#business

By Simone Tagliapietra A report on the future of European competitiveness, prepared by former Italian prime minister Mario Draghi and long awaited in Brussels, is finally out. It is expected ...

Employment in the public sector in Cyprus saw a 3.3 per cent increase in the second quarter of 2024 compared to the same period in 2023. According to the Cyprus Statistical Service (Cystat), ...

UBS Asset Management has been selling corporate bonds in its global portfolios during market rallies, a senior fund manager said, citing concerns that a slowing economy or the looming US ...

Adobe will unveil a new generative AI-powered video creation and editing tool in a limited release later this year, the software maker has said, as it looks to beef up ...

Abu Dhabi’s Etihad Airways plans to make its stock market debut no sooner than 2025, two people familiar with the matter said, in potentially the first IPO of a major ...

It is hard for Dogan Duman to see how he can keep his garment factory in central Turkey running much longer, even after firing a third of his staff to ...

The energy unit of Japan’s Panasonic Holdings (6752.T) has finalised preparations for the mass production of its 4680 electric-vehicle batteries, the company said this week, as it seeks to start ...

Samsung Electronics, the world’s top maker of smartphones, TVs and memory chips, is cutting up to 30 per cent of its overseas staff at some divisions, three sources with direct ...

Japan’s economy grew at a slightly slower pace than initially reported in the second quarter, hurt by downward revisions in corporate and household spending that point to a bumpier ...

Bank of Cyprus shareholders on Friday approved the listing of the bank’s ordinary shares on the Athens Stock Exchange (ATHEX), pending a delisting from the London Stock Exchange (LSE). ...

HSBC is mulling the combination of its Commercial and Investment banking divisions to eliminate overlapping roles at the lender and cut costs, according to Bloomberg News, citing people familiar with ...

Australia plans to set a minimum age limit for children to use social media citing concerns about mental and physical health, sparking a backlash from digital rights advocates who warn ...

Britain’s financial watchdog said this week it had granted an extension for ‘naming and marketing’ rules aimed at tackling ‘greenwashing’, giving firms until April 2025 to comply. It said funds ...

The United Arab Emirates’ economy grew 3.4 per cent in the first quarter of 2024 compared with the same period the previous year, according to preliminary government estimates reported by the state ...

The Bank of Cyprus on Friday announced an immediate reduction in its reference rate for loans linked to the European Central Bank’s (ECB) base interest rate. According to the ...

Bank of Cyprus shareholders on Friday approved the listing of the bank’s ordinary shares on the Athens Stock Exchange (ATHEX), pending a delisting from the London Stock Exchange (LSE). ...

Gross betting revenue in Cyprus reached €287.8 million during the second quarter of 2024, according to the National Betting Authority. The authority clarified that this figure refers to both in-shop betting (Class ...

Deputy Minister of Shipping Marina Hadjimanolis recently highlighted the importance of maritime education while speaking at the ceremony of the Merchant Marine Academy of Chios. During her speech, which took ...

Larnaca Marina’s berthing fees are “considered very competitive” compared to other commercial marinas on the island, according to the transport ministry. The ministry made the statement as part of ...

Magify, a Cyprus-based business intelligence and LiveOps platform for game developers, has raised €1 million in funding from Steam Power Investments, founded by former executives of Melsoft. According to an official ...

The Cyprus Chamber of Commerce and Industry (Keve) this week announced the establishment of the Cyprus-Baltic States Business Association. According to an announcement from the chamber, this initiative was implemented “...

Visitor numbers at restaurants, cafes and bars in Cyprus reached 90 per cent of their total capacity in August, according to Neophytos Thrasyvoulou, president of the Federation of Leisure Centre Owners (...

Approximately one in four employees, estimated to number 122,315 people, are expected to work in sectors contributing to the green economy, according to Cyprus’ Human Resource Development Authority (HRDA). The European ...

Britain’s shift towards a services-dominated economy is accelerating, pushing manufacturing’s share of economic output to a historic low and setting the nation apart from its global peers. Recent ...