#business

Cyprus witnessed a notable slowdown in property transactions during the first quarter of 2024, reflecting the cumulative challenges faced by the real estate sector, including inflationary pressures and high interest rates, ...

President of the Cyprus Stock Exchange (CSE) Marinos Christodoulides recently released a statement underscoring the significance of developing the bond market within the CSE framework. In addition, Christodoulides highlighted the ...

The European Central Bank (ECB) is increasingly confident that it is winning the fight against inflation, which makes an interest rate cut in June very likely, according to ECB policymaker ...

OpenAI Chief Executive Sam Altman has hosted hundreds of Fortune 500 company executives in San Francisco, New York and London this month where he and other OpenAI executives pitched AI services ...

Britain’s tepid economy is on course to exit a shallow recession after output grew for a second month in a row in February, and January’s reading was revised ...

Big technology-related company earnings are expected to again lead S&P 500 profit growth in the upcoming US reporting period, which could refuel optimism for stocks after a weak start ...

German sportswear brand Puma is using this year’s Olympic Games and its partnership with sprint champions Jamaica to focus on speed as it jostles with Adidas and Nike to ...

Constellation Brands forecast annual profit above Wall Street expectations on Thursday, banking on resilient demand for its core beer brands despite sticky inflation. Demand across the company’s beer brands ...

The International Energy Agency (IEA) trimmed its forecast for 2024 oil demand growth on Friday, citing lower than expected consumption in OECD countries and a slump in factory activity. The Paris-based ...

European stocks were on track to race ahead of Wall Street on Friday, with exporter shares in high demand as the continent’s major currencies dropped against a dollar standing ...

Here are the top business stories in Cyprus from the week starting April 8: Minister of Agriculture, Maria Panayiotou, recently lauded the economic significance of the wine industry and unveiled plans ...

Almost half British firms plan to raise their prices over the coming year as they struggle with high wage bills, according to a survey that underscored why the Bank of ...

JPMorgan Chase’s profit rose 6 per cent in the first quarter, although its shares dropped after the bank’s forecast for its income from interest payments came in below analysts’ ...

European Central Bank policymakers will discuss green monetary policy and their upcoming strategy review at a retreat in Ireland next month, where they will also pave the ground for a ...

OpenAI Chief Executive Sam Altman has hosted hundreds of Fortune 500 company executives in San Francisco, New York and London this month where he and other OpenAI executives pitched AI services ...

The interior ministry on Friday officially announced that elections for European Parliament and local government would be held on Sunday, June 9. The deadline to submit a candidacy was set for ...

A long journey of milestones, difficult moments, and achievements for the country’s largest financial institution was how the Bank of Cyprus described its 125-year history. A vision that took ...

Revenues from betting activity within Cyprus recorded an upward trend for another quarter, thereby confirming the dynamic and steady growth of the sector. According to the financial results announced by ...

In Q4 of 2023, two-bedroom apartments were the main attraction for buyers in Cyprus, according to Ask Wire‘s findings, which emerge from continuous monitoring of the development of 421 high-end projects ...

The Cyprus Statistical Service (Cystat) has announced the release on Friday, of its bimonthly bulletin, “Monthly Economic Indicators,” covering the period of January to February 2024. Focusing on specific sectors, the ...

Amazon.com CEO Andy Jassy said the e-commerce firm sees opportunity to reduce costs in its fulfillment network, after trimming staff in a number of divisions over the recent months. “...

Nike unveiled Olympic kits for the teams it sponsors on Thursday alongside athletes including Kenyan marathon star Eliud Kipchoge and British sprinter Dina Asher-Smith, betting that top athletes can help ...

The effects of climate change was one more challenge the tourism industry would have to cope with, said Christos Angelides, the president of the Pancyprian Association of Hotel Managers (Pasydixe). ...

Stocks and the euro were steady ahead of an European Central Bank meeting on Thursday, after stubborn U.S. inflation numbers triggered the biggest global market selloff in months and ...