#business

Here are the top business stories in Cyprus from the week starting June 2: Cyprus has taken a significant step in strengthening its regulatory framework for investment funds, following the House ...

Microsoft (MSFT.O) is offering free of charge to European governments a cybersecurity programme, launched this week, to bolster their defences against cyber threats, including those enhanced by artificial intelligence, ...

Nvidia’s (NVDA.O) newest chips have made gains in training large artificial intelligence systems, new data released this week showed, with the number of chips required to train large ...

The Bank of Cyprus on Friday announced a fresh reduction in its reference interest rate for loans linked to the European Central Bank’s (ECB) base rate, in direct response ...

European Central Bank policymakers hailed victory over runaway inflation on Friday even as some warned that it was now at risk of going too low, rekindling memories of anaemic price ...

Elon Musk’s SpaceX will record revenue of about $15.5 billion this year, the billionaire said this week, underscoring the rocket maker’s growing dominance in the commercial space sector. The ...

Airbus (AIR.PA) delivered around 51 airplanes in May, industry sources said, down 4 per cent from the same month last year. The tally brings deliveries so far this year to around 243 ...

British house prices in May were 3.5 per cent higher than a year earlier, monthly data from mortgage lender Nationwide showed this week, after an unexpected 0.5 per cent monthly increase largely ...

Toyota Motor (7203.T) will take forklift-maker Toyota Industries (6201.T) private in a $33 billion deal, the companies said this week, a landmark unwinding of cross-shareholding that is likely to strengthen the ...

Britain’s financial watchdog has joined forces with foreign regulators to crack down on people who promote financial products on social media without authorisation, and will make 650 requests for platforms ...

The Cyprus hoteliers association (Pasyxe) on Friday announced its support for a collective legal action against Booking.com. The legal action has been brought before the Dutch courts through an ...

Following a year of collaboration under a joint venture agreement, US-based TKI and Cyprus-based Hybrid ConsulTech have merged operations and will now formally operate under the unified TKI brand. The ...

The Cyprus Chamber of Commerce and Industry (Keve) has announced a new initiative aimed at equipping small and medium-sized enterprises (SMEs) with practical tools and solutions to support their transition ...

Employment in Cyprus recorded a 1.5 per cent increase in the first quarter of 2025 compared to the same period in 2024. According to data released by the Cyprus Statistical Service (Cystat) on ...

Tesla (TSLA.O) shares rose on Friday as investors took some comfort from White House aides scheduling a call with CEO Elon Musk to broker peace after a public feud ...

AI is making workers more valuable, productive, and able to command higher wage premiums, with job numbers rising even in roles considered most automatable, according to PwC’s 2025 Global AI ...

Vassiliko Cement Works Public Company Ltd on Friday confirmed the approval of all resolutions presented during its annual general meeting (AGM) of shareholders held on June 5, 2025. The company operates in ...

The Bank of Cyprus on Friday announced a fresh reduction in its reference interest rate for loans linked to the European Central Bank’s (ECB) base rate, in direct response ...

Cyprus participated for the first time with a national event at the World Utilities Congress 2025, held at the Abu Dhabi National Exhibition Centre. The event aimed to showcase Cyprus’ strengths ...

The turnover value index for services and transport in Cyprus recorded increases during the first quarter of 2025 compared to the same period in 2024. According to the state statistical service, administrative ...

The Finance Ministry on Thursday expressed satisfaction with the findings of the European Commission included in the 2025 Spring Package for Cyprus. In a statement, the ministry said that the report “...

The Industrial Turnover Index in Cyprus recorded a strong rise in March 2025, signalling continued momentum across key sectors of the economy. According to the Cyprus Statistical Service, the index reached 137.7 ...

Total beer sales from factories in Cyprus recorded a 4 per cent decrease in May 2025 compared to the same month last year, according to data released on Thursday by the Statistical ...

The European Central Bank cut interest rates as expected on Thursday and kept all options on the table for its next meetings even as the case grows for a summer ...