#business

Top oil exporter Saudi Arabia is expected to slash crude prices for Asian buyers in January to the lowest in years, largely tracking a slump in Middle East benchmark prices ...

Bernhard Schulte Shipmanagement (BSM), a third-party ship manager headquartered in Limassol, is gearing up for the FuelEU Maritime regulation, which comes into effect in 2025. The company has a fleet of ...

Limassol led Cyprus’ high-value real estate market in October, driving €34.6 million in top property sales, according to real estate analytics firm Ask Wire. The district recorded four of the ten ...

Cyprus Chief Scientist Demetris Skourides, joined by High Commissioner Nikos Panayiotou, concluded a week of strategic meetings in Singapore, strengthening partnerships and exploring AI policy frameworks to position Cyprus as ...

The unemployment rate in Cyprus decreased to 4.5 per cent of the workforce in the third quarter of 2024, according to a report published on Monday by the state’s statistical service. ...

Western sanctions imposed on Russia over its military action in Ukraine will not be lifted anytime soon, the CEO of Russia’s second largest lender VTB Andrei Kostin told Reuters ...

British business confidence ticked downwards in November to a five-month low but remained healthy overall, with companies still feeling upbeat about their trading prospects, a survey from Lloyds Banking Group ...

The Cypriot economy’s growth rate for the third quarter of 2024 is positive, estimated at 3.9 per cent compared to the same quarter in 2023, according to a report by the Cyprus ...

Black Friday delivered a small lift to retail sales in Cyprus, as a drop in temperatures and end-of-month deals encouraged shoppers to buy winter clothing, according to industry stakeholders. However, ...

Paphos mayor Phedonas Phedonos has urged Cypriot businesses to adopt a more international, export-oriented approach, saying that the island can become a starting point from which they can sell products ...

Employee perceptions of how hedge funds handle diversity and inclusion have fallen to their lowest level since before 2021, when Reboot Financial Services began its annual report, the financial services campaigning ...

A new generation of lasers using ultrashort bursts of light is showing great potential for the sustainable manufacturing of precision parts. By Gareth Willmer German mechanical engineer and research manager ...

By MJ (Thinus) Booysen & Joubert Van Eeden In sub-Saharan Africa, high levels of particulate matter (PM2.5) pollution from vehicle tailpipe emissions cause poor health, developmental stunting, and even death. ...

Google plans to make adjustments to displaying search results on its platform in Europe after some smaller rivals complained about lower traffic to their sites following previous tweaks by the ...

A draft law on cryptocurrencies is undergoing the process of adoption in Morocco, according to the governor of its central bank, Abdellatif Jouahri. Cryptocurrencies have been banned in Morocco since 2017, ...

US single-family house prices increased solidly in September, which together with a resurgence in mortgage rates will further reduce affordability for many prospective homeowners. House prices jumped 0.7 per cent on ...

Here are the top business stories in Cyprus from the week starting November 25: Andrew Frost Moroz, founder of Aloha Browser, is a seasoned innovator with over two decades of experience ...

Orange (ORAN.PA) will enlist OpenAI and Meta (META.O) to fine-tune AI large language models (LLMs) to translate regional African languages for the French telecoms operator, according to an ...

Britain will reconsider rules that force automakers to produce more electric vehicles after the industry warned that the plan would lead to factory closures and job losses without stronger demand ...

German consumer sentiment looks set to tumble in the last month of the year as households, worried by reports of job cuts, grow more pessimistic about their income prospects, a ...

Prices in British shops fell less sharply this month, according to a survey from the British Retail Consortium, suggesting that consumers could face renewed pressure on their spending power. Annual ...

US consumer spending increased solidly in October, suggesting that the economy maintained its strong pace of growth early in the fourth quarter, but progress lowering inflation appears to have stalled ...

Shares of Dell (DELL.N), and HP (HPQ.N), fell after the personal computer makers issued forecasts that cast doubt on a market recovery driven by artificial intelligence-enabled PCs. Dell ...

Tourism revenue in Cyprus reached €454.1 million in September 2024, according to the statistical service’s passenger survey. This marks a 6 per cent increase compared to September 2023, when tourism revenue stood at €428.4 ...