#business

By Maria Demertzis When Russia invaded Ukraine in February 2022, the European Union had little experience of imposing sanctions. Numerous sanctions packages later, there is still significant doubt about their effectiveness. ...

Chip designer Nvidia (NVDA.O) said this week it expects a steep drop in fourth-quarter sales in China – a key revenue generator – in the wake of new US rules, but ...

Broadcom (AVGO.O) said it planned to close its $69 billion acquisition of cloud computing firm VMWare (VMW.N) earlier this week, wrapping up one of the biggest takeover deals in ...

Italy’s Enel (ENEI.MI) will focus its investments on power grids in the next three years and take a more cautious approach to spending on renewable energy projects, its ...

The Deputy Ministry of Research, Innovation, and Digital Policy has set its sights on positioning Cyprus as a dominant force in research, innovation, entrepreneurship, and high technology. In an ambitious ...

The recent 8th Greek Raw Materials Community Dialogue in Athens placed a spotlight on the Critical Raw Materials Act and its potential to fortify technological advancement and green energy production. ...

Aristos Philis, a Limassol native, stands at the helm of Lemissoler Navigation Company’s Strategic Development department while simultaneously holding the positions of CEO and co-founder at KeelX. Philis is ...

President of the Cyprus Ports Authority Antonis Stylianou this week underlined the impact of green transition processes within ports, describing the authority’s actions as exemplary practices. This discussion took ...

The global smartphone market returned to growth in October after more than two years of slump, helped by a recovery in the emerging markets, according to data from Counterpoint Research. ...

Cyprus has emerged as a thriving hub for video game developers and tech innovators, drawing in global gaming companies owing to its skilled workforce and creative environment. In this context, ...

In a groundbreaking development reflecting the International Maritime Organisation’s (IMO) commitment to gender equality, Despina Theodosiou, a notable figure in the Cypriot shipping industry, has been honoured with the ...

Cypriot Deputy Minister of Tourism Kostas Koumis took part in the ‘Mediterranean Tourism Forum Minister’s Summit’ this week, calling for pragmatism in the implementation of climate change plans in ...

Nissan (7201.T) said on Friday it would pump 1.12 billion pounds ($1.4 billion) into its British plant to build electric versions of two models, offering a boost to the country’s auto ...

Germany’s financial firms may be well capitalised now but face challenges ranging from rising interest expenditure and weak loan demand to unrealised losses, Bundesbank Vice President Claudia Buch said ...

Novo Nordisk (NOVOb.CO) on Thursday announced a $2.3 billion investment to boost production of its wildly popular weight-loss and diabetes drugs at a site in Chartres, France as it races ...

Alpha Bank Cyprus on Friday announced that it expanded its product range by offering a new deposit interest rate of 2.75 per cent annually for deposits exceeding €100,000. According to the announcement, ...

The downturn in euro zone business activity eased in November but remained broadbased, suggesting the bloc’s economy will contract again this quarter as consumers continue to rein in spending, ...

In the evolving landscape of educational solutions, I.G. Perfect eClass Limited, a Paphos-based startup, stands as a notable example of success, reflecting a commitment to innovation and resilience in ...

ESG expert Nicole Phinopoulou this week released a piece of analysis that underscores the increasing global economic relevance of Environmental, Social, and Governance (ESG) frameworks. For countries like Cyprus, embracing ...

Spain’s anti-trust watchdog this week cleared Amazon (AMZN.O), Booking Holdings (BKNG.O) and Tripadvisor (TRIP.O) of participating in or facilitating fake reviews on their websites. CNMC, as ...

As FedEx (FDX.N) and United Parcel Service (UPS.N) battle for market share in a delivery demand downturn, they are expanding returns services aimed at helping retailers slash the ...

British companies reported a marginal return to growth in November after three months of contraction but the downturn in orders continued in the face of higher interest rates and weak ...

Turkey’s central bank raised its policy rate by a larger-than-expected 500 basis points to 40 per cent on Thursday and said the pace of monetary tightening will slow down, with the ...

The Nicosia Chamber of Commerce & Industry (Evel) held its annual general assembly this week, highlighting critical proposals aiming to boost development in the Cypriot capital, improve the quality of ...