#business

The share of renewable energy sources in transport in Cyprus stood at 7.2 per cent in 2022, without significant change compared to 2021, according to a report released this week by Eurostat, the ...

Paphos regional tourism board (Etap) representatives are visiting the city of Faenza, Italy, under the framework of the Interreg Euro MED European programme, titled ‘MED-Routes’, for the opening meeting of ...

BP (BP.L) reported fourth-quarter earnings of $3 billion on Tuesday, exceeding forecasts thanks to strong gas trading, and increased the pace of its share repurchases in a sign of confidence ...

UBS (UBSG.S) said on Tuesday it would restart share buybacks and lifted cost-cutting targets, saying the integration of fallen rival Credit Suisse was on track, but higher expenses made ...

Japan’s Toyota Motor (7203.T) raised its full-year operating profit forecast by nearly 9 per cent on Tuesday, after its third-quarter earnings raced past analysts’ estimates thanks to a weaker yen ...

Short-term rental properties are increasing in popularity in Cyprus, quickly becoming a mainstay in the accommodation choices of both travellers and locals, according to Yiannis Kotzias, general manager of operations ...

Consulting and advisory firm PwC Cyprus this week announced that it hosted another successful ACCA Award Ceremony, held at the organisation’s Experience Centre, in the presence of Philippos Soseilos, ...

Societe Generale (SOGN.PA) plans to cut about 900 jobs at its Paris headquarters through voluntary departures, France’s third-biggest listed bank said on Monday, adding to a wave of job ...

German exports fell more than expected in December due to weak global demand, data from the federal statistics office showed on Monday. Exports fell by 4.6 per cent in December compared ...

Global air cargo demand experienced a notable resurgence in 2023, particularly with a strong fourth-quarter performance despite economic uncertainties, according to recently released data by the International Air Transport Association (IATA). ...

The number of registered unemployed individuals in Cyprus saw a significant decrease of 12.3 per cent on an annual basis in January 2024, according to a report released this week by the ...

The Cyprus Securities and Exchange Commission (CySEC) has announced that it recently reached settlement agreements with two Cypriot companies, the Cyprus Trading Corporation, and Woolworth (Cyprus) Properties. In both instances, ...

Britain’s unemployment rate was much lower late last year than previously thought, the Office for National Statistics said on Monday, citing re-weighted survey results that might add to the ...

Volvo Cars’ (VOLCARb.ST) sales increased 10 per cent to 53,402 cars in January from a year earlier, helped by a 40 per cent jump for fully electric models in Europe, the Sweden-based ...

The dollar rose to an eight-week top against its major peers on Monday as traders clawed back bets for aggressive rate cuts by the Federal Reserve this year in view ...

Oil prices nudged higher on Monday, recovering from sharp falls last week, after Washington pledged to launch further strikes on Iran-backed groups in the Middle East and as Ukrainian drones ...

Researchers are going beyond conventional solar panels in a bid to generate heat and electricity from the other external surfaces of buildings. By Jack McGovan In social housing on the ...

Microsoft (MSFT.O) is expected to report a 15.8 per cent jump in quarterly revenue, its best growth in nearly two years, as rising adoption of its products infused with generative ...

Stellantis’ (STLAM.MI) Peugeot brand plans to use ChatGPT to improve the voice assistant in its cars and vans, the French brand said on Tuesday, joining rivals such as Volkswagen ...

Spotify (SPOT.N) said on Friday that Apple’s (AAPL.O) new plan to comply with the European Union’s Digital Markets Act (DMA) is “a complete and total farce.” ...

Here are the top business stories in Cyprus from the week starting January 29: In maritime affairs, the Cyprus Shipping Chamber (Kne) announced on Monday that it is marking 35 years of ...

The global electric vehicle (EV) market is set to witness a substantial growth of 29 per cent, reaching 13.7 million units in 2023, according to the latest research from technology market analysts Canalys. ...

Despite the buzz over generative artificial intelligence last year, the technology’s impact on the advertising business of Alphabet (GOOGL.O) and Meta Platforms (META.O) is likely to be ...

Whether Amazon.com (AMZN.O) can cash in on its delivery heft by boosting fee revenue from its “Buy With Prime” service after a 2022 overhaul of its logistics network will ...