#business

President Nikos Christodoulides announced several multi-million-euro projects in the municipalities and communities of the Famagusta district, highlighting the government’s commitment to the area’s development, during a gathering at ...

UBS (UBSG.S) on Friday said it will overhaul the board of its domestic Swiss business after its takeover of Credit Suisse, including a new chairman to oversee both operations. ...

Relentless selling of US government bonds has brought Treasury yields to their highest level in more than a decade and a half, roiling everything from stocks to the real estate ...

National flag carrier Cyprus Airways on Friday released a report revealing its traffic results for the month of September 2023, with the airline having transported a total of 48,560 passengers during this ...

Britain needs to better track funds going into green investments to assess how much is needed from the private sector and should consider targeted tax changes to encourage sustainable projects, ...

Aviation war insurers have given notice to cancel cover for some airlines domiciled in Israel and Lebanon because of the conflict in the region, with some cancellations already taking effect, ...

You may never have to read another news story in your life, if you have artificial intelligence that can digest all the web’s information and serve up a summary ...

The path to sustainable tourism involves the fusion of technology and the preservation of cultural heritage, stated Deputy Minister of Tourism Kostas Koumis, during his speech at the 16th International ...

Finnish telecom gear group Nokia (NOKIA.HE) will cut up to 14,000 jobs to reduce costs, it said on Thursday, after weaker demand for next-generation 5G equipment lowered third-quarter sales by ...

Tesla (TSLA.O) CEO Elon Musk on Wednesday warned of difficulties in ramping up production of the automaker’s much-awaited Cybertruck electric pickup truck and announced that deliveries would begin ...

As shopkeeper Ben Selvaratnam recounted how his grocery store in south London was being targeted by shoplifters up to 10 times a day, he had to stop to eject two men ...

In a bid to enhance their existing collaboration, the Department of Computer Science at the University of Cyprus and Wargaming Group Limited this week announced the signing of a Memorandum ...

The Central Bank of Cyprus (CBC) on Thursday announced that it has officially launched a project aimed at implementing remote customer identity verification, known as digital onboarding, in collaboration with ...

The Bank of Cyprus on Thursday announced the launch of two new deposit products, known as “Step-Up,” designed to offer clients the opportunity to earn increased interest rates over an 18...

Airline executives on Wednesday called on Britain to draft new rules to allow carriers to share responsibility with air traffic control and airports for any disruptions to flights so the ...

Qatar has agreed to supply Shell (SHEL.L) in the Netherlands with gas for 27 years, the second such deal with a European buyer in a week, as the Gulf state ...

Netflix (NFLX.O) increased subscription prices for some streaming plans in the United States, Britain and France on Wednesday as it shattered expectations for new customers, sending its shares surging 13 ...

A future British government should consider raising the Bank of England’s inflation target from 2 per cent to 3 per cent to give it more room for manoeuvre during economic downturns ...

The Harmonised Index of Consumer Prices (HICP) in Cyprus increased by 4.3 per cent in September 2023, compared to the same month in 2022, according to the Cyprus Statistical Service. This rise in ...

Hellenic Bank on Wednesday released a statement explaining that in an increasingly volatile economic environment, Cypriot businesses require a stable and reliable partner, noting that with a customer-centric approach, in ...

World Investor Week 2023 (WIW2023) has concluded successfully with a significant level of participation, according to a statement by the Cyprus Securities and Exchange Commission (CySEC), which collaborated with global supervisory ...

Morgan Stanley’s (MS.N) third-quarter profit dropped less than expected as a strong performance in the bank’s wealth management division offset a hit from lethargic dealmaking. The wealth ...

The European Central Bank (ECB) is not expected to raise interest rates at its upcoming session, as recent economic data indicates that its benchmark rates have reached levels conducive to ...

Bank of Cyprus CEO Panicos Nicolaou this week revealed a vision for Cyprus as a thriving business hub in the region, noting that the island has the potential for further ...