#business

Mediterranean Shipping Company (MSC) said this week that founder Gianluigi Aponte transferred ownership of the group to his son and daughter in the last quarter of 2025, marking a major generational ...

Cyprus’ Easter retail market held up at satisfactory levels, without major problems, despite concerns linked to the war in the Middle East and foot-and-mouth disease, according to retail trade association ...

The European Central Bank (ECB) has moved the digital euro into its next phase, shifting the project from planning to technical preparation, with the Eurosystem aiming to be ready for ...

Top trading hub Cyprus prepares for mandatory salary disclosures Cyprus remains the top global location for hiring in the online trading sector during the second quarter of 2026, according to FYI, ...

Data sovereignty is becoming a central strategic priority for telecom operators, while increasingly shaping global regulatory discussions around artificial intelligence, cloud computing and data protection. A report from market intelligence ...

AI is reshaping enterprise decision-making, redefining how organisations build, buy and deploy technology, and accelerating structural changes across industries, according to research from the International Data Corporation (IDC). The research, ...

Eurostat has reported that services production increased in both the euro area and the European Union in January 2026, reflecting a continued recovery in the sector. The first estimates showed that ...

Cyprus-based software engineering company Pale Blue has announced the launch of its mobile payment solution Paid for businesses in Cyprus. The company said that the application enables merchants to accept ...

The Cyprus Economic Society will host a discussion event in Nicosia on April 27, featuring an International Monetary Fund official addressing Europe’s fiscal challenges. The event, titled “How Can Europe ...

The European Union recorded a record trade surplus in medicinal and pharmaceutical products in 2025, according to a report from Eurostat. Specifically, the figures showed that the EU exported goods worth €366.2 ...

The European Union recorded a €359.8 billion trade deficit with China in 2025, as imports continued to outpace exports, according to Eurostat. The data showed that EU exports to China totalled €199.6 billion, ...

Hotel occupancy in Cyprus ranged between 25 and 45 per cent over the Easter period, according to director general of the Cyprus hoteliers association Christos Angelides, who said cancellations and weak booking ...

The global smartphone market grew by 1 per cent year-on-year in the first quarter of 2026, performing above expectations, despite mounting cost pressures, according to industry analysts Omdia. The report found that ...

EU international trade in services reached €5.93 trillion in 2023, according to Eurostat, highlighting the scale of global economic integration and the central role of the United States as a key partner. ...

As Elon Musk’s SpaceX closes in on a $75 billion IPO that could rewrite record books, concerns are mounting that others looking to list in 2026 may find it harder to ...

British house prices slid unexpectedly last month ​as economic uncertainty stemming from the ‌Iran war hurt buyer demand, mortgage lender Halifax has reported. House prices fell by 0.5 per cent month-on-month ​...

Like many whiskey distillers, Heaven Hill Brands is rolling back bourbon production this year, as demand lags. Yet, as the American spirit faced a tumultuous market in 2025, the Kentucky company ...

Here are the top business stories in Cyprus from the week starting April 6: The Bank of Cyprus (BoC) on Monday announced a targeted initiative to support the hotel industry while ...

Emerging market ‌nations now get the bulk of their foreign financing from the likes of hedge funds, pension funds and insurers, leaving them vulnerable to rapid outflows during crises, the ...

Business activity growth in Germany’s service sector abruptly lost momentum in March as demand weakened amid fallout ​from the war in the Middle East, a survey ‌showed this week. ...

The household saving rate in the euro area declined to 14.4 per cent in the fourth quarter of 2025, reflecting changing consumption patterns, according to Eurostat. The statistical office reported that the ...

Cyprus recorded a current account deficit of €0.8 billion in the fourth quarter of 2025, according to Eurostat, reflecting a deterioration compared with the previous quarter. Figures released this week showed that ...

Anthropic recently announced an initiative with major technology companies, including Amazon.com (AMZN.O), Microsoft (MSFT.O) and Apple (AAPL.O), that lets partners preview an advanced ​model with cybersecurity ...

Russia sees Chinese tech giant Tencent’s (0700.HK) WeChat messaging app and TikTok sister app Douyin as models for developing its own struggling ​Max messaging app, Vladimir Kiriyenko, CEO of ...