#business

Dutch brewer Heineken (HEIN.AS) on Wednesday forecast low- to high-single digit percentage growth in operating profit in 2024, citing volatility in geopolitics and economic conditions, which could deliver a result ...

OPEC on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024 and 2025 and raised its economic growth forecasts for both years saying there was further ...

The Cyprus Securities and Exchange Commission (CySEC) recently made two decisions regarding the authorisations of two financial firms. In its meeting held on December 4, 2023, CySEC, in accordance with section 8(1)(a) ...

Rating agency Fitch fired a warning shot across Britain’s bows on Monday, urging the country’s government to keep a tight rein on spending in its upcoming budget or ...

Canada’s BlackBerry (BB.TO) said this week that it was targeting an additional increase of $100 million in its annual profit as the cybersecurity firm slashes costs, including reducing its ...

New York Community Bancorp’s (NYCB.N) exposure to commercial real estate has intensified investor scrutiny around regional banks, with some expecting more pain for those with office and multifamily ...

Deputy Minister of Shipping Marina Hadjimanoli on Tuesday praised Cyprus’ role in project BlueBarge, which aims to provide moored ships with electricity from rechargeable, green energy batteries. Preparations for the ...

Paphos Chamber of Commerce and Industry (Evep) president George Mais on Tuesday said that the allocation of €245 million to local businesses, along with other developments, can offer significant benefits to ...

The Cyprus real estate market performed well in 2023, with property transfers totalling €1.9 billion and sales documents amounting to €4.2 billion, the Real Estate Agents Registration Council said on Tuesday. Marinos Kineyirou, ...

More than eight in 10 companies say the time it takes to secure permits is a barrier to investing in Europe and accelerating this process should be a top EU priority, ...

The Cyprus Securities and Exchange Commission (CySEC) has announced that it has reached a settlement agreement, worth a total of €200,000, with Fintailor Investments Ltd, a Cyprus Investment Firm (CIF). The ...

Levantina Fish managing director Antonis Kimonides said that the fish farming sector is very competitive, necessitating unique, innovative approaches from businesses operating in the industry. The company recently received a ...

Temu is spending like a billionaire to become America’s e-commerce champion, leaving winners and losers in its wake. The popular shopping app from China’s Pinduoduo (PDD.O) aired ...

President Nikos Christodoulides is set to attend the administrative board meeting of the Cyprus Chamber of Commerce and Industry (Keve) today, Tuesday, February 13, at 17:00 local time. According to an announcement ...

Paphos hotels are reporting a drop in occupancy rates during the first quarter of 2024, when compared to the same period of the previous year, according to Evelyn Komodromou, deputy president ...

Oil prices rose slightly on Tuesday on fears Middle East tensions could disrupt supply, but uncertainty about the pace of potential US interest rate cuts and the ensuing impact on ...

Saudi Arabia’s U-turn on its oil capacity expansion plans was because of the energy transition, its energy minister said on Monday, adding that the kingdom has plenty of spare ...

The Cyprus Chamber of Commerce and Industry (Keve) has announced that its member organisation, the Cyprus E-Mobility Association, welcomes the announcement of the electric mobility promotion plan by the Ministry ...

Hermes Airports on Monday announced the launch of a new, online publication, dedicated to the travel and aviation industry. The publication, titled Flight Mode, will be released on a monthly ...

Unilever CEO Hein Schumacher said billionaire activist and board member Nelson Peltz is “fully behind” a recently devised strategy to re-invigorate the company, even as some other investors remain sceptical ...

Bitcoin rose by 4 per cent to $49,477.75 on Monday, its highest since December 2021. The cryptocurrency has risen some 15.7 per cent so far this year, helped by regulators approving U.S. spot ...

The Central Bank of Cyprus (CBC) on Monday released an announcement addressing recent media reports, concerning the European Banking Authority’s (EBA) peer review report on the supervision of creditors’ ...

Andreas Michael, the owner and managing director of CyView Developers, recently shared insights into the economic outlook and prospects for the construction sector in Cyprus for 2024, including how the country ...

Cyprus’ Research and Innovation Foundation on Monday announced that it is joining forces with Israel’s Ministry of Science and Technology, in order to boost collaboration and cross-border relations in ...