#business

Bank employees’ union (Etyk) on Monday announced plans to distribute €25 million to former and current employees of the Bank of Cyprus who were union members in 2011. According to a report ...

The Limassol Chamber of Commerce and Industry (Evel) has called for a comprehensive and environmentally conscious approach to the redevelopment of the Lady’s Mile area. It also underlined the ...

For all its talk of radical change, Volkswagen’s (VOWG_p.DE) cost-cutting deal in Germany relies heavily on the automaker’s tradition of cooperation between managers and workers, according ...

Qatar plans to introduce three new laws as part of a sweeping review of legislation designed to make the Gulf Arab state more attractive to foreign investors, the new minister ...

At least 49 billion pounds ($60 billion) of maintenance work at schools, hospitals and prisons in Britain has yet to be carried out, according to a report from a spending watchdog, highlighting ...

Lufthansa Airlines (LHAG.DE) aims to be profitable again but still has a ways to go despite the initial success of its restructuring plan, according to CEO Jens Ritter. Lufthansa ...

Microsoft (MSFT.O) has announced that it changed some key terms of a deal with OpenAI after the ChatGPT creator announced a joint venture with Oracle (ORCL.N) and Japan’...

German online retailers last year eked out slight revenue gains for the first time since 2021, an industry body has revealed, citing higher savings that are giving Germans more confidence to ...

At the helm of its marketing vision is Chief Marketing Officer, Alina Miroshnychenko, who has recently won the prestigious Women Tabloid Award for Best Emerging Woman CMO, and has played ...

Under the leadership of CEO Liudmila Marochkina and supporting her team of professionals, the company has built a reputation for delivering end-to-end digital solutions tailored to meet complex challenges. Beyond ...

Here are the top business stories in Cyprus from the week starting January 20: Limassol has the highest rental prices in Cyprus, averaging €4,492 for houses, while Famagusta has the lowest, with ...

Saudi Arabian Crown Prince Mohammed bin Salman told President Donald Trump that the kingdom wants to put $600 billion into expanded investment and trade with the United States over the next ...

Norway’s sovereign wealth fund announced this week that it has bought a 25 per cent stake in a mixed-use property portfolio located in London’s Mayfair district for 305.7 million pounds ($376.53 ...

Britain’s decision to force out the chair of its antitrust regulator after he failed to prioritise the Labour government’s growth agenda indicates the country’s attempt to rein ...

The number of Management Companies and Undertakings of Collective Investments (UCIs) in Cyprus stood at 323 during the third quarter of 2024, according to the Cyprus Securities and Exchange Commission (CySEC). Total ...

By Charles Ellinas The US Energy Information Administration has just published new forecasts for oil production, consumption and prices to the end of 2026 as shown in Figures 1 and 2 below.  Clearly, ...

After two years of progress on inflation and surprisingly persistent economic growth, the Federal Reserve next week meets with one eye on new Trump administration policies and another on a ...

British pay growth in the private sector picked up in the three months to November but a plunge in payrolls added to signs of a softer labour market, according to ...

Shares of Netflix (NFLX.O) soared 13 per cent to an all-time high on January 22 after the streaming giant’s big bet on sports helped add a record 18.9 million subscribers in ...

Oracle’s (ORCL.N) shares jumped nearly 9 per cent before the bell on January 22 after US President Donald Trump said the company would make a large investment in artificial intelligence ...

Home sales in Turkey climbed 20.6 per cent in 2024 compared to a year ago, even as sales to foreigners tumbled 32.1 per cent, Turkish Statistical Institute data showed this week. Russians again ...

Cyprus has seen significant rise in foreign property purchases in recent years, with more than 37,000 properties sold to foreign buyers between 2021 and the end of 2024.  Specifically, property sales to foreign ...

The Cyprus Securities and Exchange Commission (CySEC) on Friday hosted an online event to Alternative Investments Funds Managers (AIFMs). The event focused on the technical and regulatory aspects of AIFMD ...

The number of Management Companies and Undertakings of Collective Investments (UCIs) in Cyprus stood at 323 during the third quarter of 2024, according to the Cyprus Securities and Exchange Commission (CySEC). In ...