#business

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 ...

Hellenic Bank on Friday issued a warning to its customers to remain vigilant against phishing scams, following a resurgence of fraudulent activities targeting its clients. The bank said that fraudsters ...

A proposed law aims to tackle the issue of unlicensed hotels and tourist accommodations in Cyprus by offering a temporary operating licence for up to six years. Currently, just 12.69 per ...

The International Maritime Organisation (IMO) has officially opened its Regional Presence Office (RPO) for the Middle East and North Africa (MENA) region in Alexandria, Egypt, a city with a deep ...

Building permits in Cyprus saw a significant drop in August 2024, with only 183 permits granted, compared to 450 in the same month in 2023, according to data from the Cyprus Statistical Service (Cystat). ...

The Cypriot real estate market remained stable in 2024, compared to the year before, reflecting the challenges faced by the sector, according to the Cyprus Real Estate Agents Registration Council. In ...