#business

The total value of all real estate transactions in Cyprus reached a record-high €5.71 billion in 2024, reflecting a modest one per cent increase compared to 2023, according to a report released on ...

The European Union will on Tuesday announce a roadmap to phase out the bloc’s remaining gas ties with Moscow, but in the absence of sanctions it will be difficult ...

US President Donald Trump’s tariffs are increasingly clogging up the wheels of a world economy which for decades were greased by predictable and relatively free trade. Big-name multinationals right ...

Cyprus’ banking sector has undergone a profound transformation since the 2013 financial crisis, marked by sweeping consolidation, branch closures, and a rapid shift towards digital banking. Since 2013, several key players have ...

The recent electricity blackout in Spain and Portugal may have been caused by a combination of rare atmospheric vibrations, high renewable energy production, and low system inertia, according to Andreas ...

The National Bank of Greece (Cyprus) posted a net profit after tax of €13.6 million for 2024, marking a 143 per cent increase compared to the previous year. According to the bank’s ...

Sir Stelios Haji-Ioannou, creator and owner of the easy family of brands, has announced the acquisition of 100 per cent of the share capital of easyHotel Ltd by investment funds managed ...

The Research and Innovation Foundation (RIF) has appointed Theodoros Loukaidis as its director general for a second five-year term, following an open selection process, the board of directors announced on ...

Limassol businesses are still grappling with staffing shortages, rising costs and red tape, according to the latest business barometer published this week by the Limassol Chamber of Commerce and Industry (...

People in emerging economies are more willing to trust AI than those in advanced economies and are more optimistic and excited about its benefits, a major survey by the University ...

Europe has a plan to boost growth and productivity, all while becoming the world’s first climate-neutral continent. By Ross McQueen On a cloudy morning in September 2023, European Commission President ...

Some European tech workers who might once have headed to the United States are looking at defence startups closer to home. Others are rushing back to Europe from jobs abroad. ...

Federal Reserve policymakers won’t take much signal from a decline in first-quarter US GDP, but by June clearer signs of a faltering economy will move central bankers to resume ...

British business sentiment fell to its lowest level in three months and employers were concerned about implications of US tariffs and the wider economy as they grapple with higher employment ...

Hellenic Bank on Monday announced that its board of directors will convene on Wednesday, May 7, 2025 to examine, among other things, the financial results of the group for the first quarter ...

Trade is structural and its implications for policy and markets alike are pervasive, especially when deficits have been persistent and accumulating for a long time. Currencies and trade imbalances are ...

Emirates Airline is very satisfied with its cash reserves, Chairman Sheikh Ahmed bin Saeed Al Maktoum said this week, adding that if the government asked him to list the company ...

OpenAI this week said it has updated ChatGPT’s web search capabilities to improve online shopping for users with personalized product recommendations with images, reviews, and direct purchase links. The ...

BP (BP.L) this week reported a deeper-than-expected 48 per cent drop in net profit to $1.4 billion on weaker gas trading and refining results and announced the departure of its strategy ...

Cyprus recorded a general government surplus of €580.6 million in the first quarter of 2025, according to preliminary data published by the Cyprus Statistical Service (Cystat) on Friday. The surplus represents 1.6 per ...

The Cyprus Computer Society (CCS) this week released a statement celebrating a series of outstanding student achievements in April 2025, showcasing Cyprus’ growing presence on the global technology stage through both ...

Spotify forecast second-quarter profit below market estimates this week due to employee salary-related taxes, taking the shine off its strong subscriber growth and sending shares of the Swedish music-streaming giant ...

IBM (IBM.N) will invest $150 billion in the US, including on facilities for quantum computer production, over the next five years, the latest American technology company to back the Trump ...

The first 27 satellites for Amazon’s Kuiper broadband internet constellation were launched into space from Florida earlier this week, kicking off the long-delayed deployment of an internet-from-space network that will ...