#business

Energy group BP (BP.L) expects first-quarter gas marketing and trading earnings to be weak while net debt will rise, the company said this week, sending its shares lower. The ...

Samsung Electronics this week flagged a much smaller-than-feared 0.2 per cent fall in first-quarter operating profit, boosted by solid memory chip sales and strong smartphone demand, partly driven by customers concerned ...

German sports car maker Porsche (P911_p.DE) delivered 8 per cent fewer vehicles globally in the first quarter, it said this week, hit by declining demand in China and Europe. ...

Britain’s economy returned to growth in February with its fastest expansion in 11 months, beating economists’ expectations and placing it on a slightly firmer footing as it braces for the ...

The first-ever global carbon tax on shipping is no longer a distant ambition. Talks at the International Maritime Organisation (IMO) headquarters in London this week propose real momentum toward binding ...

The Bank of Cyprus (BoC) on Friday announced the repurchase of 520,200 of its own ordinary shares between April 4 and April 10, 2025, as part of its ongoing share buyback programme. The transactions ...

Cyprus’ government workforce increased by 574 people in March 2025, marking a one per cent annual rise and bringing the total number of employees to 55,325, according to the state statistical service. The ...

Cyprus is stepping up efforts to attract more visitors from Poland, with the Famagusta regional tourism board (Etap) teaming up with local hotels for a roadshow across Krakow, Poznan and ...

Jinius, the innovative digital platform and subsidiary of the Bank of Cyprus Group, has announced its full support for the government’s initiative to adopt electronic invoicing, positioning itself as ...

Eurobank on Friday announced the successful completion of its mandatory public offer to acquire Hellenic Bank, increasing its direct ownership stake to 98.46 per cent of the bank’s issued share ...

The Cyprus Investment Funds Association (CIFA) held its Annual General Meeting (AGM) on Thursday, presenting a comprehensive review of the sector’s achievements and outlining strategic priorities for continued growth ...

Limassol Greens, a €400 million residential and tourism development, is gearing up for property handovers and expansion plans within 2025. Described as “a project driven by vision, innovation and clear strategic direction,” ...

The fifth edition of Tech Talks, a community-driven event inspired by Google’s original Tech Talks initiative, is set to take place on Monday, May 5, at 7pm. Aimed at the ...

Wall Street traders and investors have been sent to the brink over the past week by President Donald Trump’s tariff policy, scrambling to figure out strategies and calming clients ...

United Arab Emirates’ renewable energy company Masdar said on Thursday it had fully acquired Greece’s Terna Energy (TENr.AT), after buying a majority stake last year, a further step ...

Some companies have said they are looking at expanding their presence or setting up shop in the United States to mitigate the costs of President Donald Trump’s sweeping tariffs. ...

Tesco (TSCO.L), Britain’s biggest food retailer, warned on Thursday its profit would likely fall this year, blaming increased “competitive intensity” in the UK market and sending its shares ...

Tech giant Apple chartered cargo flights to ferry 600 tons of iPhones, or as many as 1.5 million, to the United States from India, after it stepped up production there in an ...

The searing selloff in Treasuries this week in response to tariffs caused dislocations in the world’s biggest bond market, as hedge funds unwound some debt-fuelled bets and investors raised ...

Cyprus is facing a period of growing uncertainty, as investment activity is likely to be affected by the US government’s decision to impose import tariffs, said Andreas Andreou, deputy ...

Banks in Cyprus reduced interest rates on housing loans in February, according to comparative figures published by the Central Bank of Cyprus on Thursday. At the same time, most institutions ...

Limassol recorded €1.38 billion in residential property transactions in 2024, with a total of 3,164 sales across all price categories. The figures reflect activity across high-value, mid-range and lower-priced properties, according to land ...

The value of bounced cheques in Cyprus rose to €156,564 in the first quarter of 2025, according to data published on Thursday by the Central Bank of Cyprus (CBC). The CBC noted ...

Tesla (TSLA.O) started selling cars in Saudi Arabia on Thursday, a country where on a 900-kilometre (559 mile) stretch of its main east-west highway linking the capital Riyadh and the ...