#business

Britain’s Treasury Committee has announced that nine top UK banks and building societies suffered at least 803 hours of unplanned tech and systems outages in the last two years, blocking ...

AxeleraAI, one of Europe’s few companies making computer chips for artificial intelligence, has been awarded a grant of up to 61.6 million euros ($66 million) to develop a chip for use ...

Alphabet’s Google has launched an experimental version of its search engine that completely eliminates its classic 10 blue links in favor of an AI-generated summary. The new feature, available to ...

Here are the top business stories in Cyprus from the week starting March 3: The Cyprus International Businesses Association (CIBA) is currently analysing the proposed tax reform, according to an official ...

A historic global trade war, a proposed $1.2 trillion European fiscal bazooka and the emergence of China as tech race leader are upending global flows of money, marking a potential turning ...

March 5 (Reuters) – Tesla (TSLA.O) car sales in Germany fell by 76 per cent in February, data showed this week, adding to the collapse in sales of Elon Musk’s EV ...

British services firms in February cut staff at the fastest pace since 2020 ahead of tax and minimum-wage hikes that come into effect next month, an industry survey showed this week. ...

Eurobank Cyprus on Friday announced that it posted a net profit after tax of €214 million in 2024, marking a €14.6 million increase from the previous year, corresponding to a rise of 7.3 per ...

Alphabet’s Google (GOOGL.O) met with President Donald Trump’s government last week and urged them to back away from a push to break up the search engine company, ...

Japanese electronics giant Sony and drinks maker Suntory are stockpiling inventory in the United States while their peers shift production or supply chains in efforts to fend off an evolving ...

Britain’s Financial Conduct Authority has urged firms managing private assets to improve how they identify and disclose potential conflicts of interest in valuation processes, as retail investors increase their ...

Deputy Minister of Research Nicodemos Damianou on Friday stressed the importance of investing in artificial intelligence (AI) at the Demystifying and Unleashing AI conference in Nicosia. Highlighting AI’s potential ...

Eurobank Cyprus on Friday announced that it posted a net profit after tax of €214 million in 2024, marking a €14.6 million increase from the previous year, corresponding to a rise of 7.3 per ...

The Deputy Ministry of Tourism has expressed satisfaction with its participation at the ITB Berlin tourism conference this week, where minister Kostas Koumis led the Cypriot delegation. According to an ...

US Ambassador to Cyprus Julie Davis this week highlighted the crucial role of American investments in Cyprus’ economic development. Speaking at an event at Neapolis University Paphos titled “USA – Cyprus: ...

The Cypriot real estate market saw significant activity in January 2025, with the 50 largest property transactions amounting to €30.1 million, according to real estate analytics firm Ask Wire. The company on Friday ...

The Cyprus Securities and Exchange Commission (CySEC) on Friday issued a warning about a surge in fraudulent activities where individuals falsely claim to represent the regulatory body. These scammers, posing ...

The House on Thursday afternoon passed the National Betting Authority (NBA) and e-health authority budgets for the fiscal year 2025. The NBA’s budget, approved by 36 MPs, projects total expenditures to ...

The Bank of Cyprus on Thursday announced that it has received the Quality Recognition Award from global financial services firm JP Morgan Chase. The award, which the Bank of Cyprus ...

The turnover index for transport and storage in Cyprus increased by 1.6 per cent in 2024 compared to the previous year, according to a report released this week by the Cyprus Statistical ...

The industrial turnover index in Cyprus recorded a 1.6 per cent increase in 2024 compared to the previous year, according to a report released this week by the Cyprus Statistical Service. In ...

The value of bounced cheques remained at the same level as the previous month in February 2025, with an increase in the number of cheques issued, according to the Central Bank ...

Deputy Minister of Research Nicodemos Damianou has called for increased public funding and private investments in cybersecurity for small and medium enterprises (SMEs), during an informal EU telecommunications ministers’ meeting. ...

Non-performing loans (NPLs) in the Cyprus banking system remained stable in November 2024, standing at €1.61 billion, according to data released by the Central Bank of Cyprus (CBC) on Thursday. The total ...