#business

Cyprus recorded one of the highest rates of weekend work in the European Union in 2025, with 31.3 per cent of employees usually working during weekends, according to Eurostat. This places Cyprus ...

Cyprus household financial assets reached €65.1 billion at the end of December 2025, while household debt stood at €19.8 billion, corresponding to 54 per cent of gross domestic product, according to the Central Bank ...

Exports of pharmaceutical products from the European Union to non-EU nations supported a record 926,000 jobs across the bloc during 2023, according to a report from Eurostat. This figure represents a significant ...

Financial markets are finding it harder to look past the rising economic costs of the Iran war as the continued closure of the Strait of Hormuz prolongs the world’s ​...

Major fund managers are heralding a sustained rally in mining and metals as money floods into the sector at the fastest pace in years, driven by robust AI infrastructure, rising ​...

Global passenger demand increased by 2.1 per cent year-on-year in March, despite significant disruptions in key regions, according to the International Air Transport Association (IATA). The figures showed that total capacity ...

The average monthly earnings of employees in Cyprus rose to €2,605 in 2025, according to a report based on provisional data published by the state statistical service (Cystat). However, the median salary ...

Volkswagen could begin building its China-specific models in Europe for sale to local markets, or share plants ‌on the continent with Chinese partners, CEO Oliver Blume said earlier this week, ...

The timing was almost theatrical. All day Tuesday, Emirati officials and government-aligned accounts had seeded social media with hints that something transformative was coming. Then Mohammed bin Salman took his ...

Oilfield service companies that for years kept rigs and specialized equipment stored in Venezuela have begun removing them from warehouses for assembly and repair as the government ​advances a review ...

The euro has struggled against the dollar since the start of the Iran war, but it’s recently showing signs of securing ​a firmer footing. Technical analysis suggests buyers are ...

Unilever (ULVR.L) said this week it would raise prices to soften the hit from higher-than-expected ​costs driven by the Iran war, even as it reported first-quarter underlying sales growth ...

Short sellers’ bets against US life insurance stocks more than doubled in the past year to over $5 billion, a Reuters analysis of ORTEX data shows, a move that ​analysts say ...

British retailers reported the broadest year-on-year decline in sales in more than ​40 years as the Iran war raised households’ inflation fears, a ‌survey from the Confederation of British Industry showed ...

South Korea and Google have agreed to build an artificial-intelligence campus in Seoul to develop cooperation between the tech firm and ​local engineers and startups, Kim Yong-beom, a presidential policy ...

The Paphos regional tourism board (Etap), in collaboration with Constantinou Bros Hotels, is hosting 36 members of the British Guild of Travel Writers in the city as part of a destination ...

Samsung Electronics reported record ​quarterly profit earlier this week, driven by a 49-fold jump in chip income, saying it expects a severe supply shortage to deepen next year as clients ...

Eurostat has reported that seasonally adjusted GDP increased by only 0.1 per cent in both the euro area and the wider EU during the first quarter of 2026. This preliminary flash estimate ...

Visa shares jumped 5 per cent in premarket trading earlier this week as the payments-processing company beat estimates for second-quarter profit and lifted expectations for full-year earnings, buoyed by resilient consumer ...

The Bank of Cyprus (BoC) has released a statement related to its total issued share capital and voting rights, providing shareholders with updated figures for regulatory reporting purposes. The company ...

The Cyprus Employers and Industrialists Federation (Oev) and the Hellenic Federation of Enterprises (Sev) have signed a memorandum of cooperation, formalising their joint commitment to strengthening entrepreneurship, competitiveness and extroversion ...

Volvo Cars reported this week a smaller-than-expected fall in first-quarter operating profit, but said the ​impact of a pull-back of subsidies and other developments in the ‌United States had been ...

Student housing startup MyStudentFlat has announced a series of new milestones, including a strategic partnership with UNIPLACES, first place at the 6th NBG SEEDS StartUp Bootcamp, and participation in the 2026 ...

Alphabet topped Wall Street estimates for quarterly revenue on Wednesday, as enterprise spending on artificial intelligence delivered the best quarter of reported growth for its cloud unit yet. Shares of ...