#business

By Francesco Guerrera The eurozone is a tale of two interest rates: the official one set by the central bank, and the ones earned by companies and individuals on their ...

Consulco Group of Companies, a leading business entity, welcomed the UK Trade Commissioner for Europe, Chris Barton CMG, for a high-profile luncheon at their headquarters in Nicosia. The event, hosted ...

Employment in the Cyprus government witnessed an increase of 283 individuals (0.5 per cent) in October 2023, compared to the same month in 2022, reaching a total of 53,554 people, according to a report released ...

Greece on Monday announced plans to sell a 20 per cent stake in National Bank of Greece (NBG) after concluding the sale of a 9 per cent stake in Alpha Bank to ...

Hyundai Motor Co (005380.KS) broke ground on Monday on a 2 trillion won ($1.52 billion) plant dedicated to making electric vehicles (EVs) in South Korea, as the automaker accelerates a shift away ...

British petrol station operator EG Group will buy Tesla’s (TSLA.O) ultra-fast charging units to help roll out its electric vehicle charging network across Europe, it said on Monday. ...

Middle East carriers look set to order tens of billions of dollars of long-haul jets at the opening of the Dubai Airshow on Monday, as Emirates renews confidence in the ...

Cyprus’ Research and Innovation Foundation (Idek) on Monday announced that the submission period for proposals in the latest call for its pre-seed programme concluded on November 3, with an impressive 134 startups ...

Greece’s state-controlled bank bailout fund HFSF said on Monday it sold its 9 per cent stake in Alpha Bank (ACBr.AT) to UniCredit for 293.5 million euros ($314 million) after an improved ...

Eurozone economic growth will remain weak in the near term as services and the labour market weaken but nations in the bloc should not free discretionary bank buffers to ease ...

The Bank of Cyprus on Monday reported robust financial results for the nine months ending September 30, 2023, posting an after-tax profit of €349 million, combined with a strong quarterly performance, while highlighting ...

Europe is seeking to use emissions and residues from winemaking for new products ranging from animal feed to antibiotic alternatives. By Alex Whiting In Palmela, a wine region near Portugal’...

The top US consumer financial watchdog recently proposed to regulate tech giants’ digital payments and smartphone wallet services, saying they rival traditional payment methods in scale and scope but lack ...

Big Tech firms will face new European Union rules to clearly label political advertising on their platforms, who paid for it and how much and which elections are being targeted, ...

Amazon (AMZN.O) is investing millions in training an ambitious large language model (LLMs), hoping it could rival top models from OpenAI and Alphabet (GOOGL.O), two people familiar with ...

Here are the top business stories in Cyprus from the week starting November 6: The total value of non-performing loans (NPLs) in the Cypriot banking system at the end of August 2023 ...

Economic stakeholders this week convened at this year’s annual Economist Conference in Cyprus to explore the need for revitalising the country’s development model and strategise ways to address ...

By Maria Demertzis On 20 October, S&P Global Ratings raised the Greek economy’s credit rating back to investment grade. That was seen by many, in Greece and beyond, ...

Ebay (EBAY.O) forecast fourth-quarter revenue and profit below Wall Street estimates on Tuesday and joined other e-commerce platforms in sounding the alarm on weaker-than-expected consumer spending. San Jose, California-based ...

Nintendo (7974.T) made a pitch for the ongoing match fitness of its aging Switch console on Wednesday, as the Kyoto-based gaming company continues to churn out hits even as the ...

A number of technology and business experts this week stressed that while Cyprus holds great promise as a technological destination, more efforts are needed to establish a knowledge-based economy on ...

The Cyprus Chamber of Commerce & Industry (Keve) announced this week that, according to a statement based on the 31st edition of the annual Economic Survey by the Association of ...

Cyprus’ trade deficit for the period of January to September 2023 reached €6.49 billion, compared to €5.8 billion during the same period in 2022, marking an increase of €685.1 million, according to a report released ...

The overall solvency index of the Cypriot banking sector rose to 23.3 per cent in the second quarter of 2023, up from 21.7 per cent in the first quarter of the year, marking ...