#business

President of the Famagusta Hoteliers Association (Pasyxe) Panayiotis Constantinou remains cautiously optimistic about the future of tourist bookings in the Famagusta district, despite the challenging circumstances currently plaguing the tourism ...

Restaurants and bars in Cyprus saw their attendance increase to 75 per cent of their overall capacity during May, according to Neophytos Thrasyvoulou, president of the Federation of Leisure Centre Owners (...

Fiscal Council president Michalis Persianis on Monday issued a series of recommendations and suggestions to the Interior Minister, following an analysis of the fiscal impact expected from the local government ...

Limassol-based shipping company Columbia Shipmanagement (CSM) is boosting its operations in the Middle East with the opening of a new office in Dubai, according to an official announcement. This move ...

EU-funded researchers are looking to improve electric grid to reduce energy waste, cut costs and curb emissions. By Jack McGovan When news articles appeared in 2021 about a slowdown in copper ...

Some of Tesla’s institutional shareholders are getting out, convinced that the electric carmaker’s days of dizzying growth are in the rear-view mirror. The company’s shares are down ...

Japan is set to push for more nuclear power in an energy policy update due next year, seeking stable electricity supply in face of growing demand and heightening geopolitical risks, ...

Microsoft expects to take additional steps to resolve an EU antitrust investigation into its chat and video app Teams which is part of its Office product, even as it seems ...

US private equity giant Blackstone (BX.N) has agreed to buy 1,750 new homes to rent from British housebuilder Vistry (VTYV.L), as institutional investors bet on a shortage of rental ...

Here are the top business stories in Cyprus from the week starting June 3: The European Central Bank (ECB) has made a notable policy shift by reducing interest rates for the ...

Cisco has launched a $1 billion fund to invest in artificial intelligence startups, joining a list of big technology companies rushing to take stakes in small AI firms. The company, through ...

Deutsche Bank (DBKGn.DE) will work with Bitpanda to process customer deposits and withdrawals for the Austrian crypto broker, the companies told Reuters. The crypto industry has previously struggled to ...

British house prices rose in May after falling in the previous two months as the property market withstood high borrowing costs, according to figures from mortgage lender Nationwide. Prices increased ...

Brazil’s economy rebounded in the first quarter from a sluggish second half of 2023 on stronger investments and consumer demand, official figures showed, adding to caution at the central bank, ...

Israel’s high-tech sector now accounts for 20 per cent of the country’s economic output, the Israel Innovation Authority (IIA) said this week as it urged the government to invest ...

The European Central Bank’s (ECB) decision to cut interest rates by 0.25 per cent on Thursday is expected to have a positive impact on the Cypriot economy, Professor Sofronis Clerides, ...

A group of current and former employees at artificial intelligence (AI) companies, including Microsoft-backed (MSFT.O) OpenAI and Alphabet’s (GOOGL.O) Google DeepMind this week raised concerns about risks ...

Canadian AI startup Cohere has raised $450 million in funding from returning investors such as Nvidia (NVDA.O) and Salesforce Ventures (CRM.N), as well as new investors including Cisco (CSCO....

Paramount Global’s (PARA.O) top executives this week laid out a sweeping restructuring plan that includes $500 million in annualized cost cuts, potential asset sales and a possible joint venture ...

British manufacturers reported a return to growth last month after a long slowdown, according to a survey published this week, but the higher prices charged by firms may add to ...

GameStop is back in the limelight after a hiatus of three years with the return of social media influencer “Roaring Kitty” Keith Gill, a key figure in the Reddit-driven “meme ...

Deputy Minister of Shipping Marina Hadjimanolis on Thursday, during her visit to Athens, highlighted the importance of cooperation, compliance, and the implementation of international law to strengthen a resilient maritime ...

The number of building permits issued in Cyprus increased by 3.3 per cent year-on-year for the period of January to March 2024, with the value of these permits rising to €0.73 billion, marking ...

The European Central Bank’s (ECB) decision to cut interest rates by 0.25 per cent on Thursday is expected to have a positive impact on the Cypriot economy, Professor Sofronis Clerides, ...