the head of Saudi Aramco ...

The crypto winter is into its ninth week and bitcoin can’t shake the chills. From technicals to turnover, market indicators are flashing red or amber for the biggest cryptocurrency, ...

US and European stocks rallied on Monday, with the S&P 500 (.SPX) for the moment moving away from a bear market, while the euro leapt after the European Central ...

Toyota Motor Corp (7203.T) will cut its global production plan by about 100,000 to roughly 850,000 vehicles in June due to the semiconductor shortage, it said on Tuesday. The company did not ...

The month of May has surely been a month to remember for the crypto community, we have witnessed $1.5 trillion being wiped off the value of the market and some of ...

The vision of green transition and the course Cyprus is called to follow towards it, were the topics of an address by the president of Disy, Averof Neophytou, in the ...

The number of investment institutions increased from 257 in December 2021 to 273 in March 2022, according to a report on Monday published by the Central Bank of Cyprus (CBC). Moreover, for the same ...

Lebanese banks are planning to close their branches in Cyprus, following a decision by the Lebanon Central Bank, according to a report by the Cyprus News Agency (CNA) released on ...

With COVID-19 lockdowns normalising home delivery of everything from fast food to aspirin, brewers are tapping into a lucrative new sales format – delivering cold beer on demand to consumers still ...