#business

Microsoft (MSFT.O) is planning to cut thousands of jobs, particularly in sales, as the tech giant streamlines its workforce amid increased investments in artificial intelligence, Bloomberg News reported on ...

Transport Minister Alexis Vafeades expressed pride on Wednesday during a presentation of the newly upgraded Spyros Kyprianou Athletic Centre in Limassol, ahead of its role as a host venue for ...

British inflation cooled in May as expected by the Bank of England, which is set to keep interest rates on hold this week while it assesses international energy markets rocked ...

Cyprus is ramping up efforts to boost workforce skills with a fresh wave of training programmes, set to launch in the second half of 2025. The schemes have just been approved ...

Nissan (7201.T) is betting on a new version of its Leaf electric vehicle (EV) to revive its fortunes, having gone from mass-market EV pioneer to laggard since its first model ...

Oil prices fell on Wednesday, after a gain of 4 per cent in the previous session, as markets weighed up the chance of supply disruptions from the Iran-Israel conflict and as ...

Cyprus has slipped one place in the IMD World Competitiveness Yearbook 2025, ranking 44th globally, according to the latest report published by the Switzerland-based IMD business school in Lausanne. The country ...

Cyprus Investment Funds Association (CIFA) president Maria Panayiotou on Wednesday detailed the progress achieved in Cyprus’ investment fund ecosystem over the past 12 years. Panayiotou highlighted the new level of maturity ...

The Public Debt Management Office on Wednesday announced that it accepted offers totalling a nominal value of €25 million at the 13-week Treasury Bills auction held on June 16, 2025. Total bids submitted ...

Consumer prices in Cyprus recorded a modest year-on-year increase of 0.4 per cent in May 2025, according to a report released on Wednesday by the Cyprus Statistical Service (Cystat). Specifically, the Harmonised ...

Construction material prices in Cyprus have edged up from last year, despite a monthly dip in May, according to a report from the state statistical service. Specifically, the Construction Materials ...

The Cyprus Chamber of Commerce and Industry (Keve) has issued an invitation to buyers from around the world to participate in the upcoming “Meet the Buyer” online matchmaking event, scheduled ...

Logicom has issued an announcement, under the relevant transparency requirements, related to the exercise of voting rights during its upcoming annual general meeting (AGM), due to take place on Thursday ...

The Limassol regional tourism board (Etal) this week inaugurated a new viewing in Pissouri, according to an official announcement. The board explained that the new viewing point, located in the ...

Cyprus is preparing a sweeping tax overhaul that will broaden the tax base, toughen enforcement and ease the burden on households and businesses, officials familiar with the draft legislation said. ...

Cyprus has resumed exports of pure copper cathodes (refined copper) from the Skouriotissa and Apliki mines after a five-year hiatus, the director of the mines and quarries service, Stelios Michael, ...

Elon Musk’s artificial intelligence startup xAI is in talks to raise $4.3 billion through an equity investment on top of its $5 billion debt funding plans, Bloomberg News reported on Tuesday, ...

The Bank of Cyprus on Tuesday announced that it has successfully completed its share buyback programme. According to the bank’s latest submission on the Cyprus Stock Echange (CSE), the ...

Airbus (AIR.PA) struck a deal with budget airline VietJet (VJC.HM) for up to 150 single-aisle jets at the Paris Airshow on Tuesday, where industry hopes of a return to ...

Wall Street opened slightly lower while oil and gold rose as Tuesday marked the fifth day of fighting between Israel and Iran, with the risk of a widening conflict dampening ...

Federal Reserve policymakers will begin a two-day meeting on Tuesday with escalating tensions in the Middle East risking a new commodity price shock and fresh US data expected to show ...

The Crete–Cyprus electricity interconnection is moving steadily forward, but only until August, according to reports that emerged on Tuesday.   Nexans, the French cable contractor, has confirmed it will continue ...

The Cyprus Stock Exchange on Tuesday announced the acceptance of new government treasury bills for trading. Specifically, 25,000 treasury bills with a nominal value of €1,000 each have been introduced to the ...

Constantinou Bros Hotels, a hotel management company that owns and operates a group of luxury hotels in Cyprus, on Tuesday issued an interim profits forewarning for the first half of 2025. ...