#business

Illicit cigarette consumption in Cyprus remains a pressing issue, accounting for 11 per cent of the total market, according to KPMG’s 2023 independent report for Philip Morris International. While this marks ...

Global finance chiefs will gather in Washington this week amid intense uncertainty over wars in the Middle East and Europe, a flagging Chinese economy and worries that a coin-toss US ...

Oil prices edged up in Asian trading on Monday, following a more than 7 per cent drop last week on worries about demand in China, the world’s top oil importer, ...

A significant share of Cypriot wealth continues to languish in low-interest bank deposits, despite alternative investment options, according to senior investment specialist at Athlos Capital Phanos Vladimirou. He also attributed ...

New home sales in Cyprus reached €1.9 billion during the first nine months of 2024, according to a report from Nicosia-based firm Landbank Analytics. According to the report, this figure represents a 25 ...

Stellantis (STLAM.MI) CEO Carlos Tavares alternated between defiance and contrition about the company’s turnaround plans during a packed schedule of public events at the Paris auto show following ...

Euro zone inflation could ease more quickly than previously thought and economic growth is also likely to remain weak, according to ECB policymakers and fresh surveys, reinforcing the case for ...

Tide maker Procter & Gamble (PG.N) reported a surprise drop in quarterly sales for the second time in a row, as price-conscious consumers in its major markets, the United ...

Global sales of fully electric and plug-in hybrid vehicles rose by an annual 30.5 per cent in September, as China surpassed its record numbers recorded in August and Europe resumed growth, ...

Here are the top business stories in Cyprus from the week starting October 14: Rising interest rates, which have resulted in increased borrowing costs, have weighed heavily on mortgage demand in ...

The Construction Materials Price Index recorded a slight decrease on an annual basis for September 2024, according to data from the Cyprus Statistical Service. The index reached 117.27 points during this time, ...

Netflix (NFLX.O) picked up 5.1 million streaming subscribers in the third quarter, topping Wall Street estimates by more than 1 million, and said it expected higher customer growth around the holidays ...

Warner Bros Discovery will launch its Max streaming service across seven Asian markets on Nov. 19, making the platform available in more than 72 markets, the media giant said this week. Warner ...

The Deputy Ministry of Tourism on Friday outlined the need to address long-standing challenges in the tourism sector, in order to maximise its performance and boost the Cypriot economy. Initiatives ...

Shares of Nvidia (NVDA.O) closed at their highest ever on Monday, putting the heavyweight AI chipmaker on the brink of dethroning Apple (AAPL.O) as the world’s most ...

Sweden’s Ericsson (ERICb.ST) said on Tuesday the telecom equipment market is showing signs of improvement after reporting third-quarter core earnings and sales above expectations, helped by a rebound ...

Nestle (NESN.S) is revamping senior leadership and its operating structure, the food giant said on Thursday, as it cut its full-year sales outlook following weaker than expected nine-month underlying ...

Cyprus’ gross domestic product (GDP) in nominal terms (current prices) reached €31.34 billion in 2023. This marks a growth rate of 6.5 per cent, according to the major revision of national accounts for 1995–2022 ...

Britain’s smaller listed companies can reverse a “doom loop”, driven by plummeting valuations and higher costs and regulation, with help from broader tax exemptions and incentives, a think tank ...

The Deputy Ministry of Tourism on Friday outlined the need to address long-standing challenges in the tourism sector, in order to maximise its performance and boost the Cypriot economy. Initiatives ...

Fiscal Council president Michalis Persianis on Friday raised concerns over the growing trend in consumer loans, which, according to him, are being granted easily by some banks without collateral. He ...

Cash-strapped electric luxury sedan maker Lucid (LCID.O) said on Thursday a combined public offering and private placement of roughly 637 million shares would likely fetch it $1.67 billion. The stock sale ...

Businesses in Cyprus are strengthening their cybersecurity measures in anticipation of the European Union’s network and information security directive (NIS 2). The new directive comes into effect across all 27 EU ...

Seven of the 10 big developed-market central banks tracked by Reuters have now started easing policy, with expectations of how quickly each will move swinging back and forth as policymakers stress ...