Retail and tourism keep Cypriot economy on growth path
Buoyed by the tourism and retail sectors, the Cypriot economy continued to be on an upwards trajectory in August according to a report by the University of Cyprus Economic Research ...
Cyprus Business Now
DP World Limassol used World Tourism Day to reiterate its commitment to further bolster the country’s cruise industry and turn the Limassol port into a top cruise hub in ...
Air France-KLM eyes capital options, US bookings surge
Air France-KLM is looking at raising fresh funds soon after completing a share issue earlier this year, bolstered by a positive trend in bookings since the United States announced a ...
Rolls-Royce to switch to all electric range by 2030
Rolls-Royce will produce only electric cars by 2030, the luxury carmaker said on Wednesday, joining other premium brands making the switch such as Volkswagen’s Bentley and Jaguar’s Land Rover.
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EU supports US tech trade declaration despite French autonomy concerns
European Union governments committed to a joint EU-US declaration on technology cooperation on Wednesday, just in time for a key transatlantic meeting, after France threatened to block it unless it ...
AstraZeneca buys rare disease drugmaker Caelum in potential $500 mln deal
AstraZeneca (AZN.L) will take full control of Caelum Biosciences in a deal worth up to $500 million, the drugmaker said on Wednesday, sharpening its focus on rare-disease drugs following its ...
Small Paphos company wins EU Safety Award
Paphos-based family business, Safe.T.First Pool Safety Ltd, has beaten entrants from 31 EU/EEA countries to win a prestigious EU Product Safety Award at a high-level ceremony held in ...
UK denies fishing permits to three-quarters of small French boats
France accused Britain of playing politics with post-Brexit fishing rights on Wednesday after London granted licenses to fish in its territorial waters to only 12 small French boats out of 47 applications.
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Abu Dhabi’s Etihad Airways working on additional sustainable financing
Etihad Airways is working on what would be its third financing transaction linked to sustainable investment considerations, the Abu Dhabi government-owned airline’s treasurer said on Wednesday.
Environmental, social and ...
Ryanair expects Boeing MAX deal ‘will come our way eventually’
Ryanair (RYA.I) expects a large deal with Boeing (BA.N) on an order for the 737 MAX 10 “will come our way eventually” as cancellations put pressure on the US planemaker, ...
Cyprus and Lebanon tech communities come together
A memorandum of understanding has been signed to officially launch the Cyprus Lebanon IT Hub (CLITH).
Signed and confirmed during an online press conference, this initiative aims to bring the ...
Cyprus Business Now
The Bank of Cyprus’ BOC Asset Management (BOCAM) company has been awarded a contract to provide consultancy services to the Cyprus Telecommunications Authority (Cyta), as well as to its subsidiaries ...
Shift to EVs means huge ‘reskilling’ job for Europe
The shift to electric vehicles will force huge changes in the auto industry and require EU backing for ‘reskilling’ programs to help workers prepare for a zero-emission future, according to ...
EU executive urges VW to compensate all EU consumers over Dieselgate
The European Commission and EU consumer authorities urged Volkswagen (VOWG_p.DE) on Tuesday to compensate all consumers, not just those in Germany, for having misled them over the emissions ...
Turkish cenbank head sees pricing behaviour returning to normal
Turkish Central Bank Governor Sahap Kavcioglu said on Tuesday he expects pricing behaviour to return to normal as the effects of the COVID-19 pandemic ease, and the bank will keep ...
UK office landlords may not see immediate threat from hybrid work
The hybrid working model may not be an immediate threat for British commercial landlords as corporate decisions on space requirements are taking longer than first thought, a Citigroup analyst said ...
End of furlough brings uncertainty for UK jobs and economy
More than a million British workers face an uncertain future this week as the UK becomes the world’s first big economy to wind up its COVID-19 jobs support scheme.
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Hellenic Bank: volunteer actions focused on people and the environment
Volunteers Team plays an active role in social matters
Hellenic Bank places people at the centre of its operations, be it in terms of sustainable growth planning or through its ...
Facebook puts Instagram Kids on hold amid criticism of planned app
Instagram has hit pause on a new app it is creating for kids, the photo-sharing service owned by Facebook Inc (FB.O) said on Monday, in a move that comes ...
Tourism sector must focus on sustainability, stakeholders told
World Tourism Day with its theme this year of tourism for inclusive growth should be a call for the entire industry to renew itself, stakeholders in Cyprus said on Monday.
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Cyprus Business Now
The Cyprus Shipping Chamber held its annual charity beach volley tournament in Limassol between September 19 and September 26.
The tournament included the participation of the chamber’s member companies and was ...
British warehouse worker shortage triggers up to 30 per cent pay spike
Warehouses in Britain are having to pay up to 30 per cent more to recruit staff after a chronic shortage of workers exacerbated pressure on already buckling supply chains and threatened ...
New bills seek stronger tools to deal with bad debts
Lawmakers on Monday began reviewing three government bills which would give credit acquiring companies (CACs) enhanced access to debtors’ financial data, affording the financial industry more tools to deal with ...
Why food is more expensive today than for most of modern history
Global food prices shot up nearly 33% in September 2021 compared with the same period the year before. That’s according to the UN Food and Agriculture Organisation (FAO)‘s monthly Food ...