#business

Cyprus University of Technology (Tepak) rector Panayiotis Zaphiris this week announced the successful completion of the study outlining the potential establishment of a School of Marine Sciences, Technology, and Sustainable ...

Hellenic Bank on Tuesday released a statement welcoming the recent launch of the mortgage-to-rent scheme, which went into effect on December 4, 2023, describing it as a favourable way for eligible borrowers ...

Aldi UK and Lidl GB reported record Christmas trading on Tuesday, with sales at Aldi rising 8 per cent in the four weeks to Dec. 24 to top 1.5 billion pounds ($1.91 billion) for ...

Oil prices jumped in the first session of the New Year, boosted by the chances of Middle East supply disruptions after a naval clash in the Red Sea, as well ...

Bitcoin stormed above $45,000 on Tuesday for the first time since April 2022 as the world’s biggest cryptocurrency started the New Year with a bang buoyed by optimism around possible approval ...

Sterling just had its best year against the dollar since 2017, yet a weakening economy and election uncertainty make a repeat performance unlikely. It is not hard to see why investors ...

HSBC (HSBA.L) subsidiary HSBC Continental Europe (HBCE) has completed the sale of its retail banking business in France to Crédit Commercial de France (CCF), a subsidiary of My ...

Many electric vehicles lost eligibility for tax credits of up to $7,500 after new battery sourcing rules took effect on Monday, including the Nissan Leaf, Tesla Cybertruck All-Wheel Drive, some Tesla ...

Saudi Arabia’s Public Investment Fund accounted for about a quarter of the almost $124 billion spent by sovereign wealth funds worldwide last year, a report published on Jan. 1 showed. PIF’...

China’s BYD Co (002594.SZ), the world’s biggest seller of battery electric vehicles (BEVs) and plug-in hybrids, sold about 3.02 million vehicles in 2023, an increase of 61.9 per cent, it said ...

Microsoft Corp’s (MSFT.O) plan to end support for Windows 10 operating system could result in about 240 million personal computers (PCs) being disposed, potentially adding to landfill waste, Canalys Research ...

Fintech company Revolut’s revenue rose to a record 923 million pounds ($1.1 billion) in 2022, helped by interest income growth, but net profit fell sharply to 6 million pounds, the company said in ...

Here are the top business stories in Cyprus from the week starting December 25: The long-anticipated completion of bids for the Paphos marina is set for late 2024, according to George Mais, ...

Tesla (TSLA.O) is expected to post another record quarter for electric vehicle (EV) deliveries, likely shy of an ambitious 2 million annual internal target that CEO Elon Musk touted at ...

OpenAI is in early talks to raise a fresh round of funding at a valuation at or above $100 billion, Bloomberg News reported on Friday, citing people with knowledge of the ...

Chinese electric vehicle giant BYD (002594.SZ), said on Wednesday it has obtained a conditional testing license for level 3 (L3) autonomous driving on high-speed roads. BYD was granted the first such ...

The Cypriot government recorded a surplus of €1 billion, equivalent to 3.4 per cent of the Gross Domestic Product (GDP), between January and November 2023, according to a report released on Friday by ...

Senior Recruitment Consultant at GRS Recruitment Agency, Eleni Kyriacou, spoke to SOUZANA PSARA about the talent acquisition and recruitment sector in Cyprus, sharing insightful perspectives on the country’s economic ...

The latest figures published by the Cyprus Statistical Service on Friday revealed that there were no significant fluctuations in the Producer Price Index in Industry for November 2023. The index stood ...

Cyprus saw a significant surge in the Industrial Production Index in October 2023, reaching 138.6 units, with 2025 being the base year, marking a 5.4 per cent increase, according to a report released this ...

Turkey’s central bank said on Friday it would maintain a reserve “build-up strategy” in 2024 in order to continue an uptrend in its international foreign currency reserves, adding that a ...

Employers and Industrialists Federation (Oev) president Antonis Antoniou has stated that only through strong competitiveness can Cyprus ensure the prosperity of its people, strengthen the social safety net for the ...

Oil prices are set to end 2023 about 10 per cent lower, the first annual decline in two years, after geopolitical concerns, production cuts and global measures to rein in inflation triggered ...

Activity in Russia’s manufacturing sector expanded at its fastest pace in almost seven years in December, a business survey showed on Friday, though new export orders contracted for the ...