#business

The Bank of England is widely expected to reduce its benchmark interest rate from 4.25 per cent to 4 per cent on Thursday. A further rate cut is anticipated before the end ...

In 2024, European Union countries produced 32.7 billion litres of beer containing more than 0.5 per cent alcohol and an additional 2 billion litres of beer with less than 0.5 per cent alcohol or no ...

Britain’s manufacturers – hit in recent months by trade wars and higher taxes – moved closer to a return to growth in July and executives were their most optimistic in five ...

Oil prices edged higher on Monday, paring earlier losses, as traders expect the market to absorb another large output hike by OPEC+ in September, while worries about disruptions to Russian ...

Cyprus’ real estate market remains resilient and in high demand, with a strong start to 2025 confirming last year’s momentum, according to Cyprus Real Estate Agents Registration Council president Marinos ...

Cyprus surpassed its pre-pandemic tourism figures in 2024, as international arrivals and revenues rose sharply, aligning with a global rebound that brought worldwide travel nearly back to 2019 levels, according to data ...

Cyprus is steadily emerging as a regional player in digital innovation, technology adoption and artificial intelligence, transforming itself into a competitive hub in the Eastern Mediterranean. At the core of ...

Cyprus recorded a general government budget surplus of €557.6 million (1.6 per cent of GDP) in the period from January to June 2025, according to preliminary figures released by the state statistical service ...

Cyprus-flagged MV CYMONA OCEAN, a new Kamsarmax bulk carrier built by Japan’s Oshima Shipbuilding, has been delivered to the fleet of shipowner Nicolas  Hadjioannou and will be managed by ...

Alpha Bank A.E. and its wholly owned subsidiary Alpha Finance Investment Services S.A. on Monday announced the signing of a definitive share purchase agreement with the shareholders of ...

Pandora Investments Public Company Limited on Monday announced the sale of the Oceanus office tower, a key component of the under-construction Limassol Blu Marine project. The transaction was carried out ...

Cypriot beverage company Keo PLC on Monday announced that it has completed the distribution of its interim dividend to eligible shareholders, in accordance with the announcement issued on June 25, 2025. In ...

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides said that the country must remain prudent and vigilant in order to navigate the mounting global uncertainty. In an interview with Politis, ...

Farmers and foresters across Europe are sharing sustainable bio-based practices and technologies, showing how local knowledge and European collaboration can help drive the transition to a greener future. By Sofia ...

Spending on telecom and pay TV services in the Middle East and Africa (MEA) region reached $149 billion in 2024, marking a 7.7 per cent year-on-year increase compared with worldwide growth of 2.2 per ...

The global smartphone market experienced a marginal decline in the second quarter of 2025, marking the industry’s first downturn in six consecutive quarters, according to the latest research from Canalys. ...

The global PC market recorded a strong performance in the second quarter of 2025, with total shipments of desktops, notebooks and workstations rising 7.4 per cent year on year to 67.6 million units, ...

Total government budget allocations for research and development (GBARD) across the European Union reached an estimated €127.91 billion, equivalent to 0.71 per cent of gross domestic product (GDP). Eurostat reported that this ...

The imposition of tariffs by the United States strengthens deglobalisation and may lead to short-term increases in the prices of certain goods while uncertainty remains, according to economist Tassos Yiasemides. ...

Cyprus recorded the lowest annual inflation rate among eurozone countries in July 2025, with consumer prices rising by just 0.1 per cent year-on-year, according to preliminary data released by Eurostat. This represents ...

Here are the top business stories in Cyprus from the week starting July 28: Eurobank has reported adjusted net profits of €711 million for the first half of 2025, marking a decline of 2.9 ...

Emerging markets are basking in the glow of their surprise rally this year, but major investors warn things may get tougher as countries finally learn their US tariff fates and ...

ADNOC Drilling (ADNOCDRILL.AD), a unit of Abu Dhabi’s state oil giant, reported a 19 per cent rise in second-quarter profit this week, supported by strong performance in its oilfield ...

GSK (GSK.L) expects to deliver annual sales and profit growth towards the top end of its forecasts after beating second-quarter expectations earlier this week, in a boost to its ...