#business

Here are the top business stories in Cyprus from the week starting December 2: Paphos mayor Phedonas Phedonos has urged Cypriot businesses to adopt a more international, export-oriented approach, saying that ...

By Hallam Stevens On November 12, United States president-elect Donald Trump announced he would appoint Elon Musk, the world’s richest man, to lead a newly constituted Department of Government Efficiency ...

French borrowing costs rose above those of Greece for the first time on December 2, as Michel Barnier’s government teetered on the brink of collapse, underlining a dramatic shift in ...

Tesla’s (TSLA.O) market capitalisation increased by the most among top global companies in November, boosted by expectations the automaker will benefit from CEO Elon Musk’s close ties ...

Britain’s cyber security chief warned of a rise in hostile activity in the country’s cyberspace, with the number of incidents handled by officials rising by 16 per cent in 2024 ...

Salesforce (CRM.N) beat Wall Street estimates for third-quarter revenue on December 3 and raised the lower end of its annual revenue forecast, helped by robust spending on its enterprise cloud ...

The Bank of Cyprus on Friday outlined a range of initiatives designed to ease the financial strain on customers in the face of market interest rate volatility. In its announcement, ...

Intel (INTC.O), has started evaluating a handful of outsiders, including former board member Lip-Bu Tan, for the role of chief executive after the struggling American chipmaking icon ousted company ...

By Frederic Pralus The importance of Foreign Direct Investment (FDI) for national economies is undeniable. For countries like Cyprus, with an outward-oriented economic approach, the ability to attract businesses and ...

A gauge of British manufacturing activity pointed to the sharpest contraction in nine months, as orders from domestic and foreign customers fell and ongoing supply chain disruption pushed up costs. ...

Mastercard (MA.N), has reached an agreement in principle to settle a collective London lawsuit brought on behalf of British consumers over card fees, the company said this week. The ...

Eurozone productivity growth remained weak in the third quarter despite a modest expansion in the bloc’s economy, continuing a poor run that has lasted years, data from Eurostat showed ...

EY Cyprus on Friday announced that its recently held forum highlighted the international investment community’s view of Cyprus’ investment appeal. The EY Attractiveness Forum also addressed key economic challenges ...

Total beer deliveries in Cyprus saw a significant decline of 33 per cent in November, compared to the same period last year, according to the state’s statistical service. The total ...

Employment in Cyprus experienced a 2.2 per cent increase in the third quarter of 2024 compared to the corresponding period in 2023. According to data published by the Cyprus Statistical Service (Cystat) on ...

Cyprus has intensified its efforts to expand its Research and Development (R&D) landscape through a recent visit to Indonesia. Chief Scientist Demetris Skourides and Ambassador Nikos Panagiotou held ...

The Energy Ministry is offering a second chance for small and medium-sized enterprises (SMEs) and non-profit organisations to secure funding through the ‘Save – Upgrade’ scheme. This initiative, backed by the ...

The Research and Innovation Foundation (RIF) on Friday announced the launch of ‘Boost,’ a new blended finance scheme. The new scheme is designed to support certified innovative companies in Cyprus ...

The Bank of Cyprus on Friday outlined a range of initiatives designed to ease the financial strain on customers in the face of market interest rate volatility. In its announcement, ...

Shell (SHEL.L) and Norway’s Equinor (EQNR.OL) will merge their British North Sea assets to form the ageing basin’s largest oil and gas company, the pair said ...

The turnover index for Cyprus’ industrial sector rose by 1.3 per cent in September 2024, when compared to the same month in 2023, according to the state’s statistical service. Over the first ...

Cyprus has revamped its planning and building permit system, cutting approval times to just 40 working days for small-scale developments, Interior Minister Constantinos Ioannou announced this week. The reforms target low-risk “...

British employees whose health deteriorates are four times more likely to drop out of the labour market if they have little or no flexibility over their working conditions, according to ...

New battery electric vehicle (BEV) sales in UK rose 58 per cent in November, marking the eleventh straight month of growth, industry data showed, driven by deep discounts to meet government-mandated ...