#business

Britain’s vehicle output dropped sharply in April, marking the worst start to the year since 2009, due to weak export demand and the timing of Easter, industry data showed this ...

China’s Xiaomi this week reported record first-quarter revenue and profit, as the company said its ongoing shift towards higher-end products from smartphones to home appliances was already paying off. ...

Tesla (TSLA.O) has been testing driverless Model Y cars in Austin, Texas and aims to deliver the first unit in June, CEO Elon Musk said this week, amid buzz ...

Total deposits in Cyprus recorded a net increase of €492.9 million in April 2025, compared to a net decrease of €66.3 million in March 2025, according to statistics published by the Central Bank of ...

Cyprus recorded a general government surplus of €646.8 million in the first four months of 2025, according to preliminary fiscal data published by the Cyprus Statistical Service (Cystat) on Friday. The surplus ...

Mining and quarrying recorded the strongest increase in output prices in April 2025, rising by 7.4 per cent year-on-year, while water supply and materials recovery saw the sharpest drop, down by 5.3 per ...

Cypriot maritime technology firm Tototheo Global was among the international companies participating in Asia Tech x Singapore 2025, one of the region’s leading technology events, held from May 27 to 29 at ...

Sony’s CEO said on Thursday the spin-off of the group’s financial services arm will give that business its own fundraising capabilities. “It is significant that, through the spin-off, ...

Cyprus’ industrial production index rose by 1.9 per cent in March 2025 compared with the same month last year, according to data released by the Cyprus Statistical Service (Cystat). The index reached 109.8 ...

The Daleela ferry resumes its Cyprus-Greece connection on Saturday, departing from Limassol for Piraeus in the first of 22 scheduled crossings this summer. Now in its fourth consecutive season, the passenger ...

Cyprus recorded €43.8 million in high-value property transactions in April 2025, marking a 52.8 per cent drop compared to March, according to real estate analytics firm Ask Wire. Based on Land Registry data ...

Germany is considering a 10 per cent tax on large online platforms like Alphabet’s Google (GOOGL.O) and Meta’s Facebook (META.O), its new culture minister told magazine Stern, ...

European shares are expected to rise slightly by the end of 2025 before scaling new heights in 2026, boosted by monetary easing and higher fiscal spending, but tariff and trade uncertainties are ...

Hellenic Bank will officially adopt the name Eurobank Limited following its legal consolidation with Eurobank Cyprus, according to a decision by the board of directors on May 27. The change will ...

Unemployment in Cyprus stood at 5 per cent in the first quarter of 2025, according to a report published by the Cyprus Statistical Service (Cystat) on Thursday. The number of unemployed people ...

Global air cargo demand rose by 5.8 per cent in April 2025 compared to the same month last year, according to data released by the International Air Transport Association (IATA). Capacity, measured ...

Cyprus recorded €43.8 million in high-value property transactions in April 2025, marking a 52.8 per cent drop compared to March, according to real estate analytics firm Ask Wire. Based on Land Registry data ...

Freedom Holding Corp. (FRHC), a diversified, multinational financial services firm, has been selected for inclusion in the Russell 3000® Index as part of its annual reconstitution in 2025. The inclusion will take ...

European stocks and Wall Street futures rose on Thursday after a U.S. federal court blocked President Donald Trump’sso-called “Liberation Day” tariffs from going into effect, sending the dollar ...

Cyprus presented its case as a strategic investment hub during an event in London this week, aiming to attract British investors by showcasing sector-specific opportunities and the island’s role ...

Cyprus has launched a new Business Support Centre (BSC) to streamline licensing procedures and support both local and international investors, offering a single point of access to key public services. ...

Nvidia (NVDA.O) forecast second-quarter revenue below market estimates on Wednesday, expecting a major hit to sales from tighter US curbs on exports of its AI chips to key semiconductor ...

British grocery price inflation jumped to 4.1 per cent for the four weeks to May 18, its highest level since February last year, adding to pressure on consumers already facing higher household ...

Cyprus is stepping up efforts to encourage mergers and acquisitions among small and medium-sized enterprises, aiming to unlock growth, competitiveness and innovation across key sectors. Speaking at a conference organised ...