#business

By Maria Demertzis and Josh Lipsky Central bank digital currencies (CBDCs) are becoming a reality around the world, with more than 110 countries now exploring ‘digital cash’. Of the G20 economies, 18 ...

British retail sales unexpectedly rose in May, boosted by an extra bank holiday to mark the coronation of King Charles but also suggesting most consumers were coping with high inflation’...

Local voices discuss the labour and business implications of artificial intelligence By Kyriacos Nicolaou The seemingly sudden yet profound market penetration of artificial intelligence has caused tremors in both the ...

Here are the top business stories in Cyprus from the week starting June 19: Hellenic Bank on Friday released its financial results for the first quarter of 2023, posting a profit of €69.7 ...

For Ros Deegan, the thrill of raising $100 million to expand a biotech firm among the dreaming spires of Oxford was soon tempered: unable to find a bigger laboratory, she routinely ...

A year ahead of the Paris Olympics, flying taxi maker Volocopter wants to prove to executives at the Paris Airshow it is on track to ferry customers around the sporting ...

Lithium producers are growing anxious that delays in mine permitting, staffing shortages and inflation may hinder their ability to supply enough of the battery metal to meet the world’s ...

SoftBank Group (9984.T) Chief Executive Masayoshi Son said on Tuesday he is a “heavy user” of ChatGPT, the artificial intelligence-powered chatbot from Microsoft (MSFT.O) backed startup OpenAI. “I am ...

Davion Healthcare, a renowned medical company specialising in the design, development, manufacture, and global distribution of medical products and services, has relocated its €64 million business from the United Kingdom to ...

In a move that seeks to transform the real estate industry in Greece and Cyprus, CGSoft, a leading provider of property software solutions, and Cypriot fintech firm Ask Wire, joined ...

In an encouraging sign for the Cyprus economy, the Wholesale Trade Turnover Index experienced a remarkable 11.1 per cent increase during the first quarter of 2023, according to a recent report released ...

Euro zone business growth stalled this month as a manufacturing recession deepened and a previously resilient services sector barely grew, leaving the European Central Bank in a policy dilemma as ...

Japanese automaker Suzuki Motor Corp (7269.T) said on Tuesday it had reached an agreement with SkyDrive Inc to make “flying cars”. The companies will use a Suzuki Group factory in ...

Cyprus Deputy Minister of Tourism Kostas Koumis this week stated that direct air connectivity between Cyprus and Kazakhstan will become possible next year. According to a statement from the ministry, ...

Oil dropped for a second day on Friday and was heading for a weekly decline, as a UK interest rate hike added to concern over economic growth that outweighed lower ...

Hellenic Bank on Friday released its financial results for the first quarter of 2023, posting a profit of €69.7 million, solidifying a robust performance during this period, while the bank’s transformation ...

EcoXCyprus, which organises online and in-person meetups relevant to startups, technology, investments and the blockchain, announced this week that on Monday, June 26, it will be holding its 19th meetup at ...

Greece is heading into an election weekend with its public debt trading near the levels enjoyed by first-class peripheral countries, a decade after a debt crisis forced a dramatic reshaping ...

The Turkish lira weakened as much as 2.8 per cent to a fresh record low early on Friday, extending losses as the central bank’s large rate hike a day earlier, ...

The Cyprus Mail recently sat down with Zubr Capital CEO Oleg Khusaenov and partner Nikolay Shestak to discuss the private equity fund’s investment approach, the current set of challenges ...

The Central Bank of Cyprus (CBC) this week released an updated report indicating a significant reduction in non-performing loans (NPLs) by €105 million, a drop of 4.6 per cent of the total ...

The CFA Society Cyprus, a local chapter of the CFA Institute, on Thursday, presented its priorities regarding developments in the Cypriot economy and its key action pillars through strategic partnerships ...

The Nicosia tourism board (Etap) announced this week that it is participating in the Food Zone project, which aims to support the skills of food producers, SMEs, and the local ...

Bahrain’s state investment fund Mumtalakat is buying preference shares and warrants worth 400 million pounds ($510.48 million) in carmaker McLaren from Saudi Arabia’s Public Investment Fund (PIF) and Ares Management (...