#business

UBS Global Research has increased its year-end target for the S&P 500 index to 5,850 points, up from its previous estimate of 5,600. This revision is attributed to corporate profit growth, ...

The fourth annual Thalassa Festival will take place in Limassol’s multifunctional seaside park (Molos) on October 19, showcasing entertainment and insights into the blue economy’s impact on Cyprus, backed ...

The Bank of New York has awarded the Bank of Cyprus the “STP AWARD 2023” for the third consecutive year, recognising the high-quality procedures the Bank follows in the area of ...

The Deputy Ministry of Research, Innovation and Digital Policy on Tuesday announced that it has signed a Memorandum of Understanding (MoU) with UAE’s Khazna, the largest data centre operator ...

The Cyprus Securities and Exchange Commission (CySEC) on Tuesday reported that the total assets under management (AUM) for the country’s collective investment sector reached €9.4 billion in the second quarter ...

Cyprus-based international gaming and entertainment company GDEV this week released its financial results for the second quarter of 2024, posting $108 million in bookings. This highlights the continued growth of its popular ...

British pay grew at its slowest pace in more than two years in the three months to August and vacancies fell again, according official data that will probably be welcomed ...

The world’s total public debt is set to exceed $100 trillion this year for the first time, and may grow more quickly than forecast as political sentiment favors higher spending ...

Oil prices slid as much as $3 to a near two-week low during Asian trade on Tuesday on the back of a weaker demand outlook and after a media report said ...

U.S. stock index futures were mixed on Monday as investors geared up for a week packed with third-quarter earnings reports and economic data that will likely test stretched stock ...

OPEC on Monday cut its forecast for global oil demand growth in 2024 reflecting data received so far this year and also lowered its projection for next year, marking the producer ...

Rising interest rates, which have led to increased borrowing costs, have consequently weighed heavily on mortgage demand in Cyprus, according to Delfi Partners’ analysis, which examined data for the first ...

General Motors and Barclays said on Monday they have signed a long-term credit card partnership agreement to let customers earn and redeem reward points on new Buicks, Cadillacs and other ...

Adobe on Monday said it has started publicly distributing an AI model that can generate video from text prompts, joining the growing field of companies trying to upend film and ...

Cyprus’ potential as a prime investment destination received a boost with last week’s inauguration of two major manufacturing facilities, the Olympus dairy plant in Nicosia and the Kassatly beverage ...

Rising interest rates that gave rise to increased borrowing costs have weighed heavily on mortgage demand in Cyprus, according to Delfi Partners’ analysis, which looked at data for the first ...

Britain on Sunday launched a first formal strategy for industry in seven years, as the new Labour government pledged greater stability and certainty for businesses on the eve of a ...

The Cyprus Statistical Service (CyStat) reported robust growth across key sectors of the economy in the first half of 2024, with manufacturing, construction, and tourism showing notable gains. Manufacturing production rose ...

JPMorgan Chase’s third-quarter profit beat expectations as strong investment banking performance and rising interest payments offset a hit from bigger loan loss provisions, sending its shares up before the ...

Oil prices softened on Friday but were set for a second weekly gain as investors weighed the impact of hurricane damage on U.S. demand against any broad supply disruption ...

The pound was pinned around a one month low on the dollar on Friday, getting little support from data that showed Britain’s economy returned to growth in August. Sterling ...

Volkswagen Group on Friday reported a 7 per cent decline in third-quarter global deliveries, showing how Europe’s car industry is facing tough challenges, including weak demand from China and high ...

Here are the top business stories in Cyprus from the week starting October 7: Cyprus’ ambitions to transform itself into a tech hub are facing significant challenges, as tech firms warn ...

U.S. stock index futures edged lower on Friday, ahead of the third-quarter earnings season kickoff, after hotter-than-expected September inflation data solidified expectations for a 25-basis-point rate cut by the ...