#business

Renewable energy developer Invenergy and social media giant Meta Platforms (META.O) have signed four deals to supply 791 megawatts (MW) more of solar and wind power to operate data centers, ...

Here are the top business stories in Cyprus from the week starting June 23: Paphos has emerged as the strongest performer for high-end houses in Cyprus’ residential property market, according to ...

The custodians of trillions of dollars of global central bank reserves are eyeing a move away from the greenback into gold, the euro and China’s yuan as the splintering ...

More than 40 per cent of agentic artificial intelligence projects will be canceled by the end of 2027 due to escalating costs and unclear business value, according to a report by Gartner. ...

Amazon has deepened its commitment to Britain, with the e-commerce giant saying it plans to invest 40 billion pounds ($54 billion) over the next three years, a move the UK government hailed ...

On a purchasing power basis Malta had the lowest electricity price in Europe in 2024, in contrast to Cyprus that had the second highest price. Both are small island states within ...

Eurobank on Friday announced its intention to explore a parallel listing of its shares on the main market of the Cyprus Stock Exchange (CSE), following the successful completion of its ...

The European Commission this week put forward the EU Space Act, a long-awaited overhaul of regulations affecting its fast-growing space industry. The legislation aims to create a single market for ...

Britain’s competition regulator said it may force Google to rank businesses more fairly in search results and offer alternative services to consumers, marking the first use of expanded powers ...

The Bank for International Settlements issued its starkest warning yet on the risks posed by stablecoins and urged countries to move rapidly towards the tokenisation of their currencies. The BIS, ...

UBS Global Wealth Management raised its year-end target for the S&P 500 index (.SPX) to 6,200 from its prior forecast of 6,000, banking on softening trade tensions and expectations of resilient ...

Britain’s statistics office will split its leadership and invest more money as part of a push to fix problems with its economic data that have hampered the Bank of ...

Cyprus’ industrial production index rose by 3 per cent year-on-year in April 2025, reaching 110.3 units, according to data released by the state statistical service on Friday. The April performance contributed to a 3.8 ...

Petroleum product sales in Cyprus surged by 9.9 per cent in May 2025, compared to the same month last year, according to a report released on Friday by the state statistical service. ...

Eurobank on Friday announced its intention to explore a parallel listing of its shares on the main market of the Cyprus Stock Exchange (CSE), following the successful completion of its ...

The Cyprus Stock Exchange (CSE) on Friday announced revised reception desk hours for the months of July and August 2025. According to the official statement released by the exchange, the updated ...

K. Kythreotis Holdings Public Ltd, a company specialising in ready-mixed concrete, building materials, and road construction, on Friday announced both an improved profit outlook for the first half of 2025 and ...

Logicom Public Ltd on Friday reported a significant rise in profitability for the first quarter of 2025, even as revenue declined compared with the same period last year, according to its ...

The Consumer Protection Service this week issued a detailed advisory to inform consumers about the rules governing online purchases. This comes amid a marked increase in orders from countries outside ...

State-owned asset management company Kedipes paid €60 million to the state on June 26, as part of the ongoing repayment of state aid previously provided to the now-defunct Cooperative Cyprus Bank. According ...

The Cyprus Composite Leading Economic Index (CCLEI), compiled and published by the Economics Research Centre of the University of Cyprus (CypERC), recorded a year-on-year increase of 2.3 per cent in June 2025. ...

The US economy contracted a bit faster than previously thought in the first quarter amid tepid consumer spending, underscoring the distortions caused by the Trump administration’s aggressive tariffs on ...

Economic sentiment in Cyprus declined in June 2025, with the Economic Sentiment Indicator (ESI) falling by 0.8 points compared to May, according to the Economics Research Centre (CypERC) of the University of ...

Shell (SHEL.L) has not bid for BP (BP.L) and is not actively considering such a move, it said in a categorical denial on Thursday, adding it was bound ...