#business

German exports fell more than expected in December due to weak global demand, data from the federal statistics office showed on Monday. Exports fell by 4.6 per cent in December compared ...

Global air cargo demand experienced a notable resurgence in 2023, particularly with a strong fourth-quarter performance despite economic uncertainties, according to recently released data by the International Air Transport Association (IATA). ...

The number of registered unemployed individuals in Cyprus saw a significant decrease of 12.3 per cent on an annual basis in January 2024, according to a report released this week by the ...

The Cyprus Securities and Exchange Commission (CySEC) has announced that it recently reached settlement agreements with two Cypriot companies, the Cyprus Trading Corporation, and Woolworth (Cyprus) Properties. In both instances, ...

Britain’s unemployment rate was much lower late last year than previously thought, the Office for National Statistics said on Monday, citing re-weighted survey results that might add to the ...

Volvo Cars’ (VOLCARb.ST) sales increased 10 per cent to 53,402 cars in January from a year earlier, helped by a 40 per cent jump for fully electric models in Europe, the Sweden-based ...

The dollar rose to an eight-week top against its major peers on Monday as traders clawed back bets for aggressive rate cuts by the Federal Reserve this year in view ...

Oil prices nudged higher on Monday, recovering from sharp falls last week, after Washington pledged to launch further strikes on Iran-backed groups in the Middle East and as Ukrainian drones ...

Researchers are going beyond conventional solar panels in a bid to generate heat and electricity from the other external surfaces of buildings. By Jack McGovan In social housing on the ...

Microsoft (MSFT.O) is expected to report a 15.8 per cent jump in quarterly revenue, its best growth in nearly two years, as rising adoption of its products infused with generative ...

Stellantis’ (STLAM.MI) Peugeot brand plans to use ChatGPT to improve the voice assistant in its cars and vans, the French brand said on Tuesday, joining rivals such as Volkswagen ...

Spotify (SPOT.N) said on Friday that Apple’s (AAPL.O) new plan to comply with the European Union’s Digital Markets Act (DMA) is “a complete and total farce.” ...

Here are the top business stories in Cyprus from the week starting January 29: In maritime affairs, the Cyprus Shipping Chamber (Kne) announced on Monday that it is marking 35 years of ...

The global electric vehicle (EV) market is set to witness a substantial growth of 29 per cent, reaching 13.7 million units in 2023, according to the latest research from technology market analysts Canalys. ...

Despite the buzz over generative artificial intelligence last year, the technology’s impact on the advertising business of Alphabet (GOOGL.O) and Meta Platforms (META.O) is likely to be ...

Whether Amazon.com (AMZN.O) can cash in on its delivery heft by boosting fee revenue from its “Buy With Prime” service after a 2022 overhaul of its logistics network will ...

German sportswear maker Adidas (ADSGn.DE) expects operating profit to nearly double to about 500 million euros ($542.3 million) this year after the company’s break-up with Kanye West and the discontinuation ...

Italy’s data protection authority has told OpenAI that its artificial intelligence chatbot application ChatGPT breaches data protection rules, the watchdog said on Monday, as it presses ahead with an ...

By Maria Demertzis Brussels has entered pre-election mode, and over the next few months, there will be a lot of talk about the priorities and objectives the new EU leadership ...

The Cyprus Chamber of Commerce and Industry (Keve) and the Cyprus Bank Association this week reached a preliminary agreement to collaborate on joint initiatives and public outreach concerning matters of ...

Cyprus experienced a modest uptick in inflation in January 2024, with a 1.7 per cent increase compared to a 1.64 per cent rise in December 2023. The annual inflation rate for January 2023 had reached 7.11 ...

Cyprus’ retail sector experienced a notable surge during 2023, with a remarkable 8.9 per cent increase in the value of turnover, according to a report released this week by the state’s ...

The launch of US exchange-traded funds (ETFs) tracking bitcoin deepens ties between the volatile world of cryptocurrencies and the traditional financial system, potentially creating unforeseen new risks, some experts say. ...

The Cyprus Shipping Chamber (CSC) on Friday expressed its appreciation for the re-appointment of Deputy Director General Alexandros Iosifidis as a Goodwill Maritime Ambassador at the International Maritime Organisation (IMO), ...