#business

British lenders expect to see demand for mortgages level off in the months ahead after they reported an increase in early 2025, a Bank of England survey has shown. The measure ...

Here are the top business stories in Cyprus from the week starting April 14: Despite facing persistent structural challenges, the Cypriot manufacturing industry continues to demonstrate remarkable resilience in the face ...

OpenAI has launched its new AI model GPT-4.1, along with smaller versions GPT-4.1 mini and GPT-4.1 nano, touting major improvements in coding, instruction following, and long context comprehension. The new ...

Apple (AAPL.O) took the top spot for global smartphone sales in the first quarter on the back of the iPhone 16e’s launch and strong demand in countries such ...

A steep drop in crude oil prices largely due to US President Donald Trump’s tariffs will squeeze budgets of emerging market oil exporters, analysts said, while the potential economic ...

Nvidia has said that it is planning to build AI servers worth as much as $500 billion in the US over the next four years with help from partners such as ...

In 2024 Cyprus banks continued to amass very large profits. However, their self-serving behaviour, particularly in conduct of interest rate and lending policies, has meant that banks fell far short in ...

The Paphos regional tourism board (Etap) this week said that its digital tourism campaign is exceeding expectations, with the organisation reporting that its goals have already been significantly surpassed. According ...

Meta Platforms (META.O) said this week it would use interactions that users have with its AI, as well as public posts and comments shared by adults across its platforms, ...

South Korea announced this week an increase in its support package for the country’s vital semiconductor industry to 33 trillion won ($23.25 billion), up about a quarter from a 26 trillion won ...

Asking prices for housing on sale in Britain this month are 1.3 per cent higher than a year earlier, despite the end of a tax break, pushing the average price above ...

The Russian rouble strengthened past 81 to the US dollar, supported by rising oil prices, reaching its highest level since June 28, 2024. At 0900 GMT the rouble was up 1.5 per cent 80.90 to the ...

Alphabet’s (GOOGL.O) Google illegally dominates two markets for online advertising technology, a judge ruled on Thursday, dealing another blow to the tech giant and paving the way for ...

Cyprus’ planned accession to the Schengen zone is expected to ease red tape for shipping companies and offer a welcome boost to the sector, according to the Cyprus Shipping Chamber (...

Limassol municipality and Frederick University’s Department of Maritime Transport and Commerce will host the fifth Blue Limassol Forum on Thursday, May 15 at the Cruise Terminal (POD 5 – Departures) of the ...

The ratio of non-performing loans (NPLs) in the Cypriot banking sector edged up slightly to 6.3 per cent at the end of January 2025, from 6.2 per cent in December 2024, according to updated ...

The Ministry of Energy, Commerce and Industry has announced a new call for proposals under the Digital Upgrade of Businesses Scheme, part of the EU co-funded Thaleia 2021–2027 programme. According to ...

The Paphos regional tourism board (Etap) this week said that its digital tourism campaign is exceeding expectations, with the organisation reporting that its goals have already been significantly surpassed. According ...

The outlook for Cyprus’ tourism sector appears slightly brighter this year, with early bookings for the first half of 2025 showing a better trend than the same period in 2024, according to ...

The Cyprus Chamber of Commerce and Industry (Keve), in cooperation with the Deputy Ministry of Shipping and the Embassy of the Republic of Cyprus in Helsinki, will organise a business ...

The International Labour Organisation (ILO) this week concluded the latest round of minimum wage negotiations for able seafarers, following a meeting of the Joint Maritime Commission’s (JMC) Subcommittee on ...

The Bank of Cyprus on Thursday announced a reduction in its reference lending rate by 0.25 percentage points, responding directly to the European Central Bank’s latest rate cut. As of ...

The European Central Bank cut interest rates for the seventh time in a year on Thursday, looking to prop up an already struggling euro zone economy that will take a ...

Cyprus recorded a slight drop in tourist arrivals in March 2025, while maintaining a strong overall increase for the first quarter of the year, according to a report released on Thursday ...