#business

The French government on Tuesday cut by 20 per cent a subsidy higher-income car buyers can get for purchasing electric and hybrid vehicles in order to keep from overrunning its budget ...

Government employment in Cyprus witnessed a significant increase of 2,687 people (5.2 per cent) in January 2024, compared to the corresponding month in 2023, reaching a total of 54,706 people, as reported by the Cyprus ...

The Alpha Bank Group’s role in supporting the continued growth of Cyprus’ economy was discussed in a series of important meetings, according to an announcement released by the bank ...

The Cyprus Investment Funds Association (CIFA) this week held its annual general meeting (AGM), which sought to highlight the significant role and contributions of the investment funds sector in driving ...

Google will allow businesses to install an auto-updating version of the Chrome operating system to Windows devices, potentially preventing millions of PCs from hitting landfills after Microsoft (MSFT.O) ends ...

Freedom Holding Corp. (FRHC), the founder of Freedom Finance Europe, on Friday released its financial results for the third quarter of the fiscal year 2023, ending on December 31, 2023, reporting an impressive ...

The Biden administration and automakers are in the final stages of negotiating over ambitious new rules to accelerate the electric-vehicle transition that could cost Detroit’s automakers billions and fuel ...

Kition Ocean Holdings, the consortium tasked with redeveloping the Larnaca port, marina and waterfront, on Friday announced that the historic Larnaca Marina Pier, the first major milestone in the project, ...

Shares of smaller AI firms rallied on Thursday after the world’s most dominant artificial intelligence chipmaker, Nvidia, disclosed stake in them, offering clues on its growth strategy. The rally ...

Cypriot Minister of Finance Makis Keravnos this week met with the chairman of the board of directors of Alpha Bank Group Vasilis Rapanos, discussing a range of issues, including an ...

Shares in Renault (RENA.PA) hit two-month highs on Thursday after the French carmaker posted full-year 2023 net profit slightly below forecasts but reported margin and revenue gains and a huge ...

Pernod Ricard’s shares rose 6 per cent on Thursday, even after the French spirits maker cut its full-year sales forecast and share buyback programme as hoped-for improvements in the United ...

Cyprus is expected to experience further growth in its Gross Domestic Product (GDP) in 2024, combined with a slowdown in inflation, according to the European Commission’s interim winter forecast, released ...

Finance Minister Makis Keravnos on Thursday said that new support measures will be discussed at the upcoming Cabinet meeting, scheduled for next week, after which they will be announced to ...

The Cyprus Securities and Exchange Commission (CySEC) on Thursday awarded three of its staff members as a gesture of recognition and appreciation during a ceremony for the new year. Additionally, ...

The Municipality of Paphos this week recognised the Chief Executive Officer of Jet2 Steve Heapy, who is considered to be one of the most prominent figures in the global travel ...

Oil prices fell on Thursday after a larger-than-expected jump in US crude inventories raised doubts about the strength of demand in the world’s largest economy and top oil consumer. ...

European banks have about 1.4 trillion euros ($1.50 trillion) in loans to the troubled commercial property industry, amid a steep fall in office prices on both sides of the Atlantic and investor ...

Britain’s economy fell into a recession in the second half of 2023, a tough backdrop for Prime Minister Rishi Sunak who has promised to boost growth ahead of an election ...

Japan’s Sony (6758.T) slashed the full-year sales forecast for its PlayStation 5 console on Wednesday and said it plans to list its financial business next year as it focuses on ...

Minister of Justice Marios Charalambous this week met with the president of the Cyprus Chamber of Commerce and Industry (Keve) Stavros Stavrou, along with a delegation from the chamber’s ...

Coca-Cola (KO.N) surpassed Wall Street expectations for fourth-quarter revenue on Tuesday, as it benefits from higher product prices and buoyant demand for its juices, energy drinks and sodas. Despite ...

Lyft (LYFT.O) beat estimates for quarterly profit on Tuesday and said it would generate positive free cash flow for the first time in 2024, as it cut costs and became ...

Commonwealth Bank of Australia (CBA.AX) on Wednesday warned of downside economic risks building in Australia from continued high interest rates and persistent inflation, as the country’s largest lender ...