#business

Globeducate, one of the world’s leading K12 education groups, this week announced the acquisition of Cypriot educational group Olympion. This notable group of private Greek schools, situated near Nicosia, ...

The European Court of Auditors on Tuesday raised concerns about the slow absorption of the Recovery and Resilience Facility (RRF) funds across the European Union, warning of potential risks to ...

European Central Bank policymakers are increasingly at odds on the outlook for growth, a rift that could shape the rate cut debate for months with some fearing a recession and ...

Cypriot startup Placy has secured €1 million in pre-seed funding, according to an announcement released on Tuesday. The company provides an AI-powered virtual companion that aims to reshape how real estate ...

Saudi Arabian Transport Minister, Saleh Bin Nasser Al-Jasser, on Monday visited DP World Limassol’s general cargo and cruise terminal, where he discussed avenues for further cooperation in areas of ...

British lenders approved the highest number of mortgages in July since the start of the “mini-budget” crisis in 2022 under former Prime Minister Liz Truss, according to Bank of England data ...

Turkey’s economy expanded by a less-than-expected 2.5 per cent in the second quarter of the year, data showed this week, cooling in the face of a year-long monetary tightening drive. ...

Turkish state energy company Botas and British oil major Shell (SHEL.L) will sign a long-term LNG agreement on Monday, the Turkish Energy Ministry said. It said Energy Minister Alparslan ...

Saudi Arabian Transport Minister, Saleh Bin Nasser Al-Jasser, on Monday visited DP World Limassol’s general cargo and cruise terminal, where he discussed avenues for further cooperation in areas of ...

The Cypriot economy grew by 3.6 per cent in the second quarter of 2024, compared to the same period in 2023, according to a report released this week by the Cyprus Statistical Service (...

The Bank of Cyprus completed approximately 41 per cent of its maximum share buyback programme value by the end of August, according to an announcement by the bank. The announcement noted ...

British government plans to increase a windfall tax on North Sea oil and gas producers would lead to a nearly 12 billion pound ($16 billion) drop in revenue to the state and ...

Cyprus’ retail sector experienced growth in July, according to a report released on Monday by the Cyprus Statistical Service (Cystat). According to the report, the retail trade turnover value index ...

Oil prices extended losses on Monday on expectations for higher OPEC+ production starting in October and as signs of sluggish demand in China and the US, the world’s two ...

The European Central Bank would be “wise” to deliver another interest rate cut in September, French policymaker Francois Villeroy de Galhau said, warning there was a risk of undershooting its ...

Cyprus’ Industrial Producer Prices Index (PPI) experienced a 0.9 per cent increase in July 2024 compared to the previous month, reaching 124.2 points, according to a report from the Cyprus Statistical Service (Cystat). ...

By George Markides, George Kassinis, Andreas Soteriou Over the past two decades, financial technology (FinTech) has transformed the established financial sector by introducing more efficient and innovative methods of providing ...

The global smart personal audio market, which includes True Wireless Stereo (TWS) devices, wireless earphones, and wireless headphones, experienced a robust recovery in the second quarter of 2024.  According to a ...

The African smartphone market experienced modest growth in the second quarter of 2024, with shipments rising by 6 per cent year-on-year to reach 17.8 million units, according to the latest research from Canalys.  ...

The sudden resignation of a high-profile Intel board member came after differences with CEO Pat Gelsinger and other directors over what the director considered the US company’s bloated workforce, ...

Facebook owner Meta Platforms has struck a deal to buy geothermal power from Sage Geosystems to supply its US data centres, as it races to build out the infrastructure to ...

Here are the top business stories in Cyprus from the week starting August 26: Starting with the economic landscape, the value of Cypriot bonds held by the Eurosystem has decreased to €6.38 ...

UBS Global Wealth Management has raised the odds of a US recession to 25 per cent from 20 per cent, citing weakness stemming from softer jobs growth and the July unemployment data ...

The US Commerce Department has announced that it plans to award $50 million to HP (HPE.N) to support the expansion and modernization of an existing company facility in Oregon that ...