#business

Europe is striving to cut the costs of operating wind turbines on water. By Michael Allen Off the coast of Portugal, a team of underwater robots is scanning the base ...

The surprise leadership shuffle on Thursday at Toyota Motor Corp (7203.T), renewed urgency at Renault (RENA.PA) and Nissan Motor Co (7201.T) to restructure their alliance and Elon Musk’s ...

The funding opportunities are growing for startups with Cypriot founders or Cyprus-based tech companies. The first CySEC-registered Venture Capital fund focusing primarily on Cypriot startups Kinisis Ventures Fund has announced ...

The economic sentiment in Cyprus improved in January 2023, with the Economic Sentiment Index (ESI) increasing by 0.9 points compared to December 2022, according to a report released on Friday by the Centre ...

Petrol station sales in Cyprus marked a decrease of 7.5 per cent in December 2022, compared to the corresponding month of 2021, according to data released on Friday by the Cyprus Statistical Service (...

Deposits in the Cypriot banking system experienced an increase of approximately €590 million in December 2022, with their total balance exceeding €52 billion, according to a report published on Friday by the Central ...

By Maria Demertzis The global fight against climate change suffers from a problem that holds back international action in many areas: countries make promises and set goals, but then fail ...

An industry body set out a global framework on Thursday for trading derivatives linked to cryptoassets to avoid FTX-style collapses sowing confusion over ownership. The International Swaps and Derivatives Association (...

Oil prices rose for a second session on Friday, buoyed by stronger than expected US economic growth, strong middle distillate refining margins and hopes of a rapid recovery in Chinese ...

Cyta celebrated the connection of its 100,000 customers to its island-wide Cyta Fibre network by offering 100 months of free internet to Andreas Michael from Geroskipou, the customer with connection number 100,000. Having ...

Rising borrowing costs are giving a long-awaited lift to Europe’s beleaguered banks, but they come with a sting in the tail. Last year central banks ended a decade of ...

Tesla Inc’s (TSLA.O) electric vehicles are expensive to repair – so much so that the automaker and insurers are addressing the issue in sharply different ways. Chief Executive Elon ...

Shareholders can sue McDonald Corp’s (MCD.N) former global chief people officer for the damage they claim he caused to the restaurant chain by allegedly allowing a culture of ...

IKEA is using more wood from Sweden and the Baltics to make up for not sourcing it from Russia and Belarus which the company has shunned due to Moscow’s ...

Fourth-quarter GDP forecast to increase at a 2.6 per cent rate Strong consumer spending seen; other sectors to contribute Weekly jobless claims expected to rise moderately The US economy likely maintained ...

The Cyprus Securities and Exchange Commission (CySEC) this week released the findings of a study seeking to identify the behaviour and habits of European investors. particularly with the increased use ...

Shipping Deputy Minister Vassilios Demetriades this week provided a summary of the work that has been implemented under his watch, saying that Cyprus’ shipping sector has been making the country ...

A top official with the US Commodity Futures Trading Commission (CFTC) is pressing lawmakers to give regulators authority to dig into the books of any firm seeking to acquire significant ...

Could taxing idle properties be the answer to the market’s inability to meet demand? The city of Limassol could have an additional 8,000 apartments, with many swathes of land currently ...

Plum, the smart European money app announced this week that it is launching in Cyprus, allowing Cypriots to join the 1.5 million people who are already using the app to save ...

Elon Musk has a playbook for Tesla (TSLA.O) headed into what he believes will be a “serious” recession: cut costs on everything from parts to logistics, while keeping the ...

The chief executive of Toyota Motor Corp will step down as head of the company his grandfather founded, the Japanese automaker said on Thursday, handing over to the boss of ...

Turkey’s central bank said on Thursday it will provide 2 per cent foreign exchange conversion support to companies that bring forex into the country from abroad, sell it to the ...

The Paphos Chamber of Commerce and Industry (Evep) on Wednesday said that foreign investments in the district have exceeded €15 million in total. According to statements made by chamber secretary and ...