#business

British retailer Marks & Spencer reported a much better-than-expected 75 per cent rise in first-half profit and restored its dividend but cautioned the combination of high borrowing costs, erratic weather and ...

France’s Renault (RENA.PA) has cut its stake in Nissan (7201.T) to 15 per cent from about 43 per cent by placing 28.4 per cent of the Japanese automaker in a French ...

Invest Cyprus president Evgenios Evgeniou on Wednesday called on the Cypriot business community to put forth ideas aimed at attracting foreign investment, which are in line with the priorities of ...

Council suggests a unified housing policy, state land utilisation, and various incentives to address the ongoing housing affordability issue. The Cyprus Economy and Competitiveness Council (Soak) on Wednesday submitted a ...

The Bank of England on Wednesday said results of stress tests on central counterparties (CCPs) showed continued resilience at the businesses, which help clear and settle trades in financial instruments ...

Turkey’s parliament removed Coca-Cola (KO.N) and Nestle (NESN.S) products from its restaurants on Tuesday over their alleged support for Israel amid the conflict in Gaza, according to ...

Flexible workspace provider WeWork (WE.N) sought US bankruptcy protection on Monday, crippled by a large debt pile and soaring losses due to lower demand for office space from cost-conscious ...

AstroBank announced on Tuesday that, following a statement issued on September 11, 2023, regarding the potential acquisition of the Cyprus Development Bank (CDB), the two entities have failed to reach a mutual ...

The European Council recently announced changes to the EU list of non-cooperative countries for tax purposes, with several nations being removed and added to the list. These updates will have ...

Professional services firm Deloitte recently celebrated 65 years of its successful presence in Cyprus, according to an official announcement released this week. The significant milestone was commemorated during a special event ...

British house prices ended a six-month declining streak in October, but the increase reflects a shortage of properties on sale and renewed falls are likely, mortgage lender Halifax said on ...

German industrial production fell more than expected in September, data showed on Tuesday, as a recent slump in incoming orders took its toll on production. Production fell in September by 1.4 ...

Cyprus Deputy Minister of Tourism Kostas Koumis attended the prestigious World Travel Market (WTM) in London this week, bolstering Cyprus’ presence at the event, and relaying optimism about the prospects ...

The European Investment Fund (EIF) of the European Investment Bank (EIB), along with Cypriot Finance Ministry, this week announced the launch of Cyprus’ very first equity fund. According to an ...

The downturn in eurozone business activity accelerated last month as demand in the dominant services industry weakened further, a survey showed on Monday, suggesting there is a growing chance of ...

British grocery inflation has fallen below 10 per cent for the first time since July 2022, industry data showed on Tuesday, providing some relief for consumers as they enter the key Christmas ...

Italian stocks are trading at their deepest discount in 35 years compared to world shares as investors fret over the fiscal outlook in one of Europe’s most indebted economies, although ...

WeWork, the SoftBank Group-backed startup whose meteoric rise and fall reshaped the office sector globally, sought US bankruptcy protection on Monday after its bets on companies using more of its ...

Cyprus witnessed record-breaking tourism revenue in August 2023, marking a substantial annual increase of 20.8 per cent, according to a report by the state’s statistical service. In addition, these extraordinary figures ...

Eurobank Cyprus on Monday announced that the bank recently received an award by the University of Cyprus’ Career Office, on account of its significant contribution to a project connecting universities ...

The number of registered unemployed individuals in Cyprus decreased by 17.4 per cent in October 2023, reflecting a drop of 1,951 people, compared to October 2022. According to a report released by the Cyprus ...

A major pharmaceutical rules overhaul, proposed by the European Commission in April, could see Europe’s share in global research and development contract by a third to 21 per cent by 2040 ...

The total value of non-performing loans (NPLs) in the Cypriot banking system at the end of August 2023 saw a decrease of €16 million, dropping to €2.08 billion from €2.10 billion at the end ...

The European Institute of Management and Finance (EIMF) on Monday hosted a roundtable discussion featuring representatives from key market and economic entities under the title, “Investing in Professional Skills as ...