#business

Total petroleum product sales in Cyprus reached 122,581 metric tons in May 2023, marking a 1.4 per cent increase compared to May 2022, according to a report released this week by the Cyprus Statistical ...

Online’s share of Britain’s grocery market slowed further in June as hot weather encouraged shoppers to visit stores for drinks and refreshments, industry data showed on Tuesday. Market ...

Turkey’s lira was mostly flat on Tuesday, after touching a new record low overnight, while bankers said the central bank’s net reserves had marked their largest rise on ...

Economic sentiment in Cyprus experienced a significant improvement in June 2023, as the Economic Uncertainty Index (EUI) dropped to its lowest level in the past three years, according to a report ...

In a speech delivered at the Hydrogen & Green Gases Forum held last week in Athens, Cyprus Energy Regulatory Authority (CERA) chairman Andreas Poullikkas emphasised that until the completion of ...

has reached a deal that will give US electric vehicle (EV) maker Lucid Group (LCID.O) a 3.7 per cent stake in return for access to its “high performance” technology, the ...

IBM (IBM.N) said on Monday it will acquire technology spend-management platform Apptio from Vista Equity Partners for $4.6 billion in cash, in the latest deal to bolster its capabilities in ...

Deutsche Bank (DBKGn.DE) has told clients it can no longer guarantee full access to Russian stocks that belong to them, underlining the challenges global investors face to recover stranded ...

Companies will face more pressure to disclose how climate change affects their business under a new set of G20-backed global rules aimed at helping regulators crack down on greenwashing. ...

BlackRock’s plans for a bitcoin fund have helped push the world’s largest cryptocurrency to its highest in a year, but rising interest rates and a regulatory crackdown could ...

A blistering rally in Tesla Inc (TSLA.O) shares has powered the EV maker’s market value toward trillion-dollar levels, prompting some analysts to question its valuation and downgrade the ...

Soaring mortgage costs in Britain are fuelling fears among homeowners, investors, charities and policymakers about the growing strain placed on borrowers, but lenders have so far sounded broadly sanguine about ...

Accenture fanned concerns about dwindling IT spending on Thursday with a quarterly revenue forecast that was below Wall Street estimates, sending its shares down more than 5 per cent. CEO Julie ...

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 ...