#business

British luxury carmaker Jaguar Land Rover reported a 10.7 per cent drop in first-quarter sales, its Indian parent Tata Motors (TAMO.NS) said this week, hit by a temporary pause in ...

Oil prices rose by around 1 per cent on Friday as investors weighed a tight prompt market against a potential large surplus this year forecast by the IEA, while US tariffs ...

Britain’s economy contracted unexpectedly for a second month running in May, official data showed on Friday, compounding worries at home for finance minister Rachel Reeves as the nation navigates ...

The European Investment Fund (EIF) has retained its top-tier AAA credit rating, with stable outlook, as confirmed by Morningstar DBRS (DBRS Ratings GmbH). The agency stated that both the long-term ...

Total government employment in Cyprus reached 54,829 in June, marking an increase of 676 persons, a rise of 1.2 per cent compared to the same month in 2024, according to the state statistical service. ...

President of the hoteliers association (Pasyxe) Thanos Michaelides on Friday said that Paphos has significant potential to boost visitor numbers. In addition, he also said that the district can attract ...

The Cyprus Statistical Service (Cystat) on Friday announced a reduction of 1.9 per cent in the number of building permits issued during March 2025, when compared to the same month last year. ...

PwC Cyprus on Friday released a statement outlining their support for this year’s Invest Cyprus International Investment Awards, with the firm being a platinum sponsor of the event. The ...

The European Banking Authority (EBA) this week launched a public consultation on proposed revisions to its guidelines on product oversight and governance (POG) arrangements for retail banking products. The revised ...

The Cyprus Securities and Exchange Commission (CySEC) on Friday issued a formal update to cryptoasset service providers (CASPs) and applicant CASPs regarding new regulatory guidance from the European Banking Authority (...

Cyprus emerged as one of the EU’s most active countries for online cultural engagement in 2024, with 94 per cent of internet users watching TV or videos online.   This placed the ...

The United Arab Emirates could further boost its oil production capacity after 2027 if that is what markets require, its energy minister said on Thursday, signalling a move that could propel ...

The average interest rate for household time deposits up to one year in Cyprus stood at 1.16 per cent in the latest data published by the Central Bank of Cyprus, lagging ...

Parliament on Thursday began debating legislation to screen foreign direct investments in strategic sectors, aligning Cyprus with EU rules designed to safeguard security and public order. The bill, approved by ...

President Donald Trump claims that rapid adoption of solar and wind power has made US electricity unstable and expensive, justifying his bid to end most subsidies for renewable energy. But ...

US companies are getting ready to open their books on the second quarter, with investors looking for signs of an impact from President Donald Trump’s trade war launched on ...

The Turkish Competition Authority announced on Thursday that it would impose an administrative fine of approximately 355 million lira (equivalent to $8.87 million) on Google for not meeting its regulatory responsibilities. According ...

Greek retail group Jumbo reported resilient sales growth across its network in the first half of 2025, with stores in Cyprus and Greece driving performance despite geopolitical tensions in the Middle ...

The construction production index in Cyprus reached 112.65 units in the first quarter of 2025, reflecting a 1 per cent increase compared to the same period in 2024, according to the state statistical service. ...

Cyprus recorded a trade deficit of €3.26 billion in the first five months of 2025, slightly up from €3.18 billion in the same period of 2024, according to figures released on Thursday by the ...

Chief Scientist Demetris Skourides recently completed a high-level business visit to the United Arab Emirates, according to an announcement released on Thursday. The visit aimed to “reinforce Cyprus’ role as ...

Parliament on Thursday began debating legislation to screen foreign direct investments in strategic sectors, aligning Cyprus with EU rules designed to safeguard security and public order.  The bill, approved by ...

The board of directors of Mall of Cyprus approved an interim dividend of €13.5 million, following a review of the company’s financial position based on the provisional 2025 accounts. According to ...

Cytacom Solutions Ltd, a subsidiary of Cyta, on Thursday announced that it recently signed the renewal of its collective labour agreements for the 2025–2027 period. These agreements, the company said, cover ...