#business

The UK’s financial regulator has laid out plans to ensure investors in bonds and derivatives markets have access to more information and that firms lower costs by making investment ...

Here are the top business stories in Cyprus from the week starting November 4: Cyprus and Egypt are set to deepen maritime collaboration through a joint commission established during Deputy Shipping ...

By Maria Demertzis The private sector can cover at least half of the investment gap identified in Mario Draghi’s competitiveness report but will only do so if the EU’...

Physical Intelligence, a startup that is developing foundational software for robots, has announced that it has raised $400 million in early-stage funding from Amazon’s Jeff Bezos, OpenAI, venture capital firms ...

South Korea has ordered Facebook owner Meta Platforms (META.O) to pay 21.62 billion won ($15.67 million) in fines after finding it had collected sensitive user data and given it to advertisers ...

Passenger traffic at Cyprus’ Larnaca and Paphos airports increased by 7.14 per cent in October 2024 compared to October 2023, according to the Transport Ministry. The ministry said this resulted in record traffic ...

A consortium of financial technology and cryptocurrency companies including Robinhood (HOOD.O), Kraken and Galaxy Digital (GLXY.TO) this week introduced a joint stablecoin pegged to the US dollar. The ...

Nintendo this week cut its operating profit forecast for the year to March 2025 by 10 per cent to 360 billion yen ($2.36 billion), as its ageing Switch console loses steam. The latest forecast ...

The US Supreme Court is set to consider bids by two tech giants – Meta’s (META.O) Facebook and Nvidia (NVDA.O) – to fend off federal securities fraud lawsuits in ...

British house prices hit a new record high in October but the 0.2 per cent rise from September was the smallest in three months and demand could remain subdued if interest ...

The Cyprus Securities and Exchange Commission (CySEC) on Friday issued a warning regarding a rise in fraudulent activity. The latest spate of incidents involves individuals posing as CySEC officers to ...

Better regulations and improved transparency are necessary for the development of the fixed-income market, according to Societe Generale’s Elina Asimakopoulou. Asimakopoulou, who works as a senior cross asset execution ...

The PwC Cyprus Foundation on Friday announced a strategic sponsorship collaboration with Cyprus Seeds. Cyprus Seeds is a private, non-profit organisation whose mission is to support the commercialisation of innovative ...

Inflation in Cyprus dropped to a three-year low of 0.6 per cent in October, mainly due to falling petroleum prices, according to a report from the Cyprus Statistical Service (Cystat). Still, ...

Eurobank’s third-quarter results mark a significant milestone as the bank fully integrates Cyprus’ Hellenic Bank for the first time since acquiring a majority stake, said Eurobank CEO Fokion Karavias. “...

Alpha Bank (ACBr.AT), Greece’s fourth-largest lender by market value, reported higher net earnings in the January-September period compared to the same period in 2023, on lower provisions and strong ...

Passenger traffic at Cyprus’ Larnaca and Paphos airports increased by 7.14 per cent in October 2024 compared to October 2023, according to the Transport Ministry. The ministry said this resulted in record traffic ...

Eurozone firms expect their turnover to keep rising this quarter but their margins remain under pressure with wage growth outpacing selling price increases, the European Central Bank said in a ...

Hellenic Bank and the union representing its employees, Etyk, have finalised a new collective agreement, based on the preliminary accord reached in April 2023 with the mediation of the Labour Minister. ...

German software developer TeamViewer (TMV.DE) raised its outlook for adjusted core profit margin for the full year after better-than-expected profitability in the third quarter following a reduced sponsorship deal ...

The Bank of England cut interest rates on Thursday for only the second time since 2020 and said future reductions were likely to be gradual, seeing higher inflation and growth after ...

Cyprus is growing as a top choice for foreign direct investment (FDI) in Europe, said Invest Cyprus CEO Marios Tannousis on Thursday. Tannousis addressed an international audience at the 10th ...

Hellenic Bank and the union representing its employees, Etyk, have finalised a new collective agreement, based on the preliminary accord reached in April 2023 with the mediation of the Labour Minister. ...

Greek retail chain Jumbo Group reported robust sales growth for the first ten months of 2024 at its recent shareholder briefing. This was driven by strong demand in key markets and ...