#business

UBS’s (UBSG.S) rescue takeover of Credit Suisse a year ago has created “new risks and challenges” for the Swiss economy, the Organisation for Economic Cooperation and Development said ...

Britain’s Financial Conduct Authority “would not stand in the way” of moves to end Britain’s free banking model if lenders chose to offset rising regulation costs by charging ...

The Bank of Cyprus on Thursday announced that it has acquired a restructured loan portfolio, with a total gross accounting value of €58.4 million, as of December 31, 2022, from state-owned asset management ...

Paphos hoteliers are pessimistic about the volume of guests they will see in the coming weeks, citing low visitor numbers, based on the reservations they have recorded so far. President ...

Cyprus Chamber of Commerce and Industry (Keve) president Stavros Stavrou, along with members of the chamber’s executive committee, on Thursday met with the UN Secretary-General’s recently appointed envoy ...

Zara-owner Inditex’s shares rose to a record high after it reported positive early spring sales, boosted by upmarket fashions and continuing the strong momentum that saw its 2023 revenue growth ...

The Consumer Protection Service (CPS) and the Advertising Control Agency (ACA) this week signed a 5-year memorandum of understanding (Mou), aiming to inform consumers about the commercial pursuit of posts ...

Shuna Group, an international investment company, recently hosted a three-day event in Larnaca, showcasing the opportunities for investing in the city’s real estate sector, with this initiative receiving support ...

The Cyprus Shipping Chamber (Kne) this week held a meeting focused on the regulatory framework governing the EU Emissions Trading System (EU ETS), which came into effect on January 1, 2024. The ...

“In the realm of digital and business transformations, the path to success is fraught with challenges, with a startling reality that 70 per cent of these initiatives fail”, said Andreas Papadopoulos, ...

For yet another year, Cablenet has achieved double-digit revenue growth. Specifically, in 2023, it reached €74.3 million compared to €63.9 million in 2022, translating to a 16.2 per cent increase. This growth is largely attributed ...

Methane emissions from the energy sector remained near a record high in 2023 despite a raft of commitments from the oil and gas industry to plug leaking infrastructure, a report by ...

Eurobank has surpassed initial expectations with its financial results for the year 2023, setting the stage for a robust business plan spanning 2024 to 2026, with the aim of positioning the group as ...

A U.N.-backed banking climate coalition on Wednesday released updated guidance for members requiring them to disclose more about how they plan to cut carbon emissions, including for the ...

The Council of Ministers has greenlit a forward-thinking budget aimed at facilitating the installation of electric car chargers in businesses. “This initiative is strategically designed to address the burgeoning demand ...

Corporate dividends globally hit an all-time high of $1.66 trillion in 2023, with record payouts by banks making up half of the growth, a report showed on Wednesday. On a worldwide basis, 86 ...

The Council of Ministers on Wednesday approved a budget of €25 million for the creation, modernisation, and digital upgrade of processing units for the marketing of agricultural products. The plan is ...

Italy plans to set up an investment fund with an initial endowment of 1 billion euros ($1.09 billion) to promote Artificial Intelligence (AI) projects, Prime Minister Giorgia Meloni said on Tuesday. Backed ...

Tesla’s, opens new tab Autopilot and Full Self Driving technology and nine other assisted-driving systems marketed by major automakers received “poor” ratings from the U.S. Insurance Institute for ...

Britain is proposing to build new gas plants to improve energy security and risks facing blackouts without them, the government said on Tuesday. As part of efforts to meet climate ...

Elon Musk said on Monday his artificial intelligence startup xAI would open-source its ChatGPT challenger “Grok” this week, days after he sued OpenAI for abandoning its original mission in favor ...

The Famagusta Tourism Board (Etap) and businesspeople of the district were at the “ITB BERLIN 2024” international tourism exhibition, held last week, in an effort to promote bookings in Germany. Giorgos ...

The Cyprus economy has showcased its strong resilience, in a particularly difficult period recording, “comparatively one of the highest growth rates in the European Union,” said Dr Giorgos Mountis, CEO ...

Finance minister Makis Keravnos expressed satisfaction with the eurozone’s fiscal policy orientation for 2025, as Cyprus’ conservative fiscal approach was already in line with it. He added that the joint ...