#business

What is missing from the Paris 2024 Olympics? A tear-jerking corporate advertising campaign from Procter & Gamble saluting the mothers of athletes. The consumer products maker, one of the world’s ...

The recent surge in bitcoin prices has the phones at crypto wallet recovery firms ringing off the hook, as retail investors locked out of their digital vaults make frantic calls ...

Here are the top business stories in Cyprus from the week starting May 13: National investment promotion agency Invest Cyprus recently showcased the country’s business and investment credentials in the ...

The European Commission could fine Microsoft if it doesn’t provide adequate information on risks stemming from generative AI features in search engine Bing by May 27. The Commission said this ...

Shares in Sony Group (6758.T) jumped 12 per cent earlier this week after the company pledged to boost shareholder returns and forecast higher annual profit with a boost from its image ...

Amazon (AMZN.O) Web Services (AWS) said this week that it plans to invest 7.8 billion euros ($8.44 billion) in Germany through 2040 as it builds a cloud computing infrastructure specifically for Europe. ...

The harmonised inflation rate in Cyprus increased by 2.1 per cent in April 2024 compared to the same period the previous year, according to the Cyprus Statistical Service. Official data showed that ...

Deputy Minister of Tourism Kostas Koumis on Friday said that tourist arrivals for the first four months of 2024 indicate that the island can achieve its goals for the year, despite ...

By Maria Demertzis Exactly a year ago, I wrote about the process of de-dollarisation. Following the Russian invasion of Ukraine in 2022, G7 currencies lost some of their international attraction because ...

The use of artificial intelligence in finance is still in its infancy but it needs to be monitored and possibly regulated to prevent harm to consumers and ensure the proper ...

Deputy Minister of Tourism Kostas Koumis on Friday said that tourist arrivals for the first four months of 2024 indicate that the island can achieve its goals for the year, despite ...

Tourist arrivals to Cyprus in April 2024 amounted to 333,563, marking a decline of 2.7 per cent from 342,736 in April 2023, according to data released on Friday by the Cyprus Statistical Service (Cystat). Over ...

Cypriot banks are well-capitalised and have shown a remarkable reduction in non-performing loans (NPLs), stated Claudia Buch, the new Chair of the Single Supervisory Mechanism (SSM). However, she urged caution ...

Bank of Cyprus Group CEO Panicos Nicolaou described 2023 as a milestone year for the organisation, as it became the first bank in Cyprus and Greece to secure approval from the ...

The Research & Innovation Foundation (RIF) on Friday unveiled its revamped innovation vouchers programme, offering €10,000 per project along with free support services to Cypriot small and medium-sized enterprises (SMEs). According ...

House Speaker Annita Demetriou this week held a meeting with a delegation from the Cyprus Shipowners’ Association (CSA), where they discussed problems and challenges facing the Cypriot shipping industry. Demetriou ...

Eurobank Holdings this week released its financial results for the first quarter of 2024, showcasing significant growth and robust performance across various metrics, including in its operations in Cyprus. “Our performance ...

Ascation’s founding visionaries George Tziazas and Minas Kyriakou chart Ascanio’s course, including their early struggles and triumphs, as well as the support they received along the way. By ...

The Bank of Cyprus on Thursday released its financial results for the first quarter of 2024, posting a profit after tax of €133 million. While this figure represents a 4 per cent drop ...

Chevron (CVX.N) said it is set to launch the sale of its remaining UK North Sea oil and gas assets, in a move that would mark the US energy ...

The Bank of England will start bringing down interest rates in August, according to a slim majority of economists polled by Reuters, while only slightly fewer of them predicted a ...

Andreas Demetriades will continue to lead the Cyprus Association of Large Investment Projects, following a decision made at the annual general assembly on Wednesday, which was held in Nicosia, in ...

Hellenic Bank on Thursday announced that it achieved a recertification under the International Energy Management System ISO 50001, focusing on energy management, for yet another year. “With a focus on energy ...

Cyprus is among the top three countries in the Eurozone with the highest growth rate in 2024, government spokesman Konstantinos Letymbiotis said on Thursday. In terms of further support measures, he ...