#business

Cypriot businessmen Costas Cleanthous and Charalambos Panayiotou, shareholders of fintech trading platform XM, have applied to the Central Bank of Cyprus (CBC) to acquire a majority stake in Ancoria Bank, ...

The official launch of the Smart Cyprus project took place this week at the amphitheatre of Cyta’s headquarters in Nicosia. According to an official announcement, the event marked the ...

Cypriot businesses are bracing for potential fallout from a trade war between the United States and the European Union, as Brussels readies retaliatory tariffs in response to threats by US ...

Alphabet (GOOGL.O), faced with unprecedented threats from AI rivals, will be keen to assure investors this week that the company’s own spending on the technology is helping it ...

A key driver of Tesla’s (TSLA.O) profit is disappearing fast as the US government changes policies on an environmental asset known as regulatory credits. Investors are likely to ...

British grocery price inflation rose to 5.2 per cent for the four weeks to July 13, its highest level since January last year, according to data from market researcher Worldpanel by Numerator, ...

Cyprus generated €3.2 billion from tourism in 2024 as traveller numbers rose, with Paphos ranked as the island’s top destination, according to a report released on Tuesday by the statistical service. ...

Britain and ChatGPT maker OpenAI have signed a new strategic partnership to deepen collaboration on AI security research and explore investing in British AI infrastructure, such as data centres, the ...

JPMorgan Chase (JPM.N) is exploring plans to offer loans backed by clients’ cryptocurrency holdings, including bitcoin and ethereum, as early as next year, the Financial Times reported on Tuesday, ...

The Central Bank of Cyprus (CBC) on Tuesday reported total assets of €28.35 billion as of June 30, 2025, according to a report by governor Christodoulos Patsalides. The largest component of the central ...

A sweeping cyber espionage operation targeting Microsoft (MSFT.O) server software compromised about 100 organizations as of the weekend, two of the organizations that helped uncover the campaign said on Monday. ...

ASBISc Enterprises Plc on Tuesday reported a sharp year-on-year increase in its estimated consolidated revenues for June 2025. In a filing to the Cyprus Stock Exchange (CSE), the company said that ...

Cyprus generated €3.2 billion from tourism in 2024 as traveller numbers rose, with Paphos ranked as the island’s top destination, according to a report released on Tuesday by the statistical service. ...

Cyprus has been ranked in the middle of the global wealth rankings for 2025 by The Economist, which placed Switzerland at the top and Burundi at the bottom in its assessment ...

The Kourion and Limassol municipalities will manage parts of their beaches this summer, adopting Ayia Napa’s model to improve services while ensuring low costs for locals and visitors, it ...

The Deputy Ministry of Research, Innovation and Digital Policy on Tuesday announced that it has entered into a strategic agreement with Lenovo and Newcytech Business Solutions Ltd. According to the ...

Cyprus took centre stage in a groundbreaking effort to decarbonise the shipping industry, as the island plays a key role in supporting a first-of-its-kind onboard carbon capture project. The initiative ...

Insight Enterprises and Columbia Group have signed a strategic partnership to deliver IT and OT services to the maritime sector, combining Insight’s enterprise technology expertise with Columbia’s operational ...

Chief marketing officers (CMOs) in the online trading and CFD sector face exceptionally short tenures, with firms based in Cyprus, the United Kingdom, and the UAE showing similar patterns, according ...

UK travellers could be paying as much as £189 for just four days of airport parking, according to new research by UK-based price comparison platform Confused.com. The data reveals that ...

The European Central Bank is set to pause for breath on Thursday after eight consecutive interest rate cuts, with the prospect of steeper-than-expected US tariffs looming. The threat tariffs pose ...

The Cypriot economy continues to demonstrate significant resilience and adaptability despite ongoing global uncertainty, according to Central Bank of Cyprus (CBC) governor Christodoulos Patsalides. In its June 2025 economic bulletin, the ...

Greek consumers are showing growing signs of caution as they reduce their everyday spending and shift priorities heading into the summer. According to the latest data from Plum, a fintech ...

Leading German companies including Siemens (SIEGn.DE) and Deutsche Bank (DBKGn.DE) announced a major investment initiative on Monday aimed at resuscitating investor confidence in Europe’s largest economy. The 61 ...